Answer: C. $48,000 capital gain
Explanation:
To calculate the Gain or loss on the sale of Jackson's interest we will subtract his adjusted basis from the sale of his entire interest in the following manner,
Gain(loss) on sale of interest = Amount realised - Adjusted basis in partnership
= 112,000 - 64,000
= 48,000
$48,000 will be his Gain on the sale of his interest. It will also be considered CAPITAL as he does not have Hot assets like inventory just equity.
True! culinarian comes from the root word 'culinary'
1) demand deposit account.
2) Computer software.
3) Saved for emergencies.
4) A job.
5) It's far more difficult to manage an account electronically.
6) Checks written after the statement closing date wouldn't appear on the statement.
7) When a check is drawn for more than the balance, the rest comes from a credit card account.
8) The account holder does not need to record the amount of the purchase in his or her check register.
9) All the above.
10) Easier.
Answer:
Check the explanation
Explanation:
C(x) = 0.06x^2 - 6x + 218
Its a quadratic function , minima would occur at vertex.
x is no. of digital cameras
x = -b/2a = -(-6/2*0.06) = 50 cameras
Minimum marginal cost : C(50) = 0.06(50)^2 - 6*50 + 218 = $ 68
