Answer:
The amount realized by Casey in the exchange $ 4700
Explanation:
Fair market value of stock received = $4000
Add: cash in transaction that qualifies for deferral under section 351 = $400
Add: assumed mortagae = $600
Less: selling expense = $(300)
Amount realized by casey in exchange = 4000 + 400 + 600 - 300
= $ 4700
<span>Categorical variables are the variables that are names or labels of any product. The color of a ball or the breed of an animal etc. Here, the type of beverage sold is the name of beverage and so, it is a categorical variable.The nominal type differentiates between items or subjects based only on their names or some qualitative criteria. Since the type of beverage is differentiated by name, it is a nominal scaled variable.</span>
Answer:
Actual manufacturing overhead = 195%
Budgeted manufacturing overhead rate = 180%
Explanation:
The computation of actual and budgeted manufacturing overhead rates for 2017 is shown below:-
Particulars Budgeted for 2017 Actual result for 2017
Direct material
cost $2,250,000 $2,150,000
Direct manufacturing
labor costs $1,700,000 $1,650,000
Manufacturing overhead
costs $3,060,000 $3,217,500
Actual manufacturing
overhead 195%
Budgeted manufacturing
overhead rate 180%
Therefore for computing the actual manufacturing overhead we simply divide the manufacturing overhead cost by direct manufacturing labor cost of actual result for 2017 while for computing the budgeted manufacturing overhead rate we simply divide the manufacturing overhead cost by direct manufacturing labor cost of budgeted for 2017.
Answer:
(A) cognitive dissonance
Explanation:
The type of cognitive dissonance that appears when a customer seems to regret her or his purchase is commonly known as buyer’s remorse. It can be because customers made an impulsive purchase and thus now is regretting his or her decision, or because the item that she or he purchases are expensive in nature. In addition to the price of the purchased item, other factors that causes buyer’s remorse to arise are high involvement of the purchaser, compatibility of the product purchased, and the purchaser’s goals.
Answer:
C. A discipline that enhances the degree of confidence that users can place in financial statements.
Explanation:
Independent auditing includes the process of auditing by an independent auditor. It involves the process of analyzing and examining the financial transactions and records. The company's accounts, the business records, the transactions are all monitored and audited so as to avoid any unprecedented act. It do not indulge any means of profit in the whole process. Independent auditing is adopted by the shareholders in order to protect from any sort of frauds or unacceptable claims made in terms of financial records.