Answer:
Darla's amount realized on the sale is $800
Adjusted basis in the assets sold is $300
Producing a realized gain on the sale of $500
Explanation:
Amount realized = cash received + FMV of other property + buyer’s assumption of seller’s liabilities – seller’s expenses
Amount realized = 600 + 200 + 0 -0
= $800
Adjusted basis = initial basis – cost recovery deductions
Adjusted basis = 2500-2200 = $300
Gain or loss realized = amount realized – adjusted basis = 800-300
= $500
Therefore Darla's amount realized on the sale is $800 and the adjusted basis in the assets sold is $300, producing a realized gain on the sale of $500
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Answer:
The correct answer is C.
Explanation:
Giving the following information:
Barrington Bears has developed the following sales forecasts for January 500 units.
BB has 80 bears on hand on Dec. 31. The normal ending inventory policy is to hold 20% of next month’s sales.
Direct labor is paid $18 per hour. Each bear takes 40 minutes to hand-finish. Variable overheads total $21 per direct labor hour. Fixed overheads amount to $25,000 per month.
First, we need to calculate the production for January.
Sales= 500 units
Ending inventory= (600*0.2)= 120 units
Beginning inventory= 80 (-)
Total= 540 units
Conversion costs= direct labor + manufacturing overhead
Direct labor= [(40/60)*540]*$18= $6,480
Variable overhead= 21*360 hours= $7,560
Fixed overhead= $25,000
Total conversion costs= $39,040
Answer:
The correct answer is: stabilizers; destabilizer.
Explanation:
The automatic stabilizer is a government policy that correct fluctuations in the economy through their normal operation and hence they are called automatic stabilizers.
Taxes and government spending are examples of automatic stabilizers.
During an expansion, taxes increase with an increase in income and government spending decrease. These two without any intervention by the government automatically stabilize the economy.
Automatic destabilizer causes fluctuations by their normal operation. An example of destabilizer is inflation which increases during expansion and causes fluctuations without any intervention.
