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lisov135 [29]
3 years ago
6

Patrick has an adjusted gross income of $120,000 in the current year. He donated $50,000 in cash to a public charity; capital ga

in property with a basis of $15,000 but a fair market value of $35,000 to a public charity; and publicly traded stock with a basis of $12,000 and a fair market value of $25,000 to a private nonoperating foundation. What is deductible as a charitable contribution for the current year?
Business
1 answer:
bogdanovich [222]3 years ago
4 0

Answer:

$8,000 bc (AGIx30%)- contributions

if this is a multiple choice question post the choices and i will tell you the corrrect one. thanks

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Would it be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration?
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Yes, It would be advantageous for wynn manufacturing corporation if the cranston division makes the investment under consideration.

  • Since managers are charged with maximizing the potential of their own units, it is crucial to frequently assess their performance in the workplace.
  • Target measurements can be used to assess managers of investment centers' performance.
  • Businesses typically have a target or targeted rate of return they would like to reach in order to assess a project's viability.
  • It is profitable for the firm as a whole to move forward with the project in this case because the project's projected return of 18% is higher than the company's desired rate of return of 16%.

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4 0
2 years ago
Blain Company has $10,000 of accounts receivable that are current, $5,000 that are between 0 and 30 days past due, $3,000 that a
True [87]

Answer:

d. $1050.

Explanation:

We multiply each account balance by the expected uncollectible amount and then addd them to get the expected total for doutful accounts

\left[\begin{array}{cccc}Date&Amount&Expected&uncollectible\\$not due&10000&0.02&200\\$up to 30&5000&0.05&250\\$up to 60&3000&0.1&300\\$more than 61&800&0.5&400\\&&Total&1150\\\end{array}\right]

Balance of the allowance account:  100

The expense will be the adjustment made on the allowance to get the expected balance of 1,150

1,150 - 100 = 1,050

we increase the allowance bu 1,050 to get our expected uncollectible fro maccounts receivable agaisnt the bad debt expense ofthe period.

8 0
3 years ago
Amy takes her car to Better Fix-It, Inc., which repairs the car and bills Amy for $500. Amy writes out a check drawn on Capital
meriva

Answer:

Explanation:

I believe the answer is A

8 0
3 years ago
Susan Daniels works for an event management company and is discontent with her job because she was passed over for a promotion.
Verdich [7]

Answer:

The correct answer is Voice.

Explanation:

Taking into account the framework of exit, voice, loyalty and negligence, voice means directly raising comments on a particular situation that influences within the work team, so that superiors are aware of situations and can ask themselves solutions for the benefit of all.

4 0
3 years ago
If a homeowner wants to sell his property to an adult child for $1, may a sales agent be involved in that transaction?
Umnica [9.8K]

Answer:

Of course a sales agent can be involved, although they will probably charge a fixed amount and not a sales percentage. Many people probably need the help of a sales agent to fill out legal forms, including contracts, etc. Not everyone has the knowledge to prepare them or simply fill them out, and a sales agent can be helpful.

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3 years ago
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