1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dvinal [7]
2 years ago
13

A resident of California sells Nevada real estate in an installment sale. In the current year he receives a return of principal

of $10,000, taxable gain of $2,000 and interest of $1,000. What is his California taxable income
Business
1 answer:
shepuryov [24]2 years ago
7 0

Answer:

The taxable income is $13000

Explanation:

The sell by California resident = $10000

The taxable gains = $2000

Given interest rate = $1000

Since during the year total amount received is the return of principal, gains, and interest rate. Therefore total amount = 10000 + 2000 + 1000 = $13000

Thus, the total amount received during the years is California taxable income.

You might be interested in
Services can not be stored, warehoused, or inventoried. Because of this, many hotels and airlines offer deep discounts on rooms
vagabundo [1.1K]

Answer: This scenario demonstrates the PERISHABILITY quality of services.

Explanation: A Service Organisation can be defined as an organisation that practice the provision of such a service as economic activity.

Some of the qualities of Services include; variability; perishability; heterogeneity etc.

The perishability quality of service refers to the fact that services cannot be stored, warehoused, or inventoried and, therefore, are perishable.

4 0
3 years ago
Read 2 more answers
Allocative efficiency means that ___________.
frutty [35]

Answer:

D. society’s scarce resources are used to produce products that align with consumer preferences

Explanation:

Allocation efficiency is a point in the economy when the goods and services being produced are exactly what the customers or people of the economy want  and this is a point of production when marginal social benefit of producing the good is equal to the producers marginal cost.

6 0
2 years ago
UESTION 7 You hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. The portfolio beta is equal to
PSYCHO15rus [73]

Answer:

New Beta = 1,17

Explanation:

Portfolio   #   Beta   NEW Beta  

$ 5.000          1  1,00   2,00  

$ 5.000         2  1,12   1,12  

$ 5.000         3  1,12   1,12  

$ 5.000         4  1,12   1,12  

$ 5.000         5  1,12   1,12  

$ 5.000         6  1,12   1,12  

$ 5.000         7  1,12   1,12  

$ 5.000         8  1,12   1,12  

$ 5.000         9  1,12   1,12  

$ 5.000        10  1,12   1,12  

$ 5.000        11  1,12   1,12  

$ 5.000        12  1,12   1,12  

$ 5.000        13  1,12   1,12  

$ 5.000        14  1,12   1,12  

$ 5.000        15  1,12   1,12  

$ 5.000        16  1,12   1,12  

$ 5.000        17  1,12   1,12  

$ 5.000        18  1,12   1,12  

$ 5.000        19  1,12   1,12  

$ 5.000        20  1,24   1,24  

$ 100.000           1,12   1,17  

5 0
3 years ago
Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goe
andre [41]

Answer:

the gourmet food that he was fed was poorly prepared

Explanation:

Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.

They must have proof that the person did the crime and also are only able to hold him for a reasonable time.

In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.

Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.

There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health

8 0
2 years ago
Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the
storchak [24]

Answer: 29.4 gallons

Explanation:

The Safety Stock that should be held by the company to have a Service Level of 99.0% will be:

= Z × σ × ✓LT

Z = 2.326

σ = Standard deviation = 8

LT = Lead time = 2.50

Safety stock = = Z × σ × ✓LT

= 2.326 × 8 × ✓2.50

= 2.326 × 8 × 1.58

= 29.4 gallons

The safety stock is 29.4 gallons.

3 0
3 years ago
Other questions:
  • Convert 39/5 to a mixed number written in lowest terms
    5·1 answer
  • Stockholders equity can be described as claims of
    5·1 answer
  • The market capitalization of this company is $140 million, it's beta is 0.75, the risk free rate is 2% and the market risk premi
    9·1 answer
  • What gives the us government the right to collect taxes?
    7·2 answers
  • How does the financial market impact the economy?​
    9·2 answers
  • Which of the following reasons would cause a company to reject an offer to accept business at a special price?
    11·1 answer
  • ABC Motors ordinarily deals in used cars and does some amount of repair work. Robby entrusted his automobile to ABC Motors to ha
    13·1 answer
  • What are financial institutions and why are they so important
    13·1 answer
  • During 2020, a self-employed taxpayer drives her car 4,000 miles to visit clients, 3,000 miles to get to her office, and 1,000 m
    8·1 answer
  • Inventory requires considerable investment for most manufacturers, wholesalers, and retailers. This problem is complicated by th
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!