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never [62]
3 years ago
6

For an individual business owner, which of the following would typically be classified as a capital asset for federal income tax

purposes? a. Marketable securities. b. Inventory. c. Machinery and equipment used in a business. d. Accounts receivable.
Business
1 answer:
alisha [4.7K]3 years ago
6 0

Answer:

a. Marketable securities

Explanation:

A(correct one). Capital assets are able to cover all marketable securities unless the taxpayer becomes a dealer.

B -incorrect. The inventory is not such as capital although it is asset. It is fixed asset type

C-incorrect. The assets which are depreciable must be excluded from capital assets group. Because they will be fixed ones again.

D-incorrect. Accounts receivable of a business are excluded from the definition of capital assets. because they are the other section of accounting elements and not considered as asset at all.

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joja [24]

Answer:

A.$12,000

B.$8000

C.MRPL/PL = 3

MRPK/PK =2

D) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

Explanation:

(a) The Marginal Revenue Product of Labor (MRPL) can said to be the additional revenue generated when an additional worker is employed.

$66,000 - $54,000 = $12,000

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b) Marginal revenue product of capital is

( 62000 - 54000)= $8000

c) MRPL/PL = 12000/ 4000= 3

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Therefore Since these two ratios are not equal it means the firm is not using the least cost combination of inputs.

d) Since each of the above calculated ratios are more than one, therefore adding additional worker or tractor will increase the total revenue for each of the dollar spent.

5 0
2 years ago
A central bank buys treasury securities at market rates in order to:
Ber [7]

Answer:

C increase the money supply in the economy

Explanation:

apex

3 0
3 years ago
What’s dangerous about taking out a payday loan?
vagabundo [1.1K]

Answer:

the main danger with taking out a payday loan is that you may quickly get trapped in a cycle of debt ,although altho payday loan is normally for a fairly low sum of money, such as £200, it is easy to get trapped in a cycle of taking a new loan out every month to cover the same or increased shortfall

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Answer:

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