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3 years ago

What is the capital gains tax? ill give 20 points to whoever answers

Business

1 answer:

Nuetrik [128]3 years ago

8 0

Answer:

a capital gains tax (CGT) is a tax on the profit realized on the sale of a non inventory asset . The most common capital gains are realized from the sale of stocks,bonds,precious metals , real estate , and property

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Cherokee Inc. is a merchandiser that provided the following information: Number of units sold 20,000, Selling price per unit $30

Firdavs [7]

Answer and Explanation:

1. Income Statement as on (-----)

Particular Amount

Sales(20000 x $30) $600,000

Less: COGS $160,000

inventory = $24,000

Less :End inventory = $44,000

Add :purchases $180,000

Gross Profit $440,000

Less: Fixed expenses $70,000

($40,000+$30,000)

$370,000

Less variable Expenses $120,000

(20,000 x $4) = $80,000

(20,000 x $2) = $40,000

Net Profit $250,000

2. Contribution Format Income Statement

Particular Amount

Sales(20000 x $30) $600,000

Less : Variable Expenses

COGS(24000+180000-44000) $160,000

Selling Expenses(20000x$4) $80,000

Administrative exp (20000x$2) $40,000

Contribution $320,000

Less: Fixed Expenses

Selling exp $40,000

Administrative exp $30000

Net Profit $250,000

8 0

3 years ago

What makes you blush hard?

sergeinik [125]

A girl calling me cute or putting her hand on my thigh. Someone tell me how they love me even though there intentions might be bad.

6 0

3 years ago

The united states is a major trader in ________, the fastest growing segment of world trade.

Mekhanik [1.2K]

The United States is a major trader in SERVICES, the fastest growing segment of world trade.

<h3 /><h3>What does the U.S. trade?</h3>

There are several things that the United States trades with other countries and one of the main ones is services.

Services are the fastest growing segment when it comes to world trade and the United States is a heavy trader of services. Some prominent services include Video and Music media.

Options for this question are:

A. commodities.
B. automobiles.
C. food and beverage
D. Services

Find out more on trading services at brainly.com/question/5376094

#SPJ1

4 0

2 years ago

__________ can be used to create a perfect inflation hedge.

34kurt

Answer:

c. TIPS

Explanation:

TIPS which is an acronym for Treasury inflation-protected securities is a kind of bond peculiar to the United States which is specifically formulated to shield or safeguard investments during the inflation period over a given time. It dynamically adjusts as inflation occurs, thereby protects the direct cost of investment and its rates of returns.

Hence, in this situation, the correct answer is option C. TIPS

3 0

3 years ago

The value of an investment increases by 0.05 % each day. by what percent does it increase in a year?

iVinArrow [24]

18.25%

0.05% x 365 (days in a year)

5 0

3 years ago