Answer:
D) $0
Explanation:
The insurance company paid $250,000 to Grant to cover the loss of his house and that amount was 100% of the fair market value of the house. To calculate any casualty gain or casualty loss the money received form the insurance company should have been either larger or smaller than the fair market value of the house.
Answer:
The amount of inventory destroyed in the tornado is $105,700
Explanation:
We know that,
Beginning inventory + purchase of inventory + Gross profit = Sales + ending inventory
$228,350 + $199,400 + $322,050 = $644,100 + ending inventory
$749,800 = $644,100 + ending inventory
So, the ending inventory equals to
= $749,800 - $644,100
= $105,700
The gross profit equals to
= Gross profit percentage × sales
= 50% × $644,100
= $322,050
The inventory is destroyed so we assume the ending inventory is destroyed which equal to $105,700
Answer:
Human Resource activities such as recruiting skilled and talented individuals, developing them during their time with the company and ultimately retaining them affects positively the general performance of the company by linking individuals to the operational, business and strategic aspirations of the organization,
Answer:
Capital goods are different from financial capital, which refers to the funds that companies use to grow their businesses. Natural resources not modified by human hands are not considered capital goods, although both are factors of production. ... That means capital goods do not directly create revenue like consumer goods. Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization. Human capital is the economic value of the abilities and qualities of labor that influence productivity. These qualities include higher education, technical or on-the-job training, health, and values such as punctuality. Investment in these qualities improves the abilities of the labor force.
