Business, 23.07.2019 00:30 kaperry

This year, sigma inc. generated $620,250 income from its routine business operations. in addition, the corporation sold the following assets, all of which were held for more than 12 months. initial basis acc. depr.* sale price marketable securities $ 152,400 $ 0 $ 65,000 production equipment 100,400 80,320 36,500 business realty: land 216,750 0 227,500 building 212,000 63,600 224,000 *through date of sale. compute sigma’s taxable income assuming that it used the straight-line method to calculate depreciation on the building and has no nonrecaptured section 1231 losses. recompute taxable income assuming that sigma sold the securities for $160,800 rather than $65,000.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 20:40

Astock is selling today for $50 per share. at the end of the year, it pays a dividend of $3 per share and sells for $58. a. what is the total rate of return on the stock? (enter your answer as a whole percent.) b. what are the dividend yield and percentage capital gain? (enter your answers as a whole percent.) c. now suppose the year-end stock price after the dividend is paid is $42. what are the dividend yield and percentage capital gain in this case? (negative amounts should be indicated by a minus sign. enter your answers as a whole percent.)

Answers: 1

Answer

Business, 22.06.2019 21:00

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be:

Answers: 3

Answer

Business, 23.06.2019 00:40

An upper-middle-class manager tends to have hostile relationship with the working-class employees in the firm because of his tendency to perceive himself as superior to them based on his class background. in this example, the manager exhibits: question 14 options: 1) class consciousness. 2) cultural awareness. 3) social mobility. 4) group orientation.

Answers: 3

Answer

Business, 23.06.2019 09:00

In command economy, who makes production decisions? a. workers b. producers c. consumers d. the government

Answers: 1

Answer

You know the right answer?

This year, sigma inc. generated $620,250 income from its routine business operations. in addition, t...

Questions