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choli [55]
3 years ago
6

Angie owns numerous strip malls. A major tenant of one of the strip malls wanted to cancel its lease because it was moving to an

other city. After lengthy negotiations, the tenant paid Angie $60,000 to cancel its obligations under the lease. If the tenant had fulfilled the lease terms, Angie would have received rent of $700,000. a. What factors should Angie consider to determine the amount and character of her income from these circumstances
Business
1 answer:
Vlad [161]3 years ago
7 0

Answer:

1. To determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

2. Ordinary income of $60,000

Explanation:

1. Based on the information given the factors that she should consider in order to determine the amount as well as the character of her income from these circumstances is to determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.

b. Based on the information given we were told that the tenant paid her the amount of $60,000 in order to cancel its obligations under the lease which means that the amount and character of her income from the cancelled lease will be ORDINARY INCOME of the amount of $60,000 which we were told the tenant paid her in order to cancel its obligations under the lease.

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Central banks are responsible for the collection and the replacement of currency from circulation.
Dmitriy789 [7]

Answer:

The correct answer is letter "A": True.

Explanation:

Central banks are the financial institutions in charge of the monetary policy of their country on behalf of the central government. They regulate the money supply and the interest rates to maintain a country's economy the closest to its equilibrium level. In the United States, the central bank is the Federal Reserve (<em>Fed</em>). Central banks also collect and replace the currency in circulation.

4 0
3 years ago
True or False: Most of the value added included in GDP in the United States is added by businesses rather than consumers.
shtirl [24]
The answer to this is true
7 0
3 years ago
Campaigns focus on their __________ efforts in the last days before the general election.
Sophie [7]
The goal of the  political campaigns is to influence the decision making process. I<span>deas that the candidate wants to share with the voters are presented.
</span>Campaigns start anywhere from several months to several years before election day. The first part of any campaign for a candidate is deciding to run. Then c<span>andidates travel around the area they are running in and meet with voters.</span><span>
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3 0
3 years ago
Vertical disintegration occurs when a company: a. uses its capital resources to purchase its competitor. b. takes advantage of a
Marizza181 [45]

Answer:

b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.

Explanation:

Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.

A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.

Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.

5 0
3 years ago
South Coast Appliance Store is a small company that has hired you to perform some management advisory services. The following in
love history [14]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Sales​ (6,000nits*$1,000) ​$6,000,000

Cost of goods sold ​870,000 (145 a unit)

Store​ manager's salary per year ​192,000

Operating costs per year ​305,000

Advertising and promotion per year ​40,000

Commissions​ (4.1% of​ sales) ​246,000

We will separate in variable and fixed costs:

Fixed costs:

Store​ manager's salary per year ​192,000

Operating costs per year ​305,000

Advertising and promotion per year ​40,000

Variable costs:

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Commission= 0.041*(8,900*1,000)= 364,900

Total costs= fixed costs + variable costs

Total costs= $2.192,400

4 0
3 years ago
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