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
loris [4]
3 years ago
14

Compute the charitable contribution deduction (ignoring the percentage limitation) for each of the following C corporations. a.

Amber Corporation donated inventory of clothing (basis of $24,000, fair market value of $30,000) to a qualified charitable organization that operates homeless shelters. $fill in the blank 9a9067069fa000e_1
Business
1 answer:
mote1985 [20]3 years ago
5 0

Answer:

$27,000

Explanation:

Computation for the charitable contribution deduction

Using this formula

Charitable contribution deduction = (Adjusted basis )+[ 50% (Fair Value – Adjusted Basis)]

Let plug in the formula

Charitable contribution deduction= 24,000 + [50% (30,000 – 24,000)]

Charitable contribution deduction= 24,000+ (50%*6,000)

Charitable contribution deduction= 24,000+3,0000

Charitable contribution deduction = 27,000

Therefore the charitable contribution deduction will be $27,000

You might be interested in
A fast-food restaurant serves the student community within a university campus. The restaurant newly introduces pocket-friendly
MissTica

Answer:

These are the options for the question:

A. Segmentation

B. Cannibalization

C. Market penetration

D. Product bundling

And this is the correct answer:

B) Cannibalization

Explanation:

Cannibalization occurs when a newly introduced product reduces the market share of previous products.

In this case, the pocket-friendly combo meals have effectively made the rest of the menu unattractive to customers, it has cannibalized the other meals.

This effect is refer to as cannibalization, because as the original meaning refers to a hostile act withing the same species, in marketing, this effect occurs among products within the same company.

4 0
4 years ago
What does Pa think is too close to the Ingallses' house?
AlekseyPX
C a well cause it will always be closer
7 0
4 years ago
Maria, the vice president of sales for an international organization, believes that employees in her foreign offices understand
wolverine [178]

Answer: (B) Polycentric

Explanation:

  A polycentric manager is refers to the approach or the method in the global marketing that basically helps the organization for spread about their products and the services among the different countries.

The main objective of the polycentric approach that it helps in managing the different types of operations and services in the business.

According to the given question, maria is the vice president in an organization for the international sales process and she handle all the practices held in their office. Therefore, Maria is refers as a polycentric manger.

5 0
3 years ago
Negative externalities are created when
katrin2010 [14]

Answer:

The correct answer is (C)

Explanation:

Negative externalities occur when an individual or firm making a choice negatively affect other parties.  A driver who recklessly drives a car on a busy highway is a negative externality because the amusement of the driver is negatively affecting other people. A negative externality arises when the benefit of a decision is less than the negative outcomes of that decision.

3 0
3 years ago
What are the benefits associated with free trade and globalization?
Drupady [299]

Answer:

It drives economic growth, enhanced efficiency, increased innovation, and the greater fairness that accompanies a rules-based system.

7 0
3 years ago
Other questions:
  • Suppose two successive levels of disposable personal income increases from $16 to $21 billion and the change in consumption spen
    8·1 answer
  • The date of Internet materials is increasingly significant when researching topics experiencing rapid change due to these factor
    11·2 answers
  • During a period of rising prices, using fifo (first-in, first-out) inventory valuation method will result in ________ net income
    9·1 answer
  • Which of the following is an example of the legal/regulatory environment surrounding advertising and promotional activities of b
    13·1 answer
  • Labor Input Physical output 10 500 11 600 12 690 13 760 14 800 Refer to the above table, answer the following questions: A. If t
    12·1 answer
  • What are the objectives of business​
    8·1 answer
  • Second-degree price discrimination occurs when: a business asks a series of personal questions about what the purchase is going
    5·2 answers
  • BruceCo is planning on selling backpacks for $100 each. The company can buy the backpacks for $30.00 and have them customized fo
    7·1 answer
  • 2. What are the importance of vocation and business?​
    9·1 answer
  • What methods can you use for setting the price? What tools are available for measuring the impact on your price decision?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!