$8,000 (80% limitation) amount of year 2 income may be offset by the carryforward of the year 1 net operating loss
When a business' running costs are higher than its gross income, it experiences an operating loss (or revenues in the case of a service-oriented company).
Operating profit is the profit a business makes before taxes and interest. In the same manner as cost of goods sold, selling, general, and administrative expenditures are, interest and taxes are not regarded as operating costs. In many cases, businesses make enough money to pay their costs and turn a profit.
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Answer:
city A = 3 members in the committee
city B = members in the committee
city C = 4 members in the committee
Explanation:
City A: 18,000 people
City B: 21,000 people
<u>City C: 22,000 people</u>
total 61,000 people
A seat in the committee will be assigned for every 6,100 people
city A = 18,000 / 6,100 = 2.95 ⇒ city A will get 2 + 1 = 3 members in the committee
city B = 21,000 / 6,100 = 3.44 ⇒ city B will get 3 + 0 = 3 members in the committee
city C = 22,000 / 6,100 = 3.61 ⇒ city A will get 3 + 1 = 4 members in the committee
2 + 3 + 3 = 8, there were 2 remaining committee members that should be divided using the size of the remainders: 0.95 > 0.61 > 0.44
Answer:
The required rate of return is 11%
Explanation:
Dividend valuation method calculated the value of stock based on dividend payment, growth rate and required rate of return.
Use following formula to calculate the the required rate of return
Price = Dividend / ( Required Rate of return - Growth rate )
20 = $1 / ( Required Rate of return - 6% )
20 = $1 / ( Required Rate of return - 0.06 )
Required Rate of return - 0.06 = $1 / $20
Required Rate of return - 0.06 = 0.05
Required Rate of return = 0.05 + 0.06
Required Rate of return = 0.11
Required Rate of return = 11%
Answer:
$80 million
Explanation:
The total income received by the plant's employees during the year will be $40 million (= 1,000 employees x $40,000 per employee). Since their propensity to consume is 2/3, they the employees will spend $26.67 million and save $13.3 million.
The money multiplier can be calculated using the formula: money multiplier = 1 / (1 - MPC) = 1 / (1 - 0.67) = 1 / 0.33 = 3
To determine the total income effect in St. Louis we have to multiply the money spent times the money multiplier = $26.67 million x 3 = $80 million
Answer:
debit teaching supplies expense
credit teaching supplies
(9000-3840)
9000 is from general ledger
Explanation:
