Answer: an offset against ordinary income of $3,000 and a NSTCL carryforward of $2,400
Explanation:
Feom the question, we are told that in the current year, Norris, an individual, has $59,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700.
From his capital gains and losses, Norris reports an an offset against ordinary income of $3,000 and the a net short-term Capital loss (NSTCL) balance carryforward will be the difference between the net short-term Capital loss (NSTCL) of $9,100 and a net long-term capital gain (NLTCG) of $3,700 and the offset against ordinary income. This will be:
= ($9100 - $3700) - $3000
= $5400 - $3000
= $2400
Answer:
$26,000
Explanation:
The Sales volume variance can be calculated using the following formula:
Sales Volume Variance = Actual Sales ($) - Budgeted Sales ($)
Or you can also use the following formula:
Sales Volume Variance = (Actual Sales Units - Budgeted Sales Units) * Budgeted price per unit
Here
Actual Sales ($) is 77000 unit at $14 budgeted sales price per unit which means total sales in dollars was $1,078,000.
Budgeted Sales ($) is 79000 unit at $14 budgeted sales price per unit which means total budgeted sales in dollars was $1,104,000.
Sales Volume Variance = $1,078,000 - $1,104,000 = $26,000
Answer:
the total cost to be accounted for under the weighted-average method would be: $172,000
Explanation:
Hint : Total Cost of Inputs must equal Total Costs of Outputs
<u>Total Cost To be Accounted for is calculated as follows:</u>
Cost of Ending Work in process Inventory $21,000
<em>Add</em> Cost of units transferred out from the department $151,000
Total Cost To be Accounted for $172,000
Not really sure if the $35,000 is the total or not but..
If the $35,000 dollars is the total then here you go.
Take the $35,000 dollars and subtract the 10% sales tax.
35,000 - 3,500 = 31,500
Then take the total before tax and subtract the shipping charges.
31,500 - 940 = 30,560
Finally, subtract the cost of installation.
30,560 - 1,120 = 29,440
Andy's Candy spent $29,440 on equipment before taxes.
