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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:

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An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 8,200
Mademuasel [1]

Answer:

1621 Shares

Explanation:

Calculation to determine how many more shares must you buy to be assured of earning a seat on the board

First step is to determine the shares needed

Shares needed = [1/4 (8,200) + 1]

Shares needed= 2050 + 1

Shares needed= 2051

Now let determine how many more shares must you buy

Buy =2051 -430

Buy= 1621 shares

Therefore how many more shares must you buy to be assured of earning a seat on the board will be 1621 Shares

6 0
3 years ago
Suppose that the price of a pound of bananas is
monitta

Answer:

$1.50 per pound if bananas

8 0
3 years ago
Fast delivery trains its truck loaders how to set the packages in the delivery vehicles, so that when delivery drivers are pulli
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<span>A procedure is being implemented when directing that the trucks be loaded in this specific manner. This procedure is put into place to make sure the loading is done efficiently in a timely manner. This step by step process makes it more likely that the packages will be delivered on time and nit damaged.</span>
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3 years ago
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The general price level is 150.00 and people expect it to increase to 156.00 next year. Therefore, the expected rate of inflatio
zmey [24]

Answer:

$98,165.14

Explanation:

Note: There are missing word but the full question is attached as picture below

Here, Initial Nominal Interest rate = 7%

Inflation expectation= 4%

So, real return = 3%

Now, investors would want same real return

New inflation = (159 - 150)/150 *100 = 6%

Nominal interest rate = 6 %+ 3% = 9%

Price after 1 year = $107,000

So, current price changes to = $107,000/(1+0.09) = $107,000/1.09 = $98,165.14

8 0
3 years ago
Cellphones are one form of communication technology, give any other form​
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Answer:

television,newspaper,radio,laptops,computer etc..

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3 years ago
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