Answer: losses realized in involuntary conversions are deferred.
Explanation:
Based on the information given, we should note that every other options are true except the last option "losses realized in involuntary conversions are deferred".
Losses realized in the involuntary conversion are not deferred but they're are realized. Itbus the losses that are realized in the like-kind exchange that are being deferred.
According to this article https://www.aimersoft.com/tutorial/cd-vs-dvd.html
it says a CD hold around 700 MB and a DVD 4.7 GB . Taking this in consideration a GB holds 1000 MB .4.7*1000=4700
4700/700=about 6.7 more memory so the best estimate is about √7 times√
Answer:
FV= $247.69
Explanation:
Giving the following information:
Initial investment (PV)= $230
Number of periods (n)= 3 years
Interest rate (i)= 2.5% = 0.025
<u>To calculate the future value (FV), we need to use the following formula:</u>
FV= PV*(1+i)^n
FV= 230*(1.025^3)
FV= $247.69
Answer and Explanation:
The Securities Investor Protection Corporation enhance security for the registered broker and distributor customers and national securities exchanges members
In the given situation, it is mentioned that a customer has 4 accounts i.e person cash account, person margin account, cash account jointly with his wife and custodial account for two children
Now if the firm liquidates, the (Securities Investor Protection Corporation) SIPC covers all accounts but separately i.e both person accounts are count as one by adding them, the joint account as an individual and the custodial account as an individual
Answer:
$90,000
Explanation:
Sales revenue $350,000
Cost of goods sold $150,000
Operating expenses $110,000
Foreign currency translation gain $25,000
Gross profit= sales revenue - the cost of goods sold
=$350,000-$150,000
=$200,000
Net income = Gross profit - Operating expenses
=$200,000 - $110,000
=$90,000