The sale for more than the original cost basis before depreciation of machinery is used in trade or business is Section 1245 and Section 1231.
A business is described as an organization or enterprising entity engaged in commercial, commercial, or professional activities. groups can be for-earnings entities or non-profit companies. Enterprise sorts range from confined liability groups to sole proprietorships, organizations, and partnerships.
A business case describes the purpose, or reason, that an enterprise became to start with the base. It describes what makes an enterprise-specific, in addition to what the commercial enterprise plans to do. A business case isn't a venture or price statement and is plenty shorter than both.
The definition of business is an occupation or change and the purchase and sale of services or products to make a profit. An instance of commercial enterprise is farming. An instance of business is a house sale.
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Answer:
Neither I nor II are correct
Explanation:
I. The nominal interest rate is also referred to as the APR or the stated rate.
This statement is not true because nominal interest rate is different from the annual percentage rate (APR).
A nominal interest rate is basically the interest rate is charged by banks or other financial institutions on a loan, and other expenses on the loan are not added to the interest when interest rate is being determined.
On the other hand, APR is nominal interest rate plus other expenses incurred in other to get the loan.
Therefore, nominal interest rate is usually lower than the APR. This makes them to be different.
II. You should use the nominal interest rate to compare two alternative investments/loans with different compounding periods.
This statement is not correct.
The interest rate is used to to compare two alternative investments/loans with different compounding periods is the effective interest rate.
The effective interest rate is the actual amount of interest rate that a lender or an investor earned on his loan, investment because of compounding that is done during a specific period of time. The effective annual interest rate is the interest rate that is employed to compare different investment products because, unlike other interest rate, compounded interest are estimated differently by it.
Therefore, Neither I nor II are correct.
I wish you the best.
Answer:
$1,000,000
Explanation:
The Bond Issued less than its face value is issued on the discount. This discount is recorded and amortized until the maturity of bond.
Discount on the Bond = Face value - Issuance value = ($1,000 x 1,000) - ($1,000 x 1,000) x 99% = $1,000,000 - $990,000 = $10,000
Journal Entry
Dr. Cash $990,000
Dr. Discount on Bond $10,000
Cr. Bond Payable $1,000,000
Bond Liability on June 30, 20x5 is $1,000,000.
Answer: sector provides basic services such as hospitals, educational institutions, post and telegraph services, police stations, courts, municipal corporations, defence, banks, insurance etc. ... Thus, tertiary sector is certainly important for the development of other sectors in an economy.
Explanation:
<u>Solution and Explanation:</u>
calculating the increase in the net operating income is as follows:
S.no Particulars and explanation Amount
1. Sales ( $268000 + 84000 ) 352000
2. Contribution ( 1 multiply with 40 percent) 140000
3. Fied expense ( $119200 plus $6200 ) 125400
4. Net operating income ( 2 step minus 3 step) $14600
therefore, net operating income increased by $ 14600 plus $12000
Note: the sales were not given, so i have taken or assumed. Please change the figure if there is different figure of sales in the question given.
