Answer:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
=
On substituting the given values, we get
=
=
=
= ($)
Answer:
Bad debt expense for 2021 as a percent of net credit sales is $79,900
Explanation:
The computation of the bad debt expense is shown below:
= Net credit sales × estimated bad debt percentage
= $4,700,000 × 1.70%
= $79,900
All other information which is given in the question are not related to the bad debt expense as it is an estimated bad debt percentage of the net credit sales Hence, we ignored it
In the near run, the firm should keep producing because the price is higher than the average variable cost. In economics, the variable cost per unit is known as the average variable cost. Variable cost is divided by the output to derive the average variable cost.
In the short term, the firm use the average variable cost to determine whether to stop production. The variable cost per unit of total product is known as the average variable cost (AVC) (TP). Divide variable cost at a given total product level by total product to compute AVC. This computation is used to calculate the cost per unit of output.
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Most likely because they are directly financially benefiting from a financial managers good performance through their shares of stock.
Answer:
McDonalds reacts ethically as an example
Explanation:
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