The following financial resources were among those received by Seco City during year 1:_____
For acquisition of major capital facilities $6,000,000
To create a permanent trust for governmental purposes 2,000,000
With respect to the foregoing resources, what amount should be recorded in special revenue funds?
A) $0
B) $2,000,000
C) $6,000,000
D) $8,000,000

Answers

Answer 1

Answer:

A) $0

Explanation:

Seco City will record $0 as special revenue funds during year 1 with respect to the foregoing resources.

The $6,000,000 for acquisition of major capital facilities would be recorded as capital projects fund.

$2,000,000 to create a non-expendable trust would be recorded as private purpose trust fund.


Related Questions

Ted was dissatisfied with his job. He said that the company policy, supervision, and working conditions were responsible for his dissatisfaction. According to Frederick Herzberg's theory, ________ are the extrinsic factors that create job dissatisfaction.

A. motivators
B. hygiene factors
C. affiliation factors
D. wellness factors
E. achievement factors

Answers

Answer: (B).

"Hygiene factors" are the extrinsic factors that create job dissatisfaction.

Explanation:

Frederick Herzberg's theory states that some factors in the organization lead to job satisfaction while others cause job dissatisfaction.

According to him, the presence of motivators (such as; recognition and employee involvement) in an organization lead to job satisfaction.

He also stated that when "hygiene factors" (such as conducive working conditions, good supervision and job security) are absent, it causes dissatisfaction in the workplace, even though their presence don't improve job satisfaction.

In preparing a bank reconciliation, outstanding checks are__________.
Select one:
a. added to the balance per books
b. deducted from the balance per bank
c. added to the balance per bank
d. deducted from the balance per books

Answers

Answer:

The correct answer is (C)

Explanation:

During the preparation of bank reconciliation, outstanding share are added to the balance per bank. Balance per bank is the ending money balance showing up on a bank statement. A business will make changing sections to its own money book parity to accommodate the contrast between its own balance and the balance per bank

In a bank reconciliation process, outstanding checks are deducted from the balance per bank. This is done to accurately represent financial records by accounting for checks that have been issued but not yet cleared by the bank.

In preparing a bank reconciliation, outstanding checks are deducted from the balance per bank. This process is carried out to match the cash balance on cash account statement with that of the bank statement. Outstanding checks are checks written, or drawn, which have not been paid or cleared by the bank. They have been recorded by the company issuing them, but do not appear on the bank statement because they have not yet been cashed or deposited by the recipient. Thus, they are deducted from the bank's balance in the bank reconciliation process. For example, if your records show you having $5000, but your bank statement displays $6000 because a $1000 check hasn't cleared, you would subtract this outstanding check from the bank balance in your reconciliation.

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A contractor estimated that his 10-men crew could complete the construction in 110 days if there was no rain. (Assume the crew does not work on any rainy day and rain is the only factor that can deter the crew from working). However, after 5 days of rain, on the 61-st day, he hired 6 more people to finish the project early. If the job was done in 100 days, on how many days after day 60 was it raining?(A) 4(B) 5(C) 6(D) 7(E) 8

Answers

Answer:

option (B) 5

Explanation:

Given:

Estimated number of men required if no rain = 10

Number of days required in there is no rain = 110

Number of days with rain = 5

Number of people hired after the 61st day = 6

Therefore,

Total man-days required = 10 × 110 = 1100

Total Man-days before 61st day

= (60 days - number of days with rain ) × Initial number of men

= ( 60 - 5 ) × 10

= 550

let the number of days it rained after day 60 be 'n'

Thus,

Man-days worked after 61st day

= Total number of men after 61st day × ( 100 days - 60 days - x )

=  16 × (40 - n)

also,

Total man-days required = Total Man-days before 61st day + Man-days worked after 61st day

or

1,100 = 550 + 16 × ( 40 - n )

or

550 = 640 - 16n

or

n = 5.625

therefore,

It rained for 5 days

option (B) 5

The JCM contends that these dimensions are required for a high level of motivation among workers.
a) high pay,
b) autonomy,
c) feedback meaningful work,
d) independence autonomy,
e) feedback,
f) good management

Answers

Answer:

b) autonomy

c) meaningful work

e) feedback

Explanation:

The Job Characteristics Model (JCM) states that motivation increases when the employee cares about his job and what he does at his job. In this sense a meaningful work is one that is considered important and is valued by the employee. Autonomy is important because it gives the employee a sense of personal responsibility. How jobs are designed is critical for employee motivation. Finally the employees need feedback both from their coworkers and management, since it not only helps them correct mistakes but it also makes them feel noticed and an important part of the organization.

The company uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Allowance for Bad Debts had a credit balance of $ 800. During the year Blended wrote off uncollectible receivables of $ 2,100. Blended recorded Bad Debts Expense of $ 2,900. Blended's ​year-end balance in Allowance for Bad Debts is $ 1, 600. Blended's ending balance of Accounts Receivable is $ 19,500. Compute the net realizable value of Accounts Receivable at​ year-end.

Answers

Answer:

$17,900

Explanation:

Data provided in the question:

Allowance for Bad Debts at the beginning of the year = $800

Uncollectible receivables during the year = $2,100

Bad Debts Expense at the year end= $2,900

Allowance for Bad Debts at the year end = $1,600

Accounts Receivable at the year end = $19,500

Now,

Net realizable value is calculated as:

= Account receivable at the end of year - Allowance for doubtful accounts at the end of year

= $19,500 - $1,600

= $17,900

In order to produce 100 pairs of oven gloves, Marcia incurs an average total cost of $2.50 per pair. Marcia’s marginal cost is constant at $10.00 for every pair of oven gloves produced. The total cost to produce 50 pairs of oven gloves is:

a. $250.00
b. $500.00
c. $300.00
d. $200.00

Answers

Answer:

option (d) $200.00

Explanation:

Average total cost for 100 pairs = $2.50

Marginal cost for every pair = $10.00

Now,

Total cost = Fixed cost + Variable cost

or

Fixed cost = Total cost - variable cost

or

Fixed cost = (Average total cost × 100) - (Marginal cost × 100)

= ($2.5 × 100) - ($1 × 100)  

= $250 - $100  

= $150

thus,

Total cost to produce 50 pairs of oven gloves

= fixed cost + variable cost

= $150 + (50 × $1)

= $150 + $50

= $200

Hence,

option (d) $200.00

Final answer:

The total cost to produce 50 pairs of oven gloves, given an average total cost of $2.50 per pair, is $125.00. The calculation involves multiplying the average total cost by the number of oven gloves produced.

Explanation:

To calculate the total cost to produce 50 pairs of oven gloves, we use the provided average total cost per pair which is given as $2.50. Average total cost is the total cost divided by the number of units produced. If the average total cost to produce oven gloves is $2.50 per pair:

Multiply the average total cost by the number of oven gloves Marcia produces.So, the calculation would be: 50 pairs * $2.50/pair = $125.00.

Therefore, Marcia’s total cost to produce 50 pairs of oven gloves is $125.00, which isn't an option in the provided choices. The provided marginal cost is not relevant to this particular calculation as it represents the cost to produce an additional unit, not the average cost per unit.

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Suppose that a price-discriminating firm divides its market into two segments. If the firm sells its product for a price of $22 in the market segment where demand is relatively less elastic, the price in the market segment whose customers' demand is more elastic will be

Answers

Answer:

The correct answer is: less than $22.

Explanation:

Price discrimination is a situation where a firm charges different prices for the same product. Different price is charged generally from consumers with different price elasticities.  

A firm charges a higher prices from the consumer with lower price elasticity because with a higher price there demand will decrease less than proportionate.

Lower price is charged from consumers having a higher price elasticity of demand because these consumers will decrease their demand more than proportionate at a higher price.  

So if a firm charges $22 in the market segment with less elastic demand, the price in the more elastic market segment will be lower than $22.

Bonita Industries planned to use 1 yard of plastic per unit budgeted at $101 a yard. However, the plastic actually cost $100 per yard. The company actually made 4600 units, although it had planned to make only 3800 units. Total yards used for production were 4660. How much is the total materials variance?

Answers

Answer:

total materials variance is  $1400 Unfavorable

Explanation:

given data

budgeted = $101

actually cost = $100 per yard

company actually made =  4600 units

planned to make = 3800 units

Total yards used for production =  4660

to find out

How much is the total materials variance

solution

we know that company made 4600 so 4600 yards should be use of material but here actually used 4660 yards

so materials quantity variance  is = 60 ×  $100 = $6000 Unfavorable

material more used

and

here materials bought less than standard price

so that we can say, materials price variance is favorable

so 4600 units should used materials costing =  4600 × $101

initial estimates materials costing = $464600

and

Actually 4600 use materials costing = 4600 ×100 = $460000

so

materials price variance = $464600 - $460000 = 4600 Favorable

and

total materials variance = $4600  - $6000  = -1400

so total materials variance is  $1400 Unfavorable

Monica, a new student at Valley High School, becomes friends with a group of teenagers who use marijuana and remain seated during the singing of the National Anthem. Although Monica had never used marijuana and used to sing the Anthem, she begins to engage in the same behavior as her new friends. This is an example of________.
A. differential association.
B. conformity.
C. labeling.
D. both conformity and labeling.

Answers

Answer: (A) Differential association

Explanation:

 The differential association is one of the type of theory and it is proposed by the Edwin Sutherland In the year 1939.

This theory basically explain about the people values, motives, attitude and the technique which is developed by the interaction with the other people. This theory is also revised in the year 1947.

This theory basically explain about the criminal behavior of the person and also describe about the leaning theory of the deviance.  

 Therefore, Option (A) is correct.

Final answer:

Monica's behavior of using marijuana and not singing the National Anthem as her new friends do is an example of conformity, which is the tendency to adapt to the behaviors and attitudes of a group.

Explanation:

Monica, a new student at Valley High School, adopts the behavior of her friends by using marijuana and remaining seated during the singing of the National Anthem. This scenario is an example of conformity. Conformity refers to the change in an individual's behavior to match the actions and attitudes of a group, even if they differ from the individual's previous behaviors and beliefs. In the context of socialization and drug use, conformity is seen when individuals adapt their behaviors, such as drug or alcohol use, based on the activities of their peers. This widespread tendency to act and think like the people around us, like Monica did with her new friends, is a response to social norms and the influence of those we spend time with.

Laurel loves his job. It offers him the opportunity to meet lots of people, to work outdoors, and to do things his own way. Laurel often jokes that he would be glad to do his job even if he weren't given any pay. This sense of fulfillment is an example of
A. egocentrism.
B. extinction.
C. halo effect.
D. intrinsic reward.

Answers

Answer: Option D

Explanation: In simple words, intrinsic award refers to the satisfactions that an employee fells for himself and herself from his or her job. It refers to a situation when an employee thinks they are getting extra benefit from the job they are performing even though no such benefit is actually provided by the entity they are working for.

In the given case, laurel thinks the some of the characteristics of the job as the extra benefit she is getting. Hence from the above we can conclude that the correct option is D.

Final answer:

Laurel's enjoyment and sense of fulfillment from his job demonstrate D. intrinsic motivation, which is fueled by internal satisfaction rather than external rewards like pay.

Explanation:

Laurel's sense of fulfillment from his job, where he enjoys meeting people, working outdoors, and doing things his own way without needing pay, illustrates an intrinsic reward. Intrinsic motivation comes from within, deriving joy from the activity itself rather than external factors such as compensation. This concept is exemplified in scenarios where personal satisfaction and fulfillment are the main drivers for engaging in an activity.

The enjoyment of the process and self-determined nature of the pursuit are hallmarks of intrinsic motivation. Conversely, the overjustification effect can occur when extrinsic rewards overshadow the pleasure of intrinsically motivated behavior, potentially diminishing the initial joy and autonomy experienced.

Strict product liability is the doctrine that the seller of a product has legal responsibilities to compensate the user of that product for injuries suffered due to a defective aspect of the product, even though the seller has not been negligent in permitting that defect to occur.

Answers

Answer:

The correct answer is A doctrine that holds that the manufacturer of a product has legal responsibilities to compensate the user of that product for injuries suffered because the product's defective condition made it unreasonably dangerous, even though the manufacturer has not been negligent in permitting that defect to occur.

Explanation:

Product liability is the most effective weapon the consumer has against dangerous products. This responsibility can occur at any point in the process of manufacturing or distributing a product. Consequently, the manufacturer, the wholesaler and the seller of the product can share the responsibility of the damages caused by a dangerous or defective product.

A person injured by a dangerous product is required to verify that the product is defective. There are three types of defects that place responsibility on the manufacturers and distributors of a product:

Design: An imperfection or an error in product design made it inherently dangerous. This imperfection existed before the product was manufactured. Manufacturing: A lack in the manufacturing process caused some products to be defective. Marketing: The warnings or instructions needed to use a product correctly were missing.

ACME Corp. has a pricing objective to increase its primary product's sales relative to total industry sales. This is best described as a(n) _______.
a. return-on-investment objective.
b. status quo objective.
c. product quality objective.
d. market share objective.
e. cash flow objective.

Answers

Answer: Option A

                               

Explanation: In simple words, return on investment refers to the profit that an investor makes on the total amount of resources he or she employs in an investment. An investor setting a standard regarding earning a profit in relation to his or her investment in a project is called a return on investment objective.

Generally such objectives are set for earning at least a minimum amount,  however above that will be accepted positively and higher return that the set criteria is  possible as well.

Hence from the above we can conclude that the correct option is A.

In many organizations, information flows much more freely within functions than it does across functions. __________ represents an expanded effort to overcome this tendency.
Multiple Choice
MRPII
DRP
MRP
CRP
ERP

Answers

Answer: ERP (Enterprise resource planning)

Explanation:

 The ERP is stand for the enterprise resource planning and it is the type of business management software which basically allow the organization for managing the integrated applications in the business. It improve the the services and the technology which is related to the function in the back office.

The enterprise resource planning is the system that helps in the improvement of the internal process and the performance of the overall business. The main function of the ERP system is that it support various types function when the ERP system share the database to the different units in the business.

 Therefore, ERP is the correct option.

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:
A. exports exceed imports by $50 billion.
B. imports exceed exports by $50 billion.
C. imports exceed exports by $150 billion.
D. exports exceed imports by $150 billion.

Answers

Answer:

A. exports exceed imports by $50 billion.

Explanation:

GDP = Consumption spending + Investment + Government Spending + Net Export

Net Export = Export - Import

1.2 = 0.69 + 0.2 + 0.26 + Net Export

Net Export = $0.05 trillion

Net Export was $50 billion. Since net export is positive, exports exceeds import by $50 billion.

Which of the following applies to the "value of money"?
i) It is the inverse of the price level.
ii) The value of money falls during economic expansions.
iii) It is the quantity of goods and services that a unit of money will buy.

Answers

Answer:

The answer is iii. That is, value of money lies on the quantity of goods and services that a unit of money are able to exchange for

Explanation:

Money is valuable seemly because of its purchasing power. In other words, its value depends on how much goods and services a unit of currency may purchase. Subsequently, their purchasing power fluctuates following the variation in price level.

Once price level is going up, money has less value - that is a unit of money can purchase less products and services, or that currency is depreciated. Once price level is going down, money has more value - that is a unit of money can purchase more products and services, or that currency is appreciated.

Answer: The answer is i and iii

Explanation:

The value of money is whatever money can be exchanged for. This refers to the purchasing power of money, if there is a rise in prices, it means the value of money has fallen and a fall in prices means that the value of money has risen. Therefore, we can say that the value of money depends primarily on the general price level for goods and services. One of the qualities of money is that it has no intrinsic value, this means that money should have little or no value different from its value of exchange of goods and services. Therefore, money should be wanted not because of its value but because of its value as a medium of exchange.

The value of money is inversely proportional to the general price level for goods and services. The value of money is therefore measured by using the price index such as consumer price index, wholesale price index, cost of living index, and the GDP index.

In lecture, we noted that______.a. SCM replaces what we have previously learned about management, eliminating past practices.b. SCM both replaces what we have previously learned about management, and builds on our past practices.c. SCM does not replace what we have learned about management, but rather builds on our past practices.d. SCM does not replace what we have learned about management, but does eliminate our past practices.e. SCM is already going out of style in the world of marketing management.

Answers

Final answer:

Supply Chain Management (SCM) enhances and builds upon what has been previously learned in management, by providing insights and introducing new scenarios for applying past knowledge. Option A is correct.

Explanation:

Supply Chain Management (SCM) is not meant to replace what we’ve learned about management; rather it is designed to enrich and build upon those foundational concepts. According to the question, SCM incorporates insights from past management practices and introduces new scenarios which facilitate the application of previously learned knowledge. This evolution in management practices emphasizes the continuous growth and adaptation of strategies to meet the ever-changing dynamics of the business world. Therefore, the correct answer to the student's question is that SCM does not replace what we have learned about management, but rather builds on our past practices.

In the context of supply chain management (SCM) technologies, _____ enables business partners to send and receive information on business transactions.
a. direct digital synthesis
b. a local positioning system
c. a global positioning system
d. electronic data interchange

Answers

Answer: (D) Electronic data interchange

Explanation:

The electronic data exchange is one of the technique that helps in interchanging the data and the business information from one organization to another in electronically form.

By using this concept we can easily and fastly share the information or data in an organization. The electronic data exchange method enables the business partners for sending ad receiving the data on the business transaction.    

 There are various types of benefits of using the electronic data exchange method are as follows:

By using the electron data exchange we fastly communicate and sharing the data or any type of business information from one organization to another fastly. It reduce the use of paper and also the expenses.It also improve the turn around time and provide the high quality of the information.

A company conducted a marketing survey of college students and found that 185 own a bicycle and 68 owned a car. If 19 of those surveyed own both a car and a bicycle, how many interviewed have a car or a bicycle?

Answers

Answer:

The number of students who have both car and bicycle = 234

Explanation:

We have given that 185 students have bicycle so [tex]n(A)=185[/tex]

And the students who have car are 68

So [tex]n(B)=68[/tex]

Students who have both car and bicycle [tex]n(A\cap B)=19[/tex]

From set theory we know that [tex]n(A\cup B)=n(A)+n(B)-n(A\cap B)[/tex]

[tex]n(A\cup B)=185+68-19=234[/tex]

So the number of students who have both car and bicycle = 234

A resort manager leases condominiums to out-of-town guests for several months at a time. The resort is licensed under 509 FS. He advertised the condos in a magazine with national exposure. Does this manager need a Florida real estate license?

Answers

Answer:

If the company is licensed under the Florida Statute chapter 509 (Lodging and food service establishments), the manager does not need to get a real estate license himself in order to lease condominiums. He is already being employed by a licensed company, so that should be sufficient enough for him to work without any problems.

According to Laszlo Bock, Google believes in hiring the best talent from the start rather than hoping to develop mediocre talent over time. As such, Google's talent management strategy focuses more money on employee selection than _________ relative to most other companies.

Answers

Answer:

training

Explanation:

Based on the information provided within the question it can be said that Google's talent management strategy focuses more money on employee selection than training relative to most other companies. If they were to focus on training they would have to hire people with few experience and train them over time. This is exactly what Google wants to avoid since training does not guarantee that the individuals will become the best talent available and may still end up being mediocre.

https://The term ________ is commonly used to refer to a collection of companies and processes involved in moving a product from the suppliers of raw materials to the customer.\/244171694/ist-exam-3-chapter-8-flash-cards/

Answers

Answer:

Supply chain

Explanation:

A supply chain is a network of steps involved in the production and delivery of products to a customer. The supply chain process starts with raw materials acquisition, the manufacturing process, and the distribution of products to the point of sale. The supply chain systems will include all the people, entities, technology, and structures that take part from creating to the sale of a product.

The supply chain affects the final price of a product.  A poorly managed supply chain is costly and will lead to products being expensive. An efficient supply chain ensures a company's products are always available to customers, and at a fair price.

Double Click, Inc. has a number of strategic business units. Their handheld computer unit has a large market share in this rapidly growing industry. According to the BCG matrix, their handheld computer business would be classified as_________.

Answers

Answer:

a star.

Explanation:

Based on the information provided within the question it seems that their handheld computer business would be classified as a star. This term refers to a product or service that a company offers which holds the most market shares and generates the most revenue for the company out of all the products and services that they provide. Such as is the case with Double Click's handheld computer units.

Suppose that the CPI does indeed overstate the rate of inflation. When the CPI increases by 5%
and household incomes increase by 5%, we should conclude that the real incomes of
households:
A. increased.
B. stayed constant.
C. decreased.
D. increased more slowly than inflation.

Answers

Answer:

A) increased.

Explanation:

If the CPI overstates the inflation rate, it means that the CPI is higher than the inflation rate. If the CPI = 5%, then the inflation rate must be lower than 5%. If the household incomes increased by 5%, then the real income (nominal income discounted by inflation rate) should have increased.

For example, the inflation rate is lower than 5%, so lets say it is 4%. Then the real income increased by: 5% / 4% = 1.25% - 1% = 0.25%

In a study on the effect of music on worker productivity, employees were told that a different genre of background music would be played each day and the corresponding production outputs noted. Every change in music resulted in an increase in production. This is an example of?

Answers

Answer:

Hawthorne effect

Explanation:

The Hawthorne effect refers to a reaction of the workers included in this experiment where their behavior will be modified (their productivity increased) simply because they know they are being observed. The study should be about how changes in the environment affect productivity, but what really affects productivity is the fact that the workers know they are being part of the study.

In the original Hawthorne experiments, if lighting was increased, productivity increased, but if lighting decreased, productivity also increased. So the changes in productivity had nothing to due with lightning conditions, but rather the fact that the workers were being part of an experiment.

According to classical economics, a decrease in aggregate demand causes the price level to _____________ in the long run. On the other hand, an increase in aggregate demand causes the price level to _____________ in the long run. These changes occur because of _____________.
a. increase; decrease; government intervention
b. increase; decrease; price flexibility
c. decrease; increase; government intervention
d. decrease; increase; price flexibility

Answers

Answer: Decrease, Increase, Price flexibility.

Explanation: According to classical economics, a decrease in aggregate demand causes the price level to DECREASE in the long run. On the other hand, an increase in aggregate demand causes the price level to INCREASE in the long run. These changes occur because of PRICE FLEXIBILITY.

In a flexible market the forces of demand and supply determines the prices of commodities in the market.

As the demand Falls the prices also fall as the demand rises the prices of commodities also rises.

The manager of the bank where you work tells you that the bank has $300 million in deposits and $255 million dollars in loans. If the reserve requirement is 8.5 percent, how much is the bank holding in excess reserves?

Answers

Answer:

The bank is holding $19.5 million in excess reserves.

Explanation:

If the bank has $300 million is deposits and the reserve ratio is 8.5% then the bank needs to have minimum reserves of 8.5% of 300 million so the minimum reserves are 0.085*300 million = 25.5 million

How ever the actual reserves of the bank is the difference between deposits and loans. The deposits are 300 million and loans are 255 million so the actual reserves are 300 million-255 million= $45 million

Excess reserves is the difference between the actual reserves and the minimum reserves so 45 million - 25.5 million = 19.5 million.

Viet drives around and checks meters to document the amount of electricity used in homes. What Energy pathway is he a part of? Energy Conversion Energy Transmission Energy Generation Energy Distribution.

Answers

Answer:

he would be part of the energy distribution process

Explanation:

As Viet drives around and checks meters to document the amount of electricity used in homes since the electricity is distributed off  a power line into the house and then within the house by the wiring to the lights and the electrical outlets for usage by the inhabitants.

Answer:

Energy Distribution

Explanation:

Just finished the test for this.

Pat gave 5,000 shares of stock in Coyote Corporation (a publicly traded corporation) to her church (a qualified charitable organization) in the current year. The stock was worth $180,000 and she had acquired it as an investment four years ago at a cost of $120,000. She reported AGI of $300,000 for the year. In completing her current income tax return, how much is her current-year charitable contribution deduction?a.$180,000

b.$150,000

c.$120,000

d.$90,000

Answers

Answer: a. $180,000

Explanation: Given that the fair market value of the 5000 shares of stock was $180,000 at that time; Pat should include this in information with proof of it's fair value at the time in schedule A of the form

Pat's current-year charitable contribution deduction for donating stock to her church is $120,000, limited to her basis in the property since it's lower than the 30% AGI limit. The correct answer is C. $120,000.

To determine Pat's current-year charitable contribution deduction for giving 5,000 shares of stock in Coyote Corporation to her church, we need to consider the fair market value of the stock and the limitations imposed by tax regulations.

Fair Market Value (FMV): The stock's FMV is $180,000 at the time of the donation.

Pat's Basis: Pat acquired the stock four years ago at a cost of $120,000.

Pat's AGI: Pat's reported AGI for the year is $300,000.

Now, let's calculate her deduction:

The deduction for donating appreciated property (like stock) to a qualified charitable organization is typically limited to 30% of the donor's AGI. In some cases, it may be further limited to 20% or 50% of AGI, depending on the type of organization and the property donated.

In this case, since Pat is donating the stock to a qualified charitable organization (her church), the deduction is generally limited to 30% of her AGI. Thus:

Deduction = FMV of donated property x Limitation Percentage

Deduction = $180,000 x 30%

Deduction = $54,000

However, the deduction cannot exceed her basis in the property. Since her basis in the stock is $120,000, the deductible amount is limited to that basis.

So, Pat's current-year charitable contribution deduction is:

c. $120,000

The correct answer is C. $120,000.

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. Which resource management task establishes and maintains the readiness of resources and ensures providers are paid in a timely manner? A. Track and Report B. Reimburse and Restock C. Mobilize D. Order and Acquire

Answers

Answer: Option B

Explanation: In simple words, Reimburse refers to the group of activities that focuses on providing the return to the sources who are proving resources to the organisation.

While on the other hand, restocking refers to the futon under which the management of an organisation tries to keep recording of the funds needed so that payments to the resource providers can be made in a timely manner as it can harm the reputation of the firm and its relation with the suppliers.

Richard goes on a vacation to Orlando, Florida and stays in a hotel there. While at the hotel, he accidentally leaves his guitar in his hotel room and checks out of the hotel. The guitar represents ________, and the hotel has a duty to return it to Richard, who is its rightful owner.

Answers

Answer:

mislaid property

Explanation:

Based on the information provided within the question it can be said that the guitar represents mislaid property. This term refers to something that was left in a specific place with the intention of retrieving it later but then forgotten. Which is exactly what happened with the guitar, as Richard left it in the hotel for safe keeping but forgot to take it when he left the hotel for good.

Final answer:

Richard's guitar left in the hotel represents personal property. The hotel is legally obligated to care for it and try to return it to Richard.

Explanation:

In the given situation, Richard's guitar left in the Orlando, Florida hotel while on vacation represents a form of personal property. The hotel now has a legal duty, known as bailment, to take care of the guitar and, if possible, return it to its rightful owner, who in this scenario is Richard. It's important to note that the hotel shouldn't use or damage the guitar as it doesn't belong to them. In case of any harm or loss, the hotel might be held responsible and required to compensate Richard for his personal property.

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