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laila [671]
2 years ago
5

Economic models that make unrealistic assumptions may be useful in analyzing some economic problems.

Business
1 answer:
BigorU [14]2 years ago
6 0
The correct answer is true
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Renee operates a proprietorship selling collectibles over the web, and last year she purchased a building for $24 million for he
Nuetrik [128]

Answer:

$30.1

Explanation:

Adjusted basis refers to the net value of an asset after considering depreciation and capital investments. It is the net value of an asset.

Adjusted taxable income is the income after adjusting for depreciation and interest.

For a sole proprietorship, the income of the business is the same as owners' income.  

For Renee, adjusted taxable income will be,

Total revenue= $85M

Net expenses equal to total revenue minus depreciation minus interest paid

=$78.1, - $10.1 - $12.7

=$54.9

Adjusted taxable income= Total revenue - net expenses

= $85 - $54.9

=$30.1

5 0
3 years ago
pharoah company purchased 200 of the 1000 outstanding shares of sheridan company's common stock for $520000 on january 2, 2021
Anni [7]

The equity investment ( sheridan )account on December 31, 2021 is $5,20,000

As per the fair value technique, equity Investments must be stated at the fair value of the funding at the date of reporting. In this situation there is no fair value, therefore fairness Investments ought to be mentioned at buy charge.

A fair fee is an anticipated charge at which an asset is offered or offered when both the client and seller freely agree on a fee. People and corporations may additionally compare modern-day marketplace value, growth ability, and replacement value to determine the fair price of an asset.

An equity investment is a cash that is invested in an organization by means of buying shares of that organization within the stock market. those shares are generally traded on a stock exchange.

Learn more about fair value here brainly.com/question/16788537

#SPJ4

6 0
1 year ago
How often will you receive a statement for your checking account?
Firdavs [7]
I believe  that you would get a statement for your checking account monthly because you need to know how much money get withdraw ed and how much is left.
7 0
3 years ago
What is business?????????????​
Rufina [12.5K]

A business is defined as an organisation or enterprising entity engaged in commercial, industrial,or professional activities.

8 0
3 years ago
Read 2 more answers
A Corporation manufactures canoes in two departments, Fabrication and Waterproofing and uses a weighted-average process cost sys
Xelga [282]

Answer:

Explanation:

The journal entry is shown below:

Finished goods A/c Dr XXXXX

  To Work in progress A/c - Waterproofing XXXXX

(Being the completion of the production is recorded)

Since there are 2 steps to make the finished good. The first one is raw material and then process the raw material which we called work in progress account, After processing the product, the goods are ready to the sale which we called finished product.  

So, we debited the finished goods account and credited the work in progress account

6 0
3 years ago
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