1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kifflom [539]
3 years ago
15

Steve Colburn's portable sawmill used 100% for business, was completely destroyed by fire. The sawmill had an adjusted basis of

$35,000 and a fair market value of $50,000 before the fire. The sawmill was uninsured. Steve's casualty loss is:________.1) $49,900.
2) $50,000.
3) $35,000.
4) $34,900.
Business
1 answer:
pashok25 [27]3 years ago
8 0

Answer: $35,000

Explanation:

A casualty loss is simply a loss that an individual or business incurs when a property is damaged, or destroyed due to an unexpected or sudden event like fire, volcanic eruption, flood etc.

Here, Steve's casualty loss will be gotten when we compare both his adjusted basis and the fair market value and then we choose the lesser one. Since $35000 is lesser than $50000, therefore the answer will be $35000.

You might be interested in
For higher levels of management, responsibility accounting reports:
Yuri [45]

Answer:

Option A is correct one.

<u>Are more summarised than for lower levels of management</u>

Explanation:

For higher levels of management, responsibility accounting reports<u> are more summarised than for lower levels of management.</u>

It is a summarised report facilitating the higher levels of management in order to keep a track of performance of low level management.

5 0
3 years ago
What is the current price for a bond worth $4,000 that has a price quote of 50?
barxatty [35]

Answer:

$ 2,500 as far as i know.

Explanation:

7 0
3 years ago
Your cousin is currently 14 years old. She will be going to college in 4 years. Your aunt and uncle would like to have $ 115 com
kumpel [21]

Answer:

they need to put into the account $99444.97

Explanation:

given data

age = 14 year

time period = 4  year

saving account  = $115000

fixed interest rate = 3.7% per​ year = 0.037

future value = $115000

solution

we get here present value that is express as

present value = \frac{future\ value }{(1+ rate)^t}     ..........................1

put here value and we get

present value = \frac{115000}{(1+ 0.037)^{4}}      

solve it we get  

present value = $99444.97

so they need to put into the account $99444.97

6 0
2 years ago
Phillip owns a large real estate firm. He imparts training to the managers of the firm to help them effectively manage its multi
Flauer [41]

Answer:

A. skills-based diversity training

Explanation:

Based on the information provided within the question it seems that Phillip is using skill based diversity training in this scenario. This refers to  a training approach that focuses on dealing with diversity in multiethnic workforces and providing the necessary skills to solve various types of problems within them. Which is exactly what is happening in this situation.

4 0
3 years ago
Brazil is one of the world’s lowest-cost producers of ethanol and soybeans. Japanese corporations have heavily invested in Bra
guapka [62]

Answer: The Japanese companies invest in Brazil in order to cut cost.

Explanation:

Since Brazil is one of the world's lowest-cost producers of ethanol and soybeans. Japanese corporations investing heavily in Brazil to lease large tracts of land to grow soybeans for export to Japan, are doing this in order to minimize their cost.

Growing soyabeans in Brazil is cheaper since there's a lower cost of producing it when compared to the higher cost of producing it in Japan. This in turn, helps the Japanese companies reduce their cost as the cost of factor Input is reduced and also the Japanese companies can make more profit.

8 0
3 years ago
Other questions:
  • A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2
    10·1 answer
  • What does a single point on the supply curve represent?a. The cost of producing the given quantity of filmb. the amount of profi
    14·1 answer
  • The supply curve for watches
    13·1 answer
  • A restaurant chain has used data mining to determine that its hot dogs are unpopular with diners. Therefore, it reduces its orde
    10·1 answer
  • Net worth is the amount you owe creditors.<br> a. True<br> b. False
    8·1 answer
  • Why are bonds known as fixed income investments?
    13·1 answer
  • Pout Company reports assets with a carrying value of $420,000 (including goodwill with a carrying value of $35,000) assigned to
    5·1 answer
  • How many courses do you need to finish a major?
    14·1 answer
  • During a recession, the market demand curve, which is a function of marketing expenditure, ________. A. becomes vertical B. shif
    5·1 answer
  • Products that cost a lot of money but that people buy anyway because of the status and exclusivity that they project to others a
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!