Answer:
The answer is B. Access to investment advice
Explanation:
In most countries, financial institutions are banks. Clients may obtain financial services from banks. The most popular purposes or characteristics of a bank or financial institution are to include accounts for people to deposit their money, check books for people to withdraw their money and do other financial activities, ATM access, and many other things.
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Answer:
Realized gain = $238,640
Recognized gain = $212,120
Explanation:
The computation of realized gain and recognized gain is shown below:-
Realized gain = Cash received - Adjusted basis of partnership
= $300,520 - $61,880
= $238,640
So, for computing the realized gain we simply deduct the adjusted basis of partnership from cash received.
Recognized gain = Cash received - Adjusted basis of Heather
= $300,520 - $88,400
= $212,120
and for computing the recognized gain we simply deduct the adjusted basis of Heather from cash received.
Answer:
Direct labor= $51,840
Explanation:
Giving the following information:
Standard Hours= 27 minutes
Standard Rate per Hour= $6
Standard Cost= $2.70
During August, 9,260 hours of direct labor time were needed to make 19,200 units of the Jogging Mate.
We need to determine the standard cost for 19,200 units.
Direct labor= standard cost per unit*number of units
Direct labor= 2.7*19,200= $51,840
Answer:
The supply of produce could suddenly cease with the death or incapacitation of the farm owner.
Explanation:
I took the quiz and got the question wrong. That does make since though.
Answer:
$2,065,000
Explanation:
Based on the information given the maximum amount of cost that can be deducted in the year 2020 will be depreciable basis of the amount of $2,065,000 reason been that 100% is the bonus depreciation that is allowed under bonus election.
Therefore maximum amount of cost that can be deducted in the year 2020 will be the same amount of $2,065,000.