allison buys equipment and pays cash of​ $50,000, signs a note of​ $10,000 and assumes a liability on the property for​ $3,000. in​ addition, allison pays an installation cost of​ $500 and a delivery cost of​ $800. allison's basis in the asset is

Answers

Answer 1

Allison's basis in the asset is the total amount she paid for the equipment, including the cash payment, the note signed, the assumed liability, the installation cost, and the delivery cost.
To calculate the basis, we add up all these amounts:

Cash payment: $50,000
Note signed: $10,000
Assumed liability: $3,000
Installation cost: $500
Delivery cost: $800
Adding these amounts together, we get:
$50,000 + $10,000 + $3,000 + $500 + $800 = $64,300
Therefore, Allison's basis in the asset is $64,300.

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Related Questions

in q1, a firm sold 23,000 units of a particular product. in q2, the firm sold 25,000 and in q3 22,850 units were sold. assume weights of 0.7 and 0.3 (descending for older data). what is the two period weighted moving average forecast for q4?

Answers

Because there is no sales data for Q4, the two-period weighted moving average projection for Q4 cannot be generated.

The weighted moving average method forecasts by giving weights to past data points, with more recent data often receiving a higher weight. In this scenario, we are provided sales data for the first, second, and third quarters, but not for the fourth.

As a result, calculating a two-period weighted moving average projection for Q4 without additional information or assumptions about future sales trends is impossible. We would need to employ additional forecasting methodologies, such as regression analysis or time series analysis, or make assumptions based on external factors that could effect sales to generate a projection for Q4.

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The middle sale when sales for a given period of time are arranged in order of their increasing value is the:__.

Answers

The middle sale when sales for a given period of time are arranged in order of their increasing value is the median sale.

The median selling price is half the list price high and half the list price low. For example, if there are 15 house prices, the median will be the price 7 prices above and 7 prices below.

The median sale is the middle price in the data set, with exactly half the houses costing less and the other half costing more.

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You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at $244.37. Your recommendation should be:

Answers

Answer: buy the stock

Explanation:

Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.

By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.

A potential negative result of trade agreements is

Answers

A potential negative result of trade
agreements is JOB LOSS::

URGENT- FINANCIAL MATH.One of the variable expenses that Roxy knows she’ll need to include in her budget is utilities. She decides to review her utility costs for the past year. Assuming the cost for utilities is the same in her new apartment, how much should Roxy budget each month for utilities this year? Explain your reasoning.

Answers

Answer:

Roxy should budget 2165. per year. So maybe a monthly of 144 for the average of the total. For the year I added all the months together and then monthly I added them together and then divided the total by 12 and the average is 144 a month.

Explanation:

If you add them all together that is the total. I hope this helps. But the utilities could be different where she is going.

Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by

Answers

Answer:

see. I hope it's helpful for you lol

Explanation:

i need friend lol can you my friend
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year,

Maya deposits $500 in her savings account and earns a simple interest of 5 percent. What will be the balance in her account after two years?

A. $1,000
B. $550
C. $600
D. $577.50
E. $527.50

Answers

Answer:

B. $550

Explanation:

\(A = p(1 + \frac{r}{100} ) {}^{n} \\ = 500(1 + \frac{5}{100} ) {}^{2} \\ = 550 \: dollars\)

In pure competition, producers compete exclusively on the basis of
a. selling identical items.
b. advertising heavily to promote their good.
c. producing the unique features of their good.
d. focusing on maintaining a positive image.

Answers

Answer:

a. selling identical items.

Explanation:

A pure competition market is characterized by many firms selling a homogeneous product in a market with many buyers. There are no dominant suppliers; hence no single or group of sellers can influence the price.  Pure competition is also the perfect competition.

The key characteristics of pure competition are

There are many buyers and sellersAll firms sell an identical productAll sellers are price takers. None can influence pricesThere is intense competition due to the high number of sellersEase of entry and exit from the market.

A. selling identical items.

Required: Discuss whether each of these receipts constitutes ordinary income (4 marks):Suits Pty Ltd is a company that owns a business that sells men's business suits in Melbourne to individuals. During the current tax year it also earned the following receipts:• $50,000 for supplying business suits to a reality TV show called 'The Office Professional'. The TV show used these suits to dress its male contestants.• $10,000 paid by someone opening up a similar business in Sydney. The amount was paid in exchange for the list of importers that Suits Pty Ltd purchases its inventory from.

Answers

Both receipts, $50,000 for supplying business suits to the reality TV show and $10,000 for providing the list of importers, constitute ordinary income for Suits Pty Ltd.

The $50,000 receipt for supplying business suits to the reality TV show 'The Office Professional' constitutes ordinary income for Suits Pty Ltd as it is derived from the company's regular business operations of supplying men's business suits. This income is considered revenue for the company and is subject to income tax.

Similarly, the $10,000 receipt paid by someone opening up a similar business in Sydney for the list of importers that Suits Pty Ltd purchases its inventory from also constitutes ordinary income. This income is derived from the company's knowledge and expertise in the industry and is considered revenue for the company. As such, it is subject to income tax.

In both cases, the income received by Suits Pty Ltd is related to the business of supplying men's business suits, and therefore, is considered ordinary income.

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In 2011, it was estimated that 45 percent of Indians worked in the primary sector - mainly agriculture. Why was this sector least important of the three in terms of output?

Answers

Answer:

not sure i can really help sorry

You are in a 98 story building taking the elevator to the top from the bottom. each story is 15 feet. the elevator travels at 29.33 feet per second. how long do you have for your elevator pitch?

Answers

You will go 50.11 feet per second from the top to the bottom of an elevator.

What is speed?

Distance divided by time is the dimension of speed. The SI measure of speed is the metre per second (m/s), however the most frequent unit of speed in everyday use is the kilometre per hour (km/h), or miles per hour in the United States and the United Kingdom (mph). The knot is extensively utilized in air and sea transport.

Given Data:

Every story is 15 feet

While you are at 98 story

Distance = 15 (98) = 1470 feet

Time = 29.33  second

Speed = \(\frac{Distance}{Time}\)

Speed = \(\frac{1470}{29.33}\)

Speed =  50.11 feet per second.

As a result, you will move 50.11 feet per second from the top to the bottom of an elevator.

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Which statement best compares simple and compound interest

(A) Simple interest increases each year by the same amount while compound interest remains the same each year
(B) Both simple and compound interest rates are guaranteed to stay the same each year
(C) Both simple and compound interest are calculated based on principal and earned interest but simple interest is lower
(D) Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Answers

Answer:

D. Simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned

Explanation:

:)

The best comparison of simple and compound interest is simple interest is gained only on the principal amount of an account while compound interest is based on previous interest earned.

What is Interest?

Interest is the cost of borrowing money or the cost of lending money. It is most commonly expressed as an annual percentage of the loan amount.

The interest rate is calculated on the investment or loan. There are two methods for calculating interest. Simple interest (SI) and compound interest (CI) are the two methods (CI). Simple interest is the interest paid on a loan or investment. It's based on the principal amount. Simultaneously, Compound Interest is interest calculated on interest. It is based on the principal amount as well as the interest from the previous period.

Therefore, Option (d) is correct.

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The Australian Medical Association believed that the Health
Minister's recent statement claiming that 70% of doctors supported
the reforms to Medicare was incorrect. The Association's President
suggest the best way to the test this was to survey 240 members, selected through a random sample, on the issue. She indicated that the Association would be prepared to accept a Type I error probability of 0.02.
1. State the direction of the alternative hypotesis for the test. Type gt (greater than), ge (greater than or aqual two) it (less than) le (less yhan or equal two) or ne (not equal two) as apropriate in the box
2. State, in absolute terms, the critical value as found in the tables in the textbook
3. Determine the lower boundary of the region of non-rejection in terms of the sample proportion of respondents (as a % to two decimal places) in favour of the reforms, if there is no (theoritacal) lower bour type it in the box
4. Determine the upper boundary of the region of non-rejection in terms of the sample propotion of respondents (as a % to two decimal places) in favour of the reforms, if there is no (theoritacal) upper bound, type gt in the box
5. if 154 of the survey participants indicated support for the reforms, his the null hypothesis rejected for this test? type yes or no
6. Disregarding your answer for 5, if the null hypothesis was rejected, could the association claim that the health Minister's assertion is incorrect at the 2% level of significance?

Answers

1. The direction of the alternative hypothesis for the test is greater than, which is denoted as "gt". The alternative hypothesis is that more than 70% of doctors do not support the Medicare reforms.

2. The critical value as found in the tables in the textbook is 1.645. The critical value can be determined by looking up the z-score for a Type I error probability of 0.02 (or 2%) in a standard normal distribution table. The z-score that corresponds to a probability of 0.02 in the upper tail of the distribution is 1.645. This means that if the sample proportion of doctors who support the reforms is greater than 0.7 + 1.645 times the standard error of the sample proportion, the null hypothesis can be rejected.
3. The lower boundary of the region of non-rejection in terms of the sample proportion of respondents (as a % to two decimal places) in favor of the reforms is 68.19%. This can be calculated using the formula: 0.7 - 1.645 times the standard error of the sample proportion, which is approximately 0.031. The result is 0.521, which can be converted to a percentage by multiplying by 100 and rounding to two decimal places.
4. The upper boundary of the region of non-rejection in terms of the sample proportion of respondents (as a % to two decimal places) in favor of the reforms is "gt" (greater than) as there is no theoretical upper bound. This means that if the sample proportion of doctors who support the reforms is greater than 0.7 + 1.645 times the standard error of the sample proportion, the null hypothesis can be rejected.
5. Yes, the null hypothesis is rejected for this test as the sample proportion of doctors who support the reforms (154/240) is less than the lower boundary of the region of non-rejection (68.19%).
6. If the null hypothesis was rejected, the Association could claim that the Health Minister's assertion is incorrect at the 2% level of significance. This means that the probability of making a Type I error (rejecting the null hypothesis when it is actually true) is 2% or less. The Association can claim with 98% confidence that the true proportion of doctors who support the reforms is less than 70%.

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Phillip is an experienced HR manager at UPMC. In examining the content of a candidate's application form for a critical care nursing position, he knows he will definitely need to perform a background check all of the following information except:Group of answer choicesApplicant's employment at West Penn Health SystemsApplicant's claim to be a member of a protected classApplicant's previous job title of ER Nurse PractitionerApplicant's claim to have a master's degree in nursing from Michigan State University

Answers

As an experienced HR manager at UPMC, Phillip will need to verify important information related to a candidate's qualifications for a critical care nursing position.

When examining the content of the application form, he will need to perform a background check on the following information:

1. Applicant's employment at West Penn Health Systems - to confirm work history and any relevant experience.
2. Applicant's previous job title of ER Nurse Practitioner - to verify their claimed expertise and role-specific knowledge.
3. Applicant's claim to have a master's degree in nursing from Michigan State University - to ensure they have the necessary education to perform the job duties.

However, Phillip does not need to perform a background check on the applicant's claim to be a member of a protected class. Membership in a protected class is related to the individual's personal characteristics such as race, gender, or age, and should not be considered when evaluating a candidate's qualifications for a position.

Instead, the hiring process should focus on verifying the applicant's work history, experience, and education to determine their suitability for the role.

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As an HR manager, Phillip must perform a background check on the candidate's application form to ensure that the information provided is accurate and truthful.

However, he should not consider the applicant's claim to be a member of a protected class while performing the background check. Protected classes include race, color, religion, national origin, sex, age, disability, and genetic information, and should not be considered in employment decisions. All other information, such as the applicant's previous employment at West Penn Health Systems, previous job title as an ER Nurse Practitioner, and claim to have a master's degree in nursing from Michigan State University, are relevant and should be verified through the background check process.

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there are these Karens at my house putting their trash in front of MY HOUSE and what can i do?​

Answers

Call the cops or leave them be Karen’s

Answer:

call the cops

Explanation:

First have a conversation with them and if they do not understand simply be a Karen yourself and call the cops. I am pretty sure they will know what to do because that is YOUR property (or at least your own space that you pay for).

research indicates that high-performance teams are much more likely to develop when the manager hand-selects team members. True False

Answers

The given statement is true, that high-performance teams are much more likely to develop when the manager hand-selects team members.

What holds true for high-achieving teams?

Teams that work well together have similar goals, objectives, and priorities. To ensure that their efforts result in success, they establish team and personal goals that complement this common vision.

In order for everyone to know exactly what they need to do and how to get there, goals must not only be aligned, but also clearly defined. The hand-picking of team members by the manager increases the likelihood of high-performance teams developing.

Therefore, it is true.

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Which of the following is NOT one of the five basic functions of an
accounting department?
A. Sales
B. Accounts receivable
C. Financial controls
D. Financial reporting

Answers

Sales is NOT one of the five basic functions of an  accounting department

What is accounting department?

The accounting department is responsible for recording and reporting the cash flows, both in and out, of a company.  It is part of the corporate overhead group of an organization.

An accounting department provides accounting services and manages the finances of a company.

There are five basic roles or functions within the accounting department:

Accounts receivable Accounts payable Payroll Financial controls Financial reporting

Therefore, sales is not one of the basic functions of an accounting department.

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If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?.

Answers

A bond with a $1,000 face value, five years to maturity and 6.3% annual coupon payments will trade at the greatest premium per $100 face value.

The dollar value of a financial asset when it is issued is referred to as its face value. The face value of a bond is the amount paid by the issuer at maturity, also known as "par value." A stock's face value, on the other hand, is the rate offered by the issuer once the stock would be first issued.

A bond may trade at a premium since such interest rate is greater than the market rate. The bond's price can also be influenced by the company's and the bond's credit ratings. Buyers are prepared to pay a higher price for a creditworthy bond issued by a financially viable issuer.

Here is the complete question-

If the yield to maturity of all of the following bonds is 6%, which will trade at the greatest premium per $100 face value?

A) a bond with a $10,000 face value, four years to maturity and 6.2% semiannual coupon payments

B) a bond with a $500 face value, seven years to maturity and 5.2% annual coupon payments

C) a bond with a $5,000 face value, seven years to maturity and 5.5% annual coupon

payments

D) a bond with a $1,000 face value, five years to maturity and 6.3% annual coupon payments

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"Higher level professions require indepth knowledge, good skill, and special training." Explain this statement with examples.

Answers

Answer:

True.

Explanation:

Higher level professions are professions occupied by professionals who think strategically and carry out their duties by adhering to the ethical standards that governs their profession. Examples are medical practitioners, engineering, accountant and pilot. All these requires in-depth knowledge , good skill and special training because of the technical nature of the profession.

Having a degree is not enough to deliver on these professions because of their complexities. These professionals must adhere to the ethical standard that governs their profession and also hold themselves out of having the required training, knowledge and experience .

Take for instance a pilot who controls a plane. Asides having the required education, he would undergo special trainings on how to fly planes. He must also have the skills and experience of flying before being certified to fly people because of the risky nature of the profession.

The above example also applies to a doctor. He would undergo trainings depending on his area of specialization and must have knowledge before being certified to work as a doctor. The reason is that he is dealing with lives hence must possess the the required skills and experience.

Higher level professions require indepth knowledge, good skill, and special training because it determines the level of results such individual will produce.

What is a profession?

A profession is a Job or occupation an individual is paid to do.

A professional in a profession is someone who has been involved in several trainings regarding the profession and most time have a formal qualification in such Job.

These experiences and trainings are to deliver good results or outputs at the place of work or designation.

Therefore, Higher level professions require indepth knowledge, good skill, and special training because it determines the level of results such individual will produce.

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an import quota seeks to guarantee domestic industries ______.

Answers

An import quota seeks to guarantee domestic industries protection or preferential treatment.

An import quota is a restriction imposed by a government on the quantity or value of goods that can be imported into a country. Its primary objective is to protect domestic industries by limiting foreign competition. By implementing import quotas, the government aims to ensure that domestic industries have a guaranteed market share or preferential treatment compared to imported goods.

This protection can take various forms, such as limiting the quantity of imports, imposing tariffs or fees on imported goods, or granting exclusive rights or licenses to domestic producers. The goal is to create a favorable environment for domestic industries, allowing them to compete more effectively and maintain or increase their market share within the country.

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Item2 0.75 points ebookprintreferencescheck my workcheck my work button is now enabled3item 2 evan, a single individual, operates a service business that earned $110,000 in 2020. the business has no tangible property and paid no w-2 wages. required: compute evan's qbi deduction, assuming his overall taxable income before qbi is $125,000. compute evan's qbi deduction, assuming his overall taxable income before qbi is $175,000.

Answers

Evan's qualified business income (QBI) deduction can be calculated as 20% of his QBI, subject to certain limitations. Since Evan's business has no tangible property and paid no W-2 wages, we can assume that his QBI is equal to his business's net income, which is $110,000.

If Evan's overall taxable income before QBI is $125,000, his QBI deduction would be $22,000 ($110,000 x 20%). This deduction would reduce his taxable income to $103,000 ($125,000 - $22,000).

If Evan's overall taxable income before QBI is $175,000, his QBI deduction would be subject to a wage and capital limitation.

Assuming Evan has no qualified property or W-2 wages, his QBI deduction would be limited to 50% of the W-2 wages paid by his business, which is $0. Therefore, his QBI deduction would be $0, and his taxable income would remain at $175,000.

In summary, Evan's QBI deduction is dependent on his overall taxable income before QBI and the type of business he operates. If his taxable income is below the wage and capital limitation, he can take a deduction of 20% of his QBI.

However, if his taxable income is above the limitation and his business has no qualified property or W-2 wages, his deduction is limited to 50% of the W-2 wages paid by his business.

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Who is the most important institution of the country?

Answers

The most important institution of the country is the Prime Minister. The reason can be seen as under.

A prime minister, premier, or chief of the cabinet is frequently the head of the cabinet and the leader of the ministers in a parliamentary or semi-presidential system. In those configurations, the monarch in a republican or democratic constitutional monarchy serves as the head of state while the prime minister serves as the head of government.

The Prime minister is the most important institution of the country because of various reasons. When the prime minister resigns or passes away, the cabinet of ministers cannot function since the prime minister continues to serve as the cabinet's administrator. He oversees the National Development Council, Inter-State Council, Planning Commission, and National Integration Council. He also plays a significant part in shaping the country's foreign policy.

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NOTE: The above question is incomplete on the portal. Here's is the complete question.

Question: Who is the most important institution of the country?

(A) Prime Minister

(B) Supreme Court

(C) President

(D) Parliament

conomic progress often leads to multiple choice question. adoption of a democratic government. higher growth rates in a command economy. higher growth rates in a planned economy. adoption of a totalitarian regime.

Answers

Economic progress often leads to adoption of a democratic government.

How is democracy a result of economic growth?

Higher levels of economic freedom, lower inflation, lower political instability, and higher levels of human capital accumulation are all indicators of democracies. Democracy is intimately linked to economic growth factors like longevity and educational levels through advancements in educational and medical institutions.

What factors determine economic progress?

Three fundamental elements propel economic expansion: building up of capital stock. increases in the number of workers or hours worked, for example. technological progress.

What is economic advancement?

What Economic Progress Means. Economic progress can be seen as an improvement in a society's capacity to generate more and better goods and services while using the same or similar resources.

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Give your suggestions to address the problems and challanges being faced by the migrant workers in foregin employment .

Answers

Answer: Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do, e.g insure them, pension

Explanation:

Their comfortability relies a lot on what the government would be willing to do to help them. Some of what the government can do as as follows;

I) The government can grant them soft loans

ii) The government can consider making it easier for them to easily open SME's

iii) The government can consider making provision for them as regards pensions

iv) The government can insure them

Which savings account will earn you the most money?

1.One that earns simple interest monthly.
2.One that compounds interest daily.
3.One that earns simple interest daily.
4.One that compounds interest monthly.

Answers

Answer:

one that earns simple interest daily

The savings account that earn you the most money is: 3.One that earns simple interest daily.


What is savings account?

Savings account is an account that enables you to save while you earn interest on the amount saved reason being that saving account is an interest earning account.

A saving account that gives you simple interest daily is the best as it will enable to accumulate more interest.

Therefore the savings account that earn you the most money is: 3.One that earns simple interest daily.

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Which of the following is not a reason for redesigning a product or service?
A) to reduce labor or material cost
B) to increase the level of customer satisfaction
C) to increase quality
D) to increase the level of employee satisfaction
E) to attract and increase customer demand

Answers

The correct answer is D.

People must make choices among available options because people
(A) are irrational
(B) have limited wants
(C) have limited resources
(D) are not provided goods by the government
(E) do not receive positive benefits from consuming certain goods

Answers

Answer:

I Believe its E but im not sure...

Explanation:

Sorry if im wrong hope this helps!!

i.       What is meant by derive demand?  a. The demand is derived in beginning economic classes.
b. The demand is derived from income, tastes, etc. of sellers.
c. The demand is derived from the price elasticity of demand.
d.     The demand for a resources id derived from the demand for what it can produce.​

Answers

Answer:

D is the answer ( The demand for a resources is derived from the demand for what it can produce.​)

Explanation:

WILL BE MARKED BRAILIEST!!
3.A company sees that sales of its speakers have decreased over the past
120 days. Its most likely option is to first
design a market research plan

visit some stores selling the product
stop production of the product
lower prices and see what happens

Answers

Answer:

They company goes out of business?

Explanation:

hello answer my riddle what can run but not walk

Answers

A runny nose because when you catch a cold your nose gets runny but it isnt walking
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