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
tankabanditka [31]
3 years ago
15

.Andrea sold a piece of machinery she used in her business for 9 months. The amount realized was $50,000 and the adjusted basis

was $55,000. What is Andrea's gain or loss realized and what is the character of the gain or loss?
Business
1 answer:
Vinvika [58]3 years ago
8 0

Answer:

Realized loss = $5000

Explanation:

The adjusted basis is the net cost of an asset after it has had depreciation deductions and/or capital expenditure increments. In other words, its actual worth at that particular point in time.

The amount realized is the fair market value and the sum of any money received at the sale of an asset.

A realized gain or loss is the difference between the amount realized from the sale of the asset and the asset's adjusted basis on the time of its sale. A positive figure proves to be a gain and a negative figure proves to be a loss. In other words, when an asset is sold for a price higher than what it is actually worth at the time of sale, it is a realized gain whilst if it is sold for a price lower than what its net cost is, it is a realized loss.

In this case,

$50,000 - $55,000 = $(5000)

There is a realized loss for Andrea of $5000 on the sale of this machinery.

You might be interested in
An employee observes an outside individual putting some computer disks in her purse. the employee does not report this security
nikklg [1K]
They should've put in <span>security incident procedures.</span>
8 0
3 years ago
Georgina decides to take a dozen cupcakes to school to sell so she can raise money for her school trip to New Orleans. She price
Naily [24]

Answer:

Shortage

Explanation:

I got it correct because I watched the given recording.

8 0
2 years ago
The Country Music Hall of Fame is considering increasing admission prices to increase gross revenue. If the price of admission r
Kitty [74]

Answer:

1

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Percentage change in quantity demanded = (30/20) - 1 = 0.5 = 50%

Percentage change in price = (1500 / 3000) - 1 = 0.5 = 50%

50% / 50% = 1

I hope my answer helps you

3 0
3 years ago
Salim files a case agaisnt nina for nonpayments of dues.before the trial. nina is examined under oath in the presense of salim's
aleksley [76]

Answer:

A) deposition

Explanation:

A witness or a party's deposition takes place before the actual trial starts, during discovery (or the investigation stage). During the deposition, the party or witness must answer the questions of the other party's attorney. Those questions are answered under oath, which means that lying is considered perjury and the party or the witness can be prosecuted for it.

3 0
3 years ago
Because the company was angered by the actions of its resellers. Acme Manufacturing decided to slow down deliveries and postpone
Natasha_Volkova [10]

Answer:

B) coercive power.

Explanation:

There are two ways of influencing others to follow the instruction or to get the process in the right order.Those two ways are: Reward power and coercive power.

Coercive power: It is the ability of the authority to use power or force against people or subordinates to follow the instruction or to get them disciplined. It is an act of punishment for committing errors so that it does not get repeated.

In the given case, the manufacturer decided to punish resellers for their action. As Manufacturing decided to slow down deliveries and postpone product availability to these resellers.

8 0
3 years ago
Other questions:
  • As a manager of a small clothing store, Archer favors detailed job descriptions, formal rules and regulations, thorough records,
    13·1 answer
  • Crestfield leases office space. On January 3, the company incurs $22,000 to improve the leased office space. These improvements
    5·1 answer
  • Which of the following statements is CORRECT?
    13·1 answer
  • Which of the following would motivate companies to choose Chase strategy for aggregate planning. Group of answer choices (1). sk
    9·2 answers
  • Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75%
    5·1 answer
  • Why is a long term consequence of paying less than the minimum amount due on your bills
    6·1 answer
  • Two methods are used to predict how many customers will call in for help in the next four days. The first method predicts the nu
    9·1 answer
  • We can imagine the financial manager doing several things on behalf of the firm’s stockholders. For example, the manager might d
    5·1 answer
  • Nursing faculty at Walnut Valley Community College must possess a​ master's degree in nursing from a regionally accredited colle
    14·1 answer
  • Discretionary fiscal policy is defined as fiscal policy Group of answer choices initiated by a Presidential proclamation. left t
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!