Answer:
there is persistent excess capacity.
Explanation:
Pressures for cost reduction are intense in industries where there is persistent excess capacity.
Generally, when the level of supply is relatively higher than the level of demand at a specific period of time, the price of goods and services are usually expected to fall.
<em>In this scenario, there is persistent excess capacity in the industry and as such in order to be able to keep up with sales, the company will have to reduce its selling price. This will enable the company to have competitive advantage over its rivals in the same industry. </em>
Answer:
a. The property is sold on credit.
<em>The amount realized is the cash received at the date of sale and the cash that will be received in future when the credit is settled. </em>
b. A mortgage on the property is assumed by the buyer.
<em><u>The amount realized increases</u></em><em> because the seller will see their debt reduced and still receive cash from the buyer for the purchase of the property. </em>
c. A mortgage on the property is assumed by the seller.
<em><u>The amount realized decreases</u></em><em> because the realized amount will have to be net of the mortgage that the seller now has to pay. </em>
d. The buyer acquires the property subject to a mortgage of the seller.
<em><u>Amount realized increases </u></em><em>as the buyer will become the one making mortgage payments instead of the seller which effectively means that the seller gets the realized value net of debt. </em>
e. Stock that has a basis to the purchaser of $6,000 and a fair market value of $10,000 is received by the seller as part of the consideration.
<em><u>Realized value increases to $10,000</u></em><em> because that is the fair value of the stock when exchange for the property. </em>
A savings account is an account held at a bank or another financial institution. This account could be seen online and is used to store money and earn interest on that money.
A savings account saves your money.
A current account is a bank account that keeps your money safe and secure, it helps manage finances and is easy to make payments with. With a current account you can have deposits, withdrawals, etc. In an current account an amount can be deposited and withdrawn at any time without any notice needed.
Answer:
a)$16,894
Explanation:
The computation of his income is shown below:
= Wages + allocated tips for box 7 + tips that do not reported
= $16,400 + $350 + $144
= $16,894
We simply added the Wages, allocated tips for box 7, and tips that do not reported so that the exact value could come
All other information which is given is not relevant. Hence, ignored it
