<span>A. Compute Bob's realized gain (loss) on the exchange.
$320,000 + $40,000 + $80,000 = $440,000 - that is selling price
$440,000 - $240,000(basis) = $200,000 - that is realized gain
B. Compute Bob's taxable recognized gain.
$200,000 / $440,000 = 45.45%
($40,000 + $80,000) * 45.45% = $54,544
C. Compute Bob's basis in the land.
$(440,000-120,000) / $440,000 = 72.72%
$240,000 * 72.72% = $174.545</span>
Answer:
The correct answer is A
Explanation:
The current liabilities is computed as:
Current Assets (CA) = Quick assets (QA)+ Inventory (I)
CA = QA + $49,000
Acid test ratio = Quick assets / Current Liabilities (CL)
2.8 = QA / CL
QA = 2.8 × CL
Current Ratio (CR) = CA / CL
3.5 = CA / CL
Putting CA = QA + Inventory
3.5 = ( QA + $49,000) / CL
Now, Putting QA = 2.8 × CL
So,
3.5 = [( 2.8 × CL ) + $49,000] / CL
3.5 = 2.8 CL / CL + $49,000 / CL
3.5 = 2.8 + ($49,000 / CL)
3.5 - 2.8 = $49,000 / CL
0.7 = $49,000 / CL
CL = $49,000 / 0.7
CL = $70,000
Answer:
o identify the reasons for switching of clients to B&S , we shall first examine our weaknesses and loopholes toward the valuable clients. It will give us some basics like pricing policies, benefits to the clients, strongest part of our immediate competitor, style of our services team and managers etc.
After knowing the possible reasons of customers switching to other business, i will start improving our offerings. I will make a team of client service officers who will carefully contact the existing as well as older clients and make them assure to reorder with our business as our offerings have more advantages to them. We shall offer them cost advantage, product's increased benefits, revival of their plans and requirements and door step delivery and 24×7 hours services. I will give competitive discounts on bulk order . Even , we shall give them better credit facilities which will attract more clients to associate with our offerings.
I think that clients will again back for our products and services . We shall welcome them again with improved products and services. I hope that the sales turnover and market share of our organization will increase day by day with respect to our immediate competitor.
The calculation of portfolio beta is done by simply multiplying the percentage of each portfolio with each beta and summing up all the products afterwards.
For intel:
= ($20,000/$50,000)(1.3) = <em>0.52</em>
For GE:
= ($12,000/$50,000)(1) = <em>0.24</em>
For Con Edison:
Portfolio of Con Edison = $50,000 - ($20,000 + $12,000) = <em>$18,000</em>
= ($18,000/$50,000)(0.8) = <em>0.288
</em><em />The portfolio beta is:
<em> </em><em />PB = 0.52 + 0.24 + 0.288 = 1.048
<em>ANSWER: 1.048</em>
The tax laibility as calculated is $1036.
<u>Explanation:</u>
a.) Carson earnings $14000
Less: the Standard deduction $12000
Taxable income $2000
Tax liability $200
b.) Carson earnings $14000
Qualified dividend income $5000
Gross income $19000
less: Standard deduction $12000
Taxable income $7000
Taxable income taxed at carson rate $2000
($7000 minus $5000)
Ordinary Tax $200
Kiddie Tax is calculated as follows:
Gross unearned income
unearned income $5000
Kiddie tax up to 2600 $260
Kiddie tax for over and above 2600 $576
$836
Total tax liability ($200 plus $836) $1036