Answer:
$2,000
Explanation:
The recognized gain is computed below:
Recognized gain = Received amount from the insurance company - Alex basis in car value
= $22,000 - $20,000
= $2,000
The recognized gain shows a difference between the received amount and his basis in car
The other information which is mentioned is ignored as it is not relevant for the computation part
Answer:
B. Fiscal policy is conducted by the executive branch of the U.S. government.
Explanation:
Fiscal policy can be defined as a policy that is put in place by the government of a country to monitor, regulate and adjust the rate at which the government spends money as well as the amount of taxes collected by the government.
Fiscal policy helps to keep the economy of a country stable by finding means to tackle unemployment issues as well as the prices of goods and services in that country.
We have 3 types of Fiscal policy. They are:
a. Expansionary policy
b. Contractionary policy
c. Neutral policy.
In the United States, Fiscal policy is conducted and coordinated by both the Executive and Legislative arms of the government.
One of the effects of fiscal policy when implemented is that it can lead to the rise of inflation in a country.
Time lags also known as the delay in amount of time it takes to implement a thing can affect the proper implementation of a fiscal policy.
An increase in the spending of a government leads to crowding out and this can have a negative effect on the fiscal policy in a country most especially the expansionary policy. This negative effect is that it reduces the impact or effect that a well implemented fiscal policy would have on a country.
Answer:
Expenses
Explanation:
An expense is the cost of an asset used in order to <em>generate revenue, therefore, to create sales (the central operation of a company)</em>. This cost is not a monetary measure because an expense is when an asset is used up.
I hope you find this information useful and interesting! Good luck!
The average total costs, TC, of the production is equal to the sum of the average variable cost, VC, and the total fixed cost, FC. If we translate this to an equation we derive,
TC = FC + VC
To calculate for the value of FC, we simply have to transpose VC to the other side of the equation and we arrive with the equation,
FC = TC - VC
Then, we substitute the known values in the given.
FC = ($35) - ($30)
FC = $5
Hence, the total fixed cost of the production is equal to $5.
Answer:
Advantage $85,750
Explanation:
The calculation of Financial advantage for the company of making rather than buying is shown below:-
Financial advantage for the company of making rather than buying = Relevant cost of buying - Cost of making
Financial advantage = Price offered × Used production - (Direct material + Direct labor + Variable manufacturing overhead) × Used production
= $23.65 × 35,000 - ($9.40 + $8.40 + $3.40) × 35,000
= $827,750 - $21.20 × 35,000
= $827,750 - $742,000
Advantage = $85,750
Here, fixed costs are unavoidable, it is not a relevant cost