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Semenov [28]
3 years ago
9

During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasur

e yacht for a $1,000 loss. Presuming adequate income, how much of these losses may Kim claim?
a. $0.
b. $1,000.
c. $2,000.
d. $3,000.
e. None of these.
Business
1 answer:
Anton [14]3 years ago
3 0

Answer:

c. $2,000

Explanation:

total loss claim = business auto loss + stock investment loss

                         = $1,000 + $1,000

                         = $2,000

Therefore, The Kim may claim $2,000 of these losses.

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​______ is a process in which an impartial third party helps those involved in a dispute reach an agreement.
Lostsunrise [7]

Answer:

Mediation

Explanation:

Mediation is the process in which an impartial third party help those involved in a dispute reach an agreement.

Mediation is the process which help the parties to settle at their disputes. The mediator is the one who do meeting with the parties separately or have joint sessions which help him to bring the disputed parties on one point. Mediation involves various steps:

  1. Mediator introduction
  2. Disputed parties statements
  3. Joint meetings and discussion
  4. Private meetings of mediator with parties
  5. Converge the parties on single point (Negotiation)
  6. Sign agreement ( Closing the agreement)
3 0
3 years ago
For what reason may an employer legally NOT hire an applicant?
Andru [333]

<u>Answer:</u> Option C

<u>Explanation:</u>

The applicant might not possess the skills required to do the job or he may not be able to meet the number of working hours required by the company. In this case the employer is not under pressure to recruit that employee. Employer cannot reject any applicant for the reason of applicant's disability, age as 55 years or based on the nationality.

Labor standard act needs to be meet by the employer to hire legally or the employer will have to face the legal consequences.

4 0
3 years ago
Read 2 more answers
A farmer grows wheat, which she sells to a miller for $90. The miller turns the wheat into flour, which she sells to a baker for
Paha777 [63]

Answer:

The correct answer is "$155".

Explanation:

Given:

She sells to miller,

= $90

She sells to baker,

= $145

She sells to consumers,

= $155

Now,

The value added by miller will be:

= 145-90

= 55 ($)

The value added by the baker will be:

= 155-145

= 10 ($)

hence,

The GDP in this economy will be:

= 155 ($)

5 0
2 years ago
Several years ago, the City of Russell issued $7 million of 6 percent serial bonds at 101. Principal payments of $350,000 are du
Sphinxa [80]

Answer:

the interest payable is $210,000

Explanation:

The computation of the interest payable is shown below:

= Principal payments × rate of interest × no of months ÷ total no of months × time period

= $350,000 × 6% × 6 months  ÷ 12 month × 20years

=  $210,000

hence, the interest payable is $210,000

The same should be considered and relevant

8 0
3 years ago
Address You, a fancy dress manufacturer, sold a dress for $8,000 on credit. The cost of producing this dress was $1,000. First,
givi [52]

Answer:

It will affect the accounting equation in $7.000.

Explanation:

The Assets will increase in $8.000 because Address You now have the right to claim to a customer $8.000 and is recognized in the Receivables. At the same time, Address You has to diminish its inventories at $1.000, because it delivered the dress to the customer. Finally, on the other hand, the profits for selling the dress ($8.000 - $1.000) affect the equity, and now the Accounting equation is balanced.

3 0
3 years ago
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