Answer:
A) Jane recognizes no gain; Walt recognizes a gain of $50,000.
Explanation:
§ 351 allows individuals or businesses tax free transfers to controlled corporations. In other words, Jane and Walt can transfer assets to form Yellow Corporation without recognizing any gain or loss.
Since Walt received some money from this transaction, that must be considered a gain since it is not included under § 351.
Answer:
96.1amu
Explanation:
Given isotopes : 94.9amu with 12.4%, 95.9 amu with 73.6% and 97.9 amu with 14% natural abundances.
Taking the average weight of the isotopes as follows
(94.9x0.124) + (95.9 x 0.736) + (97.9x0.14) = 96.1amu
<u>Answer:</u>
<em>Elastic</em>
<u>Explanation:</u>
Price Elasticity of Demand (PED) is a method in economics which shows the demand quantity of a good or service, in response to a change in its price. PED is a percentage change in quantity demanded, when the price changes by one percent.
The demand is said to be inelastic for a good or service when the PED is less than 1. When it is greater than 1, then the demand is said to be elastic.
Full question:
Classify each possible change listed according to whether it will make small farms more efficient or less efficient based on the information in the Washington Post article Small vs. Large: Which Size Farm Is Better for the Planet:
Plant more disease-resistant crops, reduce the number of different crops planted, avoid planting genetically modified crops, rely more on organic rather than synthetic methods of farming,
Answer and Explanation:
Plant more disease-resistant crops is classified under more efficient and Less costly. The writer believes disease resistant crops increase efficiency as there is reduced occurrence of death of crops and consequent increased losses and costs
Reduce the number of different crops planted is classified under more efficient and less costly. The writer emphasizes specialization in farming whereby for example planting rice or corn should be done alone and not mixed with other crops as this would be less efficient and costly.
Avoid planting genetically modified crops is classified less efficient and more costly. The writer encourages planting genetically modified crops as genetically modified plants are geared towards increased plant product and yield from genetically optimized plants
Rely more on organic rather than synthetic methods of farming is classified less efficient and more costly. In the article, the writer believes chemically induced crops are bad for the environment and don't yield much in efficiency with time
Answer:
11.09
Explanation:
First, we need to determine the average accounts payable and its given as;
Average accounts payable = (Beginning accounts payable + Closing accounts payable) / 2
= ($27,000 + $48,000) / 2
= $35,000
Purchases = $388,000
Accounts payable turnover is computed as;
= Purchases ÷ Average accounts payable
= $388,000 ÷ $35,000
= 11.09
Therefore, the company's account payable turnover would be closest to 11.09
