The set of skills composed of understanding yourself, managing yourself, and dealing effectively with others is called

An office building with an adjusted basis of $320,000 was destroyed by fire on December 30, 2013. On January 11, 2014, the insur

STALIN [3.7K]

Answer:

i. $40,000

ii. $410,000

iii. 180 days after July 12, 2015

Explanation:

i. The taxpayer's recognized gain is $40,000 ($450,000 -$410,000). The cost of the new office - the amount received from the insurance company.

ii. The taxpayer's basis for the new office is the cost of purchasing the new office building which is $410,000.

iii. Taxpayers can qualify for deferral treatment if they reinvest proceeds into a QOF (Qualified Opportunity Funds) within 180 days of receiving the gain. Because the new office was purchased on July 12, this is the applicable date.

6 0

3 years ago

Adger Corporation is a service company that measures its output based on the number of customers served. The company provided th

sergeinik [125]

Answer:

1. Total Revenue in May $ 175,000

2. Total Salaries & wages For May $ 88500

3. Total Travel Expenses for May $21,000

4. Other Expense $ 36,000

5. Operating Income $ 65,500

Explanation:

Given

Adger Corporation

Fixed Element Variable Element Actual Total

per Month per Customer Served for May

Revenue $5,000 $160,000

Employee Salaries

& wages $50,000 $1,100 $88,000

Travel expenses $600 $19,000

Other expenses $36,000 $34,500

There were 35 customers.

Revenue = $5000 per customer

We can easily calculate as we have been given the number of customers and the variable element of expense per customer.

1. Total Revenue in May = 5000 * 35= $ 175,000

Variable Salaries & wages = $ 1100 per customer

Total Variable Salaries & wages = $ 1100 *35= $ 38500

2. Total Salaries & wages For May = Variable + Fixed

= $ 38500 + $50,000= $ 88500

Travel expenses = $600per customer

3. Total Travel Expenses for May = $ 600 *35= $21,000

4. Other Expense = Fixed Expenses = $ 36,000 ( there are no variable expenses)

5. Operating Income= Revenue - Employee Salaries - Travel Expenses

= $ 175,000- $ 88500 - $ 21,000= $ 65,500

Other expenses are included in the net income statement not operating income statement.

5 0

4 years ago

Keynes argued that the downward slope of the demand for money curve depends on the?

Naya [18.7K]

Keynes argued that the downward slope of the demand for money curve depends on the rate of interest.

<h3>What is money curve?</h3>

A vertical curve that depicts the relationship between the supply of money and the interest rate; because the money supply is under the control of the central bank, it is unaffected by changes in the interest rate. The level of income and real GDP, the level of prices, expectations, transfer costs, and preferences are some of the most significant factors that might alter the demand for money.

Because the Fed determines the amount of money that is accessible without taking the value of money into account, the money supply curve is vertical. The downward slope of the money demand curve results from consumers having to carry more cash to make purchases when the cost of goods and services rises as the value of money declines.

Due to the inverse link between the amount of money demanded and the interest rate, the money demand curve has a negative slope. In other words, the interest rate, which stands for the opportunity cost of holding money, causes the money demand curve to slope downward.

The demand curve has a downward slope, which indicates that as the price falls, demand will rise. The demand curve has a decreasing slope since quantity is plotted on the x-axis and price is plotted on the y-axis.

Hence, Keynes argued that the downward slope of the demand for money curve depends on the rate of interest.

To learn more about money curve refer to:

brainly.com/question/1139186

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6 0

2 years ago

A city has built a bridge over a river and it decides to charge a toll to everyone who crosses. For one year, the city charges a

Tatiana [17]

Answer: In the inelastic portion of the demand curve

Explanation:

The city will charge in the inelastic portion of the demand curve, because in that portion the percentage increase in price will be greater than the percentage decrease in demand. Therefore, the price increase will not only compensate for the decrease in demand but will also allow an increase in income.

4 0

3 years ago

Activity rates are determined by a.dividing the actual cost for each activity pool by the actual activity base for that pool b.d

kirill115 [55]

Answer:B.dividing the cost budgeted for each activity pool by the estimated activity base for that pool.

Explanation: Product costing is a term used in Manufacturing to describe the process through which the total cost of Manufacturing a product is determined.

Activity based costing is a costing method that gives manufacturers the opportunity to cost the product by determining the cost of each activity involved in the Manufacturing process of that product.

ACTIVITY RATE IS EQUAL TO THE RATIO OF BUDGETED ACTIVITY COST OF THE COST POOL AND THE ESTIMATED OR BUDGETED ACTIVITY BASE OF THE COST POOL.

6 0

3 years ago