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2 years ago

The term applied to the periodic expiration of a plant asset's cost is

1 answer:

4 0

<span>The term applied to the periodic expiration of a plant asset's cost over its life in a balanced and orderly way is depreciation. It is not process for valuation nor is process that results in gathering of cash. Land expenses are not subject to depreciation.</span>

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In 2019, Lou has a salary of $53,300 from her job. She also has interest income of $1,600 and dividend income of $400. Lou is si

Lemur [1.5K]

Answer: a. $52,300 b. $12,200 c. 0 d. $40,100

Explanation:

a. Given according to the IRS regulations of loss on investment (up to $3000)

Adjusted gross income: Salary received + Interest income received + dividend income received - loss on investment based on IRS regulations

= 53300 + 1600 + 400 - 3000

= $52,300 (Adjusted gross income)

b. Based on 2019 IRS increased filing status for Single individuals, The Standard deduction amount is $12,200

c. According to the 2019 IRS announcements, There are no personal exemption amount. This was set to zero (0) under the Tax Cuts and Jobs Act.

d. Going by the simple formula of:

Taxable Income = Adjusted Gross Income - Exemption - Standard Deduction

= 52300 - 0 - 12200

= $40,100 (Taxable Income)

I hope this helps.

4 0

2 years ago

Acceptance. Altisource Portfolio Solutions, Inc., is a global corporation that provides real property owners with services, such

baherus [9]

Answer:

Throughout the clarification segment elsewhere here, the definition including its issue is mentioned.

Explanation:

The very first e-mailed submission from Altisource that doesn't even dispute Lucas' suggestion would have been the proposal which most definitely meets the part of the arrangement to create a contract. It is when Altisource's e-mail was approved that they committed to it. Today, if a new arrangement with added provisions is presented two days after ratification, it can not be accepted as an aspect of the binding agreement.
If they could have some trouble with the arrangement, they could've just discussed the based distribution and therefore not approved the agreement. It would never be altered until they have approved it but the same could be known as either a contract arrangement.

5 0

2 years ago

Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $

Margarita [4]

Answer: See explanation

Explanation:

1. Calculate the profit margin

Profit Margin = (Net Income/Net Sales) × 100

Profit Margin = (4,500,000/13,800,000) × 100

Profit Margin = 3.26 × 100

Profit margin = 32.6%

2. Calculate the basic earnings power.

Gross Profit Margin:

= Gross Profit/Net Sales × 100

= (8,700,000/13,800,000) × 100

= 6.304 × 100

= 63.04%

3. Calculate the return on assets.

Return on assets= Net income/Total asset

= 4,500,000/53,800,000

= 0.0836

= 8.36%

4. Calculate the return on equity.

Return on equity = Net income/Equity

= 4,500,000/22,300,000

= 0.2017

= 20.17%

5. Calculate the dividend payout.

Dividend payout = Dividend/Net income

= 2,500,000/4,500,000

= 0.556

= 55.6%

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1 year ago

Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi

vazorg [7]

Answer:

D) 3.48

Explanation:

Current Year Sales = $700

Growth rate = 15%

Projected Sales=$700*15% +$700

Which is $805

Required inventory = $30.2 + 0.25*projected sales

Req.Inv = $30.2 + 0.25($805)

Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

$805/$231.45

Inventory turn over = 3.48 times

8 0

2 years ago

Lakeland Inc. employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that host

e-lub [12.9K]

Answer:

sense of mission marketing

Explanation:

Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.

In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.

4 0

2 years ago