Which of the following is not subtracted to arrive at the taxable value of an estate?
A. Funeral expenses.
B. Estate administration expenses.
C. Liabilities.
D. Charitable bequests.
E. Deduction for property conveyed to children of decedent.
Answer: E
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Qualitative factors are considered in the evaluation of capital investment proposals
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A company is planning to purchase a machine that will cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly throughout each year. A projected income statement for each year of the asset's life appears below. What is the payback period for this machine? Sales $90,000 Costs: Manufacturing$52,000 Depreciation on machine 4,000 Selling and administrative expenses 30,000 (86,000) Income before taxes $4,000 Income tax (50%) (2,000) Net income $2,000
A. 24 years. B. 12 years. C. 1 year. D. 4 years. E. 6 years.
_______ is a profitability ratio that computes the net income a firm makes per unit of sales.
A. Working capital B. Current ratio C. Return on sales D. Return on equity E. Earnings per share
The major advantage of Census of Population data is that they are available annually
Indicate whether the statement is true or false