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3 years ago

(ANSWER FAST)(35 POINTS)

Business

2 answers:

nika2105 [10]3 years ago

8 0

Answer:

highest paying

Explanation:

not sure tho tell me if im right

LUCKY_DIMON [66]3 years ago

7 0

Highest paying is the correct awnser

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If the state of Washington's government collects $75 billion in tax revenues and total spending in the same year is $74.8 billio

d1i1m1o1n [39]

Answer:

b. budget surplus.

Explanation:

A budget surplus is when income from taxes exceeds government spending .

The budget surplus = $75 billion - $74.8 billion = $0.2 billion

A budget deifict is when government spending exceeds income from taxes.

I hope my answer helps you.

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3 years ago

Suppose that identical twin eye doctors work across the hall from each other. Even their parents have trouble telling them apart

suter [353]

Answer:

False

Explanation:

The statement is false: because

As provided the doctors are identical and even there parents cannot differentiate properly and are mistaken sometimes.

As the doctors practice across the hall, that is the same place, any customer if there is an increase in fee of Doctor 1 will substitute his doctor, into another, as both are common with knowledge, and practice.

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Thus the price elasticity of demand is infinite, as all customers might be loosed.

Therefore, the statement is false.

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FromTheMoon [43]

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2 years ago

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The following account balances were drawn from the financial statements of Grayson Company:Cash: $8,800Accounts Receivable: $3,0

vredina [299]

Answer:

Common Stocks 15,400

Explanation:

cash 8,800 Account Payable 2,500

account receivable 3,000 Common Stock x (B)

Total Current Assets 11,800 Reained Earnings 9,900 (A)

Land 16,000

Total Assets 27,800 Liability + SE 27,800

<u>(A) First we calculate the RE:</u>

beginning RE + net income

net income = revenue - expense

19,000 - 14,500 = 4,500

beginning RE + net income

5,400 + 4,500 = 9,900

<u>(B) We solve for Equity using the accounting equation</u>

Liab + Equity = Assets

2,500 + (Comon Stock + Retained Earnings) = 27,800

Common stock + 9,900 = 27,800 - 2,500

Common stock = 27,800 - 2,500 - 9,900 = 15,400

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3 years ago

An office building with an adjusted basis of $320,000 was destroyed by fire on December 30, 2013. On January 11, 2014, the insur

STALIN [3.7K]

Answer:

i. $40,000

ii. $410,000

iii. 180 days after July 12, 2015

Explanation:

i. The taxpayer's recognized gain is $40,000 ($450,000 -$410,000). The cost of the new office - the amount received from the insurance company.

ii. The taxpayer's basis for the new office is the cost of purchasing the new office building which is $410,000.

iii. Taxpayers can qualify for deferral treatment if they reinvest proceeds into a QOF (Qualified Opportunity Funds) within 180 days of receiving the gain. Because the new office was purchased on July 12, this is the applicable date.

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3 years ago