Answer:
$27,000
Explanation:
Computation for the charitable contribution deduction
Using this formula
Charitable contribution deduction = (Adjusted basis )+[ 50% (Fair Value – Adjusted Basis)]
Let plug in the formula
Charitable contribution deduction= 24,000 + [50% (30,000 – 24,000)]
Charitable contribution deduction= 24,000+ (50%*6,000)
Charitable contribution deduction= 24,000+3,0000
Charitable contribution deduction = 27,000
Therefore the charitable contribution deduction will be $27,000
People living in a society judge a person very quickly If the person is unemployment society starts to judge and they start to dominate who is unemployment
To decrease unemployment we need to respect each work but the people living in a society starts to judge people and that's the great weakness of the people so if Unemployment is decreased in the country, than there would be positive impact
i hope i have give my answer according to my thoughts
Answer and Explanation:
The preparation of the cost of goods sold section of a multiple-step income statement is presented below:
<u>Cost of goods section</u>
<u>Multiple-income statement</u>
Opening inventory $37,000
Estimated return inventory $1,000
Purchase $102,000
Less purchase returns -$4,200
Less: Purchase discount -$2,040
Add: Freight in $800
Less: closing inventory -$30,500
Less: estimated return inventory -$1,500
Cost of goods sold $102,560
Answer:
A 12.5%
Explanation:
Given that:
Contribution margin = 40%
Sales = $312,500
Net operating income = $25,000
Average operating assets = $200,000
The formula for return on investment is
= Net operating income ÷ Average operating assets
= $25,000 ÷ $200,000
= 12.5%
Therefore, the company's net return on investment is 12.5%
Answer:
The answer is: $700,000
Explanation:
A company´s resource flows are the amount it reinvests to maintain (or in this case upgrade) or build a resource, for example new machinery or infrastructure renovations.
In this case, Ironhorse Tools spent $700,000 to upgrade its manufacturing facilities.
