Answer: $50,000
Explanation:
Based on the scenario in the question, Jocelyn's basis in the property contributed will be:
Land = $60,000
Inventory = $5,000
Total = $65,000
We are told that the exchange is tax-free, hence, Jocelyn has income of $0.
Therefore, Jocelyn’s basis in Zion’s Corporation stock will be her original basis in property contributed which is $65,000 plus the gain of $0 and then we deduct the liability that was assumed by the corporation which $15,000. This will now be:
= $65,000 + 0 - $15,000
=$50,000
That would be the answer B.all the resources used to produce any goods and services
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After a firm has acquired insights and information from qualitative research, it might engage in <u>Quantitative research. </u>
<h3>What is Quantitative research?</h3>
This is research that involves using numerical data to find out more on a certain issue.
In business, after qualitative research is done, companies usually engage in quantitative research in order to support the results they found from the qualitative research with numerical data.
In conclusion, option A is correct.
Find out more on quantitative data at brainly.com/question/1716144.
Answer:
Actual manufacturing overhead = 195%
Budgeted manufacturing overhead rate = 180%
Explanation:
The computation of actual and budgeted manufacturing overhead rates for 2017 is shown below:-
Particulars Budgeted for 2017 Actual result for 2017
Direct material
cost $2,250,000 $2,150,000
Direct manufacturing
labor costs $1,700,000 $1,650,000
Manufacturing overhead
costs $3,060,000 $3,217,500
Actual manufacturing
overhead 195%
Budgeted manufacturing
overhead rate 180%
Therefore for computing the actual manufacturing overhead we simply divide the manufacturing overhead cost by direct manufacturing labor cost of actual result for 2017 while for computing the budgeted manufacturing overhead rate we simply divide the manufacturing overhead cost by direct manufacturing labor cost of budgeted for 2017.
