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densk [106]
3 years ago
15

Arianna's personal residence has an adjusted basis of $308,150 and a fair market value of $277,335. Arianna converts the persona

l residence to rental property. What is Arianna's gain basis? What is her loss basis? Arianna's basis for gain is $ and her basis for loss is $
Business
1 answer:
GuDViN [60]3 years ago
4 0

Answer:

Arianna's basis for loss $277,335

Arianna's basis for gain $308,,150

Explanation:

Calculation for Arianna's gain basis and loss basis

Since the original basis for loss on personal use assets that is been converted to either the business or the income producing use is the lower or lesser of the property's adjusted basis or fair market value on the date of conversion which means that the gain basis for the converted property will tend to be the property's adjusted basis on the date of conversion.

Arianna's basis for loss will be $277,335 (lower of $308,150 adjusted basis and fair market value of $277,335).

The amount of $30,815 that was been decline in value is a personal loss whichncan never be recognized for tax purposes this means that Arianna's basis for gain is $308,,150 (adjusted basis).

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g A review of Parson Corporation's accounting records found that at a volume of 146,000 units, the variable and fixed cost per u
Ganezh [65]

Answer:

The total cost is $1,796,600

Explanation:

Fixed costs are costs that do not change with the change in the volume of good or service sols, but under certain circumstances, when the fixed cost is a direct cost, it can vary on a per unit basis.

Variable costs are costs that change with the change of the volume of goods or service.

Total number of units = 138,200

variable cost per unit = $8

Total variable cost = 8 × 138,200 = 1,105,600

Fixed cost per unit = $5

Total fixed cost = 5 × 138,200 = 691,000

Total cost = 1,105,600 + 691,000 = $1,796,600

4 0
3 years ago
John Williams, manager of Phoenix Entertainment, wants to compute the variable overhead efficiency variance for the year. He has
Georgia [21]

Answer:

2nd option is correct.

Explanation:

Variable over head       =     (Actual  Qty.  - Standard Qty. ) * Standard cost

Efficiency variance

                                      = (10125-9000) * 30

                                      =  $ 33750 (Un-Favorable)

2nd option is correct.

Variance is unfavorable because actual quantity used to produce is more than budgeted quantity allowed at that level of production.

6 0
3 years ago
One suggestion for helping poor countries enjoy the benefits of free trade is for richer nations to reduce barriers to importing
boyakko [2]

The suggestion is that poor countries reduce barriers to products relating to agriculture and <u>textile </u>products.

<h3>Why the suggestion?</h3>
  • It is thought that poorer nations produce certain type of products and these should be traded freely in developed countries.
  • It is hoped that this would allow poorer nations to become richer.

Some of those products include agricultural and textile products, both of which require little processing from raw materials which are abundant in poorer nations.

Find out more on agriculture in poorer nations at brainly.com/question/25077523.

7 0
2 years ago
At January 1, 2016, Deer Corp. has beginning inventory of 2,000 surfboards. Deer estimates it will sell 10,000 units during the
BlackZzzverrR [31]

Answer:

Sales revenue= $1,881,600

Explanation:

Giving the following information:

Deer estimates it will sell 10,000 units during the first quarter of 2016 with a 12% increase in sales each quarter. Each surfboard costs $100 and is sold for $150.

Sales:

First quarter= 10,000

Second quarter= 10,000*1.12= 11,200

Third quarter= 11,200*1.12= 12,544

Sales revenue= 12,544*150= $1,881,600

7 0
3 years ago
Becky only eats out at Macaroni Grill, and she eats out three times per month. She receives a raise from $31,900 per year to $33
choli [55]

Answer:

Price elasticity of demand =  10.21

Explanation:

Given:

Old income (P0) = $31,900

New income (P1) = $33,500

Old Quantity (Q0) = 3 times

New Quantity (Q1) = 5 times

Computation of Price elasticity of demand :

Midpoint method:

Price elasticity of demand =  

\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\frac{\frac{5-3}{\frac{5+3}{2} } }{\frac{33,500-31,900}{\frac{33,500+31,900}{2} } }\\\frac{\frac{2}{\frac{8}{2} } }{\frac{1600}{\frac{65400}{2} } }\\\frac{\frac{2}{4} }{\frac{1600}{32700} } }\\10.21

Price elasticity of demand =  10.21

5 0
3 years ago
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