Consumption consists of spending by households on goods and services, with the exception of purchases of new housing
Answer:
8,000
Explanation:
Calculation to determine what Brinks' initial basis in Dex is:
Carryover Basis of Land Contributed by Brinks $12,000
Less Mortgage Assumed by the Partnership ($5,000)
Add Mortgage percentage Kept by Brinks $1,000
(.20 x $5,000)
Brink's Initial Basis $ 8,000
($12,000-$5,000+$1,000)
Therefore Brinks' initial basis in Dex is: $8,000
Answer:
An employee is terminated.
Explanation:
All the transactions, in a company or organisation are recorded in financial statements of the company.
For this each transaction having some numerical value, that has a monetary effect on the organisation is identified.
In the given case,
- purchase of equipment will involve direct monetary effect as cash will be paid, asset will be increased, etc:
- cash investment made, will again require cash outflow, and is presented as monetary in nature.
- Declaration of cash dividends gives existence to a liability called dividend payable, or scrips payable, and is thus, recorded in books.
- The termination of employee does not itself involve any direct monetary effect. As, the payment made or realized from such termination will be recorded in financial statements.
Answer:
Break-even point (units)= 2,500 units
Explanation:
Giving the following information:
The selling price of the product is $200.00 per unit and its variable cost is $80.00 per unit. The fixed expense is $300,000 per month.
<u>To calculate the break-even point in units, we need to use the following formula:</u>
Break-even point (units)= fixed costs/ contribution margin
Break-even point (units)= 300,000 / (200 - 80)
Break-even point (units)= 2,500 units
Answer:
Organizational Control
Explanation:
When the person or individual who plans to execute a highly effective process for regulating the activities of the organization in order to make them inconsistent with the expectations which is created by the mangers of the company will be known as the organizational control.
It is establish to accomplish the goals and objective of the company by the process of regulating, assigning and evaluating the resources.
