1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Billed a customer 4500 for work completed to date log as what on t-account
anygoal [31]

Answer:

On t-account, it will be logged as Accounts Receivable $4,500 and Service Revenue $4,500.

Explanation:

a) Data and Analysis:

Accounts Receivable $4,500 Service Revenue $4,500

b) The company's assets have been increased by $4,500, and its Equity has been increased by $4,500 (through Service Revenue in Retained Earnings).  When the customer pays for the work completed, the Cash account will be debited and the Accounts Receivable credited.

5 0
2 years ago
Sam lives in San Diego and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of t
iragen [17]

Answer:

a. explicit cost

b. explicit cost

c. implicit cost

d. implicit cost

Explanation:

Explicit costs can be defined as the actual costs incurred to run the business like supplies, utilities, materials or wages, while implicit costs can be defined as the opportunity cost of running the business like the potential salary of working in another job or the possible revenue of renting the current operating location.

a. The wages and utility bills that Sam' pays - explicit cost (actual costs)

b. The wholesale cost for the guitars that Sam' pays the manufacturer - explicit cost (actual costs)

c. The rental income Sam' could receive if he chose to rent out his showroom  - implicit cost (potential revenue lost)

d. The salary Sam' could earn if he worked as a financial advisor - implicit cost (potential revenue lost)

7 0
3 years ago
True or false. Unemployment compensation is generally unavailable for people who quite a job without good cause
Delicious77 [7]

Answer:

true;  unemployment compensation is generally unavailable for people who quite a job without good cause

Explanation:

6 0
2 years ago
Wood Dreams makes hand crafted furniture in its retail stores. The furniture maker has recently installed a new assembly process
Sophie [7]

Answer: 204.76%

Explanation:

In the earlier scenario, furniture maker manufactured 47 (42 non defective) pieces per 5 laborers working 8 hours day.

Thus, the productivity in terms of units per labor hour is as follows:

= \frac{42}{8\times5}

= 1.05

Similarly, after the process improvement, the productivity in units per labor hour would be:

= \frac{128}{8\times5}

= 3.2

Thus change in productivity would be calculated as:

=\frac{3.2-1.05}{1.05}\times100

= 2.047 × 100

= 204.76%

Thus, the productivity of non defective parts would increase by 204.76%.

4 0
3 years ago
Your parents put $300 into an account paying 11 percent interest for you when you were ten. Ten years later they tell you that y
Flauer [41]

Answer:

The balance in the account = $851.8

Explanation:

The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years

.

This implies compounding the initial amount invested ($300) at the given interest rate(11%) for 10 years.This will be done as follows:

<em />

FV = PV × (1+r)^(n)

FV-Future value

r- rate of return per period

n- Number of period

PV - 300

r-11%

DATA

FV- ?

PV - 300

n- 10

FV= 300 × 1.11^10 = 851.83

The balance in the account = $851.8

3 0
3 years ago
Other questions:
  • A client presents to the emergency department with severe epistaxis. Which client position is most beneficial?
    8·2 answers
  • Company X has a good whistle-blowing program in place. Sara used the whistle-blowing system to alert the management about a frau
    8·1 answer
  • Sterling Auto International (Scenario) Sterling Auto International is a successful car manufacturing company headquartered in De
    5·1 answer
  • Myra Manning, CFE, was hired to investigate some suspicious activity at Arizona Medical Supply after one of the company's larges
    9·1 answer
  • Projects with different lives: You are trying to choose between purchasing one of two machines for a factory. Machine A costs $1
    15·1 answer
  • In school, we are trying to learn about the problem with Trump's Impeachment. I wanted to know, "Do you agree with going with Tr
    9·2 answers
  • A country finds itself in the following situation: the government budget surplus is 2% of its GDP; private savings is 30% of GDP
    15·1 answer
  • Joe believes in providing a work setting and culture that encourage workers to be creative and inspire employees to work hard to
    13·1 answer
  • what is a withdrawal account classified as? (Asset, Liability,Owners equity,Revenue,or Expense account)
    11·1 answer
  • Which sector dominates developed economies such as the United States? In developed economies such as the United States, the sect
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!