Answer:
$700,000
Explanation:
Data provided in the question
Sales price of the home = $960,000
Cost price of the home = $260,000
Based on the above information,
The computation of the amount of gain included in gross income is shown below:
= Selling price of the home - cost price of the home
= $960,000 - $260,000
= $700,000
Hence, the amount of gain i.e $700,000 is included in the gross income
Answer:
In finance, equity is the ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets.
Explanation:
got 100%
Answer:
30,800 units
Explanation:
Production Budget for 2016
Budgeted Sales 29,000
Add Budgeted Closing Inventory 3,000
Total 32,000
Less Budgeted Opening Inventory (1,200)
Budgeted Production 30,800
therefore,
The budgeted production (in units) for 2016 is 30,800 units
Answer:
A). Average total cost will always exceed average variable cost.
C). Average fixed cost cannot increase with output, at any level of output
Explanation:
- In the short term, a company that increases its profits will increase production if the marginal cost is less than the marginal income.
- Reduction in production if marginal cost exceeds marginal income. Continue production when the average variable cost is less than the unit.
- so correct answer is A and C