In 2019, Grant's personal residence was completely destroyed by fire. He was insured for 100% of his actual loss, and he received the insurance settlement. Grant had adjusted gross income before considering the casualty item of $30,000. Pertinent data with respect to the residence follows: Cost basis $280,000 Value before casualty 250,000 Value after casualty –0– What is Grant's allowable casualty loss deduction? a. $10,000
b. $6,500
c. $6,900
d. $0
e. $80,000

Answers

Answer 1

Answer:

Answer:

D) $0

Explanation:

The insurance company paid $250,000 to Grant to cover the loss of his house and that amount was 100% of the fair market value of the house. To calculate any casualty gain or casualty loss the money received form the insurance company should have been either larger or smaller than the fair market value of the house.

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At his comic book store, Korey’s Comics, Korey sells approximately $3,250 in comic books each month. But as a comic book dealer, Korey only pays $1,285 for these comic books. Korey’s monthly operating expenses, including labor, are $875. Calculate Korey’s monthly net income. a. $1,090 b. $1,965 c. $2,375 d. $2,840 Please select the best answer from the choices provided A B C D
Which best describes what is represented in the business cycle model?
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In 5-6 sentences, explain international trade. Be sure to discuss imports, exports, absolute advantage, comparative advantage, balance of trade, and balance of payments in your response.

Utility theory serves as a way to a. find out why firms produce what they do. b. increase the overall demand of consumers. c. decrease the overall level of output of a firm. d. determine the satisfaction recorded from the consumption of goods.

Answers

correct answer is

D) : Determine the satisfaction recorded from the consumption of goods.

Explanation:

Economics conception that though it's not possible to live the utility derived from an honest or service, it's typically attainable to rank the alternatives in their order of preference to the buyer. Since this alternative is affected by the worth and therefore the financial gain of the buyer, the rational client won't pay cash on a further unit sensible|of excellent service unless its utility is a minimum of up to or bigger than that of a unit of another good or service. Therefore, the worth of an honest or service is said to its utility and therefore the client can rank his or preferences consequently.

The right answer for the question that is being asked and shown above is that: " d. determine the satisfaction recorded from the consumption of goods." Utility theory serves as a way to d. determine the satisfaction recorded from the consumption of goods.

In the Wealth of Nations, Adam Smith said that one reason specialization makes someone more productive is because "a man commonly saunters a little in turning his hand from one sort of employment to another." How can you use this observation to improve your pattern of studying for your four or five college courses this semester?

Answers

Answer:

Explained below:

Explanation:

We can use this observation to improve our pattern of studying for our four or five college courses this semester by following ways:-

1. We must study all of our courses each day, giving one hour to each.

2. We must give entire days to studying for each course instead of turning backward and forward between subjects during the day.

3. We must take only more classes each semester that have absolutely nothing to do with one another, going through these instructions we can improve our productivity during studying for different type of courses.

How would you respond to questions in a non aggressive and professional manner

Answers

In order to respond properly to questions in a non-aggressive and professional manner, you should first listen to the question and clarify the question. Make sure that you understand the question before answering. You communicate your answer and ask follow up questions to ensure you have been understood. In case of doubt, ask for more time to study about the matter and get the answer back to the person later.

Whose responsibility is it to design, implement, and consistently review a risk-management system?

Answers

The responsibility for designing, implementing, and consistently reviewing a risk management system typically falls on the organization or business itself, especially if it's a larger entity. In a business or organizational context, this responsibility often involves various stakeholders, including:

1. **Senior Management:** Senior executives and leaders within the organization play a crucial role in establishing the overall risk management framework, setting policies, and allocating resources for risk management efforts.

2. **Risk Management Team:** Many organizations have dedicated risk management teams or officers who specialize in identifying, assessing, and mitigating risks. These professionals often report to senior management.

3. **Employees:** Employees at all levels have a role in risk management. They must be aware of and adhere to risk management policies and procedures, report potential risks or issues, and participate in risk mitigation efforts.

4. **External Consultants:** In some cases, organizations may hire external consultants or experts to assess and improve their risk management practices.

5. **Regulatory Authorities:** Depending on the industry and location, regulatory authorities may require specific risk management practices and reporting. Compliance with these regulations is also a responsibility.

6. **Stakeholders:** Businesses have a responsibility to communicate their risk management practices to stakeholders, including investors, customers, and partners.

The specific responsibilities and structure of a risk management system can vary widely depending on the organization's size, industry, and risk profile. However, the key is to have a systematic approach to identify, assess, and mitigate risks that could impact the organization's operations, finances, reputation, and compliance with legal and regulatory requirements. This process should be ongoing and adapt to changing circumstances and new risks that may emerge.

explain the implications of the following legal requirements on CSI and CRS programmes 1. employment equity act 2.Skills development act 3.Black economic empowerment 4.The national skills development strategy (I.e sector education training and authorities)

Answers

I will write about the importance of the employment equity act. The main purpose of this act is to ensure the equality in the workplace so that no person shall be denied employment opportunities or benefits for reasons unrelated to ability.

The skills development act has the goal of improving the quality of life of the workers and their possibilities of work. This also helps to improve the productivity of the workplace and competitiveness of all the employers.

I hope it helps, Regards.

What are "ego" needs?

Answers

egative situations to arise so it can have something to do, something to worry about, or something to change.

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