How would you define brand attitude?

In the current year, Wilson Enterprises, a calendar year taxpayer, suffers a casualty loss of $135,000. The casualty was attribu

bekas [8.4K]

Answer:

Wilson Enterprises is entitled to claim his casualty loss since it was a federally declared disaster and has not been compensated by any insurance company as the question proclaimed. Wilson Enterprises is therefore entitled to a casualty loss of $76,725.00

Explanation:

Casualty and theft losses are limited to a $100 threshold per loss event (this works like a deductible) and an overall amount that must exceed 10 percent of your Adjusted Gross Income (AGI) in order to take the deduction. Losses do not include any property that is covered by insurance if the insurance company reimburses you for the loss.

SOLUTION

Wilson Enterprises is therefore entitled to a casualty loss of $135,00.00

Therefore, using the provision of the law, $100.00 was to be the statutory claim

= $135,000.00 - $100.00) = $134,900.00

∴ AIG = $518,750.00

Therefore, 10% 0f AIG Threshold = ($518,750.00 x .10) =$58,175.00

To find the deductible Loss

$134,900.00 - $58,175.00 = $76,725.00

Therefore, the deductible loss is $76,725.00

8 0

3 years ago

Managers in businesses direct their activities toward earning money for their company and its owners, whereas managers in nonpro

ikadub [295]

Answer:

b. generating some kind of social impact

Explanation:

Business ventures are established with a profit motive. The investor risks their resources, time, and efforts in the expectation of making profits. The investor and his or her business manager employ their skills and experiences to ensure that the business is profitable.

Not-for-profit organizations are formed to provide a service to specific members, a section or entire society. They aim at improving the well being of the community by providing essential services. Not for profit organization offer free services or charge a minimum fee. They get funding from members or founders of the organization or may receive donations from institutions and the general public.

8 0

3 years ago

Cotton Hotel Corporation recently purchased Emporia Hotel and the land on which it is located with the plan to tear down the Emp

ExtremeBDS [4]

Answer:

c. capitalized as part of the cost of the land.

Explanation:

These are the options for the question

a. depreciated over the period from acquisition to the date the hotel is scheduled to be torn down.

b. written off as an extraordinary loss in the year the hotel is torn down.

c. capitalized as part of the cost of the land.

d. capitalized as part of the cost of the new hotel.

From the question, we are informed about Cotton Hotel Corporation

which recentlyy purchased Emporia Hotel and the land on which it is located with the plan to tear down the Emporia Hotel and build a new luxury hotel on the site. The cost of the Emporia Hotel should be capitalized as part of the cost of the land. In financial accounting, cost of land can be regarded as asset valuation method which can be used to land that shows on the balance sheet of a company. This cost would encompass all amount spent when acquiring the property and other expenses.

,

6 0

3 years ago

the law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

yKpoI14uk [10]

Konichiwa~! My name is Zalgo and I am here to be of assistance to you on this fun-filled day. The answer to your question is "False". You can not sue your employer for unsafe working conditions, meaning it is also not completely their responsibility for unsafe working conditions. All you can really get from it is compensation.

I hope that this info helps! :T

"Stay Brainly and stay proud!" - Zalgo

(By the way, do you mind marking me as Brainiest? I'd greatly appreciate it! Arigato~! X3)

8 0

4 years ago

Read 2 more answers

Hard Nails and Bright Nails are competing nail salons. Both companies have the same number of customers. Both charge the same pr

NemiM [27]

Answer:

Option A is correct.

will earn a higher profit than Bright Nails

Explanation:

If sales of both saloons increases by an equal amount then Hard Nails will earn a higher profit than Bright Nails.

The strategy of Hard Nails is that it is paying it's manicurists on a salary basis i.e it is a fixed cost. If sales increases Hard Nails will not give any extra amount to it's manicurists.
On the other hand the strategy of Bright Nails is that it is paying it's manicurists on the basis of no. of customers they serve. So, if sales increases then it have to pay more amount to it's manicurists.

3 0

3 years ago