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maks197457 [2]
2 years ago
5

Four years ago, Sam purchased a vacant lot for $10,000. He just sold it for $13,000. During the time Sam owned the property he p

aid $350 per year in taxes, $150 per year on maintenance like grass cutting and $90 per year on miscellaneous expenses. How much did Sam gain or lose on the sale?
Business
1 answer:
kherson [118]2 years ago
7 0

The amount that Sam gain on the sale equals $640.

<h3>What is the amount paid by Sam?</h3>

In this calculation, In four years, he would pay $2,360 in taxes, maintenance and miscellaneous expenses

Hence, this makes the vacant lot worth $12,360 ($10,000 + $2,360).

Therefore, the amount that Sam gain on the sale equals $640.

Read more about property sales

<em>brainly.com/question/25325640</em>

#SPJ1

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Since this is a noninterest-bearing note, or a zero-interest-bearing note payable, what's entered into the 6/30/2018 balance sheet is the Future Value of the equipment. The future value, or the face value, is the amount that Frasquita is obligated to pay on 4/30/2019. 

This means that $550000 is the amount recorded as a Notes Payable in the 6/30/2018 balance sheet.
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4 years ago
An assembly line pulls containers of parts from machining centers at a rate of 600 per day. Each container holds 20 parts and ty
irakobra [83]

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Explanation:

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3 years ago
if inflation was 3% per year, nominal gdp was growing at 8% per year, and population was growing at 2% per year, what was the gr
eduard

GDP nominal: a measure of economic value that takes into account the current market prices of all economic outputs.

Real GDP x GDP Deflator is the nominal GDP.

<h3>How is the real inflation rate calculated?</h3>

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<h3>How is the real GDP growth rate calculated?</h3>

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5 0
2 years ago
The first question you ask is: "gearup has several offices located around the country. what kinds of networks will gearup need t
insens350 [35]
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3 years ago
Purchases in May were $65,000​, while expected purchases for June and July are $75,000 and $93,000​, respectively. All purchases
guapka [62]

Answer:

$61,000

Explanation:

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Therefore for computing the June payments for purchases budgeted we simply applied the above formula.

3 0
3 years ago
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