Answer:
The correct answer is e. a. and b.
Explanation:
Capital assets are assets of a permanent nature used in the production of income, such as machinery, buildings, equipment, land, etc. It must be distinguished from inventory.
Painting is a capital asset, but it is also a personal use activity asset sold at a loss. The loss is not deductible.
Answer:
C. weighted center of gravity method
Explanation:
Based on the information provided it seems that the term that is being mentioned is known as the weighted center of gravity method. This method is an approach that analyzes data in order to choose a single geographical coordinate for a single new facility that will minimize costs greatly as opposed to other possible locations.
Answer: all of the answers are correct
Explanation: A budget is an approximation of income and expenditure for a given future time frame and is typically collected and regularly re-evaluated.
Budgets may be made for an individual, a family, a group of people, a corporation or just about anything else that earns money and expenses it. A budget is an institutional resource used by managers at organizations and is often not needed for affected parties to monitor.
Budget is a necessary tool as it amounts the resources thus it works as backbone for all the planning process.
Answer:
Amount needed to have in account = 99272
Explanation:
Below are the calculations:
Annual income after retirement, annuity = $8000
The time period or the retirement life = 30 years
The Interest rate earned by account = 7%
The amount in the account at the time of retirement = Annuity (P/A, r, n)
The amount in the account at the time of retirement = 8000 (P/A, 7%, 30)
The amount in the account at the time of retirement = 8000 x 12.409
The amount in the account at the time of retirement = 99272