1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
arlik [135]
3 years ago
11

Bennett purchased a tract of land for $20,000 in 2012 when he heard that a new highway was going to be constructed through the p

roperty and the land would soon be worth $200,000. The highway project was abandoned in 2018 and the value of the land fell to $15,000. Bennett can claim a loss in 2018 of:
Business
1 answer:
babymother [125]3 years ago
7 0

Answer:

The correct answer to this question is that the amount of loss suffered by Bennett cannot be taken out because no information has been given in the question regarding sale of the land.

Explanation:

In the given above question Bennett purchased a tract of land for $20,000 in 2012, thinking that the value of land would increase to $200,000 when the new highway would be constructed but that didn't happen and the value of the property fell to $15,000. Here we can't tell anything about the loss suffered by Bennett because there has been no information given regarding the selling of the land and if he hasn't sold the land then that means there is no loss.

If he would have sold the land then he would have suffered a loss of $5000($20,000 -$15,000).

You might be interested in
which term is defined as the state government granting power, license, or real property to a private individual or individuals u
insens350 [35]

law on property rights is defined as the state government granting power, license, or real property to a private individual or individuals using a land patent

A property's legal ownership and permitted uses are governed by property right law. When it comes to land, it has been noted that theft is common. People who purchase properties often lose them to thieves when they are resold to someone else who is unaware that the property has already been sold to someone else. The property right law was established to stop this circumstance from occurring frequently so that the owner of a plot of land would have the legal right to claim ownership for it and use it for any purpose he desired without fear of it being taken by someone else.

To know more about property rights visit here :

brainly.com/question/17228951

#SPJ4

6 0
1 year ago
Recent U.S. Supreme Court decisions solidified the idea that the ADEA is designed specifically to protect older workers from dis
Lyrx [107]

Answer:

True

Explanation:

There are several Supreme Court Rulings regarding the ADEA during the past two decades, most of them concerning technical issues, but  the most straightforward ruling regarding the question is:

General Dynamics Land Systems, Inc. v. Cline, 540 U.S. 581 (2004)

The Supreme Court ruled that the purpose of the ADEA is to prevent discrimination against older workers in benefit of younger workers, but it does not prevent discrimination against younger workers in benefit of older workers.

7 0
3 years ago
A manufacturer's average work-in-process inventory for part #1234 of a particular car model is 1,250 parts. the workstation prod
Arisa [49]
<span>Assuming that we consider the standard workday of eight hours, each part would take 18.75 minutes per part completion. In order to complete 1,250 parts, it would take 8.33 days to complete. In order to complete the 1,250 parts, the manufacturer would have to create at least eight work stations to meet the daily demand.</span>
7 0
3 years ago
Bellucci Corporation has provided the following information: Cost per UnitCost per Period Direct materials$6.70 Direct labor$3.5
Nikolay [14]

Answer:

The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units is closest to $11.40

Explanation:

It is important to note that the question requires The incremental manufacturing cost that the company will incur if it increases production from 10,500 to 10,501 units

From Production of 10500 units to 10501 units, there is an increment of 1 unit.

<u>Lets find the incremental cost of 1 unit.</u>

1.To do this we only consider variable manufacturing costs only.

2.Since increase is within the relevant range, the fixed manufacturing overheads do not change.

3.Also Ignore all non- manufacturing overhead as they do not form part of manufacturing costs.

                                                         Extra 1 Unit

Direct materials                                    $6.70

Direct labor                                           $3.50

Variable manufacturing overhead     $1.20

Total Cost                                             $11.40

4 0
3 years ago
What is the main purpose of conducting an informational interview?
liberstina [14]

Answer:

c

Explanation:

3 0
3 years ago
Other questions:
  • Which of the following statements reflect negative outcomes known to result from work teams? Check all that apply.
    12·1 answer
  • A stock generally issued by companies expected to provide an uninterrupted stream of dividends and good, long-term growth prospe
    7·1 answer
  • Privack Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours
    13·1 answer
  • Florida Berry Basket harvests early-season strawberries for shipment throughout the eastern United States in March. The strawber
    14·1 answer
  • The Metal Shop produces 1.7 million metal fasteners a year for industrial use. At this level of production, its total fixed cost
    15·1 answer
  • Answer the following statement true (T) or false (F).
    7·1 answer
  • Which of the following should be considered last when searching for financing? Question 7 options: Family members Banks Commerci
    7·2 answers
  • A car dealership spends $140,000 on cars to stock their lot. After a day of sales, they earn a total revenue of $300,000. What i
    10·1 answer
  • What is meant by conversational style and is a conversational style  as appropriate in cross-cultural communication as it is in
    7·1 answer
  • isabella takes $100 of currency from her wallet and deposits it into her checking account. if the bank adds the entire $100 to r
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!