Answer:
The answer is: A) $0
Explanation:
I am assuming Stuart's stock is part of his retirement account. If this is true, then the stock dividends and stock splits are not taxed as they are earned (but they will be taxed later when Stuart starts receiving his distributions).
If Stuart's stock was not part of his retirement account, then he would have to pay taxes (usually a 15% tax rate applies).
Answer: variable; fixed
Explanation: In the short run, Kyoko's workers are variable inputs. This is because, the number of workers needed can be varied based on production needs, even in the short run. Examples are energy, labor etc.
Kyoko's ovens are fixed inputs. Fixed inputs are those inputs whose quantities cannot be changed in the short run by a firm as it seeks to change the quantity of output produced. Examples are equipment, land and building.
Answer:
0.4868%
$615.47
Explanation:
Given that
a. EAR = 6%
Thus,
Equivalent monthly rate = (1 + r)^n - 1
Where r = EAR
Therefore
= (1 + 0.06)^1/12 - 1
= 1.0048675 - 1
= 0.0048675 × 100
= 0.4868%
b. Given that
Monthly rate = 0.4868%
Future value = 100,000
Time = 10 years
Recall that
FV annuity formula = C × (1/r) × ([1 + r ]^n - 1)
Where
C = payment
Therefore
100000 = C (1/0.004868) × ([1 + 0.004868]^120 - 1)
C = 100,000/(1/0.004868) × ([1 + 0.004868]^120 - 1)
C = $615.47 per month
Answer:
$2.07
Explanation:
the complete answer details is found in the attachment below
Answer:
a. $222,000
b. $22,000
c. $158,000
Explanation:
a. FMV of rental property = FMV of land received + Received cash
= $200,000 + $22,000
= $222,000
b. FMV of land received $200,000
Cash boot received $22,000
Less: Basis of rental property $158,000
Realized gain $64,000
Recognized gain (Boot) $22,000
this transaction qualify for a like-kind exchange under section 1031 When no gain or loss is recognized on an exchange but on Boot received. But recognized gain will be lower of boot amount of realized gain.
c. Carryover basis of original assets = FMV of rental property - Realized gain
= $222,000 - $64,000
= $158,000
