In most case, the average amount of time between price changes for gasoline is <u>two to three weeks</u>.
<h3>What is a price changes?</h3>
Most time, a price changes often come about because of changes in the conditions of demand and supply. A gasoline prices tend to always increase when the available supply of gasoline decreases relative to real or expected gasoline demand or consumption.
Some factors that change the price of gasoline are:
- Crude oil prices
- Refining costs
- Taxes
- Distribution
- marketing costs.
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Answer:
$160,000
Explanation:
Data provided in the question:
Value of the building acquired = $170,000
Number of shares exchanged = 10,000
Selling price of the stocks = $16 per share
Now,
The amount for which the building will be recorded by Steak Company is the market value of the shares that has been exchanges to acquire the building.
Therefore,
The amount for which the building will be recorded by Steak Company
= Number of shares exchanged × Selling price of the stocks
= 10,000 × $16
= $160,000
Answer:
Beaver's total taxable income and federal income text paid as result of distribution is $500,000 and $105,000 respectively.
Explanation:
The computation of the taxable income and the federal income is shown below:
Taxable income = Taxable income + loss
= $500,000 + $0
= $500,000
Since the fair value is $20,000 is less than the mortgage on land i.e $25,000 so it would be a loss of $5,000 which would not be considered so we put the value zero.
And, the federal income equal to
= Taxable income × income tax rate
= $500,000 × 21%
= $105,000
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