Answer:
<em>Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.</em>
Answer:
There is loss of $109,120
Explanation:
Lossrecognized=Marketvalue−Purchasevalue
=$1773200-1364000
Therefore, loss recognized by “M” Corporation is $409,200
Determine the gain or loss of A:
LossbyA=Purchasevalue−Liability−ActualbasisofM
=[($1364000-$1091200)×40%]−$218240
=$109120−$218240
=($109,120) loss
Answer:
$14,500
Explanation:
The size of Ginny's taxable capital gain = $64,500 - $50,000 = $14,500
Note: Capital gains tax is a tax on the profit realized on the sale of a non-inventory asset.
Answer:
takeoff
Explanation:
Is the third stageof economic development in which rapid economic growth occurs, theeconomy diversifies from few industries to several industries.
Answer:$10,350
Explanation:
3,450* 3 (month minimum) = 10,350
