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lara31 [8.8K]
3 years ago
10

Shantel owned and lived in a home for five years before marrying Daron. Shantel and Daron lived in the home for two years before

selling it at a $700,000 gain. Shantel was the sole owner of the residence until it was sold. How much of the gain may Shantel and Daron exclude?
A. $0
B. $250,000
C. $500,000
D. $700,000
Business
1 answer:
Kruka [31]3 years ago
8 0

Answer:

C)

Explanation:

$500,000

Shantel meets the ownership test and both shantel and Daron meet the use test requirement, the couple may exclude $500,000 of gain.

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Clabber Company has bonds outstanding with a par value of $119,000 and a carrying value of $108,700. If the company calls these
kondor19780726 [428]

Answer:

Gain on retirement $4,200.00

Explanation:

The computation of the gain or loss on retirement is given below;

Carrying value of Bond $108,700.00

Less; Price at which bond is called $104,500.00

Gain on retirement $4,200.00

Simply subtracted the called price of the bond from the carrying value of the bond so that the gain on retirement is recorded

7 0
3 years ago
Company ABC makes kitchen appliances that have many features in great demand by professional chefs whose only interest is in the
weeeeeb [17]

Answer:

d. quality.

Explanation:

-Delivery area refers to the places in which the appliances can be delivered.

-Quantity refers to the amount of appliances that the company can produce and sell.

-Price refers to the amount of money that customers would pay for the appliances.

-Quality refers to the degree in which the appliances can meet the customer's requirements.

According to this, the answer is that based on its customers, ABC should try to dominate the market in quality because its products meet the expectations of professional chefs and that should be market to focus on as the company can have an important advantage by providing exactly what they need.

The other options are not right because professional chefs are interested on what they can do with this appliances and not on price, quantity or delievery area.

6 0
4 years ago
Peter is assisting with a report that will forecast sales for the next year. He has been asked to collate sales data for the pre
Likurg_2 [28]

Peter seems to be building a historical or past sales method to forecast future sales. In this model, you use past sales data to determine what the average sales have been for certain periods and use that number to forecast predicted sales for the same time period for the current year.

5 0
3 years ago
Chocolate Co. reports the following information from its sales budget: ​ Expected sales:
maksim [4K]

Answer:

The total amount of cash expected to be received from customers in September is: B. $ 108,000

Explanation:

The total amount of cash expected to be received from customers in September include the following :

  1. <em>Cash Sales in the month of September - 25 %</em>
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<u>The Calculation of cash expected to be received from customers in September is as follows :</u>

Cash Sales - September = 120,000 × 25% =  30,000

Credit Sales - August = 104,000 × 75%      =   78,000

Total                                                              =  108,000

4 0
3 years ago
Marketing managers at Hasbro estimate that they will be able to sell 250,000 units of their Trivial Pursuit board game in the up
kifflom [539]

Answer:

Demand

Explanation:

250,000 is the demand for Trivial Pursuit games because it is the amount of the product that consumers are willing to purchase at the given price. The given price referred in the question is therefore the equilibrium price (where supply and demand meet).

8 0
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