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3 years ago

What are the similarities between a business brokerage and a real estate brokerage?

Business

1 answer:

RUDIKE [14]3 years ago

7 0

The similarities between a business brokerage and a real estate brokerage are:

1.Both deal with Real Property.

2.Both require a Real Estate License.

3.Both involve Long-term Liabilities.

<h3>What is business brokerage?</h3>

A business broker is the one that act as intermediary between the buyer and the seller in a business transaction.

A real estate brokerage is a person, who has license to negotiate and arrange transactions between two or more parties involves in a contract.

Learn more about brokerage and a real estate brokerage here: brainly.com/question/17011472

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Kareem bought a rental house in March 2014 for $300,000, of which $50,000 is allocated to the land and $250,000 to the building.

Bingel [31]

Answer: See explanation

Explanation:

a. What is Kareem's realized gain or loss?

Amount realized from sale = $330,000

Less: adjusted basis for house and land = $269000

Less: tennis court adjusted basis = $6200

Realized gain = $54700

b. What is the adjusted basis of the rental house and land at the time of the sale?

Original land basis = $50000

Add: Original house basis = $25000

Less: Depreciation = $30900

Adjusted basis = $269100

c. What is the adjusted basis of the tennis court at the time of the sale?

Tennis court original basis = $7500

Less: Depreciation = $1300

Adjusted basis of the tennis court = $6200

d. If the buyer takes the property subject to the $80,000 mortgage, rather than assuming it, what is Kareem's realized gain or loss?

Amount realized = $330000 + $80000 = $410,000

Less: Adjusted basis for house and land = $269100

Less: Adjusted basis of tennis court = $6200

Realized gain = $134700

3 0

3 years ago

illy fell off a bar stool and hurt his back. As a result, he was unable to work for three months. He sued the bar owner and coll

Arlecino [84]

Answer:

No, the tax treatment will not be same.

All the amounts received by Billy, are during the course of business, and are related to the damages caused to business, and to him personally, and under tax these all amounts are tax free:

Amount received for personal injury of $100,000 is tax free as is related to expense of his personal recovery.

The amount of $50,000 and $15,000 though received from different sources but is for the same purpose of loss of income and destruction caused to business.

Whereas, amber is an employee, she is not the owner and therefore, all of the benefits received from her workplace are taxable.

As the policy was purchased by the employer and therefore, any amount received from such policy by amber will be taxable as a perquisite received from employer.

6 0

4 years ago

Using balance sheet information, the ____ ratio indicates your ability to meet current debt payments.

Ludmilka [50]

Using balance sheet information, the debt ratio indicates your ability to meet current debt payments. When you are trying to balance your debt payments, the ability to pay your debts and the debt you are gaining reflects your ability to optain loans and other necessary requiremends for business or living expenses.

6 0

4 years ago

1. Analysis How many burritos will the producer supply at the price of $1? In your opinion, what is the reason for that quantity

amm1812

The number of burritos that will be supplied depends on the costs the supplier incurs.

You did not include any charts that can be used to answer this specific question so I will give a general answer.

When a supplier is deciding the price at which to supply a good, they look at:

Their costs both fixed and variable
The price others are charging
The demand for the good

The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.

In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.

<em>Find out more at brainly.com/question/1908405.</em>

8 0

3 years ago

Which of the following statements is CORRECT?

Scilla [17]

Answer:

E. If a coupon bond is selling at par, its current yield equals its yield to maturity

Explanation:

At par means at face value. A bond may sell at par, below par or above par. A bond that trades at par has a yield that is equivalent to its coupon. Investors expect to have a return that is equal to the coupon for the risk of lending to the bond issuer.

The coupon rate of a bond is equal to its yield to maturity if the purchase price is equal to its par value or face value.

From the paragraph above, this makes option E the best answer for the question.

4 0

3 years ago