1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elanso [62]
3 years ago
15

George is the owner of numerous classic automobiles. His intention is to hold the automobiles until they increase in value and t

hen sell them. He rents the automobiles for use in various events (e.g., antique automobile shows) while he is holding them. George sold a classic automobile this year for $1,500,000. He had held the automobile for five years, and it had a tax basis of $750,000. a. Was the automobile a capital asset
Business
1 answer:
Monica [59]3 years ago
3 0

Answer:

No, it is depreciable property used in business is the correct answer.

Explanation:

You might be interested in
The automobile industry in​ Rhizo, a small developing​ country, has a monopolistic market structure. Crimson​ Inc., the only pla
IceJOKER [234]

Answer:

Option D is the correct answer to this question.

Explanation:

An increase in the average family size in recent years has created a demand for bigger cars. Since Roger Woods proposed that Crimson must introduce some variety in its product line to maintain overall profit margins, option D is the only option that suggests a need for adding a new variety to its product line (Bigger Cars), since there is a demand for it already arising from the increase in the average family size.

6 0
2 years ago
Kevin Abt noticed that people were cooking meals in their homes less often but wanted to avoid the hassle of going out to eat. T
masha68 [24]

Answer:

Opportunity.

Explanation:

There was an opportunity presented when Kevin noticed that people do not want to cook at home but also they do not want to go through the hassle of going out to buy food. A need was identified and the solution was the Takeout Taxi initiative that delivers restaurant-prepared food to customers.

Costumers that did not want to cook at home and did not want to go out were now satisfied by this service.

5 0
3 years ago
Read 2 more answers
Sandra is purchasing a home with a first mortgage loan for $548,250, which is the conforming loan limit for the area where she l
Lostsunrise [7]

Question Completion with Options:

2.5 percentage points

1.5 percentage points

3.5 percentage points

6.5 percentage points

Answer:

Sandra's creditor must determine if the APR for the loan exceeds the average prime offer rate by:

1.5 percentage points

Explanation:

The first mortgage loan principal should not exceed the conforming loan limit for the area where Sandra lives at the time that she secures the loan approval. It behooves on Sandra’s creditor to determine if the annual percentage rate (APR) for the mortgage loan exceeds the average prime offer rate (or the sample rate that is a representative of the APRs charged by creditors for mortgage loans that have low-risk pricing characteristics) by 1.5 percentage points.

7 0
2 years ago
Regardless of the inventory costing system used, cost of goods available for sale must be allocated at the end of the period bet
MaRussiya [10]

Answer:

The correct answer is ending inventory and cost of goods sold

Explanation:

Cost of goods available for sale is defined as the maximum amount of the inventory or the goods which the company could possibly sell during the fiscal or accounting period.

The cost of goods which are available for sale need to be allocated among the cost of goods sold and the ending inventory at the end of the year, where the cost of goods equals to the cost of goods available for sale subtract the ending inventory.

6 0
2 years ago
What is the acceleration of an object that has a mass of 4.0 kg if the net force acting on it is 26N
Lynna [10]
Use Newton's Second Law: Fnet = ma
where Fnet = total net force, m = mass of object, and a = acceleration of object.

You are given Fnet = 26N and m = 4.0kg. Plug them into the equation and solve for a:
26 = 4.0a
a = 6.5

The answer is 6.5 m/s^2
7 0
3 years ago
Other questions:
  • _____ tend to move in anticipation of the business cycle, turning up in anticipation of recovery and turning down at signs of ec
    9·1 answer
  • The current futa tax rate is 0.8%, and the suta tax rate is 5.4%. both taxes are applied to the first $7,100 of an employee's pa
    13·1 answer
  • An internet consulting company uses its website to allow its corporate clients to obtain information, analyze data, and ask ques
    12·1 answer
  • Even though federal law mandates that workers and firms each pay half of the total fica tax, the tax burden may not fall equally
    12·1 answer
  • Sales management at universal containers wants product managers to become more involved with sales deals that are being delayed
    10·1 answer
  • Jim is researching different sources to fund his college education. Jim is torn between a federal loan and a private loan. With
    7·1 answer
  • Part A Smith Company experienced the following accounting events during 2018:
    5·1 answer
  • Which loan type requires you to make loan payments while you’re attending school?
    9·2 answers
  • BlendedBlended Corporation uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Al
    6·1 answer
  • If Suzette responds to an increase in the interest rate by decreasing her saving, then, for Suzette, Select one: a. consumption
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!