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Dahasolnce [82]
2 years ago
9

In 2020, Creeper Corporation had a $4,000 net long-term capital loss that it could not carry back. For 2021, it reported the fol

lowing capital transactions. Long-term capital gain$2,000 Short-term capital gain3,000 As a result of these transactions, for 2021 Creeper reports a: a.Net short-term capital gain of $1,000. b.Carryover to 2022 of $2,000 long-term capital loss. c.Net short-term capital gain of $3,000. d.Net long-term capital gain of $1,000.
Business
1 answer:
podryga [215]2 years ago
4 0

Answer:

d. Net long-term capital gain of $1,000

Explanation:

2020, $4,000 net long-term capital loss that it could not carry back.

2021, Long-term capital gain $2,000

2021, Short-term capital gain $3,000

In 2021, Creeper would reports a:

Net long-term capital gain = Long-term capital gain + Short-term capital gain - Net long-term capital loss

Net long-term capital gain = $2,000 + $3,000 - $4,000

Net long-term capital gain = $1,000

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Define the following:<br> 1. Allocation of resources<br> 2. Economic system<br> 3. Market economy
denis-greek [22]
  1. Allocation of resources is the assignment of available resources to various uses.
  2. Economic system is a system of production, resource allocation and distribution of goods and services within a society or a given geographic area.
  3. Market economy is an economic system where supply and demand, direct the production of goods and services.
8 0
2 years ago
Read 2 more answers
The Acme Corporation has been acquired by the Conglomerate Corporation. To help finance the takeover, Conglomerate is going to l
vovangra [49]

Answer:

The one-year liquidity index for these securities is 0.862

Explanation:

For computing the liquidity index, we have to use the formula which is shown below:

= (IBM stock face value ÷ total amount of face value) × (IBM current liquidation value ÷ IBM one year liquidation value) + (GE stock face value ÷ total amount of face value) × (GE current liquidation value ÷ GE one year liquidation value) + (Treasury securities stock face value ÷ total amount of face value) × (Treasury securities current liquidation value ÷ Treasury securities one year liquidation value)

where,

total amount of face value = IBM stock face value + GE stock face value + Treasury securities face value

= $15,000 + $6,000 + $20,000

= $41,000

Now put these values to the above formula

= ($15,000 ÷ $41,000) × ($14,900 ÷ $15,500) + ($6,000 ÷ $41,000) × ($3,000 ÷ $3,400) + ($20,000 ÷ $41,000) × ($15,000 ÷ $19,000)

= 0.365 × 0.961 + 0.146 × 0.882 + 0.487 × 0.789

= 0.350 + 0.128 + 0.384

= 0.862

Hence, the one-year liquidity index for these securities is 0.862

8 0
3 years ago
Jerry contributed $8,000 for a 25% interest in a bookstore. He also contributed a cash register, with a fair market value of $49
Marta_Voda [28]

Answer:

The Jerry's partnership basis in the bookstore at the end of the year is $23,350.

Explanation:

Workings

Contributed Capital = $   8,000

Add: Adjusted basis of cash register = $       350

Add: Share of Profit ($60000 X 25%) = $ 15,000

Partnership basis at the end of the year = $ 23,350

8 0
3 years ago
What is a specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to
katovenus [111]

The specific set of organizational practices, policies, and programs, plus a philosophy that actively supports efforts to help employees achieve success at both work and home considered is -work-life effectiveness. This is further explained below.

<h3>What is organizational practices?</h3>

Generally, An organizational practice is the habitual application of knowledge inside an organization for the purpose of carrying out a certain function. This application of knowledge has developed over the course of time as a result of the history, people, interests, and activities of the organization.

In conclusion, The precise combination of corporate practices, policies, and programs, plus a mindset that actively supports efforts to assist individuals to achieve success at both work and home regarded called -work-life effectiveness.

Read more about organizational practices

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4 0
2 years ago
This company purchased a truck at a cost of $12,000. The truck has an estimated residual value of $2,000 and an estimated life o
Hoochie [10]

Answer:

Annual depreaciation 2020= $2,400

Explanation:

Giving the following information:

Purchase price= $12,000

Salvage value= $2,000

Useful life= 5 years

<u>To calculate the depreciation expense under the double-declining balance, we need to use the following formula:</u>

Annual depreciation= 2*[(book value)/estimated life (years)]

2019:

Annual depreaciation= 2*[(12,000 - 2,000) / 5]

Annual depreaciation= 4,000

2020:

Annual depreaciation= 2*[(10,000 - 4,000) / 5]

Annual depreaciation= $2,400

8 0
2 years ago
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