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SOVA2 [1]
3 years ago
15

Eugene Forest sold the following assets: stock acquired 5 years ago (cost $10,000) for $15,000, business equipment held 3 years

(cost $28,000; adjusted basis $ 22,000) for $30,000, inventory held 2 years (cost $11,000) for $14,000, and personal car, held 2 years (cost $8,000) for $12,000. What is the amount of Forest's Sec. 1231 gain or loss? a) S 2.000 b)$ 8,000 c)$20,000 d) $29,000 e) None of the above
Business
1 answer:
hodyreva [135]3 years ago
8 0

Answer:

Option A is correct one.

<u>$2000</u>

Explanation:

So we only consider business equipment which is held for 3 years

Sales value=$30000

Less : Cost=$(28000)

Gain value=30000-28000

=$2000

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Nat2105 [25]
Well, you just need to find it using this formula :

5,000 x [100 % -  (3% x 91/365)]

= 5,000 x [ 100 % - 0.007479]

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= $ 4,962.50 >>> rounded

Hope this help
3 0
2 years ago
Read 2 more answers
Store A uses the newsvendor model to manage its inventory. Demand for its product is normally distributed with a mean of 500 and
Llana [10]

Answer:

maximum profit = $7500

so correct option is c  $7500

Explanation:

given data

mean = 500

standard deviation = 300

cost = $10

price = $25

Inventory  salvaged = $5

to find out

What is its maximum profit

solution

we get here maximum profit that is express as

maximum profit = mean × ( price - cost )   ..................................1

put here value in equation 1 we get maximum profit

maximum profit = mean × ( price - cost )

maximum profit = 500 × ( $25 - $10 )

maximum profit = 500 × $15

maximum profit = $7500

so correct option is c  $7500

4 0
3 years ago
True or false: a country is possibly overinvesting in human capital if the best job a ph.d. in philosophy can find is managing a
Alenkasestr [34]
 I'm pretty sure it's False I hoped I helped you 
7 0
3 years ago
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What is (are) the main problems in using a balance sheet to provide an accurate assessment of the value of a company's equity?
frez [133]

Answer:

A) Valuable assets such as the company's reputation, the quality of its work force, and the strength of its management are not captured on the balance sheet.

Explanation:

As we know that the balance sheet records the assets, liabilities and the equity of the company. Now the main problem with the balance sheet is that the valuable assets such as reputation of the company, work force quality, management strength would not captured here as it only records the monetary transactions.

Therefore the correct option is a.

3 0
2 years ago
Which of the following individuals and groups are considered intermediaries in the healthcare industry?
Marina CMI [18]

Answer:

C. health maintenance organizations

Explanation:

Healthcare intermediaries organizations that form links between small-scale providers to interact with governments, patients and vendors. These organizations can perform key health systems functions which are typically more challenging for individual private providers to do on their own.  An individual pays the health maintenance organisation in advance for medical  care that he may require in the future and the organisation provides  medical care to the individual when the need arises. These organisations are able to provide this care by paying doctors affiliated to them, and  other healthcare providers who deliver care to the patients

6 0
2 years ago
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