subject
Business, 16.10.2019 23:00 maxraph108

Alvin is employed by an automobile dealership as its manager. as such, he purchased an suv for $32,000 (fair market value is $48,000). no other employees are permitted a discount. what is alvin’s basis in the suv? a. $16,000. b. $32,000. c. $48,000. d. $80,000. e. none of the above.

ansver
Answers: 2

Another question on Business

question
Business, 22.06.2019 02:30
The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.
Answers: 1
question
Business, 22.06.2019 06:00
Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr
Answers: 2
question
Business, 22.06.2019 18:00
Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan
Answers: 2
question
Business, 22.06.2019 19:20
The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.
Answers: 2
You know the right answer?
Alvin is employed by an automobile dealership as its manager. as such, he purchased an suv for $32,0...
Questions
question
Mathematics, 19.12.2019 00:31
question
Spanish, 19.12.2019 00:31
question
Mathematics, 19.12.2019 00:31
Questions on the website: 13722367