Answer:
loss = $150 personal use it cannot be offset and not deductible
gain = $300 seller have option to chose capital gain tax or include gain with income paying proper amount tax as per tax bracket
Explanation:
given data
sells scooter = $550
3 year ago purchased scooter = $700
sells a painting = $1,200
five years ago acquired = $900
solution
we know that here sale of scooter is results in loss that is
loss = $700 − $550
loss = $150
and we know loss from sale of property undertaken for personal use is not recognized so for personal use it cannot be offset and not deductible here
and
for painting sale it results in gain that is
gain = $1,200 − $900
gain = $300
and selling painting is acquire more than 1 year
and here sale cost is more than acquire cost
so seller have option to chose capital gain tax or include gain with income paying proper amount tax as per tax bracket
If the management team needed to hire a product manager to manage body glove’s new line of shoes for men and women, LinkedIn network would be the best source of leads.
<h3>What is
management?</h3>
- Management is the management of an organization, such as a corporation, non-profit organization, or government agency.
- This is the art and science of managing product company resources.
- Management includes the activities of setting an organization's strategy and coordinating people's efforts to achieve goals using available resources such as financial, natural, technological and human resources.
- The two concepts of "running a business" and "changing a business" are managed to distinguish between the continuous provision of goods and services and the adaptation of goods and services to changing customer needs. are two concepts used in See trends.
- The term "administrator" can also be used to refer to people who run an organization, i.e. administrators.
- Some people study management at college or university.
- Business degrees include Bachelor of Commerce, Bachelor of Business Administration, Master of Business Administration, Master of Business Administration, and Master of Public Administration for the public sector.
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A purchase agreement is a legally binding contract that states the terms and conditions of purchasing a good/making a sale. This agreement is legally binding for both the purchaser and the seller. The agreement is contingent on being paid back at the date agreed and receiving the items that were intended to be paid for.
Answer:
$135 Unfavorable
Explanation:
The computation of total variance is shown below:-
For computing the total variance first we need to find out the actual price which is below:-
Actual price = Total cost ÷ Actual quantity
= $18,135 ÷ 3,100
= $5.85 pound
Now,
Total variance = Standard quantity × Standard price - Actual quantity × Actual price
= (($2,000 × 1.5) × $6) - 3,100 × $5.85
= 3,000 × $6 - 3,100 × $5.85
= $18,000 - $18135
= $135 Unfavorable.
The correct answer is wealth.
Wealth is the accumulation of valuable economic resources, which may be measured in terms of tangible goods or monetary value.
<h3>What is the Wealth Effect?</h3>
According to the wealth effect, a behavioral economic hypothesis, people spend more money as the value of their possessions increases. Consumers are supposed to feel more financially secure and wealthy as the value of their houses or investment portfolios rises.
<h3>What significance does riches have?</h3>
Wealth gives you the confidence that you won't have to put in countless hours of work in order to live a happy, healthy, and successful life, in addition to giving you access to the world's boundless delights. It allows you to have time and financial flexibility.
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