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Rufina [12.5K]
3 years ago
14

Approximately how many new small businesses does the Small Business Administration estimate close during their first year of ope

ration?
Select one:
a. slightly more than three-fourths
b. slightly less than one-fourth
c. slightly more than one-half
d. slightly less than one-third
Business
2 answers:
Kryger [21]3 years ago
8 0

Answer:

answer B

Explanation:

the US Bureau of Labor Statistic estimates that roughly 20% of all small businesses will fail/close during thir first year, meaning B is the only correct option

hope this helps!!

ANTONII [103]3 years ago
3 0

Answer:

c

Explanation:

slightly more than one half

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This can be determined as follows:

<u>Details                                       Amount $     </u>

Fair value of land                       760,000

Book value of land                   <u>(530,000) </u>

Gain (loss) on sale of land       <u> 230,000 </u>

b. What is the amount of gain or loss that Kapono would recognize on the exchange of the tractor?

This can be determined as follows:

<u>Details                                       Amount $     </u>

Original Cost of Tractor                34,000

Accumulated Depreciation         <u>(19,000)  </u>

Book Value of Tractor                <u>  15,000 </u>

Therefore, we have:

Loss on Exchange of the tractor = Fair value - Book Value of Tractor = $9,600 - $15,000 = $5,400

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From part b, we have:

Book Value of Tractor = $15,000

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Fair Value = $20,000

Therefore, we have:

Gain on Exchange of the tractor = Fair value - Book Value of Tractor = $20,000 - $15,000 = $5,000

c-2. Calculation of the initial value of the new tractor

This can be determined as follows:

Initial value of new tractor = Fair Value of tractor given + Cash paid = $9,600 + $26,000 = $35,600

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