New Family Business

On February 1, Alan, a single individual, purchased his first personal residence for $400,000. On July 1, Alan sold this residen

zavuch27 [327]

Answer:

Recognized gain = $60000

Explanation:

Below is the calculation:

Price of personal resident = $400000

Selling price = $460000

Since Alan purchased the house for $400000 and selling it for $460000. Therefore recognized gain can be determined by subtracting the purchase price from the selling price.

Recognized gain = $460000 - $400000

Recognized gain = $60000

3 0

3 years ago

Psychology majors at the state college consist of 40 percent males and 60 percent females. The psychology department is conducti

weqwewe [10]

Answer:

proportionate stratified random sampling

Explanation:

When you use a proportionate stratified random sample, you must assign every stratum of the total population a sampling fraction proportional to its size. Since 60% of the psychology students are women, then 60% of the samples will come from women.

8 0

3 years ago

A major ethical dilemma in modern business stems from the growth of environmentalism and the “green” lifestyle. Businesses argue

Westkost [7]

Businesses have a moral obligation that must be politically enforced.

Explanation:

Businesses working from profits often use indiscriminate measures to garner profits for themselves while using their capital as economically as they can.

This includes the exploitation of workers. To counter this, we have trade unions.

Similar is the situation for conservation<u>. Environmental issues indirectly affect the whole population of the country and every company has a part in it. Hence environmentally secure sanctions need to be put in place even if it eats into the company's profits.</u>

8 0

3 years ago

According to follett, in _______, neither side gets exactly everything it wants, and the best each side can do is obtain a resul

Leviafan [203]

According to follett, in a compromise neither side gets exactly everything it wants, and the best each side can do is obtain a result that each can agree too. Through its subsidiaries, the Westchester, Illinois-based Follett Corporation offers a range of educational products to schools, colleges, and public libraries.

The Charles M. Barnes established a secondhand bookshop in his Wheaton, Illinois, home in 1873, and that is how Follett Corporation was born. Three years later, Barnes relocated his company to Chicago and changed its name to C. M. Barnes & Company before setting up shop at 23 the LaSalle Street.

To learn more about Illinois, click here.

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7 0

2 years ago

A manufacturing company has a beginning finished goods inventory of $16,500, raw material purchases of $19,900, cost of goods ma

egoroff_w [7]

Answer:

Cost of goods sold=$33,100

Explanation:

Given data:

Beginning finished goods inventory=$16,500

Raw material purchases=$19,900

Cost of goods manufactured=$36,300

Ending finished goods inventory=$19,700

Required:

Cost of goods sold for this company=?

Solution:

Cost of goods sold= Beginning Inventory+Cost of f goods manufactured- Ending Inventory

Cost of goods sold=$16,500+$36,300-$19,700

Cost of goods sold=$33,100

8 0

3 years ago