In response to the US income distribution trend towards LOW AND HIGH INCOME, Levi Strauss introduced ........................
Levi Strauss introduce two different products, one for the high income class and the other for the low income class, thus ensuring that he serves the people in both groups.
Answer: C. $48,000 capital gain
Explanation:
To calculate the Gain or loss on the sale of Jackson's interest we will subtract his adjusted basis from the sale of his entire interest in the following manner,
Gain(loss) on sale of interest = Amount realised - Adjusted basis in partnership
= 112,000 - 64,000
= 48,000
$48,000 will be his Gain on the sale of his interest. It will also be considered CAPITAL as he does not have Hot assets like inventory just equity.
Lonnie Johnson had an illustrious career as a nuclear engineer working on the Galileo space programme and the stealth bomber - but he is best known for creating a water pistol.
Hope this helped!
Good luck :p
~Emmy <3
D. Appointments to the Supreme Court must be apptoved in the Senate.
not sure though
Answer:
External funds needed = $40,000.
Explanation:
An increase in the firm's retained earnings (a component of the shareholder's equity) arises as a result of higher sales volume, thereby making the Asset = Liability + Shareholder's Equity Equation unbalanced.
Therefore, there must be an increment in the firm's assets by an equal amount in order to re balance the equation. If there is an increase in assets by a greater magnitude than retained earnings increment, the gap is filled by external financing (which is a liability and increases the liability component of the equation).
Net income = Sales * profit margin = $500000*10% = $50000
Dividend= Net income * payout ratio = $50000*20%= $10000
Increase in retained earnings = Net income - Dividend = $(50000-10000)
= $40000
Increase in assets = $80000
External funds needed = $(80000-40000) = $40,000.
