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4 years ago

Which is an example of product that is considered a need?

Business

2 answers:

qwelly [4]4 years ago

8 0

Answer: Breakfast foods

Explanation: if it can directly threaten the lives of people if not being consumed. This basic needs usually includes food and beverages, housings, clothing to some extend, Sanitary products, etc. Music, sports, and video game are considered to be tertiary product.

Hope this helps!

qaws [65]4 years ago

7 0

Answer:

Water

Explanation:

A product that is considered a need is water.

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Kareem bought a rental house in March 2014 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building.

Bingel [31]

Answer: See explanation

Explanation:

a. What is Kareem's realized gain or loss?

Amount realized from sale = $330,000

Less: adjusted basis for house and land = $269000

Less: tennis court adjusted basis = $6200

Realized gain = $54700

b. What is the adjusted basis of the rental house and land at the time of the sale?

Original land basis = $50000

Add: Original house basis = $25000

Less: Depreciation = $30900

Adjusted basis = $269100

c. What is the adjusted basis of the tennis court at the time of the sale?

Tennis court original basis = $7500

Less: Depreciation = $1300

Adjusted basis of the tennis court = $6200

d. If the buyer takes the property subject to the $80,000 mortgage, rather than assuming it, what is Kareem's realized gain or loss?

Amount realized = $330000 + $80000 = $410,000

Less: Adjusted basis for house and land = $269100

Less: Adjusted basis of tennis court = $6200

Realized gain = $134700

3 0

4 years ago

You are given the following data concerning Freedonia, a legendary country: Consumption Function: C = + Y Investment: I =

Grace [21]

Answer and Explanation:

Given that

Consumption function C = 200 + 0.9Y

Investment I = 300

Aggregate expenditure AE = C + I

Equilibrium AE = Y

Based on the above information

a. The level of equibrium income is

Y = AE = C + I

Y = 200 + 0.9Y + 300

0.1Y = 500

Y = 5000

b. The value of the investment multiplier is

= 1 ÷ (1 - MPC)

= 1 ÷ (1 - 0.9)

= 10

c. The change in the level of equilibrium income if investment increases by 10 is

Y = 200 + 0.9Y + 310

0.1Y = 510

Y = 5100

Change is

= 5,100 - 5,000

= 100

6 0

3 years ago

Briggs Excavation Company is planning an investment of $132,000 for a bulldozer. The bulldozer is expected to operate for 1,500

nevsk [136]

Solution and Explanation:

The yYearly Equal Cash Inflows = $(110-44-28) * 1500-8000$ = 46000

Present Value of Inflows at the rate of 10% = $46000 * \text { PVIFA( } 5 \text { years }, 10 \%)$ = 46000 multiply with 3.791 = 174386

NPV = 174386 minus 132500 = 42386

Briggs must make an investment in the project as it generates additional wealth and NPV is positive

For NPV = 0, PV of inflows = 132500

PV Of Inflows = Annual Cash Flow multiply with 3.791

Annual Cash Flow = 132500 divide by 3.791 = 34951.20

So, Hours = $(34951.20+8000) /(110-46-28)$ = 1193.08 hours

3 0

3 years ago

Stacey and Andrew each own one-half of the stock in Parakeet Corporation, a calendar year taxpayer. Cash distributions from Para

Fittoniya [83]

Answer:

Option 3

Explanation:

Earnings & profits (E&P) is the measure of a corporation’s economic ability to pay dividends to its shareholders. An up-to-date E&P calculation is important for many corporate transactions, including determining whether a distribution to shareholders is a taxable dividend.

The E&P allocated to Andrew's distribution

= 160,000 * 150,000/(350,000+150,000)

= 160,000 * 150,000/500,000

= 48,000

Option C

8 0

3 years ago

Bryan is hoping to run his own organic beef farm. Because he will be managing the farm on his own, what course might be helpful

Artist 52 [7]

B he wants to own his own business so he should study business

4 0

2 years ago

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