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Vlad1618 [11]
4 years ago
12

In the current year, Oriole Corporation donated a painting worth $30,000 to the Texas Art Museum, a qualified public charity. Th

e museum included the painting in its permanent collection. Oriole Corporation purchased the painting 5 years ago for $10,000. Oriole's charitable contribution deduction is $30,000 (ignoring the taxable income limitation).
a. True
b. False
Business
1 answer:
Alona [7]4 years ago
4 0

Answer:

b. False

Explanation:

Selling price of Painting = $30,000

Purchase price of Painting = $10,000

Contribution of Painting = Value of Painting - Purchase price of painting

Contribution of Painting = $30,000 - $10,000 = $20,000

Oriole's charitable contribution deduction is $20,000

So, the statement is false as the contribution is $20,000 rather $30,000.

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Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $
VLD [36.1K]

Answer:

Chiquita makes an economic profit of $250,000.

5 0
3 years ago
Dax has been promoted to a first-line manager. Dax's new position will require him to spend a lot of time
monitta

Answer

This new position as a first line manager will require him to operate his departments. This role requires him to assign tasks, manage the work flow, monitor the quality of work, solve the employees problems and keep informing the middle and executive managers on challenges and success on the ground level of the company.

Explanations

First-line managers provide firsthand information on true challenges and can offer better and workable solutions. This is because they have the immediate view of the outcomes of the policies, strategies, marketing approaches and production capabilities of the company. They have the ear of upper managers, where they will offer solutions that can improve the processes in the company and the procedures. In addition to that, first-line managers are expected by the work-group employees to protect them from policies and initiatives which are unreasonable.



5 0
3 years ago
Long-term investments tie up money for
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Answer:Long-term investments tie up money for More than one year.

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5 0
3 years ago
The value-added method involves taking the cost of intermediate outputs (i.e., outputs that will, in turn, be used in the produc
Brut [27]

Answer:

Value Added = Value of Output - Intermediate Consumption = Final Goods    .                                                                                                       Value

Explanation:

This can be explained with an example:

A produces flour & sells it to Grocer for Rs 100. Grocer produces Wheat & sells it to Baker for Rs 150. Baker produces bread & sells it to Consumers for Rs 200.

Value of Final Product (Used by end consumers) i.e Bread = Rs 200.

However if considering total Value Of Output including all value added at each stage = 100 + 150 + 200 = 450. This is Overestimated value of Final product Bread, because of 'Double Counting' - Grocer's wheat includes the intermediate good (good purchased for further resale/reprocessing) value of flour and Baker's bread includes value of Wheat & flour intermediate products both.

This problem can be solved by: Calculating Value Added (by subtracting intermediate consumption) at each stage & then summing it to get the Final good value.

In this case: Farmer's Value Added = VO - IC = Flour Value - 0 = 100 .

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Adding value added by all these 3 we get , 150 + 50 + 50 = 200 i.e equal to final good bread value 200.

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​"all employees must be at their work stations and ready to work by the time the buzzer​ sounds." this is an example of​ _______
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