Hunter sailing company exchanged an old sailboat for a new one. the old sailboat had a cost of $110,000 and accumulated depreciation of $22,000. the new sailboat had an invoice price of $124,000. hunter received a trade-in allowance of $96,000 on the old sailboat, which meant the company paid $28,000 in addition to the old sailboat to acquire the new sailboat.

if this transaction lacks commercial substance, what amount of gain or loss should be recorded on this exchange?

a. $8,000 loss

b. $8,000 gain

c. $88,000 loss

d. $0 gain or loss

e. $96,000 gain

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the answer is d i just took the test (provides the number of allowances an employee has claimed.)

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.

answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.