Jose's Pizza Parlor, Inc., recently acquired controlling interest in Mariana's Pizza Parlor, Inc. This acquisition is called:

Kuong Inc. sold a commercial office building used in the corporate business for $1.5 million. Kuong purchased the building in 20

mars1129 [50]

Answer: $107,600 ordinary gain and $530,400 Section 1231 gain

Explanation:

Section 1231 property is when a business property that's either real or depreciable is held for more than one year. It should be noted that section 1231 gain which arises when the property is sold will be taxed at lower capital gains tax rate which is versus the ordinary income rate.

Therefore, Kuong should characterize the $638,000 gain recognized on sale as $107,600 ordinary gain and $530,400 Section 1231 gain.

The correct option is C.

7 0

3 years ago

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the servic

Gre4nikov [31]

Full Question:

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion

A) The statistical significance of the correlation was found to be sixty percent.

B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.

C) The sample size used by Edwin was significantly larger than what was required.

D) Multiple regressions were observed among the variables used for the analysis.

Answer:

The correct answer here is A)

Explanation:

The key to decision making using statistical research is <em>Statistical Significance. </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.

Cheers!

7 0

3 years ago

A d d m e o n d i s c o r d<br> Katelyn#6394

kirza4 [7]

Answer:

ok and thanks for the points

thanks:)

3 0

3 years ago

Read 2 more answers

If an increase occurs in the demand for the output of industry A, we would expect all of the following to happen except:A. an in

ruslelena [56]

Answer:

The correct answer is option B.

Explanation:

The total revenue and profits of the industry as the price level increases with increase in the demand.

When there is an increase in the demand for the output of an industry, that industry will increase the production to match the increase in the demand. The increase in production will cause output level to increase.

In order to produce more output the industry will require more inputs, so the demand for inputs will increase.

An increase in the demand for inputs will be accompanied by increase in their prices.

There will not be any decline in the price of inputs.

3 0

3 years ago

Nash's Trading Post, LLC has assets of $4200000, common stock of $1000000, and retained earnings of $600000. What are the credit

Anastasy [175]

Answer:

The correct answer is $2,600,000.

Explanation:

According to the scenario, the given data are as follows:

Total Assets = $4,200,000

Common stock = $1,000,000

Retained earnings = $600,000

So, we can calculate the creditors' claims on their assets by using following formula:

Creditor's Claim on their Assets = Total Assets - ( Common stock + Retained earnings)

= $4,200,000 - ( $1,000,000 + $600,000 )

= $4,200,000 - $1,600,000

= $2,600,000

Hence, Creditors' claims on their assets will be $2,600,000.

3 0

3 years ago