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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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Why had farming become unprofitable during this period?
vivado [14]
If you are referring to the unprofitable farming that occurred during the period of populism, then the answer is that it became unprofitable because the crops were producing surpluses and the prices started dropping heavily.
8 0
3 years ago
Sales Tax Transactions Journalize the entries to record the following selected transactions: a. Sold $62,800 of merchandise on a
Rus_ich [418]

Answer:

Dr Account receivable $65,940

Cr Sales Revenue $62,800

Cr Sales tax payable $3,140

Explanation:

Sales of merchandise inventory on account

Dr Account receivable $65,940

Cr Sales Revenue $62,800

Cr Sales tax payable $3,140

Sales tax payable = Sales Revenue × Sales tax percentage

$62,800×5%

=$3,140

Amount of account receivable

Account receivable = Sales Revenue + Sales tax payable

$62,800+ $3,140

=$65,940

8 0
3 years ago
Four students from your economics class are sitting in a local restaurant discussing the market for coffee. Below are quotes fro
Nastasia [14]

Answer:

D. Tasha: "If coffee drinkers expect the price of coffee to rise next month, then current demand will go up and lead to a price increase this month."

This is the only one with incorrect economic analysis

Explanation:

A. is correct because a shortage of supply would drop the price as we can see in the Graph 1 with the supply curve.

B. is correct because if the two goods are substitues then a lower price for caffeinated soft drinks like Mountain Dew would cause the consumer demand for coffe to go down because the consumers would prefer the good with lower price, rising the demand for Mountain dow in detriment of coffe.

C. is correct as we can see in the Graph 1, the increse in the demand would generate a higher price but it would make the demand go back to D1

D. is incorrect because if coffee drinkers consume more coffee this monht the price would lower.

8 0
3 years ago
People in _______ careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities
Phoenix [80]

People in <u>realistic</u> careers are "persuaders. " They like leadership roles, as well as sales. They often have good verbal abilities and can talk people into doing things their way.

<h3>What is realistic career?</h3>

Realistic career is a career which create leadership roles in its practitioners. It allows its practitioners have more vocal ability and ability to convince people to do their bidding.

Examples of realistic careers are

  • Astronauts,
  • Firefighters,
  • Paramedics,
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Learn more about career:

brainly.com/question/1199865

3 0
3 years ago
how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
Dima020 [189]

Answer:

The more electricity, communications, and transportation used in a nation's economy, it will give them a more developed country and a greater potential for increased industrialization.

Explanation:

7 0
3 years ago
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