What are the things found in a bank

Erica transfers land worth $500,000, basis of $100,000, to a newly formed corporation, Robin Corporation, for all of Robin's sto

valentinak56 [21]

Answer:

Robin Corporation has a basis of $300,000 in the land.

Explanation:

Options are <em>"a. Erica does not recognize gain. b. Erica recognizes gain of $400,000. c. Robin Corporation has a basis of $100,000 in the land. d. Robin Corporation has a basis of $300,000 in the land. e. None of the above."</em>

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Erica has a recognized gain of $200,000 which is the amount made payable to her through her receipt of the securities in Robin Corporation. The basis of the land to Robin would be equals to the basis Erica has in the land, $100,000 plus gain recognized by Erica $200,000 or $300,000.

5 0

2 years ago

What are the good manner the service provider must demonstrate when communicate with customer

blsea [12.9K]

Answer:

There are certain key points that a service provider should always keep in mind while communicating with their customers. Those points are explained in the below mentioned explanation part of the answer.

Explanation:

Create the best first impression with their customers by greeting them with great lines.
Always stay polite and kind throughout the conversation.
Listen patiently and address each of their doubts in an easy and understandable way possible.
Do not waste time in any sort of random gossip as that might irritate the customers.
Most importantly always stay positive throughout the conversation as this might create a great impact.

5 0

3 years ago

On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum

-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0

2 years ago

The budget process involves doing all of the following except a. periodically comparing actual results with the goals b. establi

Sergio [31]

Answer:

d. dismissing all managers who fail to achieve operational goals specified in the budget

Explanation:

The budget, no matter how well it's done, It's a forecast.

Price can change without the company being able to intervene, the same goes for consumer demand, foreign currency rates changes, and other variables in the budget.

Having that in mind, the accounting can measure the variance and check the efficiency and price influence in the result below expected.

Therefore, dismiss immediately after not achieving a goal is not the purpose of a budget

7 0

3 years ago

Each machine must be run by one of 19 cross-trained workers who are each available 35 hours per week. The plant has 10 type 1 ma

Mrac [35]

Answer:

The Linear programming model is given as below

Profit Function: $P=90X+120Y+150Z$

Constraints:

$2X+2Y+Z\leq 400$

$3X+4Y+6Z\leq 240$

$4X+6Y+5Z\leq 320$

$\dfrac{2X+2Y+Z}{40}\leq 10$

$\dfrac{3X+4Y+6Z}{40}\leq 6$

$\dfrac{4X+6Y+5Z}{40}\leq 8$

$\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19$

Explanation:

As the question is not complete, the complete question is found online and is attached herewith.

Let the number of product 1 to be produced is X, that of product 2 is Y and product 3 is Z

so the maximizing function is the profit function which is given as

$P=90X+120Y+150Z$

Now as the number of hours in a week are 40 and there are a total of 10 type 1 machines so the total number of machine 1 hours are 40*10=400 hours

As from the given table product 1 uses 2 machine hours of machine 1, product 2 uses 2 machine hours of machine 1 and product 3 uses 1 hour of machine 1 so

$2X+2Y+Z\leq 400$

Now as the number of hours in a week are 40 and there are a total of 6 type 2 machines so the total number of machine 2 hours are 40*6=240 hours

As from the given table product 1 uses 3 machine hours of machine 2, product 2 uses 4 machine hours of machine 2 and product 3 uses 6 hour of machine 2 so

$3X+4Y+6Z\leq 240$

Now as the number of hours in a week are 40 and there are a total of 8 type 3 machines so the total number of machine 3 hours are 40*8=320 hours

As from the given table product 1 uses 4 machine hours of machine 3, product 2 uses 6 machine hours of machine 3 and product 3 uses 5 hour of machine 3 so

$4X+6Y+5Z\leq 320$

Now as the machine 1 is used as 2X+2Y+Z in a week and the week is of 40 hours so the number of machines to be used are given as

$\dfrac{2X+2Y+Z}{40}\leq 10$

Now as the machine 2 is used as 3X+4Y+6Z in a week and the week is of 40 hours so the number of machines to be used are given as

$\dfrac{3X+4Y+6Z}{40}\leq 6$

Now as the machine 3 is used as 4X+6Y+5Z in a week and the week is of 40 hours so the number of machines to be used are given as

$\dfrac{4X+6Y+5Z}{40}\leq 8$

Now the workers are available for 35 hours so the worker available at the machine 1 is given as

$\dfrac{2X+2Y+Z}{35}$

That of machine 2 is given as

$\dfrac{3X+4Y+6Z}{35}$

That of machine 3 is given as

$\dfrac{4X+6Y+5Z}{35}$

As the total number of workers is 19 so the constraint is given as

$\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19$

So the Linear programming model is given as below

Profit Function: $P=90X+120Y+150Z$

Constraints:

$2X+2Y+Z\leq 400$

$3X+4Y+6Z\leq 240$

$4X+6Y+5Z\leq 320$

$\dfrac{2X+2Y+Z}{40}\leq 10$

$\dfrac{3X+4Y+6Z}{40}\leq 6$

$\dfrac{4X+6Y+5Z}{40}\leq 8$

$\dfrac{2X+2Y+Z}{35}+\dfrac{3X+4Y+6Z}{35}+\dfrac{4X+6Y+5Z}{35}\leq 19$

4 0

3 years ago

What are the things found in a bank​

What are the things found in a bank