Answer:
Long-term capital gain = $73,000
Explanation:
The long-term capital gain (LTCG) can be calculated using the following formula:
Long-term capital gain = Selling price - Cost of acquisition - Cost of improvement .............. (1)
Where;
Selling price = $212,000
Cost of acquisition = $113,000
Cost of improvement = $26,000
Substituting the values into equation (1), we have:
Long-term capital gain = $212,000 - $113,000 - $26,000 = $73,000
Note:
Since no information on cost inflation index is given in the question, that implies that there is no need to use indexed cost of acquisition and indexed cost of improvement in our calculation. Therefore, the Cost of acquisition and Cost of improvement has to be used as given in the question.
Answer:
15,351.00 unfavourable
Explanation:
<em>Material quantity variance occurs when the actual quantity used to achieved a given level of output is more or less than the standard quantity.</em>
<em>It is determined by the difference between the actual and standard quantity of material for the actual level of output multiplied by the the standard price</em>
gram
300 units should have used (300× 4.6) 1380
but did used <u>2,400</u>
1020
Standard price ×<u> 15.05</u>
Material quantity variance 1<u>5,351.00</u> unfavourable
Answer:
Explanation:
For this case we can use present value calculation for an ordinary annuity in order to calculate the PMT each month.
The formula is given by:
(1)
Where:
PMT represent the monthly payment
PV represent the present value on this case 45300
i represent the discount rate and for this case we know that i =4.25 % = 0.0425
n represent the number of periods that the interest is compound in 1 year, we can assume that n =12 for this case
t represent the number of periods for which the annuity will last t= 10 years
If we solve for the PV from formula (1) we got:
(2)
And replacing the values we got:
And that would be the final answer for this case 464.042
Answer: more extensive external contacts
Explanation:
Team diversity has to do with the differences that the members of a particular team have. Such differences can be due to religion, nationality, age etc. .
It should be noted that diverse team will almost always have more extensive external contacts than a homogeneous team.