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3 years ago

Which of the following assets held by a manufacturing business is a §1231 asset?

Business

1 answer:

insens350 [35]3 years ago

6 0

Answer:

A factory building used in the business and held more than one year.

Explanation:

<u>According to Section 1231</u>. property are assets that are used in your trade or business and are held by the Taxpayer for more than one year.

The factory building has serve the purpose of the section. It is used for a trade and has been held by the taxpayer for more than a year, hence, the property can be termed an assets by a manufacturing business

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You are a manager at Baroque Space, a costume design company. Recently, your boss asked you to hire a new seamstress. You are no

Lerok [7]

Answer: Design a career path

Explanation:

The action that can be taken to implement the decision is having a career path.

A career path simply refers to the path taken by employees in an organization. This is essential as it'll make the worker have a smooth transition while performing their roles.

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3 years ago

A natural monopoly can occur when the average cost of making a good _____ a lot as output increases.

Anon25 [30]

A natural monopoly can occur when the average cost of making a good decreases a lot as output increases. Hopefully the demand goes up as well!

5 0

3 years ago

Read 2 more answers

price index was 128 in year 1, and the inflation rate was 24 percent between year 1 and year 2. the price index in year 2 was a.

Gennadij [26K]

The price index in year 2 is 158.7 (option a).

<h3>What is the price index?</h3>

Price index is used to measure how price change over a period of time. Price index is used to measure inflation. An example of a price index is the consumer price index. The consumer price index measures changes in the price of a basket of goods.

Price index in year 2 = ( 1 + inflation rate) x price index in year 1

(1.24) x 128 = 158.7

To learn more about price index, please check: brainly.com/question/26382640

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5 0

1 year ago

Holmes Company produces a product that can be either sold as is or processed further. Holmes has already spent $60,000 to produc

lozanna [386]

Answer:

Holmes should sell process the product further, because the profit if process further is higher than sell product now.

Explanation:

Net profit if sell product now is $37,500 ( = sales to another manufacturer $97,500 – already spent $60,000)

Sales as in process further/ Incremental Accounting

Sales: $695,125 (=$415 x 1,675 units)

Additional Process costs: $485,570 (=$290 x 1,675 units)

Net profit if process further = total sales $695,125 – already spent $60,000 – additional process cost $485,570 = $149,555, higher than profit $37,500 if sell now.

6 0

3 years ago

The factors that affect the price elasticity of supply include: Instructions: You may select more than one answer.

bearhunter [10]

Answer:

The correct answer is letter "A", "B", and "D": the availability of inputs; the flexibility of the production process; time needed to adjust to changes in price.

Explanation:

Price elasticity of supply reflects the changes in supply after a change in prices. The price elasticity of supply is calculated dividing the percentage in the change of quantity supplied by the percentage in the change of price. If the result is equal or greater than one (1) the supply of that good is elastic. If the result is lower than one (1), then the supply is inelastic.

Three main factors determine the price elasticity of supply which are <em>the amount of inventory or raw material in the industry, the capacity to increase or decrease the production, </em>and <em>the time needed to produce the good to be offered based on the price fluctuations.</em>

8 0

3 years ago