Answer:
Cost basis= $29,150
Explanation:
Cost basis refers to the initial purchase price of an asset that is used for tax purposes. It is the initial amount invested in an asset in addition to any commission's or fees.
Capital gains is the difference between the sale price and the the cost basis of an asset.
Tracking cost basis is necessary for determining the success of an investment and also for tax purposes.
We will sum the following to get the cost basis
Purchase price= $24,500
Shipping cost= $650
Paint= $1,000
Sales tax= $3,000
Cost basis= 24,500+ 650+ 1,000+ 3,000
Cost basis= $29,150
Answer:
money multiplier multiplied by monetary base
Explanation:
The money supply equals money multiplier multiplied by monetary base
Money supply is the quantity of money available in an economy for immediate use. It equals the currency held by public plus demand deposits at banks and
Monetary base is the sum of total currency in circulation and the amount held by banks as reserves.
A one-dollar increase in the monetary base causes the money supply to increase by more than one dollar. The increase in the money supply is the money multiplier.
Therefore Money supply is the monetary base multiplied by the money multiplier.
The correct answer is A.
Keeping financial records. The purpose of managerial accounting is different with the purpose of financial accounting whereby managerial accounting assists in decisions of the internal management for the firm. In accounting, we have an equation which states that liabilities plus owners equity is equal to the asset.
Answer: The multiple cut-off approach
Explanation:
The multiple cut-off approach used to select employees to work for a firm involves giving job applicants a series of exams and selecting applicants who were able to pass the required mark in each of the exam and dropping other applicants who don't meet up the pass mark in all the exams. This is a very useful method in selecting the very best hands for a job position.
Answer:
<em>Regression Analysis</em>
Explanation:
Regression analysis <em>is a strong statistical approach for evaluating the relation among two or more important variables. </em>
Although there are many forms of regression analysis, they all analyze the effect on a dependent variable of one or more independent variables at their core