Answers
Answer:
B. to earn revenue for the company
Explanation:
The purpose of investing in stocks is to profit from dividend payments or capital gains. When a company invests in stocks of another business, it becomes a shareholder in that business. It is entitled to share in the profits of the business like any other stakeholder. An increase in the share price will results in profits when the shares are sold. A company will invest in the shares of another business earn more revenue.
Related Questions
Outline the initiative that the public company transnet use to lessen their impact on the environment
Answers
Accordingly, the material outcomes that Transnet aims to achieve are improved water management, improved waste management, improved protection and restoration of natural habitats, improved energy efficiency, and a reduction in carbon emissions.
Strength is described because of the capability to do paintings. Formula. The electricity saved in an item because of its position and height is referred to as ability power and is given by using the formulation: P.E. = mg.
The legitimate dimension unit for electricity is the Joule (J). Some of the maximum not unusual devices measuring power point out must be fabricated from the kilowatt/hour (kWh), used mainly for electric powered strength (in reality it's miles used to calculate power bills).
Power is so critical in our everyday lives because it is a primary human need. We use strength to no longer best warm our human-made systems but we use it to chill them as nicely. Energy is important for purchasing up away from the bed, taking walks down the street, or maybe lifting your finger.
Learn more about energy here https://brainly.com/question/13881533
#SPJ9
In most systems for reducing pollution using an effluent fee, the government is directly involved as a fee collector. For example, at one point in time the Italian government decided to implement an effluent fee system aimed at reducing secondhand smoke in restaurants, however, it put the restaurants at the center of enforcement efforts. If a customer lights up a cigarette in a smoke-free zone in a restaurant in Italy, its managers were legally bound to charge the violator a fine as part of the bill and to transmit the amount of the fine to the government. Many restaurant owners refused to participate in the government's program. Some worried about losing customers they penalize. Others simply did not want to go to the trouble to collect the government's fees without receiving compensation for the tax-collecting expenses they would incur. Consequently, the Italian government's effluent-fee system has seemingly failed to reduce secondhand smoke in restaurants. For Critical Analysis: How might the Italian government redesign its effluent-fee system so that it more effectively cuts down on the spillover costs incurred by nonsmoking patrons of restaurants
Answers
The Italian government can increase the efficiency of its effluent system by becoming creating a law that makes it illegal to smoke in smoke-free zones.
What is an Effluent?This refers to wastes that are secreted or released into the air, water, or underground channels.
Examples of effluents are:
Liquid factory wasteSmokeSewage etc.See the link below for more about the effluent system:
https://brainly.com/question/6277954
Jacqul makes $35 an hour working as an accounting assistant. She works 40 hours each month.
Answers
Answer:
35x40=1,400
Explanation:
jacqul will make 1,400 dollars per month or 16,800 a year
Answer:
9800
Explanation:
35x40=1400
1400x7=9800
Are interest or dividends taxable
Answers
In case your taxable hobby profits is more than $1,500 otherwise you received interest as a nominee for the real proprietor, you need to additionally consist of that earnings on agenda B (form 1040 or 1040-SR), interest and everyday Dividends and connect it on your tax go back.
Interest is charge from a borrower or deposit-taking monetary organization to a lender or depositor of an amount above reimbursement of the important sum, at a particular charge. It is distinct from a rate which the borrower may additionally pay the lender or some 1/3 party. Interest is the charge you pay to borrow cash or the cost you price to lend cash. Interest is most usually contemplated as an annual percentage of the quantity of a mortgage. This percentage is known as the hobby fee at the mortgage interest is described as the amount of cash paid for the usage of someone else's money. An example of interest is the $20 that became earned this yr for your financial savings account
Learn more about interest here:https://brainly.com/question/2294792
#SPJ1
If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply:
a.
trailing MA with a small window width.
b.
trailing MA with a large window width.
c.
trailing MA with any window width.
d.
all of the above.
e.
none of the above.
Answers
If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply: b. trailing MA with a large window width.
A larger window width means that more historical data will be used to calculate the moving average, which will result in a forecast that takes into account a wider range of variability in the data. A smaller window width, on the other hand, will result in a forecast that is less variable and more responsive to recent changes in the data. Therefore, option b is the correct answer.
What is forecast ?
A forecast is a prediction or estimate of future events, conditions, or trends based on historical data, statistical analysis, mathematical models, expert judgment, or a combination of these methods. Forecasts are used in many fields, including economics, finance, business, weather, sports, and engineering, to anticipate future developments and make informed decisions based on expected outcomes. A forecast can be short-term or long-term, and can involve a range of different techniques and methods. The accuracy and reliability of a forecast depend on the quality of the data, the appropriateness of the methods used, and the assumptions made about future conditions.
To know more about historical data, visit:
https://brainly.com/question/29306461
#SPJ1
Complete question is: If an analyst would like to develop a trailing MA forecast that incorporates more variability of historical data, she/he can apply, trailing MA with a large window width.
who want to do 1v1 lol with me
Answers
Answer:
nnm,v xcmnm,bkljmbihutjhuF
Explanation:
What role do group dyanmics play in financial decisions? use examples of personal and buisness financial decisions.
Answers
People who are typically sensible can be influenced by group dynamics to make decisions they would not have made otherwise. When certain members of a group help others overcome preconceptions, the results can be favorable.
What is an example of group dynamics in business financial decisions?When certain members of a group assist others in overcoming preconceptions, the results are good like Resolve problems quickly, Develop collaboration, Build communication and Help team leaders to develop.
Thus, group dynamics play an essential role in decision making.
For further details about group dynamics, click here:
https://brainly.com/question/14490371
#SPJ2
Explain how each of the following events would affect the equilibrium price and quantity of new textbooks. (Explain which curve(s) would shift and in which direction(s).)
Answers
The events that would affect the equilibrium price and quantity of new textbooks include changes in production costs, shifts in student enrollment, changes in government policies etc.
How do these events impact the equilibrium price and quantity?The changes in production costs will shift the supply curve of new textbooks. If production costs increase, the supply curve would shift to the left resulting in decrease in the equilibrium quantity and an increase in the equilibrium price.
But if production costs decrease, the supply curve would shift to the right leading to an increase in the equilibrium quantity and a decrease in the equilibrium price of new textbooks.
Read more about equilibrium
brainly.com/question/517289
#SPJ1
Adjusting Entry for Supplies The balance in the supplies account, before adjustment at the end of the year, is $1,654. Journalize the adjusting entry required if the amount of supplies on hand at the end of the year is $777.
Answers
Answer:
The adjustment is:
= Balance in supplies account - Supplies on hand
= 1,654 - 777
= $877
This amount will be sent to the Supplies expense account to show that it was incurred as an expense during the period but was not accounted for. Expenses are debited when they increase.
Date Account Title Debit Credit
XX-XX-XXXX Supplies expense $877
Supplies $877
Your uncle is sole pro-
prietor of a camera shop. You know much more about digital cameras than he does. He is looking for a
partner. What questions would you ask him before you would consider going into business with him?
Answers
Answer:
Does he know managerial and literacy work such as account book keeping, purchase and sale record keeping etc.
Explanation:
Because I will do the sale and purchase of the camera and other technical work myself.
Journalise the followung transactions.
Oct. 1. Paid rent for the month, $3,600.
3. Paid advertising expense, $1,200.
5. Paid cash for supplies, $750.
6. Purchased office equipment on account, $8,000.
10. Received cash from customers on account, $14,800.
15. Paid creditors on account, $7,110.
27. Paid cash for miscellaneous expenses, $400.
30. Paid telephone bill (utility expense) for the month, $250.
31. Fees earned and billed to customers for the month, $33,100.
31. Paid electricity bill (utility expense) for the month, $1,050.
31. Withdrew cash for personal use, $2,500.
Answers
Answer:
Explanation:
S/No Date Transaction Dr($) Cr($)
1 Oct.1 Rent Expense 3,600
Cash 3,600
2. Oct.3 Advert. Expenses 1,200
Cash 1,200
3. Oct.5 Supplies 750
Cash 750
4 Oct.6 Office equipment 8000
Accounts Payable 8,000
5 Oct.10 Cash 1 4,800
Accounts receivable 14,800
6 Oct.15 Accounts payable 7,110
Cash 7,110
7. Oct.27 Miscellaneous 400
Cash 400
8 Oct.30 Utilities Expenses 250
Cash 250
9 Oct 31 Accounts receivable 33,100
Fees earned 33,100
10 Oct.31 Utility Expense 1,050
Cash 1050
11 Oct.31 Drawings 2,500
Cash 2,500
Which quality management concept must be well-defined at the beginning of the project to help avoid rework and schedule delays?
Answers
The quality management concept which must be well-defined at the beginning of the project to help avoid rework and schedule delays is requirements.
Requirements managementRequirements management and quality management go hand in hand. Clear, well-defined requirements lead to less rework and schedule delays.In conclusion, we can conclude that the correct answer is requirements management.
learn more about Requirements management from here: https://brainly.com/question/4008023
5.6 Last month Quick Industries produced 900 units. This month they produced 1,264 units. What is the rate of change in production? a. 29.8% b. 32.8% c. 40.4% d. 60%
Answers
Answer: C. 40.4%
Explanation:
To find the rate of change in production, we can use the following formula:
Rate of change = (New value - Old value) / Old value * 100
Where,
Old value = Production of last month = 900
New value = Production of this month = 1264
Substituting the values in the formula,
Rate of change = (1264 - 900) / 900 * 100= 364 / 900 * 100= 0.404 * 100= 40.4%
Therefore, the rate of change in production is 40.4%, which is an option (c). I hope that this answer has helped you!
Answer:
The correct answer is C.
Explanation:
The rate of change in production is: (1264 - 900) / 900 = 0.404 or 40.4%. So, the correct answer is c. 40.4%
Fix the incorrect red boxes
Answers
Based on the given entries, the incorrect red box to be fixed is the Aug 1 entry of $0.
What should the Pain in capital - Common stock account look like?From the given transactions, the entries in the Paid in Capital in excess of stated value - Common Stock should be:
Credit ⇒ Jan. 10 $231,000Credit ⇒ Apr. 1 $9,500Credit ⇒ May. 1 $114,000Credit ⇒ Sep. 1 $42,000Credit ⇒ Dec 31 Bal $396,500There should be no entry on Aug 1 of $0 because the common stock issued matches the attorney fees of $36,000.
Find out more on excess paid in capital at https://brainly.com/question/25758206.
In which of these do homeowners own BOTH the home and the
land it sits on?
cooperative
timeshare
condominium
townhouse
Answers
Answer:
time share is the answer or townhous
1. Demonstrate understanding of the value of auditing in an economy and theories explaining the demand for auditing;
2. Discuss the role of auditing and other assurance services in society and the public’s expectation for these services.
3. Describe issues associated with the audit of public sector, not-for-profit and small business entities.
4. Critically evaluate the professional, legal, ethical and regulatory framework within which audits and other assurance engagements are carried out,;
5. Discuss current developments in auditing.
6. Audits can be categorized into different types: Like; (1) financial statement audits, (2) compliance audits, (3) operational audits, and (4) forensic audits.
Required: For each of the following descriptions, indicate which type of audit (financial statement audit, compliance audit, operational audit, or forensic audit) best characterizes the nature of the audit being conducted. Also indicate which type of auditor (external auditor, internal auditor, government auditor, or forensic auditor) is likely to perform the audit engagement.
a. Determine the fair presentation of Ajax Chemical’s balance sheet, income statement, and statement of cash flows.
b. Review the payment procedures of the accounts payable department for a large manufacturer.
c. Examine the financial records of a division of a corporation to determine if any accounting irregularities have occurred.
d. Evaluate a company’s computer services department in terms of the efficient and effective use of corporate resources.
e. Audit the partnership tax return of a real estate development company.
f. Investigate the possibility of payroll fraud in a labor union pension fund.
g. Examine contractual agreements with bankers and other lenders to be sure the company is complying with legal requirements
Answers
1. Auditing plays important role by providing assurance and credibility to financial statements which enhances investor confidence and promotes efficient allocation of resources.
Why is auditing important for the economy?Auditing is essential for the economy as it helps maintain trust and confidence in the financial information reported by businesses. By conducting independent assessments of financial statements, auditors provide assurance to stakeholders that the information is reliable and accurate.
This assurance is particularly valuable for investors, creditors, and other parties who rely on financial statements to make informed decisions. Auditing also helps detect and prevent fraud, mismanagement, and other financial irregularities and thereby safeguarding the integrity of the financial system.
2. Auditing and other assurance services play a vital role in society by providing independent evaluations of financial statements and other information enhancing the reliability and credibility of financial reporting.
3. Issues associated with the audit of public sector, not-for-profit, and small business entities include unique reporting requirements, limited resources etc.
4. The professional, legal, ethical, and regulatory framework surrounding audits and assurance engagements should be critically evaluated to ensure independence, competence, integrity, adherence to standards, and the protection of public interest.
Read more about auditing
brainly.com/question/24317218
#SPJ1
If I buy 4 books and 2 pens. 4 books: $14.29, $14.29, $13.29, and $9.29. Pens: $5.29 and $7.29. And I gave $60.00. The cashier gave me 32 cents back. Did the cashier give me the right amount of cash back?
(No need to add tax because for the 4 books and 2 pens already has tax added.)
Answers
Answer:
To determine if the cashier gave you the correct amount of cash back, we can calculate the total cost of the books and pens and compare it to the amount you paid.
The cost of the books is:
$14.29 + $14.29 + $13.29 + $9.29 = $51.16
The cost of the pens is:
$5.29 + $7.29 = $12.58
The total cost of the books and pens is:
$51.16 + $12.58 = $63.74
You gave the cashier $60.00, and the cashier gave you 32 cents back.
So the amount you received back from the cashier is:
$60.00 - $63.74 = -$3.74
Since you received a negative value, it indicates that you should have received $3.74 back instead of giving more money. Therefore, it appears that the cashier made an error and did not give you the correct amount of cash back.
Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
Answers
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
Learn more about bonds at brainly.com/question/25965295
#SPJ1
Your company, ABC Reading, writes unique Open- GLbased reading software for children in grade school. ABC employs about 30 sales representatives who interact with school districts around the nation to sell and support your software. ABC has given each sales representative a powerful laptop on which to demonstrate your 3D software to principals and district representatives. Because of the nature of their jobs, sales reps are constantly connecting their laptops to school and hotel networks during the day and to your corporate network via VPN. You are worried about viruses and worms entering your corporate network through one of their laptops. What protections and preventions would you take to guard against this?
Answers
Answer: See explanation
Explanation:
To guard against viruses and worms from entering the corporate network through one of their laptops, it is important that anti-virus software should be installed into the system and the software should be updated regularly.
Furthermore, firewall can help in the prevention of unauthorized access to the system. Data encryption can also be done in order to prevent day piracy.
Lastly, strong passwords and security protocols can be utilized as well.
Vaughn Manufacturing had the following accounts and balances: Accounts payable $28800 Equipment $35600 Accounts receivable 5300 Land 34400 Buildings 98500 Unearned service revenue 10400 Cash 15350 Total stockholders' equity ? If the equipment was sold for $35600, what would be the total of stockholders' equity? $64400 $139550 $90650 $149950
Answers
Based on the value of the various accounts of Vaughn Manufacturing, the total stockholders' equity would be D. $149,950
What is the total stockholders' equity?First find the total assets:
= Equipment + Land + Building + Accounts receivable + Cash
= 35,600 + 34,400 + 98,500 + 5,300 + 15,350
= $189,150
Liabilities would be:
= Accounts payable + Unearned service revenue
= 28,800 + 10,400
= $39,200
Equity is:
= 189,150 - 39,200
= $149,950
Note: The sale of equipment would not affect total asset value as cash would increase when equipment decreases.
Find out more on stockholders' equity at https://brainly.com/question/14032844.
#SPJ1
FIllmore Company began operations on Sept. 1 by purchasing $6000 of inventory and $600 of cleaning supplies. During the month, the company generated $7500 of sales revenue. On Sept. 30, the company had $2100 of inventory remaining, along with $400 of cleaning supplies. What was FIllmore Company's gross profit for the month of September
Answers
Answer:
$3,600
Explanation:
For the computation of gross profit first, we need to determine the cost of goods sold which is shown below:-
Cost of goods sold = Purchases - Ending inventory
= $6,000 - $2,100
= $3,900
Gross profit = Sales - Cost of goods sold
= $7,500 - $3,900
= $3,600
Therefore for computing the FIllmore Company's gross profit for the month of September we simply applied the above formula.
An analyst observes a GUI & Co 6.25%, 5 year semi-annual pay bond trading at 104.764% of par (where par = $1,000). The bond is callable at 102 in 3 years and putable at 99 in 3 years. #3: what are the bond's current yield and yield to maturity? #4. What's the bond's yield to call and put? EC: Do you expect that the bond would be called and/or put? Why or Why not?
Answers
Answer:
3) the bond's current yield = ($31.25 / $1,047.64) x 2 = 5.97%
the bond's YTM = {31.25 + [(1,000 - 1,047.64) / 10]} / [(1,000 + 1,047.64) / 2] = 26.486 / 1,023.82 = 2.587% x 2 = 5.17%
4) bond's YTC = {31.25 + [(1,020 - 1,047.64) / 6]} / [(1,020 + 1,047.64) / 2] = 26.64 / 1,033.82 = 2.577% x 2 = 5.15%
bond's YTP = {31.25 + [(990 - 1,047.64) / 6]} / [(990 + 1,047.64) / 2] = 21.64 / 1,018.82 = 2.124% x 2 = 4.25%
EC) Since the bond's coupon rate is higher than the market rate, it is being sold at a premium. Since the call price is lower than the market price, they will probably be called.
Should entrepreneurs be charged less taxes?
(Subject: Economics)
Answers
Answer: No.
Explanation: they should be charged the same amount as everyone else
Kensington, Inc. is considering an investment in new equipment. The equipment has a payback period of 5.25 years and it has equal annual cash flows. The equipment has no salvage value will be depreciated straight-line over its 8-year useful life. If the new equipment’s initial cost is $33,600, what are the equal annual cash flows?
Answers
The equal annual cash flows come out to be $6,400 when the payback period is 5.25 years and the cost of equipment is $33,600.
What is a payback period?The payback period is a method of capital budgeting that tells about how many years the invested amount is recovered back.
Given values:
Payback period: 5.25 years
Cost of equipment: $33,600
Computation of equal annual cash flows:
\(\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\rm\ Cost \rm\ of \rm\ equipment}{\rm\ Payback \rm\ period} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\frac{\$33,600}{5.25 years} \\\rm\ Equal \rm\ annual \rm\ cash \rm\ flows=\$6,400\)
Therefore, when the investment in equipment is $33,600 and the payback period is 5.25 years then the annual cash flows come out to be $6,400.
Learn more about the payback period in the related link:
https://brainly.com/question/17110720
#SPJ1
 17 What is the share price when the price-to-earnings (P/E) multiple of a comparable company is 6.5
Answers
If the P/E ratio is 6.5 the share price of the company can be determined if the earnings per share or the total earnings and the total number of shares of a company.
What is Share Price?Share price is the price quoted in the market for the exchange of 1 share of the company. Company have a large number of ordinary shares, which is circulated in the stock market where the shares are purchased by individuals.
If the Earnings per share ratio is available the share price can be determined as the P/E ratio is Price over Earnings ratio.
Share Price is divided by the Earnings per share to calculate the P/E ratio which is 6.5 in the given question.
The price should be considered as x and the earnings per share to be multiplied by the P/E ratio that is 6.5.
Learn more about Share Price at https://brainly.com/question/27175709
#SPJ1
The country risk premium will increase if
a) The economic position of the country stable
b) The economic position of the country unstable
c) From one year to another
d) If the political status become stable
Answers
The country risk premium will increase if: option B. The economic position of the country is unstable.
What is the effect of an unstable economic position?An unstable economic position increases the perceived risk of investing in a country, which leads to an increase in the country risk premium. Economic instability can take many forms, including high inflation, high unemployment, high levels of government debt, low economic growth, and currency devaluation, among other factors.
a) If the economic position of the country is stable, it would generally lead to a decrease in the country risk premium.
c) Changes from one year to another may impact the country risk premium, but it would depend on the nature of the change and its impact on the economic stability of the country.
d) While political stability is an important factor in determining the country risk premium, it is not the only factor. Political stability alone may not be sufficient to decrease the country risk premium if economic instability persists.
learn more about country risk premium: https://brainly.com/question/13026933
#SPJ1
Discuss the challenge created for financial accountants by the presence of uncertainty.
Answers
Uncertainty creates challenges for financial accountants in accurately measuring, reporting, and disclosing financial information.
The presence of uncertainty poses significant challenges for financial accountants. Uncertainty refers to the lack of predictability or reliability in future events or outcomes, which makes it difficult to accurately measure and report financial information. Here are some key challenges created by uncertainty:
Measurement and valuation: Uncertainty makes it challenging to determine the appropriate measurement and valuation of assets, liabilities, revenues, and expenses.
Financial accountants must make estimates and judgments based on available information, assumptions, and professional judgment. However, the accuracy of these estimates may be compromised by the inherent uncertainty.
Financial statement presentation: Uncertainty affects the presentation of financial statements. Accountants must disclose the nature and extent of significant uncertainties that could impact the company's financial position and performance. However, determining which uncertainties are material and require disclosure can be subjective and complex.
Risk assessment: Uncertainty introduces risk into financial reporting. Accountants need to assess and manage risks associated with uncertain events, such as changes in market conditions, legal disputes, or environmental factors. They must consider the potential impact of these risks on financial statements and disclose them appropriately.
Forecasting and decision-making: Uncertainty makes forecasting and decision-making challenging for financial accountants. They need to analyze financial data and projections while considering the potential impacts of uncertain factors.
This requires them to use sophisticated models, scenario analysis, and sensitivity analysis to assess the range of possible outcomes.
Regulatory compliance: Financial accountants must comply with accounting standards and regulatory requirements. Uncertainty adds complexity to compliance efforts, as new and evolving regulations may require additional disclosures or adjustments to financial statements to reflect uncertain events or future obligations.
For more such question on accountants. visit :
https://brainly.com/question/26690519
#SPJ8
For 2021, Sherri has a short-term loss of $2,500 and a long-term loss of $4,750. a. How much loss can Sherri deduct in 2021?
Answers
Based on the information given the amount of loss that Sherri deduct in 2021 is $3,000.
Short-term loss and long-term lossSince he had both short-term loss and long-term loss the amount of loss that is deductible is $3,000 of capital loss. ($1,500 each for married filing separately).
Both the short-term loss and the long-term loss are combined up to the limit of the amount of $3,000 and the capital loss in excess of the amount of $3,000 are carried forward to following year.
Inconclusion the amount of loss that Sherri deduct in 2021 is $3,000.
Learn more about short-term loss and long-term loss here:https://brainly.com/question/25117603
The Donut Stop acquired equipment for $23,000. The company uses straight-line depreciation and estimates a residual value of $3,400 and a four-year service life. At the end of the second year, the company estimates that the equipment will be useful for four additional years, for a total service life of six years rather than the original four. At the same time, the company also changed the estimated residual value to $2,000 from the original estimate of $3,400.Required:Calculate how much The Donut Stop should record each year for depreciation in years 3 to 6.Cost of the equipment:Less: accumulated depreciation (year 1 & 2):Book value, end of year 2:Less: new residual value:New depreciable cost:Remaining service life:Annual depreciation in years 3 to 6
Answers
Answer:
$2,400
Explanation:
Cost of equipment = $23,000
Residual value = $3,400
Useful life = 4 year
Formula for Annual Depreciation will be:
Annual depreciation = (Cost price - Residual value)/Useful life
Hence,
= (23,000 - 3,400)/4
= 19,600/4
= $4,900
The Accumulated depreciation for year 1 and year 2 will be
= 4,900 x 2
= $9,800
Cost of equipment 23,000
Less : Accumulated depreciation for year 1 and year 2 (9,800)
Book value, end of year 2 13,200
Less : Residual value (2,000)
New depreciable cost 11,200
Remaining service life 4
Annual depreciation in year 3 to 6 (11,200/4) $2,400
HELP ASAP I WILL GIVE BRAINLIEST
Answers
Answer:
Small Business= 4
Entrepreneur= 2
Sole Proprietor= 1
C-Corporation= 5
Franchise= 3
Explanation:
hope this helps