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Svetllana [295]
3 years ago
6

Riley operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a traffic acci

dent. The van was originally purchased for $20,200 and the adjusted basis was $5,775 at the time of the accident. Although the van was worth $6,020 at the time of accident, insurance only paid Riley $1,225 for the loss. What is the amount of Riley's casualty loss deduction
Business
1 answer:
Firlakuza [10]3 years ago
3 0

Answer:

I think 6,408

Explanation:

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project x has an initial cost of $20,000 and a cash inflow of $25,000 in year 3. project y costs $40,700 and has cash flows of $
Helen [10]

Project X has a $20,000 start-up cost and a $25,000 cash inflow in year 3. Project Y has a $40,700 cost and generates cash flows of $12,000, $25,000, and $10,000 over the course of its first three years. The projects are mutually exclusive, and the discount rate is 6%. You should approve the project in the end based on the irrs and npv of each individual project as well as your own assessment of those factors. X;Y:Y.

Start-up costs are the costs a business spent or incurred to establish an active trade or business, or to research establishing or acquiring an active trade or business. Start-up costs are sums paid or expended in connection with a current profitable activity that is intended to generate money prior to the activity becoming a fully operational trade or business. Equipment, incorporation fees, insurance, wages, and taxes are just a few of the startup costs. Although startup costs will differ depending on your business's industry and type, an expense for one firm might not be applicable to another. It helps you effectively launch your firm and maintain profitability after your doors are open to understand your expenses and how you will manage them.

Learn more about startup costs here

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3 0
1 year ago
Economic agents who borrow funds are known as debtors ​, the funds that they borrow are referred to as credit ​, and this activi
Alja [10]

Answer: Loan-able funds market

Explanation:  

 The loan-able funds market is one of the type of economics based market that helps in determining the various types of supply an the demand loan- able funds in the market.

The borrowing an the crediting are the process that comes under the loan-able funds market activities. In this process, the people are borrowing the funds for the investment purpose instead of using in the personal consumption.  

 Therefore, Loan-able funds market is the correct answer.  

7 0
3 years ago
Tips are considered _____.<br> dividends<br> taxable income<br> gains<br> a bonus
adoni [48]
Tips are considered <u>taxable income.
</u>Although they are a bonus that you get from your customers, on top of your paycheck, you still have to pay a tax on your tips given that in America, tips are considered to be a type of income. You'd get a dividend from a company, not from customers. Gain is just another word for profit. <u>
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3 0
3 years ago
Read 2 more answers
The basic work of managers in the hospitality industry calls for: a. Being able to perform each job in the organization and make
Tamiku [17]

Answer:

d. Making the guest welcome, making the operation run correctly, keeping control operating costs.

Explanation:

The basic work of managers in the hospitality industry calls for: Making the guest welcome, making the operation run correctly, keeping control operating costs.

The hospitality industry's backbone is comprised of customer service, it is the foundation and cornerstone of all segments of the industry. A business may focus on one or all facets of hospitality but the level of success achieved is dependent on how well the managers and staff, are serving their customers.

8 0
3 years ago
What are the different types of contract? The different types of contract are express contract, ______ contract, unilateral cont
ladessa [460]
Implied is another type of contract.

I hope this help
7 0
3 years ago
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