He must declare the sales proceeds. $1,000 gain on sale. Ken's stock sale proceeds | Amount | Sale Proceeds ($32 x 1,000 shares) | $32,000 | Less Selling Expenses | $0 | Amount Realized | $32,000 | Less Tax basis ($31 x 1,000 shares) | $31,000 | Gain on sale | $1,000 | c.) Ken received $25,000 from an annuity he purchased eight years ago. He purchased the annuity, to be paid annually for 20 years for $210,000. Gain of $14,500 Ken's Annuity | Amount | Total investment into annuity | $210,000 | Number of payments | 20 | Return on capital for the payments | $10,500 | Ken's
Question 5. (TCOs 3, 4, 5, & 7) During the past two years, through extensive advertising and improved customer relations, Beech Corporation estimated that it had developed customer goodwill worth $100,000. For the current year, determine the amount of goodwill Beech Corporation may amortize. Question 6. (TCOs 3, 4, 5, & 7) Damien, not a dealer in real estate, sold real estate with a basis of $250,000 for $500,000 cash, a note for $250,000, and the buyer assumed Damien’s mortgage on the property of $125,000.
Research and Development has been eliminated completely since last year. In the minutes of the meeting on June 30th, Mr. Lancaster said the quality of shoes was too high and people were not buying replacements fast enough. He therefore had Research and Development eliminated that year, and has used the space for a gym. Also in the minutes to the June 30th meeting, telephone and postage expenses are down as expected due to increased use of email.
Newcastle herald 23rd march 2013, More mining jobs axed, Whitehaven coal laid off 40 workers in NSW to deal with lower coal prices. The company lost $47 million in the first half of the financial year and is expected to be the same in the second half. As prices aren’t lowering and they are still trying to find ways to save money, more jobs will be redundant.800 workers have been sacked in just 6 months from Queensland, Brisbane, and NSW hunter valley. With all these job losses more and more families are having to find new homes and new jobs because they have no money. Newcastle herald 23rd march 2013, Apple blames record labels for high prices, Australia has to
Home Depot reported its AS&RE liability in fiscal year 2010 ending at $1,263,000 dollars and OAE liability ending fiscal year reported $1,589,000. The subsequent year AS&RE fiscal year ending reported $1,290,000 and the OAE listed it fiscal year endings at $$1,515,000. The AS&RE liability increased by $27,000 from 2010 to 2011 this is a direct reflection of Home Depot’s employment of over 300,000 associates worldwide. (Home Depot, 2011). Total Liabilities Home Depot reported its total liabilities for the ending fiscal year 2010 at $21,484,000, and the following year 2011 reported a fiscal year ending total of $21,236,000.
ASX & Media Release Thursday 12 September 2013 Myer Full Year Results ending 27 July 2013 Full year total sales up 0.8 percent to $3,145 million Operating gross profit up 1.8 percent to $1,312 million Operating gross margin up 40 basis points to 41.7 percent Net profit after tax down 8.7 percent to $127 million Full year dividend of 18 cents, fully franked FY2013 Financial Highlights Sales Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store sales basis Myer Exclusive Brands sales up $40 million to 20.0% of sales, Concessions up $18 million to 15.4% of sales Operating gross profit Operating gross profit up 1.8% to $1,312 million Operating gross profit margin up 40 basis points (bps) to 41.7% Earnings Cost of doing
xxxx Business Economics GM545 April 2007 Exercise 1: Macro/Micro Integration Information used in the Executive Summary was found in the following sites on April 21, 2007 Site 1: Bureau of Labor Statistics: http://www.bls.gov/eag/eag.us.htm Site 2: Conference Board: http://www.conference-board.org/economics/helpwantedonline.cfm Based on the data present in the listed websites, the overall U.S. economy, and especially the labor market, will continue to grow and continue in the current trend of low unemployment, probably continuing to fall to historically low levels of around 4.0%. Additionally, the most difficult to fill positions will continue to be in the "Management" and "Business and Financial Operations" areas. Our
Firefighters went on strike for four hours earlier this month in the first national walkout for a decade. The strike was a last resort after the government refused to accept bringing the firefighters pension down, and a warning shot that firefighters are serious about keeping a fair, safe and workable pensions scheme. Firefighters will not be fit enough to work to the retirement age of 60, The assess your level of fitness will be alot different at pension age. The government says the offer to firefighters is one of the "most generous in the public sector" and brings their pension age into line with the police and armed forces. This tells us that the economy as a whole is not taking in account of the fire service, and the risks of working till 66, there for the economy is not improving.
(1-3 sentences. 0.5 points) You cannot get out to get to work because you are down for 6-9 weeks from the surgery. This leads to no income coming in. c. What sorts of positive outcomes are possible for this type of risk? (1-3 sentences.
He gradually given up his hobbies and had become more quit. When he was 62 when leading a hike in an area he could not find the way home. He forgot appointments, and could not find his way around the area where he had lived for more than 40 years. He failed recognizing some good friends and lost interest in television and newspapers ((Butcher, Mineka, & Hooley, 2010). Explain How You Would Confirm a Diagnosis of Alzheimer's