Answer:
Perfect competition is an ideal type of market structure where all producers and consumers have full and symmetric information, no transaction costs, where there are a large number of producers and consumers competing with one another. Perfect competition is theoretically the opposite of a monopolistic market.
Explanation:
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The basis of Tobin's land was stepped up or down to the fair market value, and that value was $3,00,000.
<h3>What is inherited property?</h3>
When a death happens in a year, the ground of the property is travelled up or downbound to the fair market value on the day of death if there is an inheritance case.
The process of property to a successor or heirs upon the death of the owner, often known as succession. The term “inheritance” besides refers to the property.
Tobin has inherited a property from his father, that died in the present year, and the sightly market value on the date of death, according to the federal estate tax return, is $3,00,000. Tobin's basis in land is $3,00,000.
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The four primary functions of managers are planning, organizing, leading, and controlling. By using the four functions, managers work to increase the efficiency and effectiveness of their employees, processes, projects, and organizations as a whole.
Answer: $2000
Explanation:
From the question, we are informed that Jennie receives $12,000 (of which $2,000 is earnings) from a Qualified Tuition Program and she uses the funds to pay for new furniture for her apartment.
The amount that is taxable to Jennie will be the amount of earnings she made who is $2000.
Answer:
Option (B) is correct.
Explanation:
Given that,
During a period, Department B finished and transferred to Department C = 58,000 units
In Department B during the period units started = 14,000
Brought only to a stage of being 60% completed.
The number of equivalent units produced by Department B during the period was:
= Units finished and transferred from Department B to C + (Units were started in Department B × 60%)
= 58,000 units + (14,000 units × 60%)
= 58,000 units + 8,400 units
= 66,400 units
