Answer:
$785.34
Explanation:
The computation of the seller's share of the tax bill is shown below:
= Expected estate taxes for the year × number of days of the tax year ÷ total number of days in a year
= $31,50 × 91 days ÷ 365 days
= $785.34
We simply applied the proportionate method so that the approximate value could be arrived by taking all the information which is mentioned in the question.
The amount of the gain or loss on disposal of the fixed asset is $2,000.
<h3>Gain or loss on disposal </h3>
First step
Book Value = Original Cost of Equipment - Accumulated Depreciation
Book Value = $30,000 -$28,500
Book value= $1,500
Second step
Gain=Sale Price -Book Value
Gain=$3,500-$1,500
Gain=$2,000
Inconclusion the amount of the gain or loss on disposal of the fixed asset is $2,000.
Learn more about gain or loss on disposal of asset here:brainly.com/question/14542603
Answer:
The correct answer is letter "C": free equipment and training.
Explanation:
A franchise is a venture in which a person, the <em>franchisee</em>, has the right to obtain the proprietary expertise of an established company, the <em>franchisor</em>. <em>The franchisee buys the right under an established brand name to sell a product or service.
</em>
<em>The franchisor provides support on building and design specifications, site recommendation, and prices for inventory and equipment are typically lower than starting up a business alone, yet they are not free. Also, franchises must share information financially and comply with uniform procedures.</em>
Answer: $0
Explanation:
The cyclical deficit occurs when there is a different between the actual output and the potential output. This is why it is calculated by the formula:
= Tax rate * ( Potential output - Actual output)
As the economy here is at the potential output, it means that both the actual and the potential output are the same. In such a case, there would be no cyclical deficit.
This can be proven by the formula:
= Tax rate * ( Potential output - Actual output)
= 30% * (0)
= $0
