Dexter owns a large tract of land and subdivides it for sale. assume that dexter meets all of the requirements of § 1237 and during the tax year sells the first eight lots to eight different buyers for $113,000 each. dexter's basis in each lot sold is $79,100, and he incurs total selling expenses of $4,520 on each sale. what is the amount of dexter’s capital gain and ordinary income?
Answers: 2
Business, 22.06.2019 01:30
Juwana was turned down for a car loan by a local credit union she thought her credit was good what should her first step be
Answers: 1
Business, 22.06.2019 13:10
Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.
Answers: 3
Business, 22.06.2019 16:40
Differentiate between the trait, behavioral, and results-based performance appraisal systems, providing an example where each would be most applicable.
Answers: 1
Business, 22.06.2019 20:20
Xinhong company is considering replacing one of its manufacturing machines. the machine has a book value of $39,000 and a remaining useful life of 5 years, at which time its salvage value will be zero. it has a current market value of $49,000. variable manufacturing costs are $33,300 per year for this machine. information on two alternative replacement machines follows. alternative a alternative b cost $ 115,000 $ 117,000 variable manufacturing costs per year 22,900 10,100 1. calculate the total change in net income if alternative a and b is adopted. 2. should xinhong keep or replace its manufacturing machine
Answers: 1
Dexter owns a large tract of land and subdivides it for sale. assume that dexter meets all of the re...
Social Studies, 10.07.2019 21:30
History, 10.07.2019 21:30
Mathematics, 10.07.2019 21:30
Chemistry, 10.07.2019 21:30
Biology, 10.07.2019 21:30
Mathematics, 10.07.2019 21:30
English, 10.07.2019 21:30
English, 10.07.2019 21:30
Health, 10.07.2019 21:30
Mathematics, 10.07.2019 21:30
Business, 10.07.2019 21:30
Mathematics, 10.07.2019 21:30
Biology, 10.07.2019 21:30