Answer:
$850,000
Explanation:
The computation of Amount of income should Torrey realize from the lease transaction is shown below:-
Amount of income should Torrey realize from the lease transaction = Sale price - Cost
= $3,850,000 - $3,000,000
= $850,000
Therefore for computing the amount of income should Torrey realize from the lease transaction we simply deduct the cost from sales price.
Answer:
Skimming
Explanation:
Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.
Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.
Articulation is when the vision has enough imagery.
Answer:
a. Percentage of all taxpayers who file electronically = 63%
b. The number of people who hire an accountant or professional tax preparer is:
= 613
c. The data for the method of preparing the tax return would be considered CATEGORICAL.
Explanation:
Sample of adults aged > 18 = 1,021
Those who planned to file their taxes electronically = 644
This number represents 63% (644/1,021) of the population.
a. We can estimate that percentage of all taxpayers who file electronically as 63%.
b. If 60% of the people surveyed had their tax return prepared by hiring accountants or professional tax preparers, the number of people who did this = 60% of 1,021 = 613
c. Methods for filing tax returns:
Electronic filing
Manual preparation
Online tax service
Software tax program
d. There are four categories here. Data is categorical when the variables take on category or label values. On the other hand, quantitative data take numerical values and can be measured. In this tax filing example, method of tax filing is a categorical variable because a taxpayer can only use one method or be put in one category.
79.99 +79.99 is 159.98
So it would be 50%
