Answer:
The answer is an offset against normal income of $3,000 and a NSTCL move forward of $3,900.
Explanation:
Solution
Given that:
The net short term capital loss=$9800
The net Long term capital gain=$2900
The net short term capital loss is =$6900
Thus
In this case, 3000 is allowed to be set off against ordinary income and the balance of (6900 - 3000) = 3900 can be moved forward or over.
Therefore Norris report implies that an offset against normal income of $3,000 and a NSTCL carry forward of $3,900.
Answer:1000
Explanation:
Equipment decreases $6000 ($10000-$4000). Accumulated depreciation decreases $9000 ($22000+4000-$17000). $10000 cost -$9000 accumulated depreciation = $1000 cash received from sale.
Answer:
66
Explanation:
When union workers vote to elect their representatives, the representative must be elected by a simple majority of the votes. A simple majority means 50% plus 1. In this case 50% of 130 votes = 65 votes plus 1 = 66 votes.
Exclusive representation is a legal status that allows the elected representative the legal right to represent the union workers in different situations, e.g. collective bargaining
Answer:
13.3 times per week
Explanation:
Inventory turnover helps to show how efficiently a company manages its inventory by comparing the cost of goods sold and the average inventory for a particular period. In other words, it measures how many times a company sold its total average inventory amount during a particular period. In this case, one week. This is an important assessment to ensure two things:
1. Inventory meets sales adequately and sales will not be affected by not having enough inventory.
2. Too much inventory is not held at one point, which would incur high storage and holding costs, and also wastage in terms of perishable inventory such as hamburger patties.
It is calculated as cost of goods sold / average inventory.
In this case, 6000 third - pound hamburgers are sold each week, with it costing $1.5 per pound.
6000 x 1/3 = 2000 pounds
2000 pounds x $1.5 = $3000 COGS per week.
Since average inventory is 450 pounds for two weeks, it would be 225 per week.
Hence, inventory turnover =
$3000 / 225 = 13.3 times per week
Answer:
By mentioning to be "a magical world where your dreams come true", Disney seeks to position its brand by appealing to the illusion of its youngest consumers, who believe and enjoy that magical world as they consider it to be real. In turn, it also targets a more adult audience, the parents of those children and even young adults who remember their childhood, and seek through Disney to return to that magical world far from the problems of daily life. Thus, through empathy and the generation of nostalgia, Disney captures a market that is receptive to its products due to the sentimentality they imply.
