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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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In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 19
uranmaximum [27]

Answer:

B) $1,132,895

Explanation:

If the CPI = 15.2 in 1931, and in 2012 it was = 229.6, then President Hoover was making a fortune = (229.6 / 15.2) x $75,000 = $1,132,895, and he was a terrible president, one of the worst ones in all history.

In 2012 when President Obama was in office, he made around $400,000 and he was a much better president.

6 0
3 years ago
Because many consumers choose stores based on proximity to their workplaces or homes, great locations are
lisabon 2012 [21]

Because many consumers choose stores based on proximity to their workplaces or homes, great locations are : <u>a competitive advantage that few rivals can duplicate.</u>

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A consumer is someone who buys things for a non-commercial purpose, either for themselves or for others. Companies use consumer marketing campaigns to sell to consumers. Campaign messaging focuses on both acquiring potential customers and retaining current customers.

Consumers can be either an individual or group of people who purchase or use goods and services solely for personal use, and not for manufacturing or resale. They are the end-users in the sales distribution chain.

There are four types of consumers: omnivores, carnivores, herbivores and decomposers. Herbivores are living things that only eat plants to get the food and energy they need.

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7 0
1 year ago
Shelly's company produces computers, phones, and tablets. About six months ago, Shelly began to keep track of number of hours wo
charle [14.2K]

Answer: B.) productivity at the work site has increased.

Explanation: The considerable increase in output at the work site while still maintaining the same number of workers and hours worked over the last six months shows that the productivity at the work site has increased. Productivity which is usually compares unit output to the rate of inout per unit. The effectiveness of the input or production effort is used to measure the degree of productivity. Therefore, when the output derived by maintiaing the same unit of input increases, then productivity has increased. If it decreases, then productivity has decreased.

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3 years ago
The Constitution defines all of the following as limits of the government’s power to tax except that _____.
Arisa [49]
Constitution has something called Bill of Rights which are your rights. Also,  Supreme Court (Judicial branch) is there to interpret the laws. They can declare a law unconstitutional and all disputes between individual and government are settled in Supreme Court. 
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3 years ago
Argue why are Treasury bills a favorite place for financial managers to invest excess cash, as compared to other options? Your a
Maurinko [17]

Treasury bills are a favorite place for financial managers to invest excess cash because of the sizable and vibrant market in which they are traded.

<h3>What are treasury bills?</h3>

Treasury bills are referred to as short-term securities issued by the government when they require cash. In comparison to their face value, bills are offered at a discount.

As a result, the investor can choose any term from one day to a year, literally defining the desired maturity. Maximum liquidity is offered by the "T-bill" market, which may take on practically any volume of activity.

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1 year ago
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