Business High School

Damien paid $41,000 for a new car. A few weeks later, he received a $2,000 cash rebate from the manufacturer. Damien later claimed and received a $3,750 federal tax credit for purchasing and owning the vehicle. Damien's basis in the car is:

Answers

Answer 1

Answer:

$35,300

Explanation:

Cash paid = $41,000

Cash rebate received = $2,000

Federal tax received = $3,700

Damian's basis of car = Cash paid - (Cash rebate received + Federal tax received)

Damian's basis of car = $41000 - ($2000 + $3700)

Damian's basis of car = $41000 - $5,700

Damian's basis of car = $35,300

Related Questions

The marketing manager of Rues Golf Club finds that the club can increase its market share, and become the industry leader if it slashes membership prices by 50% during the first quarter of the year. However, the club cannot achieve its target return on investment if its slashes its membership prices during a quarter. This conflict illustrates:_________

Answers

Answer:

Need for trade offs in pricing objectives

Explanation:

I the given scenario the club is faced with two choices. Either they increase market share and become an industry leader while slashing membership prices, or leave membership price the way it is and meet its target on return on investment.

A trade off is required in this kind of situation.

In a trade off a business will need to lose in one aspect in order to gain in another.

So a choice will need to be made on what the business will be able to lose and come out benefiting more.

If the company values the proposition of increasing its market share and becoming the industry leader, it will slash it's membership price by 50%

locking a cell so that others cannot alters its contents is know as

Answers

Answer:

The correct answer is cell protection.

Explanation:

It is when you prevent others to edit or change the contents of certain cells in a sheet. In doing this, you first unlock all cells. Then, select the cells you want to lock then select the option to lock them. Hope this helped.

Answer:

The answer is Cell protection.

Brad, a retail store manager, notices that one of his employees, Eric, is sleeping in the break room during his shift. Brad needs to give Eric feedback that this conduct is not allowed. You advise Brad that the feedback would be best delivered to Eric:

Answers

Answer: Quickly as Eric's behavior was observed.

Explanation:

One of the major ethics in a work place is to avoid sleep is during your shift, this puts extra work on your colleagues or puts the work or operation at risk when you're the only one carrying out the job. The feedback that Brad would have to Eric has to be done as quickly as possible so that Eric can work on it and desist such attitude.

What is an advantage of using a competency-based pay plan? Employees tend to work harder. Salaries are easy to calculate. Employees are rewarded for staying with the company. It is cheaper than other plans.

Answers

Answer:

Competency-based pay helps to tie your company's culture directly to the success of the company. Increased transparency: Employees will better understand what they have the potential to earn with a competency-based pay system and what skills they need to acquire to reach the pay they desire.

Employees are rewarded for staying with the company is an advantage of using a competency-based pay plan. The correct option is C.

What are the advantages of a competency-based approach to organization?

By using a competency-based approach and taking into account historical competency data, it is possible to enhance job descriptions, find more suitable candidates, create better job descriptions, and even identify which employees to fire when things get tough. They can also assist in determining the most effective employee development program.

By directly linking your company's culture to its success, competency-based pay can help. Increased transparency: With a competency-based pay system, employees will have a better understanding of their earning potential and the skills they will need to develop to get the pay they want. By comparing the competency profiles of your employees to those needed for their jobs, competency-based assessment can help you spot areas where your staff needs to develop. The paths taken by your employees within the company can be visualized using this data to develop individualized development plans.

Thus, the ideal selection is option C.

Learn more about the competency-based approach here:

https://brainly.com/question/15219892

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