ABC and DEF are asked by the ABC to handle the marketing of a benefit basketball game. Being avid fans, they readily accepted the offer and formed a joint arrangement. To achieve an equitable distribution of earnings the following agreement were as follows: The partner who finances the purchase of tickets shall be entitled to a 15% commission The partner who makes ticket sales shall be entitled to a 10% commission ▸ Any remainder was to be divided equally. After the game was over, the following information was obtained: ► ABC purchased tickets worth P152,250; DEF advanced P18,250 for expenses and also purchased a ticket for P50,000; and, Ticket sales made by ABC and DEF, respectively, were P244,000 and P53,000. Unsold ticket was used by ABC for his friends amounting to P25,000. Compute the amount to be received (paid) by ABC during the settlement.

Q: What is crj

A: Crj means cash receipt journal .

Q: 5. What information is shown on a W-2 statement?

A: W-2 is very important for paying the taxes and preparing the the income tax return and it is…

Q: Question 25

A: A theory that helps to compute the present or future value of the cash flows is term as the TVM…

Q: A figured out

A: Pre determined Overhead rate Calculation  Overhead cost  $      28,80,000 Divided By  Direct…

Q: How about the Question 3

A: The present value of growth opportunity is defined as the value of stock attributed to the earnings…

Q: What is the SML? What is the CAPM? What is the APT?

A: Security Market Line (SML):The Security Market Line (SML) is a graphical representation of the…

Q: WHAT'S THE ANSWER TO D, E AND F?

A: Given, Net nonoperating obligations (NNO) Return on equity (ROE) Nonoperating return component of…

Q: how this 0.625 comes ?

A: Coupon bond comes with semiannual coupons at a certain rate.  This is the amount of cash received in…

Q: What is MM Proposition I?

A: Modigliani and Miller’s approach is an element of economic theory and it forms the basis for modern…

Q: What is CAPM? How about APT?

A: CAPM and APT are two common models for pricing used in finance. These are explained below.

Q: Define the term realization principle.

A: Accounting: Accounting refers to the information system, where the economic activities of a…

Q: 1. Descibe JIT production and its features.

A: Just in time production represents the reduction in labor, material, and time so that the cost could…

Q: WHat ia 2 plus 2

A: Answer:

Q: Define Will.

A: A will is a legal document in which a person specifies how his property is going to be distributed…

Q: I Need Formulation

A: Part a: Contribution margin ratio for 2012=Net sales-Total variable costNet…

Q: M&M Proposition I and II using your own words.

A: M&M proposition means miller & Modigliani. It consists of 2 propositions. Proposition  I…

Q: Explain FIFO & LIFO

A: The answer is provided as follows:

Q: Q. 7 a) Discuss the main assumptions of CAPM theory. b) Discuss the theoretical and practical…

A: Capital Asset Pricing Model (CAPM) is used to calculate the required rate of return of an asset or…

Q: What is the difference between a Form 10–K and a Form 10–Q?

A: Answer:

Capital Gain

Any capital asset when sold can give the seller a higher or lower price from its purchase price leading to a capital gain or capital loss. The time period of holding an asset is decided based on if it is a long term or short-term capital gain. On that basis, the rate of taxation is decided if it is 20%, 15% or according to the tax brackets. The rate of taxation differs in the case of equity or debt, whether long or short term. The capital gain can be adjusted from capital loss to arrive at a net capital gain. The amount of gains and the exemption has to be reported in the tax return filed in the financial year in which the asset was transferred. The tax return can be filed quarterly, monthly, semi-annually or annually.