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2 years ago

Tanner wants to buy a new car. What will he most likely consider when making his decision on the type of car to buy?

Business

1 answer:

Nitella [24]2 years ago

8 0

Answer: a deal website that compares different types of cars, so he can choose the one he likes best

Explanation:

When buying a good or service, it is best to look out for a variety of those goods because it will enable a person to be able to compare the different varieties and be able to pick the one most suitable for them.

Tanner therefore will most likely use a website that compares cars so that he is able to see the features that different cars offer which will enable him make a decision that is most suitable for him.

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Bishop, Inc., is obligated to pay its creditors $7,800 during the year. a. What is the market value of the shareholders’ equity

Otrada [13]

Answer:

(a) $1,600

(b) $0

Explanation:

Given that,

Total liabilities = $7,800

(a) According to the accounting equation,

Total assets = Total liabilities + Stockholder's equity

$9,400 = $7,800 + Stockholder's equity

$9,400 - $7,800 = Stockholder's equity

$1,600 = Stockholder's equity

(b) Total assets = Total liabilities + Stockholder's equity

$6,700 = $7,800 + Stockholder's equity

$6,700 - $7,800 = Stockholder's equity

$0 = Stockholder's equity

5 0

2 years ago

A sole proprietor owned an office building with a cost of $300,000 and accumulated depreciation of $40,000, using modified accel

hjlf

Answer:

The Correct Answer:

$40,000

Explanation:

IRC Section 1250 requires that excess depreciation (actual depreciation in excess of straight-line depreciation) be recaptured as ordinary income. Since the property has sold for more than the adjusted basis ($300,000 − $40,000 = $260,000 adjusted basis), the initial gains are recaptured based on the original purchase price of $300,000.

<em>This makes the first $40,000 of the profit subject to the unrecaptured Section 1250 gain while the remaining $20,000 is considered regular long-term capital gains. </em>

6 0

2 years ago

Soar Incorporated is considering eliminating its mountain bike division, which reported an operating loss for the recent year of

ludmilkaskok [199]

Answer:

Decrease by $132,100

Explanation:

Computation of the given data are as follow:-

We can calculate the Operating Income by using following formula:-

Fixed Cost = Fixed Cost * Dropped Rate

= $193,000 * 30/100

= $57,900

So, Operating Income = Sales - Variable Cost - Fixed Cost

= $,1050,000 - $860,000 - $57,900

= $132,100

According to the Analysis, the operating income will be decrease by $132,100 if the business segment is eliminated.

8 0

2 years ago

The adjusted trial balance for Lifesaver Corp. at the end of the current year, 2018, contained the following accounts.5-year Bon

Andru [333]

Answer:

b. $3,350,000

Explanation:

<em>Long-Term Liabilities:</em>

Bonds Payable $3,000,000

Notes Payable $165,000

Mortgage Payable $185,000

Total Long Term Liabilities $3,350,000

3 0

2 years ago

Which of the following statements concerning work packages is NOT correct? a. Work packages are activity elements with detaile

Daniel [21]

Answer:

d. Work packages are the basis for subsequent project control activities.

Explanation:

That is not true about work planning. Instead, it is the basis for subsequent project planning activities

3 0

2 years ago