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Elodia [21]
2 years ago
9

Danny operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci

dent. The van was originally purchased for $20,000 and the adjusted basis was $5,800 at the time of the accident. Although the van was worth $6,000 at the time of accident, insurance only paid Danny $1,200 for the loss. What is the amount of Danny's casualty loss deduction?
Business
1 answer:
seropon [69]2 years ago
3 0

Answer:

$4,600

Explanation:

Casualty loss deduction = Adjusted basis - insurance compensation = 5800-1200= $4,600

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Suppose that many people who earn a living raising cows decide they can make more money selling t-shirts and switch occupations.
zimovet [89]

Answer:

B. There will be a decrease in supply.

Explanation:

The switch would cause the amount of cow rearers to fall. The amount of cow available would fall and there would be a decrease in the supply of beef.

I hope my answer helps you

5 0
2 years ago
EA7.
Eddi Din [679]

Answer:

33,000

Explanation:

The number of units included in the production budget is given by dividing the budgeted value by the cost per unit.

The cost per unit is:

C = 2.2*\$11.50\\C = \$25.30

The number of budgeted units is:

n=\frac{\$834,900}{\$25,30}\\n=33,000

33,000 units are included in the production budget for next year

7 0
2 years ago
How planning interacts with other functions​
Lubov Fominskaja [6]

Answer:

Planning might help your day work better. When and if you have a job, you could plan when your getting there, and when you can have dinner.

Explanation:

hope it helps

5 0
2 years ago
Sheffield Corp.is planning to sell 400 buckets and produce 480 buckets during March. Each bucket requires 500 grams of plastic a
Advocard [28]

Answer:

Direct labor= $12,960

Explanation:

Giving the following information:

Sheffield Corp.is planning to sell 400 buckets and produce 480 buckets during March. Each bucket requires 500 grams of plastic and one-half hour of direct labor. The employees of the company are paid $18 per hour.

Direct labor= (480 units* 1.5 hours)*18= $12,960

6 0
3 years ago
From a firm's viewpoint, opportunity cost is the best alternative use customers can find for the firm's output. price a firm can
notsponge [240]

Answer:

cost the firm must pay for the factors of production it employs to attract them from their best alternative use.

Explanation:

Opportunity cost also known as the alternative forgone, can be defined as the value, profit or benefits given up by an individual or organization in order to choose or acquire something deemed significant at the time.

Simply stated, it is the cost of not enjoying the benefits, profits or value associated with the alternative forgone or best alternative choice available.

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

From a firm's viewpoint, opportunity cost is cost the firm must pay for the factors of production it employs to attract them from their best alternative use.

5 0
2 years ago
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