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3 years ago

Lisa sells business property with an adjusted basis of $130,000 to her son, Alfred, for the fair market value of $100,000.

Business

1 answer:

Sphinxa [80]3 years ago

8 0

Answer:

a. The realized loss of Liza’s is $30000 (it is not recognized loss).

b.1 Alfred recognized gain is $8000 and realized gain is $38000.

b.2 Alfred recognizes loss of $20000.

Explanation:

a. Explanation

The sell of business property to his son at $100000 which has the market value $130000. Since Lisa incurring a loss of $30000 is considered as a realized loss. This loss can not be considered as the recognized loss because section 267 explains that sell or exchange of property between related parties is not considered as recognized.

b.1 Explanation

the recognized gain can be determined by subtracting the previously disallowed loss of $30000 from $38000 gain. However, the realized gain ($38000) can be determined by subtracting $100000 from $138000.

b.2 Explanation

The recognized loss of $20000 can be calculated by subtracting the $100000 from $ 80000.

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Answer:

The answer is option E) The type of analysis that Jamie is doing is best described as scenario analysis.

Explanation:

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Scenarios being considered can relate to a single variable, such as the relative success or failure of a new product launch, or a combination of factors, such as the results of the product launch combined with possible changes in the activities of competitor businesses. The goal is to analyze the results of the more extreme outcomes to determine investment strategy.

In this case, scenario analysis is used in analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales price, and the cost estimates.

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3 years ago

Assume that a consumer has a given budget or income of $24 and that she can buy only two goods, apples or bananas. The price of

Sindrei [870]

Answer:

12 bananas or 8 apples are needed to purchased

Explanation:

The computation of the number of bananas or the apples is shown below:

Since the income is $24

And, the price of an apple and the price of banana is $3 and $2 respectively

So, the number of bananas is

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= 12 bananas

And, the number of apples is

= $24 ÷ 3

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Therefore 12 bananas or 8 apples are need to purchased

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4 years ago

Which of the following is the most important role of marketing in the process selection decision?

IRISSAK [1]

Answer:

(C) Estimating and managing future demand.

Explanation:

Marketing is basically analyzing the demand of the consumers and then supplying it at maximum to get the maximum profit.

This involves some main steps, in which the most essential is the planning, which involves about estimating and managing the demand and then the entire plan of production, supply of commodity.

Thus, the most important step in marketing is to estimate the demand and supply, and then managing the future demand basically.

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3 years ago

Perdue Company purchased equipment on April 1 for $93,420. The equipment was expected to have a useful life of three years, or 7

k0ka [10]

Answer:

The depreciation cost per year is:

Year 1: $16,800

Year 2: $31,200

Year 3: $27,600

Year 4: $15,120

Explanation:

To calculate the depreciation cost for the equipment based on hours used, we must determine the cost per hour:

cost per hour = (purchase cost - salvage value) / expected useful life

cost per hour = ($93,420 - $2,700) / 7,560 hours = $90,720 / 7,560 hours = $12 per hour

The depreciation cost per year is:

Year 1: 1,400 hours x $12 per hour = $16,800

Year 2: 2,600 hours x $12 per hour = $31,200

Year 3: 2,300 hours x $12 per hour = $27,600

Year 4: 1,260 hours x $12 per hour = $15,120

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3 years ago

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marshall27 [118]

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