Answer:
Isabella gain = $7,500
Explanation:
given data
partnership = 20 %
Outside basis= $30,000
share of JDT debt liability = $15,000
Selling value = $22,500
solution
first we get here Net value of share that is express as
Net value of share = Value of share - Liabilities ..............1
put here value and we will get
Net value of share = $30,000 - $15,000
Net value of share = $15,000
and
Isabella gain = Selling value - Net value of share .............2
Isabella gain = $22,500 - $15,000
Isabella gain = $7,500
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Answer:
FV= $11,733.20
Explanation:
Giving the following information:
Annual deposit= $2,000
Number of periods= 5 years
Interest rate= 8% = 0.08
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {2,000*[(1.08^5) - 1]} / 0.08
FV= $11,733.20
Answer:
Net operating income would be decreased by $137,000
Explanation:
The computation is shown below:
Sales $490,000
Less: Variable expenses ($221,000)
Contribution margin $269,000
Less
Fixed manufacturing expenses ($90,000)
Fixed selling and administrative expenses ($42,000)
Net income $137,000
If the product H58S were dropped than the net operating income would be decreased by $137,000
Answer:
income = 500,000
Explanation:
Income = sales - expenses
In this case, we are given with the three cost component, we add them together to get the total cost, or total expenses for the period.
Then we calculate the difference with the revenue and obtain the net income.
sales 10 millions
direct materials 3.5 millions
direct labor 2.5 millions
overhead <u> 3.5 millions </u>
total cost 9.5 millions
net income 0.5 millions = 500,000