Taxable income if gross profits on sales given
Trail Corporation has gross profits on sales of $140,000 and deductible expenses of $180,000. In addition, Trail has a net capital gain of $60,000. Trail's taxable income is :
a) $20,000 loss.
b) $60,000.
c) $20,000.
d) $40,000 loss.
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Determine the amount of net capital loss carried back to each preceding tax year and the amount of capital loss, if any, available as a carryforward.
Evans Corporation has a $15,000 net capital loss in 2009. The corporation reported the following capital gain net income during the past three years. Identify which of the following statements is true. YearCapital Gain 2006$10,000 2007 11,000 2008
NOTE: Each month there is a 10% sales return on credit sales. The credit sales return does not affect the 25% collected. Prepare a schedule to show the cash receipts from sales and collections for the month of 2007.
find the solution for optimal units of labour and capital, L* and K*. Note: during solution, do not use values. For the same question, find the optimal units of Labour (L*) and Capital (K*) that will maximize Profit.
Suppose speculator liquidated the contract one month later, when the contract closed at $0.8600. If the initial margin for each Euro contract is USD2,000, what is the annualized return to the speculator in this contract (NOTE:calculate simple annu
Jackel, Inc. has the following information for the current tax year. Gross sales $350,000 Cost of goods sold 50,000 Dividends received (10%) 40,000 Operating expenses 30,000 Charitable contributions 45,000 What is Jackel's charitable contribution
Draw the consumer's budget line in the absence of the Food Stamp Program. What is the market rate of substitution between food and "all other goods"?
Helena purchases a condo and obtains a $250,000 fully amortizing level payment 15 year mortgage bearing an (annual) interest rate of 6.75%. How much will her monthly blended principal and interest payment be?
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