Loss on duplex
A non taxable bond would be better even with the $1,000 difference
In integrative problem 85 in Chapter 4, you were asked to calculate Carmins gross
income for 2011. This is the second phase, which provides the additional information
necessary for you to calculate her taxable income, income tax liability, and additional
In this instance I believe the better choice would be to operate as a corporation for a range of
reasons. First off this would mean that their liability would be limited, meaning that neither of th
In problem 89 in Chapter 9 and problem 74 in Chapter 10, the initial basis and the
adjusted basis of Emelio and Charitas assets were determined as of December 31, 2011.
During 2012, they have the following transactions related to the assets:
a. In June, a
Ordinary income from Grubstake Mining and Dev.
State tax refund
Real estate license
Car loan interest
2011 Tax Return accountant
Real estate tax
Complete this peer evaluation for each member of your team, including yourself. The
average score from these evaluations will be used in determining your final grade for the
Rate each team member on a scale of 1
57. Lydia owns 75% of Flower Farms, a partnership. She also owns land that she leases to
Flower Farms for $6,000 per month.
Our issue is whether the partnership can transact with a partner. Partners can transact at arm'slength with a partnership as long a
In this instance costs must be capitalized and amortized as needed over the life of the loan.
Her total capitalization of the building would be
As far as the interest she can deduct
for this current year since the points must also
In problem 89 of Chapter 9, you were asked to determine the initial basis of Emelio and
Charitas business, investment, and personal use assets. In this problem, you are to
determine the adjusted basis of the assets as of December 31, 2011. You should disc
Week 6 Homework 18-21
Multiple choice (5 pts each) (highlight or clearly mark your answer)
of the following will be included in manufacturing overhead costs?
Indirect labor and indirect materials
Salaries of salesmen
Tony and Susan are starting a retail business selling formal wear for men and women.
They estimate profits and losses for the next five years to be: ($20,000), ($10,000),
($5,000), $10,000, and $50,000 respectively. Susan will work full time in the store
The difference between the fair market value of the equipment ($20,000) and the purchase price
($16,000) must be recognized as income
Loss and deprecia
a. Dec. 31
b. Dec. 31
c. Dec. 31
d. Dec. 31
Accounts and Explanation
Record remaining prepaid insurance
Record remaining office supplies value.
Kinicki 4e Test Bank: Revised Questions Key
5. Automated telephone systems are often very effective, but are rarely efficient.
Answer: False Page: 5 LO: 1 Difficulty: Moderate AACSB: 4 BT:
Rationale: Automated telephone systems are
1 * (1+0.12)^2 =1.25
FV = = 1 * (1+0.06)^3 = 1.19
FV = 1 * (1+0.09)^2 = 1.19
FV = = 1 * (1+0.03)^4 =
For inflation rate =2%
Price of Car after 5 years =14000*(1+0.02)^5=$15457.13
For inflation rate =4%
Price of Car afte
A) What's their productivity?
120 boxes/ 40 hours per day = 3boxes per hour.
B) 125 boxes/ 40 hours per day = 3.125 boxes per hour.
C & D)
(3.125-3)/3.125 = an increase of 4% in boxes/ hour. Or, of 0.125 boxes per hour.
A) The labor productivity
Multiple choice questions
1) Which of the following will be included in manufacturing overhead costs?
A) Indirect labor and indirect materials
b) Salaries of salesman
c) Direct materials and direct labor
d) Delivery costs to ship goods to customers
Chapter 15 Monopoly Practice Exam
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers
Monopoly producers face
No competitive producers of the same product.
Many competitors producing the sam
A) Using accrual accounting and the preceding values
B) Using cash accounting and the preceding values
690-300 = 390
C) Which of these statements is more useful to the financial manager? Why?
Accruals method shows more of a realistic picture
Flexible Budget Performance Report
For the year ended July 31,2014
Flexible Budget Variance
Accounts and Explanation
Paid insurance in advance
To record office supplies remaining
31 Depreciation expense-Building
Medical Equipment Rent