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Bogdan [553]
3 years ago
12

The assets for BIZZ0 in 2018 were $187,300; the liabilities for that year were $275,600; and the net income was $17,700. What wa

s the return on income for the year?
Business
1 answer:
Leto [7]3 years ago
8 0

Answer: 9.45%

Explanation:

From the question, we are informed that the assets for BIZZ0 in 2018 were $187,300, the liabilities for that year were $275,600; and the net income was $17,700.

The return on income for the year will be:

= ( Net Income / Total Assets ) × 100

= ($17,700 / $187,300) × 100

= 0.0945

= 9.45%

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Answer:

correct option is C. $250,000

Explanation:

given data

sold the home and gain = $300,000

to find out

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solution

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and The maximum gain exclusion permitted =  $250000

so here Michael will recognize $50,000 because amount exceed $250,000 for a single taxpayer and exclusion of gain on sales of property tax payer need to own and occupy the property as principle residence for the  2 out of 5 year immediately preceding the sales

so here correct option is C. $250,000

5 0
3 years ago
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Answer:

b. Investors buy products in other countries.

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2 years ago
What effects does this journal entry have on the accounts? decrease cash and increase land decrease cash and decrease land incre
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Answer:

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Because cash was used to purchase the land, cash decreases and land increases.

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3 years ago
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3 years ago
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