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artcher [175]
3 years ago
13

Talbot purchased a laptop for $1,500 and a television for $1,300. The laptop is used solely for business and the television sole

ly for personal entertainment. During the same year, Talbot experienced serious financial difficulty and sold the television for $300 and the laptop for $1,000. What amount, if any, is Talbot entitled to deduct as a loss relating to the sale of the television and laptop?
Business
1 answer:
ICE Princess25 [194]3 years ago
7 0

Answer:

B) $500

Explanation:

Individual taxpayers can only deduct certain losses regarding their property, specially those that are related to their business activity (Talbot used the laptop solely for business purposes). The only other case when an individual can deduct some property loss is when they suffer a theft or an incident like a fire, tornado, flood, etc.

In this case, Talbot paid $1,500 for the laptop and sold it at $1,000, therefore he can deduct a loss of $500 from his gross income.

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For the typical urban transit coach, __ ______ per mile is typical Select one:
VARVARA [1.3K]

I believe the answer is: A. 7 stops

Urban areas usually require one transits every 1/4 mile as its bare minimum (which is around 4 stops in one mile). This large amount exist because in urban areas such as new york , most of the people actually do not own a personal vehicles and public transportation are their main method of travel.

8 0
4 years ago
The balance sheet of ABC reports total assets of $1,500,000 and $1,700,000 at the beginning and end of the year, respectively. N
Andrej [43]

Answer:

15%

Explanation:

Average Assets = (Opening asset + Closing asset) / 2

Average Assets = ($1,500,000 + $1,700,000) / 2

Average Assets = $3,200,000 / 2

Average Assets = $1,600,000

Return on assets = Net Income / Average assets

Return on assets = $240,000 / $1,600,000

Return on assets = 0.15

Return on assets = 15%

7 0
3 years ago
A high quality leader must be a. task oriented. b. relationship oriented. c. both task and relationship oriented. d, neither tas
Black_prince [1.1K]

Answer:

C. Both task oriented and relationship oriented

Explanation:

A high quality leader must posses those two qualities and many others to be really effective. Both Task oriented and relationship oriented leadership are usually compared because of the varying outcomes the two present. But a leader that has the quality to combine those two methods becomes more effective.

Task oriented is focus on task or jobs that needs to be performed to meet company's goal or to achieve performance standard.

Relationship- oriented focuses on the motivation, satisfaction and general well being of team members under his leadership.

6 0
3 years ago
Carson has opened up a new sports bar/restaurant in town. He has determined that his market segments are (1) students from the n
sukhopar [10]

Carson has to determine these segments which will provide him with the best opportunity to maximize sales. The process of doing this is referred to as segmenting.

Option - a

<u>Explanation: </u>

Market segmentation is the activity of segregating customers into groups depending on their characteristics. Market segmentation makes it easy for the marketer to customise their campaigns.

By making segmented groups, it is easier to target audience rather than targeting individual customer. This will save marketers money, resources and time also. Market segmentation decreases the risk of a failure of market campaign.

Here, Carson is trying to choose the best opportunity among the available ones in which he could get maximized sales.

5 0
3 years ago
Handy Holly Co. provides a variety of household repairs and warranties her work for a six-month period. Holly provided $13,000 o
dsp73

Answer:

Estimated warranty liability

Explanation:

The journal entry is as follows

Estimated warranty expense Dr

     To Estimated warranty liability

(Being the warranty expense is recorded)

For recording the estimated warranty expense, we simply debited the estimated warranty expense and credited the estimated warranty liability so that the proper posting could be done

3 0
3 years ago
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