Answer:
Jerry's gain on the sale= $28,500
Explanation:
When Jerry sells his interest in JJM to Lucia his basis ($54,250) is what he owes and will be taken out of the proceeds he will get for selling his interest in the company.
Therefore
Jerry's gain on the sale= Amount of sale- Jerry's basis
Jerry's gain on the sale= 82,750- 54,250
Jerry's gain on the sale= $28,500
Answer:
Critical thinking is the ability to think clearly and rationally about what to do or what to believe. It includes the ability to engage in reflective and independent thinking. Someone with critical thinking skills is able to do the following : understand the logical connections between ideas.
Answer:
market supply of labor
Explanation:
The description provided is for a term known as the market supply of labor. In the context of economics, this term refers to the number of individual workers of a specific trait and with a specific skill level who supply their labor for varied prices. When dividing this by type of work it is the horizontal summation of the individuals' labor supply curves as can be seen in the graph shown attached.
Answer:
virtue ethics
Explanation:
Jonah most likely applying the ethical theory known as virtue ethics to his decision. This can be seen when he decides to purchase the more expensive spray mainly because lying is wrong. This shows that he has moral rules or virtues which he follows such as a strong character and honesty. To Jonah lying is bad and he personally believes it makes the world a worse place so therefore decides to go against the lying company and purchase another more expensive product.
