Answer: $22500
Explanation:
The following information can be gotten from the question:
Price of equipment = $20,000
Sale tax = $2000
Maintenance cost = $2200
Shipping cost = $500
The amount that the equipment should be recorded on the balance sheet prior to recording depreciation expense will be calculated as:
Price = $20000
Add: Sales Tax = $2000
Add: Shipping & Preparation = $500
Price of the equipment before depriciation will then be:
= $20000 + $2000 + $500
= $22500
Answer:
trade can make everyone better off.
Explanation:
The aim of trade is to make all parties involved better off than they were before the trade occured. For example in international trade a country sells items they have reduced cost producing, while they buy items that will be expensive for them to produce.
In this instance the web startup is offering to give the accounting firm a service they have (web hosting) for tax return service.
Everyone is better off at the end of the day because they obtained a service they could not perform alone.
The equilibrium premium, which balances the premiums charged to healthy and unhealthy people, charged for insurance under this scenario is <em>e. You charge $3,000 and everyone buys insurance.</em>
$3,000 will be affordable to both the healthy and the unhealthy. This amount of premium will enable both classes to buy insurance.
It will <em>not benefit</em> the company to charge:
- $2,000 and enable everyone to buy insurance
- $3,000 and enable only unhealthy people to get insurance
- $1,000 so that only the healthy people to buy insurance
- $1,000 because only healthy people buy insurance.
Thus, the insurance premium charged should be <em>Option E.</em>
Learn more: brainly.com/question/9696972
Answer:
B) $5,000
Explanation:
Under Section 1014 (a) the basis of any property acquired by a decedent (Lynn) through a gift within 1 year of death and passed back to the donor (Edwin) due to the decedent's death, will be adjusted to the basis immediately prior to the death.
In other words, since Lynn died within 1 year of receiving Edwin's gift, Edwin's basis will be the same as Lynn's basis.
