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Paul [167]
3 years ago
6

Chris donated securities with a cost of $20,000 and a fair market value of $50,000 to a local civic theater. Chris's tax deducti

on was limited to $35,000. At what amount should the theater record the securities at the date of donation
Business
1 answer:
Sunny_sXe [5.5K]3 years ago
5 0

Answer:

$50,000

Explanation:

The theatre should record the securities at the date of donation for $50,000 because for donated securities, they are usually recorded at the fair value upon receipt. Also, for contribution - which is a gift, usually measured at the fair value when received to the not for profit organization , same applies to securities.

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A process that produces computer chips has a mean of .04 defective chip and a standard deviation of .003 chip. The allowable var
Anarel [89]

Answer:

a) 0.667

b) Yes

Explanation:

Data provided in the question:

Mean = 0.04

Standard Deviation = 0.003

Upper Specification Limit, USL = 0.046

Lower Specification Limit, LSL = 0.034

Now,

a) Capability Index is given as:

Cp = \frac{(USL-LSL)}{(6\sigma)}

or

Cp = \frac{(0.046-0.034)}{(6\times0.003)}

or

Cp = 0.667

Also,

Cpk = min(\frac{(USL-Mean)}{(3\sigma)},\frac{(Mean-LSL)}{(3\sigma)}

or

Cpk = min(\frac{(0.046-0.04)}{(3\times0.003)},\frac{(0.04-0.034)}{(3\times0.003)}

or

Cpk = min( 0.667 , 0.667 )= 0.667

Since,

Cp and Cpk are same in this case

therefore, it is ideal condition and process is capable

b) yes

6 0
3 years ago
"?________ the owners of the factors of? production, while? ________ what amounts of those factors to hire."
emmasim [6.3K]
Households are the owners of the factors of productions, while firms determine what amounts of those factors to hire.
7 0
3 years ago
Current account and ______ account are the two major components of a statement that summarizes all debit and credit transactions
alina1380 [7]

current account and 2 years after acount are the two major components of a statement that summarizes all debit and credit transactions of one country with the rest of the world.

6 0
2 years ago
Suppose you were considering depositing money in a savings account at two different banks. Each bank will pay 5% interest. Howev
Nastasia [14]

Answer

The answer and procedures of the exercise are attached in a microsoft excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

Bank-B is better to invest because it has higher Future value due to higher effective annual interest rate.

4 0
3 years ago
Jim agrees orally with West Bank to guarantee a loan that West Bank will make to Susan to purchase an existing restaurant upon S
andrew-mc [135]

Answer: false

Explanation:

The statute of frauds requires some specific contracts types to be executed in writing. According to the statute, the contracts covered include agreements that involve goods worth over $500,

contracts for land sale, and also contracts that last for either one year or more.

Based on the scenario above, it is false as Jim's guaranty agreement with West Bank is enforceable under the Statute of Frauds

5 0
3 years ago
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