Daven inherited property from a parent. The property had an adjusted basis to the parent of $1,600,000. It was valued at $2,000,000 at the date of death and valued at $1,800,000 six months after the date of death. The executor elected the alternative valuation date. What is Daven's basis in the property

Answers

Answer 1

Answer:

$1,800,000

Explanation:

As per the section of 1014(a) (2) pf IRS the basis of the inherited property is normally the fair market value at the time of dealth.

In the case when there is an alternative valuation date i.e. chosen so here the basis should be at the fair market value because the valuation is less than the value at death

So $1,800,000 should be considered


Related Questions

om recently received 2,180 shares of restricted stock from his employer, Independence Corporation, when the share price was $10 per share. Tom's restricted shares vested three years later when the market price was $14. Tom held the shares for a little more than a year and sold them when the market price was $12. What is the amount of Tom's income or loss on the sale

Answers

Answer:

the amount of loss on the sale is $4,360

Explanation:

the computation of the amount of Tom's income or loss on the sale is shown below:

= 2,180 shares ×$12 - 2,180 shares × $14

= $26,160 - $30,520

= $4,360

Hence, the amount of loss on the sale is $4,360

The same should be relevant

What are the effects on U.S. imports and exports when the U.S. experiences economic growth stronger than its major trading partners

Answers

Answer:

Imports will increase

Explanation:

Exports provide money into the system, increasing the GDP of the exporting country. If a country imports items, it does so from outside manufacturers. The money that is spent on imports departs the economy, lowering the GDP of the importing country.

Imports will rise if the United States' economic growth outpaces that of its main trade partners.

If it is impractical for a company to adapt to the situation in a developing-country market, the company should ______.

Answers

Answer:

avoid that market.

Explanation:

Developing countries can represent a good business opportunity for companies that want to achieve market gain and profitable advantages. Some of these advantages can be the lower cost of the initial investment, tax incentives for the company to establish itself in that country, cheaper labor, and other advantages that imply a more advantageous and competitive value chain for such an organization.

But on the other hand, developing countries can also pose risks for companies, especially when there is political risk that can make it difficult to operate the company effectively and result in capital and investment losses. When there are such risks, the best thing for companies is to avoid that market and look for one whose adaptation to the market situation of the developing country is totally favorable for business.

what are the main functions of HR department

Answers

Answer:

Personnel administration.

Personnel recruitment and selection.

Compensation and incentive management.

Development of a positive work climate.

Employee performance evaluation.

Staff training and development.

Labour relations.

Occupational health and safety.

Explanation:

The functions of a human resources Department are numerous and diverse, as this team is responsible for managing a company's human capital to meet the established business objectives. The personnel department is key in any company, from attracting and retaining talent to guaranteeing the interests and well-being of employees.

which component of effective high-performance teams is represented by the use of real-time feedback devices acls

Answers

Answer: Quality

Explanation:

High-performance teams refers to the teams, or organizations which focuses on their goals and therefore achieve superior results and outperform other similar teams.

The component of effective high-performance teams that is represented by the use of real-time feedback devices is quality.

A high-performance team is described as a combination of people with particular responsibilities and supplementary abilities and skills aligned with and dedicated to a shared goal, who constantly exemplifies cooperation and mutual and innovative thinking, start producing excellent performance, and suppress revolutionary or drastic views that may be harmful.  

The component of effective high-performance teams is represented by the use of real-time feedback is  Quality.

The high-performance team is known for being the similar, main objective, and sound better system that helps any group member to overcome any obstacles in attaining the team's objectives.

In psychology, quality is a property or feature of an element. The concept of qualities, and notably how to identify different kinds of characteristics from one another, is still debated in contemporary philosophy.

To know more about the high-performance teams and quality, refer to the link below:

https://brainly.com/question/21852404

please help me,its economics, what is the other for real GDP and nominal GDP​

Answers

Answer:

The main difference between nominal GDP and real GDP is the adjustment for inflation. Since nominal GDP is calculated using current prices, it does not require any adjustments for inflation. ... Using a GDP price deflator, real GDP reflects GDP on a per quantity basis.

How investment tax credit and employment tax credit can be used to address unemployment?

Answers

Answer:

Investment tax credit means that companies will pay less taxes if they invest in new projects. These new projects will need people to work on them for it to be successful. When companies take advantage of investment tax credits therefore and invest, they end up hiring people which would reduce unemployment.

Employment tax credit has a more direct effect on unemployment. It reduces taxes per worker hired so if an employer wants to take advantage of this, they should employ more people which would directly reduce unemployment.

4) The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000, would be replaced by a new machine. The new machine would be purchased for $516,000 and would have a 6 year useful life and no salvage value. By automating the process, the company would save $173,000 per year in cash operating costs. The simple rate of return on the investment is closest to:

Answers

Answer:

17.86%

Explanation:

Calculation to determine what The simple rate of return on the investment is closest to:

First step is to calculate the Depreciation

Depreciation = $516,000 ÷ 6years

Depreciation= $86,000

Second step is to calculate Incremental operating income

Incremental operating income = $173,000-$86,000

Incremental operating income=$88,000

Now let determine the simple rate of return on the investment

Using this formula

Simple rate of return = incremental operating income ÷ initial investment

Let plug in the formula

Simple rate of return = $87,000÷$516,000

Simple rate of return =17.86%

Therefore The simple rate of return on the investment is closest to:17.86%

Relative to a flat organizational structure, a tall structure has a _____ span of management and _____ hierarchical levels.

Answers

Answer:

Relative to a flat organizational structure, a tall structure has a Narrow span of management and more hierarchical levels.

A certain product has supply elasticity 0.4 and demand elasticity 2.7. If a tax were placed on the product, what is most likely to happen

Answers

Answer:

Sellers will bear more of the tax burden.

Explanation:

_______________ target ultimate consumers while _______________ target members of the marketing channel.

Answers

Answer:

b

Explanation:

bc

Shampoo manufacturers understand that consumers have different needs when it comes to what type of shampoo they use, such as for curly hair, two-in-one ease of use, or color protection. Knowing that, shampoo manufacturers have divided the market based on these various needs and developed shampoos to accommodate each group. By doing so, these shampoo manufacturers are involved in

Answers

Answer:

market segmentation

Explanation:

Market

People or an organization with needs or wants and the ability and willingness to buy.

Market Segment

A subgroup of people or organizations sharing one or more characteristics that cause them to have similar product needs.

Market Segmentation

The process of dividing a market into meaningful, relatively similar, and identifiable segments or groups.

The elasticity coefficient is determined by looking at the percentage change in quantity divided by the percentage change in price. With that in mind, if the price of gasoline changes by 20% and there is a corresponding 10% change in quantity demanded, what is the elasticity coefficient

Answers

Answer:

Elasticity coefficient = 0.5

Explanation:

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

percentage change in price if gasoline = 20%

percentage change in quantity demanded = 10%

Elasticity coefficient = percentage change in quantity demanded / percentage change in price

= 10% / 20%

= 1/2

= 0.5

Elasticity coefficient = 0.5

______ communication takes place when individuals from different levels and different departments communicate.

Answers

Answer:

Diagonal

Explanation:

An organizational structure can be defined as the process which typically involves dividing an organization into various functional units.

Basically, the organizational structure comprises of three (3) main dimensions and these are;

I. The vertical dimension: this is typically the decision-making responsibilities (decentralization and centralization).

II. The horizontal dimension: this divides the organization into subunits.

III. Integrating mechanisms: it is based typically on the strategic mechanism that controls the various subunits within an organization.

Communication can be defined as a process which typically involves the transfer of information from one person (sender) to another (recipient), through the use of semiotics, symbols and signs that are mutually understood by both parties.

Employees working in an organization are said to engage in a diagonal communication when they communicate with other employees in other departments and on different levels such as level 8, 9, 10, 12, 14, as the case may be.

For example, a diagonal communication takes place when John that's on level 8 in the marketing department communicates with Claire who's on level 10 in the customer relationship management (CRM) department.

Employees will perceive that their opinions are more valued if Multiple Choice they're given personalized, closed-end question-type employee opinion surveys. they're provided settings where employees have the opportunity to converse with all levels of management. they're given emails from the CEO on a regular basis. the company emphasizes job simplification.

Answers

Answer:

they're provided settings where employees have the opportunity to converse with all levels of management.

Explanation:

In the case when the employees would perceive as per their opinion and their opinion are most valued so that means it gives the setting at the time when the employees have the opportunity for conversing the management levels

so as per the given options, the second one option is correct

And, all other options are wrong

Memorial Hospital CEO conducts performance reviews of the hospital's departments and discovered that the average cost of deliveries ($5,000) was above their average revenue, and that the hospital was losing $700 on each delivery. From the information on how much the hospital is losing on deliveries, what is the change in profit for each extra delivery

Answers

Answer:

Memorial Hospital

From the information on how much the hospital is losing on deliveries, the change in profit for each extra delivery is:

= 16.3%.

Explanation:

a) Data and Calculations:

Average cost of deliveries = $5,000

Average revenue per delivery = $4,300 ($5,000 - $700)

Loss on each delivery = $700

The change in profit for each extra delivery is

= 16.3% ($700/$4,300 * 100)

b) The implication of the above information is that the hospital is losing 16.3% each time it performs a delivery because it cost it $5,000 while it can only receive $4,300 from each patient delivered.

When the Federal Reserve decreases the federal funds target rate, the lower rate is achieved through a. purchases of government bonds, which reduces interest rates and causes people to hold more money. b. purchases of government bonds, which reduces interest rates and causes people to hold less money. c. sales of government bonds, which reduces interest rates and causes people to hold less money. d. sales of government bonds, which reduces interest rates and causes people to hold more money

Answers

Answer:

a. purchases of government bonds, which reduces interest rates and causes people to hold more money.

Explanation:

In the case when the federal reserve want to reduce the rate so federal reserve purchased the government bonds from the members of the bank. Also the deposit should be credited to the balance sheet of the bank that provides the more reserve as they needed .This represent that bank should lower the fund rate of federal reserve in order to lending out the additional funds

An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to

Answers

Answer: uncertainty about the ability of the issuer to make timely payments of interest and principal

Explanation:

AAA refers to the highest possible rating which can be assigned to the bond of an issuer by the main credit rating agencies. It should be noted that AAA bonds possesses a high degree of creditworthiness.

An investor who commits a sizable portion of her portfolio to long-term AAA-rated bonds would be exposing herself to uncertainty about the ability of the issuer to make timely payments of interest and principal.

Prior to recording adjusting entries, the office supplies account had a $360 debit balance. A count of the supplies showed $105 of unused supplies remaining. The required adjusting entry is

Answers

Answer:

debit Office Supplies Expense, $255; credit Office Supplies, $255.

Explanation:

Based on the information given the required Appropriate adjusting journal entry is:

Debit Office Supplies Expense $255

Credit Office Supplies $255

($360-$105)

Required-: JOURNAL ENTRY
Paid Rs. 28,000 to Sansee stores in fullsettlement of Rs. 30,000 by cheque
please help Me with this.
I'm still confused in it.​

Answers

Explanation:

Given:

Paid 28,000 in full settlement

Explanation:

Books of (......LTD)

Journal entries

Particular                                                  Debit   Credit

Sansee stores              A/C DR.             30,000

To Discount                 A/C CR                           2,000

To Bank                        A/C CR                          28,000

A _____, offered by companies such as American Express, carries no spending limit, and the entire amount billed to the card is due at the end of the billing period.

Answers

Answer:

Charge card

Explanation:

A charge card is a type of electronic payment card in which there is no interest is to be charged but you needs to the pay the balance of the statement either full or monthly basis. Also it has the highest annual fee that should be charged

So as per the given situation, it is the charge card scenario

Emphasizing the negative consequences that may occur unless a consumer changes behavior is called ________.

Answers

Answer:

a fear appeal

Explanation:

Fear appeal is the strategy that induces fear in an individual with the aim of preventing a particular behaviour.

Usually a risk is presented to person and the consequences of taking a particular action is highlighted.

Fear appeal emphasises the negative aspects of a situation to discourage the participants from acting a particular way.

It is an important tool in malong positive change in an individual's attitudes, intentions, and behaviours.

Leaders who function primarily by clarifying role and task requirements to accomplish established goals exhibit a(n) ________ style of leadership.

Answers

Answer: transactional

Explanation:

Sun Petroleum Corp. recently moved its operations from Galveston, Texas, to Somalia. The decision to move was the result of new federal regulations regarding clean air standards that all petroleum corporations are subjected to. A critic of globalization would say this example demonstrates what concern

Answers

Answer:

Facilities in advanced nations are moving to less developed countries that have lower environmental regulations.

Explanation:

The move from Texas to Somalia seem to be one which aimed at allowing the company to operate under less strict regulations especially legislations regarding environmental pollution and degradation owing to ozone layer depletion and climate change resulting from high carbon emission. Petroleum processing generates a lot of carbon and strict federal regulations have been established in other to control emission in most developed countries such as Texas where Sum petroleum operates. Therefore Sun petroleum's move to Somalia will be seen as one which is aided by the company's desire to operate under less strict environmental guidelines.

all the occupation are equally important how and why .




Answers

It is true that some jobs require more training and experience than others. Also, that some jobs carry more responsibility, pay more, and have greater status.

But that doesn’t mean one job is more important than another.

In an organization, everyone matters and no one should look down upon someone for the work they are doing.

Remember, every job should be valued. And, every person should be treated with dignity and respect.

The purpose of a(n) ______ payment is to facilitate the performance of duties that a government has already obligated itself to do.

Answers

Answer:

grease

Explanation:

A facilitation payment that contains the small bribe is called as the grease payment that solicited to expedite the performance of the transactions that are done on regularly basis or the service in which the company makes the payment is considered to be legal at the time of receiving it

So as per the given situation, it is a grease payment where the government has already the liability to do

Smartphone sales have stagnated in developed countries, but they continue to experience high growth in emerging economies. Which aspect of the industry does this trend reflect

Answers

Answer:

Open innovation

Explanation:

In a bid to drive growth and revenue, organizations and develop products which are customer friendly and centric, company's may decide not to rely on internal expertise or ideas within its own staff or designers, such that they seek external resources in a bid to mould their product offering in a systematic manner. These idea of seeking external knowledge or opinion in other to develop consumer products is called open innovation. It is a major trend which could be used to explain the push and increase in smartphone sales in developing economies as the companies tries to move in line with the current status.

A company's horizontal scope refers to Multiple choice question. the extent to which the company participates in the various activities of the industry's value chain. the various product and services that it offers. the various defensive strategies the company can employ. the extent of its ownership in multiple joint ventures.

Answers

Answer:

the various product and services that it offers.

Explanation:

Horizontal scope or integration can be regarded as process that involves increasing of production of goods or services , and this increase reflect at the same part of all supply chain

by a company . This can be done by

a company merger, internal expansion or acquisition. This process can result into if vast majority of the market for that particular product/ service is been captured by the company.

It should be noted company's horizontal scope refers to the various product and services that it offers.

If the premiums are not paid on a Traditional Whole Life policy that has been in force for decades with no loan outstanding, what happens

Answers

Answer:

The surrender cash value is used for the extended term option.

Explanation:

This is where the nonforfeiture clause comes to policyholders aid. The nonforfeiture clause allows the policy holder who has not made payment of premiums within the grace period to be able to get the cash value of his whole life policy(with already paid premiums), recovered either by cash or extended term option or any other agreement made prior. The cash value of his whole life policy could be applied to the extended term option, allowing the policy holder to get a term insurance policy worth the value of his surrender whole life policy minus any loans against it.

5. Give an example of 'Post Purchase Behavior being important in the buying
process of an individual buyer.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

This would be my example of Post Purchase Behavior being important in the buying process of an individual buyer.

When an individual buys a car, the seller usually shows a great attitude to take care of the client, he continually answers questions and facilitates the process. But the deal is done, it seems that the salesman and the company automatically disappear.

Post Purchase Behavior is important in the buying process of an individual buyer because it really shows the interest and the willingness of the company to take care of their clients. Here is when the salesman or the customer care agent follows up and offers the client a series of services or options to make the client feel comfortable and assure him that he did the best purchase.

The customer care agent can frequently call the client or contact him through email, to ask about how he feels with his new car, if he has encountered any problems if the company can be of help, maybe offering the client a "thank you gift" to create a loyalty bond, and more.

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