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2 years ago

How long does it take for your tax return to be processed?.

Business

1 answer:

baherus [9]2 years ago

8 0

Answer: It is expected to be processed within 21 days, although some suspect it could take quite longer

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Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,110,00

Ksivusya [100]

Answer:

$1,83,000

Explanation:

Sales = 4,535,000

Cost of goods sold = $2,560,000

Operating expenses = $1,382,000

Average total assets = $4,110,000

Net Income = Sales - Cost of goods sold - Operating expenses

= $4,535,000 - $2,560,000 - $1,382,000

= $5,93,000

Target income = 10% of Average total assets

= 0.10 × $4,110,000

= $410,000

Thus,

Residual income = Net income - Target income

= $5,93,000 - $410,000

= $1,83,000

7 0

2 years ago

Ronnie operates a lawn-care service. On each day, the cost of mowing the first lawn is $15, the cost of mowing the second lawn i

OlgaM077 [116]

Answer:

$60

Explanation:

The computation of price is shown below:-

Producer Surplus = Price paid by consumers - Production cost

$100 = Price - ($15 + $25 + $40)

$100 = Price - $80

Price for all = $100 + $80

= $180

Price Per consumer = Price for all ÷ First three lawns

= $180 ÷ 3

= $60

Therefore, for computing the price per consumer we simply divide first three lawn by price for all.

6 0

3 years ago

Tristan transfers property with a tax basis of $1,255 and a fair market value of $1,570 to a corporation in exchange for stock w

AlladinOne [14]

Answer: $1531

Explanation:

The corporation's tax basis in the property received in the exchange will be the addition of Tristan's Tax basis and the gain that's recognized on exchange by Tristan.

The gain realized will be:

= $1,570 - $1,255

= $315

Boot received = $276

Therefore, lower of $315 or $276 is $276.

The corporation's tax basis in the property received will then be:

= $1255 + $276

= $1531

4 0

2 years ago

Consider the market demand and supply for eggs. Assume that the market for eggs is perfectly competitive. Suppose that egg produ

In-s [12.5K]

Answer:

The quota system is not efficient since the total supply is less than the equilibrium quantity. This will produce a deadweight loss which equals the lost supplier surplus plus the lost consumer surplus. The deadweight loss s the area between the demand and supply curve, and between the imposed quota and the equilibrium quantity.

Graph 1 shows the market equilibrium while graph 2 shows the deadweight loss.

3 0

3 years ago

Which of the following statements is FALSE?A. The effect of compounding is great over short time periods, but then it begins to

Ede4ka [16]

Answer:

The false statement is letter "A": The effect of compounding is great over short time periods, but then it begins to decline as the horizon grows.

Explanation:

Interest on interest or Compound Interest is the money accrued out of an interest rate plus all the interest earned accumulated on a certain period of time. The compound interest can be calculated on a daily, monthly or yearly basis. If the frequency of the compound interest is set in shorter periods of time, it will be more beneficial for the investor.

In that sense, option letter "A" is false since interest on interest does not decline over time but increases.

6 0

3 years ago