Information about the assets of TAP Holdings is provided below:
• TAP purchased land on January 1, 2013 for $250 million. As of January 1, 2018, the fair value was estimated to be $290 million.
• TAP purchased a trademark on January 1, 2016 for $150 million. As of January 1, 2018, the fair value was estimated to be $80 million.
• TAP acquired a company on Jun 5, 2016 and recognized $880 million in goodwill as a result. A $140 million goodwill impairment was recognized at year end 2017.
• Assume a useful life of 5 years and the straight-line method for any depreciable or amortizable assets above.
Assume TAP reports under US GAAP. What is the total value of these assets reported on TAP's balance sheet as of January 1, 2018
a) $ 1,070 million
b) $ 890 million
c) $1,170 million
d) $1,140 million
Answers
Answer:
The total value of these assets reported on TAP's balance sheet as of January 1, 2018 is $ 1,070 million. The right answer is a
Explanation:
In order to calculate the total value of these assets reported on TAP's balance sheet as of January 1, 2018 we would have to make the following calculation with the following formula:
Total Value of Assets = Land at cost + Trade Mark at Fair Value + Goodwill after impairment loss
Note: Under the US Gaap the land is presented at Cost
Therefore, Total Value of Assets = $250 million + $80 million + ( $880 million-$140 million)
Total Value of Assets = $250 million+$80 million+$740 million
Total Value of Assets = $ 1,070 million
The total value of these assets reported on TAP's balance sheet as of January 1, 2018 is $ 1,070 million
Related Questions
Frictional and structural unemployment can be alleviated by implementing a supply-side policy such as 19) A) * decreasing government subsidies. B) increasing the power of trade unions. ) cutting back on business spending on educational training. D) the government giving tax breaks to companies locating in poor geographic areas.
Answers
Answer: the government giving tax breaks to companies locating in poor geographic areas.
Explanation:
A. O the trip to the beach
B. O music downloads
c. one hundred dollars
D. O a used car
Answers
Answer:
c
Explanation:
Explanation:
a the trip to the beach because ye
If a nation's economy is based primarily on businesses that produce goods rather than services, what would you expect to be true about the goods you buy?
A. Imported goods may cost less than domestic goods.
B. Domestic goods may not have the same quality as imported goods.
C. Imported goods may cost more than domestic goods.
D. Domestic goods may be less expensive in foreign markets.
Answers
You expect to be true about goods you buy is imported goods may cost more than the domestic goods.
What are imported goods?Imported goods are products and services that are brought into a country from another country for the purpose of trade or consumption. These goods can include raw materials, finished goods, machinery, technology, and even skilled labor. The importation of goods is a critical aspect of international trade, as it enables countries to access products and services that may not be available locally or that may be available at a lower cost. In addition, imported goods often provide consumers with greater choice and variety, which can help to stimulate demand and competition in local markets. However, the importation of goods can also have negative effects on local industries and jobs, as imported goods may be cheaper and more competitive than locally-produced goods.
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Communication response time must be faster than in the past to succeed in the modern workplace.
True
False
Answers
Answer:
TRUE
Explanation:
Answer:
true!
Explanation:
because it is
How do companies effectively go global?
Answers
Answer:
Some of the specific advantages presented by successfully growing globally include:
•You can extend the sales life of existing products and services by finding new markets to sell them in.
•You can reduce your dependence on the markets you have developed in the United States.
and more....
Explanation:
hope it helps......
6
Select the correct answer from each drop-down menu.
Complete the following statements.
A
entire amount at the end of the
allows consumers to make purchases at specific retailers using credit. Users of this type of card must pay the
Reset
Next
Answers
Complete the following statements.
A credit card allows consumers to make purchases at specific retailers using credit. Users of this type of card must pay the entire amount at the end of the billing cycle.
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Which of the following are the responsibilities of middle-level managers? (Choose every correct answer.)
Answers
To supervise workers over their day-to-day tasks. generally, middle- position directors are responsible for overseeing their brigades and workers to help a company negotiate its pretensions through design and platoon operation. They will apply programs and objects, and manage prospects with elderly- position operation.
What are the responsibilities of middle-level managers?Middle superintendences part is substantial and critical to the overall health of the association! Unfortunately, middle operation is overlooked, more frequently than not, as they're micromanaged or not allowed the capability to make opinions that lead to failures or successes. Middle directors MUST be grown, trained, chops developed, ideas allowed and trusted. Middle directors MUST be viewed as the unborn leaders of your association! Organic growth from within, and people moving through the species of the company, is the healthiest way to develop a culture from within.
Middle directors are assigned with running their departments, or divisions, and to execute the plays handed down from upper/ elderly position directors they make the business work daily. They're closest to thrills on the ground and their views, opinions, and fancies need to be taken seriously and openly by elderly leaders. Only by having a strong, stable and visionary middle operation platoon, can you look at the overall company as one which will achieve greatness.
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Explain debit and credit to a friend including why it is important to understand them in addition create a specific example to help your friend understand the explanation of debits and credits one of the accounts that make up owners equity is debit and credit an asset account explain the impact of these accounts
Answers
Every company transaction is built on the concepts of credit and debit, two crucial accounting tools. Always ensure that the sum of the debits equals the sum of the credits.
What is a credit?In the field of finance, this phrase can be used in a variety of ways, but generally speaking it refers to a contract whereby a borrower accepts a sum of money or something valuable in exchange for agreeing to pay the lender back at a later date, typically with interest. It typically refers to a bookkeeping entry for an accountant that alters the balance sheet of a business by either lowering assets or increasing liabilities and equity. The widely used idea of credit includes any arrangement to purchase an item or service with the express promise to pay for it later. The bank that issued the card pays the merchant in full and extends credit to the buyer so that they can reimburse the bank with interest over time.
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Provided travel services to group of travelers; they paid $22,500 now and will pay $4,500 later
Answers
Recording the transaction of providing travel services to the travelers, who paid $22,500 with a balance of $4,500 in the books of the Travel Services Corporation include:
Journal Entries:
Debit Cash $22,500
Debit Accounts Receivable $4,500
Credit Service Revenue $27,000
To record the provision of travel services for cash and on credit.Data Analysis:
Cash $22,500 Accounts Receivable $4,500 Service Revenue $27,000
Thus, the total service revenue recorded for this transaction is $27,000.
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Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
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Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
Answers
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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Mazu Mavuso is a 43-year-old South African resident who was employed by Veg & Fruit Limited, a South African company, until 30 November 2022. On 30 November 2022, Veg & Fruit Limited ceased its operations and the pension fund that Veg & Fruit Limited established for its employees also closed down. The Veg & Fruit Limited pension fund paid out R80 000 to Mazu Mavuso during the 2023 year of assessment. All Mazu Mavuso's pension fund contributions have been deducted in the determination of his taxable Income. Mazu Mavuso also decided to join a retirement annuity fund, to which he made a total contribution of R7 000 during the 2023 year of assessment. For the 2023 year of assessment, Mazu Mavuzo's receipts and expenses were as follow: Salary Director's fees earned Local dividends from South African companies Local interest from a non 'tax free investment' Pension fund contributions at 6.5% of his salary Retirement annuity fund contributions Qualifying medical expenses paid Donation to a qualifying section 18A Public Benefit Organisation R 720 000 110 000 45 000 24 500 ? 7 000 61 630 6 000 Calculate Mazu Mavuso’s taxable income for the 2023 year of assessment. (25 marks) 1.2) Calculate Mazu Mavuso’s total normal tax liability for the 2023 year of assessment. Assume that Mazu Mavuso had a taxable income of: • R770 900 before any retirement fund lump sum withdrawal benefits. • R843 900 after any retirement fund lump sum withdrawal benefits. (17 marks) Competency Framework Reference: E1.2 Interpretation of tax legislation b) Demonstrate the ability to apply the principles of tax interpretation to any new or unfamiliar tax legislation. E1.3 Application of tax legislation to calculate tax obligation a) Analyse the taxpayer’s tax profile. c) Apply the relevant law to the facts, determine the tax position and compute the tax payable (VAT or normal tax) for individuals and companies.
Answers
Explanation:
to calculated this question to solve
00 For Market failures means that the market has not achieved its optimum production outcome. This means that it has not produced the correct quantity of goods and services. QUESTION 1 Conduct a research to any small business that is manufacturing goods in your community. Make an appointment to interview the owner for the purpose of collecting the information using the questionnaire below. 1.1 General information: ● Name of the firm / business Specify the type of goods or service ● ● Position of the person interviewed ● Date of the interview 1,2 Explain briefly the negative impact the following factors have in your business. (10) Lack of information: ● Price discrimination Immobility of factors of production with special reference to: Physical capital Structural changes ● ● (1) ● (1) (1) (1) [14] QUESTION 2: Interview 3-4 community members that reside near the business you have visited. 2.1 Ask them to name any TWO negative externalities and TWO positive externalities caused by the local business, (2 x 2) (4) 2.2 Request them to list any TWO characteristics of public goods. (2 x 1) (2) 2.3 Use the negative externality and positive externality graphs to explain the impact this business have to the society (10) [16]
Answers
The first step in researching a small business in your neighborhood is to find a suitable nearby manufacturing company.
Once you do, contact the manager or owner to arrange an interview. Gather general information during the interview, such as the name of the company or business, what types of products or services they provide, the interviewer's position, and the time and date of the interview.
Then, focus on the detrimental effects different situations can have on the company. Briefly describe the impact on business of informational gaps, price discrimination, immobility of production variables (with a focus on physical capital), and structural changes.
Interview three to four locals who live close to the establishment you just visited. Ask them to list two unfavorable and two beneficial externalities brought about by the neighborhood business. Ask them to add two properties of public goods to the list as well.
Finally, use the data from the interviews to create graphs showing the positive and negative externalities of business on society. These infographics will graphically describe the costs and benefits that the company's neighborhood has.
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Wet wiping cloths should be laundered:
1. As needed
2.Twice Daily
3. Daily
4. Every 2 Days
Answers
Wet wiping cloths should be laundered as needed.
A Wet wiping cloths is a cleaning element that is generally used in humid areas such as the kitchen.
This cleaning element when used to clean the kitchen counter or other surfaces can trap bacteria so it is necessary to wash it as many times as necessary.
For example, if raw meat is handled on a surface, it is necessary to wipe it with a damp cloth to clean and disinfect it and then wash it and so it is used so many times to clean.
According to the above, the correct answer is A because it mentions the correct information. While the other options say exact amounts of the wet cloth wash to clean and this is not correct.
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Laura, an inventory manager, always maintains a certain quantity of goods as a buffer to utilize in times of emergency. Which technique of controlling inventory costs does Laura use?
A.
ABC classification
B.
just in time
C.
maintaining safety stock
D.
following economic order quantity
Answers
Answer:
C. maintaining safety stock
Explanation:
Safety stock refers to the minimum stock level that businesses would wish to maintain at all times. The safety stock level assures a business does not experience stock out. Every time stock approaches the safety stock level, an order should be placed to replenish inventory. Businesses that apply the concept of safety stock do not allow the inventory to go below the level marked at safety stock.
The safety stock method requires inventory to be ordered when it approaches safety stock. Allowing inventory to drop below the safety stock is risking running out of stock leads to halting production.
Answer:
C. maintaining safety stock
Explanation:
I just took the test on Edmentum/Plato and got the answer right
1. Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
(a) None of the homes are owned by Agent Ryan
(b) Ryan discloses to Broker Bradley that he will show homes listed by XYZ Realty
(c) Delia gives verbal consent to see homes listed by XYZ Realty
(d) Delia has given written Intermediary consent
Answers
Ryan can show Delia homes listed with XYZ Realty and other brokers in the market if:
Delia has given written Intermediary consent Delia gives verbal consent to see homes listed by XYZ Realty None of the homes are owned by Agent RyanWhen can homes be shown in the marketDelia gives verbal consent to see homes listed by XYZ Realty: This condition highlights the significance of Delia's consent. If Delia explicitly gives verbal consent to Ryan, it signifies that she is comfortable with viewing homes listed by XYZ Realty. Delia's consent is crucial in allowing Ryan to proceed with showing homes from XYZ Realty.
(d) Delia has given written Intermediary consent: This condition specifically refers to written consent in the form of an intermediary agreement. In some cases, Delia may choose to engage Ryan as an intermediary, authorizing him to show homes listed by multiple brokers, including XYZ Realty.
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Which of the global PR strategies does the Coca-Cola website use
your discussion with examples from the website.
Answers
Coca- Cola uses a combination of global PR strategies on its website. The company has historically employed the standardization approach.
Presenting a harmonious brand communication and image across all requests. Coca- Cola also adapts its communication to specific original requests following the localisation strategy. On its website, Coca- Cola features elevations, events, and marketing campaigns that appeal to indigenous requests while still adhering to the company's core values. also, Coca- Cola recognises artistic differences, employing across-cultural strategy in its global communication.
By exercising these approaches, Coca- Cola can maintain a consistent brand identity while connecting with different consumers across various requests.
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Mark Goldsmith's broker has shown him two bonds issued by different companies. Each has a maturity of 4 years, a par value of $1000, and a yield to maturity of 8.70. The first bond is issued by Crabbe Waste Disposal and has a coupon interest rate of %6.315 paid annually. The second bond, issued by Malfoy Enterprises, has a coupon interest rate of 8.90 % paid annually.
a. Calculate the selling price for each of the bonds.
Answers
1. Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
2. Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
How can we calculate the selling price (SP) for each bond?Bond 1: Issued by Crabbe Waste Disposal
Coupon Interest Rate (CIR) = 6.315%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
To calculate the selling price of Bond 1, we can use the following formula:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 6.315%
PV = $1000
YTM = 8.70%
n = 4 years
SP for Bond 1 = (6.315/100) * 1000 + [(1000 - (6.315/100) * 1000) / (1 + 8.70/100)^4]
SP = $632.36 + $398.72
Selling Price of Bond 1 issued by Crabbe Waste Disposal = $1031.08
Bond 2: Issued by Malfoy Enterprises
Now, let's calculate the selling price for Bond 2 issued by Malfoy Enterprises.
Coupon Interest Rate (CIR) = 8.90%
Yield to Maturity (YTM) = 8.70%
Maturity (n) = 4 years
Par Value (PV) = $1000
Using the same formula as above:
SP = (CIR/100) * PV + [(PV - (CIR/100) * PV) / (1 + YTM/100)^n]
Putting the values:
CIR = 8.90%
PV = $1000
YTM = 8.70%
n = 4 years
SP of Bond 2 = (8.90/100) * 1000 + [(1000 - (8.90/100) * 1000) / (1 + 8.70/100)^4]
SP = $889 + $380.50
Selling Price of Bond 2 issued by Malfoy Enterprises = $1269.50
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Evaluate the recruitment processes used and how they contribute to the success of tescos.
Answers
Given below is an evaluation of the company’s evaluation process, along with the manner in which they contribute to the company’s success.
Tesco recruits candidates in the following six stages:
The company identifies the need for recruiting a candidate and formulates a job description according to the company’s requirements from the new employee. This contributes to providing an opportunity for the company to welcome new employees with new talent.
After the identification of employee requirements, the entire recruitment process is planned. This prepares the recruiter to understand the traits to be observed in a potential employee.
Tesco advertises the information using relevant media to ensure that sufficient people are informed about the fact that there is a vacancy in the company. This helps in connecting the recruiters with the candidates looking for a suitable job.
Tesco receives the applications from interested candidates and assesses them to identify the ones who qualify for the job. After a thorough assessment, the candidates are interviewed. This helps in identifying the right fit for the job.
The employees who fulfill all the requirements at the interview stage are finally selected and an offer of employment is made to them. This helps in starting the process of training as soon as possible.
The selected candidates are given sufficient training. This ensures that the new recruits do not face any issues at the workplace.
The recruitment process adopted by Tesco consists of various stages which contribute to the success of the company because the candidates who are not fit for the job are eliminated at each step. Moreover, the new recruits are thoroughly interviewed to ensure that they are willing to work at the position offered to them. The detailed training process also helps in monitoring the performance of the employees because detailed training makes sure that the new recruits are made aware of the work expected from them.
Geoffrey brought $50,000 into his business at the start of the accounting period. During the year, he needed $5,000 for a personal emergency. He borrowed this money from the business’s accounts. Under which accounting heads will the business record these transactions?
Geoffrey’s business will credit $50,000 to the
account and debit $5,000 from the
account.
Answers
Answer:
50,000 would be Capital and 5,000 would be drawings.
Explanation:
Which of the following shows the correct order in which organs take part in the process of digestion? (5 points) Esophagus, mouth, stomach Mouth, esophagus, stomach Mouth, stomach, esophagus Stomach, mouth, esophagus
Answers
Answer:
Mouth, esophagus, stomach
Explanation:
What should you do when you open a checking account?
A) Open a savings account and link it to your checking account.
B)Try to sign up for true overdraft protection, even though you have to pay
for it.C. Both A and B.
Answers
Answer: both a and b
Explanation:
Viewing a failed attempt as merely part of the process and a useful way to gain knowledge and become successful is known as
Answers
Viewing a failed attempt as merely part of the process and a useful way to gain knowledge and become successful is known as having a growth mindset.
It is the understanding that failure and setbacks are not indicative of one's fixed abilities, but rather opportunities for growth and improvement. Instead of viewing failure as a negative outcome, individuals with a growth mindset see it as a stepping stone toward success.
When someone embraces a growth mindset, they approach challenges with resilience and a willingness to learn from their mistakes. They understand that failure is not the end of the road but rather a chance to analyze their actions, identify areas for improvement, and adjust their strategies accordingly.
By adopting a growth mindset, individuals are more likely to persevere through obstacles, take risks, and continuously develop their skills. They view failure as valuable feedback and use it as a tool to gain knowledge and insights that can propel them forward in their journey toward success. This mindset fosters a sense of optimism, curiosity, and a love for learning.
Cultivating a growth mindset can lead to personal and professional growth, as it encourages individuals to embrace challenges, persist in the face of obstacles, and develop a lifelong love for learning and self-improvement. It allows individuals to harness the power of failure as a catalyst for growth and ultimately increases their chances of achieving success.
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What kinds of barriers get in the way of "following your dreams"?
Answer: A. Individuals may not have the talents or resources to simply do whatever they dream of doing.
Answers
The kind of obstacles that prevent people from "following their ambitions" It's possible that some people lack the skills or resources necessary to pursue their dreams.
What kinds of skills are examples?making excellent choices despite having little knowledge. recognizing other people's viewpoints and interacting with various types of people successfully. Setting objectives, keeping track of progress, and making an effort to enhance your job. generating original answers and imaginative concepts to address issues.
What does human resources talent mean?Talent management, which includes a variety of HR procedures throughout the employee life cycle, is the attraction, selection, and retention of personnel. It includes hiring, onboarding, succession planning, learning and development, performance management, workforce planning, and employee engagement.
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Answer:
Individuals may not have the talents or resources to simply do whatever they dream of doing.
Explanation: Just took the test
What is the purpose of the loans made by the World Bank?
promote sustainable development
stabilize the currency exchange market
generate revenue for the united nations
get countries to accept free trade policies
Answers
Answer: promote sustainable development
Explanation:
The purpose of the loans made by the World Bank is to promote sustainable development.
The World Bank is owned by many nations 187 countries and its main role is to help on the reduction of poverty, improve the people's standard of living and also bring about economic growth and development.
Explain in two ways how your community can support the 16days of activism
Answers
Hosting events and creating social media campaigns are just two ways that your community can support the 16 days of activism campaign. By coming together and taking action, we can create a safer.
The 16 days of activism is a global campaign that aims to raise awareness about gender-based violence and empower individuals to take action against it.
Hosting Events: One way to support the 16 days of activism is by hosting events in your community. These events can range from panel discussions, workshops, film screenings, and rallies.
By hosting these events, you can bring together members of your community to discuss the issue of gender-based violence, share their experiences, and brainstorm ways to address it. Additionally, hosting events can help to raise awareness about the campaign and encourage more people to get involved.
Social Media Campaigns: Another way to support the 16 days of activism is by creating social media campaigns. Social media has become a powerful tool for advocacy, and you can use it to raise awareness about gender-based violence and the 16 days of activism campaign.
You can create posts that highlight the importance of the campaign, share stories of survivors of gender-based violence, and encourage others to take action. By creating social media campaigns, you can reach a wider audience and inspire more people to get involved in the fight against gender-based violence.
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which stage of short run production is efficient? why?
Answers
The range of variable input employment where marginal utility of variable factor is dropping yet positive is efficient area of production located. This manufacturing stage is rational or economic stage.
What exactly is a job?A compensated cooperative work agreement here between recruiter and also an employee is called an employment. This phrase refers to a person who is hired by an organization to perform labor or duties in exchange for a wage or other kind of payment.
What is the name of employment?The terms business, calling, métier, profession, pursuit, and work are some frequent synonyms for employment. Employment denotes labor in which one has been hired and is receiving compensation from an employer, despite the fact that all of these phrases refer to "a specific ongoing activity engaged in expressly to earn one's livelihood."
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Company A purchases Company B. This is a 100% equity purchase which means that Company A acquires all of the Company B assets and assumes the liabilities of Company B.
Calculate the value of goodwill recognized in the acquisition. Round to the nearest whole dollar and do not include the dollar sign ($).
Assume the current market value of tangible physical assets is $1,234,567 (determined by Company A as at the acquisition date) the current market value of the only identifiable intangible asset (a customer list) is $125,000 (determined by Company A as at the acquisition date) Operating (non-Financial) liabilities have an appraised value of $160,000 before and after the acquisition. Financial Liabilities were appraised by company B to be valued at $600,000 immediately Before the acquisition. Financial Liabilities were appraised by Company A to be valued at $495,000 immediately After the acquisition. There are no other assets or liabilities to consider than those presented above Company A paid $812,000 cash for Company B.
Answers
Answer:
Company A and Company B
Calculation of Goodwill on Acquisition:
= $212,433
Explanation:
a) Current market value of:
Tangible physical assets = $1,234,567
Intangible asset = $125,000
Total assets' value = $1,359,567
less Liabilities:
Operating = $160,000
Financial = 600,000 ($760,000)
Net value of assets = $599,567
Purchase Price (Company B) $812,000
Goodwill $212,433
b) Company A acquired Goodwill when it bought over Company B. This is an intangible asset which is calculated by subtracting the net value of assets (the difference between the fair market value of the assets and liabilities) from the purchase price of the acquired subsidiary.
When the quantity of coal supplied is measured in kilograms instead of pounds, the demand for coal becomes
Answers
Answer:
the quantity of coal becomes more elastic
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
Answers
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.