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olga nikolaevna [1]
3 years ago
15

Leo Gallagher is a traveling comedian, musician, and philosopher. In September of 2019, a truck he had used for several years to

transport watermelons for his business was totally destroyed in a sudden accident. His insurance reimbursed him $6,000 for the truck, which had adjusted basis of $5,000 and FMV of $9,000. In addition, he disposed of the following assets during 2019, and they all were solely used in the trade or business:
Asset

Purchased

Sold

Cost

Accumulated Depreciation

Sale Price

Sledge Hammer

3/10/2016

06/17/2019

$3,000

$1,000

$6,000

Office Furniture

7/18/2015

02/02/2019

$20,000

$12,000

$6,000

Equipment

10/14/2017

10/30/2019

$230,000

$11,800

$250,000

For each asset/transaction, list BOTH the amount(s) and the character(s) of any gain(s) or loss(es)
Business
1 answer:
Leya [2.2K]3 years ago
4 0

Answer:

Hold on, our servers are swamped. Wait for your answer to fully load.

Explanation:

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Serile Pharma places 800 units in production during the month of January. All 800 units are completed during the month. It had n
liberstina [14]

Answer:

Per unit cost will be $197.5

Explanation:

We have given number of units produced = 800

Direct material cost added in January = $74000

And conversion cost added in January = $84000

So total cost = $74000+$84000 = $158000

We have to find the per unit cost of product produced

So per unit cost is given by total cost divided by total number of units produced

So per unit cost =\frac{158000}{800}=$197.5

4 0
3 years ago
A counterfeit id is intended to an official document, but is not authentic
kirza4 [7]

Answer:

If this is the case then it is not valid.

Explanation:

Any counterfeit id is illegal and should never be rendered to be used for any purpose in relation to official documents.

4 0
2 years ago
You purchased shares of stock one year ago at a price of $62.37 per share. During the year, you received dividend payments of $1
andreyandreev [35.5K]

Answer:

real rate of return= 10.93%

Explanation:

The return on equity is the sum of the dividends earned and capital gains made during the holding period of the investment.

Dividend is the proportion of the profit made by a company which is paid to shareholders.  

Capital gains is another type of the return made on an equity investment as a result of increase in the value of the shares. It is difference between the cost of the share and the value at the time of disposal.

Therefore, we can can compute the return on the investment as follows:

Capital gain =  $69.49- 62.37 = 6.92

Dividend -= 1.77

Nominal return on stock= (1.77 + 6.92)/ 62.37 × 100 =  13.93 %

Inflation is the increase in the price level.It erodes the value of money.rise in the price of money  

Nominal interest is that quoted for investment or loan transactions. It has not been been adjusted for inflation.  

Real interest rate is the amount of interest in terms of the the quantity of good and services that can be purchased. It is the nominal interest rate adjusted for inflation.  

The relationship between inflation, real return and nominal return rate is given using the Fishers Effect;  

N = ( (1+R) × (1+F)) - 1  

N- nominal rate, R-real rate, F- inflation  

real rate of return = (1.1393)/ (1.027)- 1 = 0.1093

real rate of return = 0.1093 × 100 = 10.93%

real rate of return= 10.93%

8 0
3 years ago
Answer the question
asambeis [7]

Answer:

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6 0
3 years ago
When Jane appeared for an interview at Incogyn Inc., she was promised a monthly pay of $7,500 after all tax deductions. However,
musickatia [10]

Answer:

C) legal component

Explanation:

When Jane got the job at Incogyn Inc she signed a contract that states she would receive $7,500 after all taxes are paid. Instead she was paid $7,230.

This is a misinterpretation of information, breach of the contract between Jane and Incogyn so the loss incurred was as a result of legal component of Incogyn Inc's environment.

When companies make deductions not previously agreed upon, the information should be passed along to the employees to avoid legal action.

6 0
3 years ago
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