Answer:
$62,000
Explanation:
Calculation for Devin’s recognized gain
Fist step in to calculate the Consideration amount received by Devin’s
Consideration received by Devin’s=$65,000×0.80+$5,000+$20,000
Consideration received by Devin’s=$77,000
Second step is less the adjusted basis to the Consideration received by Devin’s in order to know the gain
Consideration received by Devin’s $77,000
Less Adjusted basis $15,000
Gain $62,000
($77,000-$15,000)
Therefore Devin’s recognized gain is $62,000
The statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account
<h3>What is personal saving?</h3>
Personal saving can be defined as the ability of a person to save their money. Saving this money will enables them to have something to fall back to incase of unforeseen or unexpected circumstance.
The effective strategy for personal saving a person is expected to follow is for the person to save a percentage of each of their salary or paycheck and deposit the money directly into their savings account.
Therefore the statement that is an effective strategy for personal saving is; Save a certain percentage of each paycheck and deposit it directly in a savings account
Learn more about personal saving here:brainly.com/question/15279000
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Are you asking if it’s true or false?
Answer:
b. $327
Explanation:
The computation of the fixed portion is shown below:
But before that variable maintenance expense per direct labor is
= ($610 - $585) ÷ (34000 hours - 31000 hours)
= $0.00833 per direct labor hour
Now
Total variable expense for 34,000 hours is
= $0.00833 × 34000
= $283
And, finally Fixed portion is
= $610 - $283
= $327
Answer: the firm will have a temporary competitive advantage
Explanation: The firm in question would have a temporary competitive advantage. Competitive advantage describes something that places a company or business or a person above the competition such as value, rarity, difficult/costly-to-imitate amongst others. However, where a substitute is already in existence for such service, then the firm would have a temporary competitive advantage.