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3 years ago

Colors of cars in a mall parking lot is?

Business

1 answer:

juin [17]3 years ago

6 0

Answer: Categorical

Explanation:

Categorical data refers to data that enables variables to be grouped into categories but in such a way that there is no ordering to the categories.

In this scenario, the cars will be grouped by their colors but these colors cannot be ordered by saying that red is higher than blue or yellow is higher than white. It is therefore Categorical data.

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Chris owns 70 percent of ABC Corporation. ABC Corporation had acquired land known as Parcel A in 1984 for $68,000 and held Parce

Paraphin [41]

Answer:

ABC

Realized Gain (loss) = ($300)

Recognized Gain (loss) = $0

Chris

Realized Gain (loss) = $8,000

Recognized Gain (loss) = $5,000

Explanation:

Seeing as Chris owns 70% of ABC Corp which is more than 50%, that would make them related parties. As they are related, certain Transaction must be treated differently.

In this scenario for instance, ABC sold Land to Chris, for this reason, they are not allowed to recognize any losses that occur from the sale.

ABC sold the land for $65,000 with a basis of $68,000.

= 65,000 - 68,000

= -$3,000

They REALIZED a loss of -$3,000. However they are not allowed to recognize this loss so the RECOGNIZED cost will be $0.

Chris then sells the land to an unrelated party for $73,000.

Chris's REALIZED GAIN is,

= 73,000 - 65,000 (the new basis)

= $8,000

However, because Chris is related to ABC Corp, he can deduct the original loss from his Realized gain.

= 8,000 - 3,000

= $5,000

Chris's RECOGNIZED gain is therefore $5,000.

4 0

3 years ago

Which of the following statements about advertising is most accurate? Advertising is the least costly form of promotion because

jek_recluse [69]

Answer:

The correct answer is letter "E": Through advertising, a company can control, to some extent, to whom the message is sent.

Explanation:

Advertising is the main key to Marketing by which companies promote their goods or services in an attempt to attract a target population. However, the process of determining what advertising technique a firm will use is not that simple. A series of psychological approaches are used to reach consumers strategically.

<em>Companies at a certain level, manage their marketing audience. Though, different mediums of communication allow people of all kinds, not necessarily the company's target population, to be aware of the promotion somehow.</em>

8 0

3 years ago

Chester's balance sheet has $77,842,000 in equity. Further, the company is expecting net income of 3,000,000 next year, and also

SashulF [63]

Answer:

$84,842,000

Explanation:

The book value is total assets less total liabilities

Book value = initial equity + equity issued + net income

$77,842,000 + $4,000,000 + $3,000,000 = $84,842,000

8 0

3 years ago

If your feeling sad take these points

Rashid [163]

Answer:

I m'not sad but I would take these points thank you ❤️

3 0

3 years ago

Read 2 more answers

Which of the following journal entries is recorded correctly and in the basic format? a. Salaries and Wages Expense 550, Cash 1,

Yuki888 [10]

Answer:

d. Salaries and Wages Expense 550, Advertising Expense 950, Cash 1,500

Explanation:

Whenever a new entry is posted firstly the accounts which are debited are entered.

Secondly the accounts which are credited are posted.

And, the total of debit and total of credit shall always be same, so that the entry is recorded properly.

As an expense, it reduces income and is always debited.

And as for settling the expenses cash is paid, cash being an asset when reduced will be credited.

Total expenses debited = Salaries and Wages + Advertising Expense = 550 + 950 = 1,500

Therefore, as against it cash paid = $1,500 shall be credited.

Cash = $1,500

Thus, correct option is d.

5 0

3 years ago