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
Tasya [4]
3 years ago
5

In 2019, Grant's personal residence was completely destroyed by fire. He was insured for 100% of his actual loss, and he receive

d the insurance settlement. Grant had adjusted gross income before considering the casualty item of $30,000. Pertinent data with respect to the residence follows: Cost basis $280,000 Value before casualty 250,000 Value after casualty –0– What is Grant's allowable casualty loss deduction?
a. $10,000
b. $6,500
c. $6,900
d. $0
e. $80,000
Business
1 answer:
tia_tia [17]3 years ago
7 0

Answer:

D) $0

Explanation:

The insurance company paid $250,000 to Grant to cover the loss of his house and that amount was 100% of the fair market value of the house. To calculate any casualty gain or casualty loss the money received form the insurance company should have been either larger or smaller than the fair market value of the house.

You might be interested in
Every month you need to generate and print a group of reports. You decide to display these reports in a batch. What should you d
Murljashka [212]

Answer:

<em>a. Select Process Multiple Reports from the Reports menu.</em>

Explanation:

Quickbooks enables you to print a batch of reports.

One might want to <em>print a series of monthly reports for your files using this function</em> (e.g. monthly Profit and Loss and Balance Sheet reports).

Because Quickbooks is unable to handle several Report Center files, one must start with the Report menu.

To start -  Select Multiple Reports from the Reports menu to show a report group.

4 0
3 years ago
Madeline purchased 8 songs on iTunes for $1.29 each. What was the total amount she spent?
ehidna [41]

Answer:

$10.32

Explanation:

If one song costs $1.29, and she buys 8 of them, you would multiply 1.29 by 8.

7 0
2 years ago
Read 2 more answers
For years, it has been Sarah's dream to start a charitable organization called Every Kid Eats in her hometown of Golden Valley.
Blababa [14]

Answer:

The answer is Nutrition is important to everyone, especially when they are learning, Every Kid Eats is an organization that helps elementary school age children in our town of Golden Valley eat better throughout the day.

Explanation:

Because the other statements talked about feeding all the childen in town. Her organization wants to feed the elementary school's childreN. Even though she wants to feed undernourished kids, the only statement that expressed better was the first one.

4 0
3 years ago
Hope is desperate for the new designer purse that she saw while window shopping at her local mall. She knew every girl in school
Lilit [14]

Answer:

D.

Explanation:

Conspicuous consumption is when a person pays an extremely high price for a product for its prestige value leading to a much higher demand than a simple price/demand relationship would justify.

Characteristics:

-Buying expensive items to display wealth and income rather than to cover the real needs of the consumer.

-Gain higher social status.

-Behavior not only limited to the rich/upper class but among the poorer social classes and emerging economies.

-Clear positioning.

-Time relation is the present.

-Able to take risks.

-Try new products.

-Love symbols of status.

-Wants status appreciation.

7 0
3 years ago
Sheri, a socialite, received bad publicity for her recent choice of evening wear. As a result, she decided to change designers.
julsineya [31]

Answer:

relational switching cost

Explanation:

Switching costs are those related to expenses that a customer assumes when switching from a product or service provider, are expenses related to effort, money, time among others.

Costs are often low in a fragmented market and low and high in a consolidated market with few substitute products.

There are three types of switching costs:

  1. procedure,
  2. financial,
  3. relational.

Relational switching cost is one that is not quantifiable, but concerns consumer resistance and discomfort in adapting to change from a new supplier.

7 0
3 years ago
Other questions:
  • Consider the following statements about goal congruence:
    8·1 answer
  • Why do societies need to make choices about distributing resources?
    12·1 answer
  • The managers of foodex, a fast food restaurant, record outputs on a daily basis by counting how many customers their employees s
    5·1 answer
  • Issued by money-centered financial firms, these short- or medium-term insured debt instruments pay higher interest than a regula
    10·1 answer
  • A homeowner sold her house and had net proceeds of $265,000. Her adjusted basis in the home was $231,000. She immediately bought
    14·1 answer
  • Orwell building supplies' last dividend was $1.75. Its dividend growth rate is expected to be constant at 22.00% for 2 years, af
    9·1 answer
  • Swifty Industries had sales in 2016 of $7,520,000 and gross profit of $1,261,000. Management is considering two alternative budg
    6·1 answer
  • Yuto owns a souvenir shop in Tokyo. He wants to reach English speaking tourists in his city during certain hours of the day. Whi
    6·1 answer
  • A&amp;X Corp wants to use option to hedge its receivables of 150,000 euro in 90 days; the available options are as follow: the c
    14·1 answer
  • The natural rate of unemployment equals:_________
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!