Daniel Kahneman and Amon Tversky believe that when we suffer a $1 loss, compared to a $1 gain, we suffer 2.25 pain.
<h3>What did Daniel Kahneman and Amon Tversky believe?</h3>
Based on some models that the two ran, they came up with a conclusion that we suffer more from losses than we get help from gain.
Their prediction was that a loss of $1 can hurt us about 2.25 more times than a gain of $1 can help us.
Find out more on losses at brainly.com/question/1165724.
I’m pretty sure it has something to do with trial lengths and the sort
Answer:
The amount of Drake’s casualty loss deduction is $3,000
Explanation:
The deduction amount would be less of the adjusted basis or net cost of the truck
where,
Adjusted basis = $22,000
And, the net cost would be equal to
= Repair cost - reimbursement cost of insurance
= $5,000 - $2,000
= $3,000
So, by comparing both the amounts, the $3000 would show a lesser amount than adjusted basis ($22,000)
And, the purchase cost of the truck would be ignored. Thus, it is not considered in the computation part.
The vehicle operating cost in the planning budget for December would be closest to $8698
<u>Explanation:</u>
The budgeted vehicle operating costs would be calculated with the help of following formula:
the vehicle operating vost will be added to snow-day that would be ultiplied with the number of planned snow days.
Given data: vehicle operating cost = $2170, snow day cost = $408, number of planned snow days = 16 snow-days.
now, putting the figures in the formula:
$ 2,170 plus $ 408 per day multiply with 16 snow days
after solving we get,
$ 2,170 plus $ 6,528 = $ 8,698.
Answer:
What would be the impact on January 1, 2015, the date of the sale?
The following journal entries should be made to register the sale:
January 1, 2015: 2 cars are sold
- Dr Cost of Goods Sold 37,000
- Cr Merchandise Inventory 37,000
- Dr Accounts Receivable 50,000
- Cr Sales Revenue 50,000
On January 30, 2015 Outback Subaru Limited received payment in full from the town for the cars. What would be the impact of this transaction on this date?
The following journal entry should be made to register the payment:
January 30, 2015: the local government paid the cars
- Dr Cash 50,000
- Cr Accounts Receivable 50,000
