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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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_______________ is a cost-effective way that many companies outsource the production of goods, such as clothing, shoes, and cell
diamong [38]

Answer:

Correct option is (c)

Explanation:

In international market contract manufacturing is when one firm manufactures goods under another firm's label or brand. Under this type of manufacturing, a company seeks another company in a different country to manufacture goods for it. This is done as the it could be costly to manufacture goods in home country in terms of human resources and raw materials.

So, contract manufacturing, also called international outsourcing or international sub-contracting is a cost-effective way of manufacturing goods.

4 0
4 years ago
The market capitalization of this company is $140 million, it's beta is 0.75, the risk free rate is 2% and the market risk premi
tiny-mole [99]

Answer:

Ans. The cost of equity capital is 6.5 (6.5%)

Explanation:

Hi, all we need to do is fill the following equation with the data from the problem.

r(e)=rf+beta*(MRP)

Where:

rf = Risk free rate (in our case, 2%)

MRP = market risk premium (in our case, 6%)

r(e) = Cost of equity capital

Therefore, this is what we get.

r(e)=0.02+0.75*0.06=0.065

So the cost of equity capital is 6.5% or 6.5 as the problem suggests to answer.

Best of luck.

5 0
3 years ago
Which of the following statements is true of the Civil Rights Act of 1991?
jarptica [38.1K]

In discrimination cases under Tittle VII, it offers the prospective award of compensatory and punitive damages. The appropriate selection is A

What was the Civil Rights Act of 1991's main effect?

The Civil Rights Act of 1991 was passed primarily with the intention of "restoring and strengthening civil rights legislation that prohibit discrimination in employment, as well as for other objectives." It improved the Civil Rights Act of 1964's inclusivity and opened the door to more wide-ranging strategies.

What modifications were made to the 1991 Civil Rights Act?

Although the 1991 Act allowed successful plaintiffs to recover expert witness fees as part of an award of attorney's fees, it also made technical modifications impacting the amount of time available to challenge improper seniority restrictions.

To know more about civil rights act of 1991 visit:

brainly.com/question/29462345

#SPJ4

6 0
1 year ago
Morris Company applies overhead based on direct labor costs. For the current year, Morris Company estimated total overhead costs
Sindrei [870]

Answer:

d) $38,000 Debit balance.

Explanation:

Predetermined overhead rate = Estimated Total Overhead Costs / Estimated Direct Labor Costs

= $472000 / $2,360,000

= 0.2

= 20% of direct labor costs.

Applied overheads = (20%*Actual direct labor costs)

Applied overheads = 20% * $1,980,000

Applied overheads = $396,000

So, Overhead under-applied = $434,000 - $396,000 = $38,000 (Debit)

8 0
3 years ago
Below are several amounts reported at the end of the year. Currency located at the company $ 675 Supplies 1,700 Short-term inves
anastassius [24]

Answer:

The total amount of cash to report in the balance sheet is $14,325  

Explanation:

The amount of cash to report in the balance sheet is computed below

  Items                                                  Amount

Currency located at the company      $675

Short-term investments that                $1,575

mature within three months

Balance in savings account                 $7,000

Checks received from customers        $275

but not yet deposited

Coins located at the company              $100

Balance in checking account                <u>$4,700</u>

Total Cash                                              <u>$14,325</u>

8 0
3 years ago
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