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faust18 [17]
3 years ago
10

Assume instead that the fair market value of the land was $87,000 and that of the building was $65,000. Determine Gerald's adjus

ted basis for the land and building. Gerald's basis for gain: Gerald's adjusted basis for the land is $. Gerald's adjusted basis for the building is $. Gerald's basis for loss: Gerald's adjusted basis for the land is $. Gerald's adjusted basis for the building is $.

Business
1 answer:
OLga [1]3 years ago
6 0

Answer:

Please see attachment

Explanation:

Please see attachment

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The Swifty Company issued $300,000 of 8% bonds on January 1, 2020. The bonds are due January 1, 2025, with interest payable each
makvit [3.9K]

Explanation:

The journal entries are shown below:

a. On January 1

Cash A/c Dr $288,000      ($300,000 × 96%)

Discount on Note payable A/c  Dr $12,000

               To Note Payable A/c $300,000

(Being the note payable is recorded at discount)

b. On July 1

Interest expense A/c Dr $13,500

             To Discount on bonds payable A/c $1,500   ($12,000 ÷ 8)

             To Cash A/c  $12,000            ($300,000 × 8% ÷ 2)

(Being interest expense is recorded)

c. On December 31

Interest expense A/c Dr $13,500

             To Discount on bonds payable A/c $1,500   ($12,000 ÷ 8)

             To Cash A/c  $12,000           ($300,000 × 8% ÷ 2)

(Being interest expense is recorded)

7 0
3 years ago
The effect of substitution bias is that the rise in the price of a fixed basket of goods over time tends to ___________________
luda_lava [24]

Answer:

overstate.

Explanation:

An unchanging basket of goods assumes that consumers are restricted from purchasing exactly the corresponding goods, without caring for changes of the price which are not a very likely hypothesis. <u><em>The result of substitution bias is that the increase in the price of a fixed basket of goods over time tends to</em></u> overstate the rise in the true cost of living of the consumer because it does not take into consideration that the person can substitute away from goods whose corresponding prices have increased.

5 0
3 years ago
When U.S. goods become more expensive relative to foreign goods, exports will __________ and imports will __________.
ipn [44]

Answer:

fall, rise

Explanation:

US goods will become less expensive

3 0
4 years ago
A company makes two products in a single plant. It runs this plant for 100 hours each week. Each unit of product A that the comp
Olegator [25]

Answer:

Check the explanation

Explanation:

As per current limitation of emission, below will be the optimal solution.

The first attached image below is the screenshot of LP Table to be used to get the result -

The second attached image below is the formula used to get the result -

The third attached image below is the screenshot of solver with constraints, decision variable and objective -

the result is in the fourth attached image;

Product A - 15 units

Product B - 60 units

Total Contribution - 135000

Now EPA has allowed one additional unit of chemical emission. Hence, we will change the available quantity of chemical emission to 61 from 60. Rest all will be same as mentioned in earlier part. The fifth attached image below will be the updated optimal solution -

From the image, it is clear that company has 1 additional unit of particulate emission left (240-239), hence company can reduce the particulate emission by 1 units. Below will be the optimal solution -

Product A - 14

Product B - 61

Contribution - 136000 (increase in contribution by 1000)

Now, we can see that contribution has increased by 1000 which is equal to the contribution of 1 unit of product A.

1 unit of Product A is responsible for 4 unit of particulate emission. Hence company can reduce the emission further 4 units.

Final output will be as follows -

Product A - 13

Product B - 61

Contribution - 135000

Total Particulate Emission used = 13*4 + 61*3 = 235

Total Reduction in Particulate Emission = 240-235 = 5 units

Hence, company should willing to reduce the Particulate Emission by 5 units without affecting its Contribution Maximization objective.

3 0
4 years ago
The typical risks of a cost leadership strategy include: a. the inability to balance high differentiation and low price. b. exce
vichka [17]

Answer: The correct answer is "b. production and distribution processes becoming obsolete.".

Explanation: The typical risks of a cost leadership strategy include production and distribution processes becoming obsolete because to maintain cost leadership, the production and distribution processes must always be in constant observation to modify if necessary in order to maintain competitiveness and not remain stuck attached to a production and distribution model that as a consequence of innovations in the competition may become obsolete.

8 0
3 years ago
Read 2 more answers
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