Answer: $1644
Explanation:
The corporation's tax basis will be the addition of the tax basis of Tristan and the gain that is recognized on the exchange by Tristan.
Gain realized = 1750 - 1245 = 505
Boot received = 399
The gain recognized on the exchange will the value that's lower between the gain realized which is $505 and the boot received which is $399. Therefore, gain recognized = $399.
The corporation's tax basis will then be:
= Tristan Tax basis + Gain recognized
= 1245 + 399
= 1644
Answer:
The answer is substitute products.
Explanation:
Substitute products are defined as two or more products that can be used for the same function for the same consumer. We can say that the tax planning software is a form of substitute product since it provides the same function that a certified public accountant also does. Buyers product refer to good made by manufacturers that are sourced by buyers to be sold by a distribution company. Competitive alternatives have no specific meaning exclusive to the term; the same applies to rivalry products.
Answer:
See explanation section.
Explanation:
June 1 Petty Cash $450
Cash $450
To record opening of petty cash.
12 Cash $11,381
Cash short and Over $14
Sales $11,367
To record the sales and finding the cash short and over.
30 Store Supplies $50
Merchandise Inventory $108
Office Supplies $106
Miscellaneous Administrative Expense $146
Cash Short and Over $6
Cash $416
To record the expenses cash short and over.
30 Cash $21,860
Cash Short and Over $19
Sales $21,879
To record the sales and finding the cash short and over.
30 Petty Cash $113
Cash $113
To record the increase of petty cash.
The two major goals for a firm that implements an effective CRM program are;
- To capture new leads and move them through the sales process.
- To boost productivity and lower the overall costs of marketing and sales.
<h3>An effective CRM program;</h3>
The overall business goals of CRM systems are to help organizations by means of the following;
- 1. Capture new leads and move them through the sales process
- 2. Support and manage relationships with current customers to maximize their lifetime value to the company
- 3. Boost productivity and lower the overall costs of sales and marketing.
Read more on CRM program;
brainly.com/question/13732314
Answer:
6%
Explanation:
Current interest rate on one year bond = 5%
Forward interest rate on one year bond = 7%
To Calculate the interest rate on two year bond we use this:
Interest rate = [Current interest rate on one year bond + Forward interest rate on one year bond]/2
Interest rate = [5 + 7]/2 = 12/2 = 6%
Therefore,
The interest rate on two-year bond is equal to 6%.