Answer:
$53,571 $ $71, 429
Explanation:
The basis for land and warehouse represents the value to be recorded in the books of Bob. When assets are acquired, they are recorded at their cost price, referred to as the basis.
Bob acquired the land and the warehouse by paying a total of $125,000. The combined basis for the two will be $125,000. To determine the basis for each, we will use their fair value to apportion the basis proportionately.
The total fair value for the land and warehouse is $175,000( 75,000 + 125,000)
The basis for the warehouse will be
=75,000/175,000 x 125,000
=0.428571 x 125,000
=$53,571
The basis for land
=100,000/175,000 x 125,000
=0.571428 x 125,000
=$71, 429
Answer:
$297
Explanation:
We are to find the simple interest received by each of Michael and John after 1 year on $11000 at their respective rate of interest, then subtract the bigger from the smaller, the difference is the answer.
Simple Interest = PxRxT
P = Principal
R = Rate
T = Time
Michael
P = $11,000
R = 3%
T = 1 Year
Simple Interest = $11000 x 3% x 1
= $11000 x 0.03
= $330
That is Michael will receive an interest of $330 after 1 year
John
P = $11000
R = 5.7%
T = 1 Year
Simple Interest = $11000 x 5.7% x 1
= $11000 x 0.057
= $627
This means John will receive an interest of $627
Therefore, John will receive $627 - $330 = $297 more than Michael
Answer:
people will likely buy less cigarettes and liquor from them
Explanation:
Mark and Barry own the Warehouse Liquor Store in town. They are careful to pay all of their taxes in full and on time. Recently the local government has decided to raise the taxes imposed on the sale of cigarettes and liquor. Barry and Mark are upset about this because people will likely buy less cigarettes and liquor from them
The local government raising the tariff will cause their prices to go up thereby discouraging people form buying from themdue to the price hike
<span>asset turnover ratio is the ratio of the value of a company's sales or revenues generated relative to the value of its assets. The Asset Turnover ratio can often be used as an indicator of the efficiency with which a company is deploying its assets in generating revenue.
Given that the sales is 60k and the value of the asset is 370k, the ratio is simply the sales / value of assets which is 60/(370-88).</span>
Answer:
technological discontinuity
Explanation: