"nanci purchases all of the assets of michael's security service for $200,000. the assets are as follows: asset adjusted basis fair market value inventory $25,000 $50,000 equipment 60,000 40,000 supplies 20,000 20,000 building 80,000 95,000 land 10,000 20,000 $195,000 $225,000 what is nanci's basis in the equipment? "
a. $17,776
b. $35,556
c. $40,000
d. $60,000
e. $61,538

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Sales at a fast-food restaurant average $6,000 per day. the restaurant decided to introduce an advertising campaign to increase daily sales. to determine the effectiveness of the advertising campaign, a sample of 49 days of sales were taken. they found that the average daily sales were $6,300 per day. from past history, the restaurant knew that its population standard deviation is about $1,000. if the level of significance is 0.01, have sales increased as a result of the advertising campaign? multiple choicea)fail to reject the null hypothesis.b)reject the null hypothesis and conclude the mean is higher than $6,000 per day.c)reject the null hypothesis and conclude the mean is lower than $6,000 per day.d)reject the null hypothesis and conclude that the mean is equal to $6,000 per day.expert answer