Termites and insect damage, bird or rodent damage, rust, rot, mold, and general wear and tear are not covered.
Answer:
The correct answer is Primary search.
Explanation:
It is called primary information that is produced directly by and for an investigation, using any type of techniques (quantitative or qualitative). The primary sources of information are constituted in the purest form in obtaining data, because it is the original production of data. It is the first-hand material related to the object under investigation.
Examples of primary sources: a document created by someone with a specific purpose, articles written with specific objectives, a survey, an interview, observation, tests and projective techniques, a discussion group, etc.
Answer:
a. Compute Werbung's taxable income and tax for the year.
taxable income = $430,000 (revenue) - $355,000 (operating expenses) + $25,000 (long term capital gains) - $2,000 (long term capital loss) - $30,000 (short term capital loss) = $68,000
Corporations must include all their income and gains/losses under operating income, only individuals (including self employed, sole proprietorships and partnerships) can segregate between regular income and capital gains or losses.
b. Assume the same facts except that Werbung's long-term capital gain was $50,000.
taxable income = $430,000 (revenue) - $355,000 (operating expenses) + $50,000 (long term capital gains) - $2,000 (long term capital loss) - $30,000 (short term capital loss) = $93,000
Answer:
$142,640
Explanation:
Given that
Present value of annuity = $474,420
Discount rate = 20%
Useful life = 6
The computation of annual benefits is shown below:-
Present value of annuity = Annual Benefits × Present value of annuity factor(20%,6)
$474,420 = Annual benefits × 3.326
Annual benefits = $474,420 ÷ 3.326
=$142,640
So, for computing the annual benefits we simply applied the above formula.
Answer:
Positive economic statements refers to the statements which are normally fact based, precise and easily measurable. For example, education facilities provided by the government increases the public expenditure. This is a fact based statement and the value of this statement is not judged. It can be proven by researching about the education facilities provided by the government.
Normative economic statements refers to the statements which are value based and opinion oriented. These statements includes the people desirability, feelings, situations, economic development. The basic aim of these statements is summarize the people's wants into the programs and the economic development by asking various questions.