Tim recognize on the exchange of his services for a roof

Assignment Help Applied Statistics

Reference no: EM13723585

Tim is a plumber who joined a barter club. This year Tim exchanges plumbing services for a new roof. The roof is properly valued at $2,500, but Tim would have only billed $2,200 for the plumbing services. What amount of income should Tim recognize on the exchange of his services for a roof? Would your answer change if Tim would have normally billed $3,000 for his services?

Reference no: EM13723585

Questions Cloud

Describe organizational structure of selected organization : Describe the organizational structure of your selected organization. Compare and contrast that structure with two different organizational structures.

Test statistic and the critical values and mention : H0: pi1- pi2 .01 at alpha =.05 where p1=.08, p2=.035, n1 = 200, n2 = 400. Indicate which test you are performing; show the test statistic and the critical values and mention whether one-tailed or two-tailed.

Assessment of the work processes : Describe the results of your assessment of the work processes and key employees to be addressed in your final paper. Discuss how the organization will change while meeting its strategic challenges in the future.

Explain why american democracy is celebrated globally : Why American democracy is celebrated globally as the example for all other democracies to model their governments upon.

Tim recognize on the exchange of his services for a roof : Tim is a plumber who joined a barter club. This year Tim exchanges plumbing services for a new roof. The roof is properly valued at $2,500, but Tim would have only billed $2,200 for the plumbing services. What amount of income should Tim reco..

Define total quality management : Assume that you have recently been hired as the director of continuous improvement of a company. You are an outside hire with limited history of the firm and personal capital at the firm, and you are responsible for lean production, total quality ..

Monitor employee performance : How did most employees feel about the monitoring of activities that managers put in place to monitor employee performance and overall company performance

A standard deviation of four pounds. : A survey of 50 lobster fishermen on Funafuti (an island in Tuvalu), found that they catch an average of 32 pounds of lobster per day with a standard deviation of four pounds.a) If a fisherman is selected randomly, what is the probability that hi..

What issue led to the rise of the jefferson-republican party : What issues led to the rise of the Jefferson-Republican party in the 1790s? What mistakes were made by the Federalists that allowed the Republican Party to succeed?

User Account

All Pages