When inserting references in a document, _____ appear at the bottom of a page, while ____

A property is sold for $5,100,000 with selling costs of 3% of the sales price. The mortgage balance at the time of sale is $3,60

balu736 [363]

Answer:

Option (d) is correct.

Explanation:

Net sales:

= Selling price - Selling cost

= $5,100,000 - (0.03 × $5,100,000)

= $5,100,000 - $153,000

= $4,947,000

Gain on sale:

= Net sales - (Cost - Depreciation)

= $4,947,000 - [$4,820,000 - (5 × $153,016)]

= $4,947,000 - ($4,820,000 - $765,080)

= $4,947,000 - $4,054,920

= $892,080

Tax on capital gain:

= Tax rate × Gain on sale

= 0.28 × $892,080

= $249,782.40

After-tax cash flow from sale of the property:

= Net sales - Tax on capital gain - Mortgage balance

= $4,947,000 - $249,782.40 - $3,600,000

= $1,097,218

3 0

3 years ago

A community college might grant all of the following degress except

klio [65]

I would say a technical program certificate, i hope i helped, have an amazing day :)

3 0

3 years ago

Read 2 more answers

Suppose that the u.s. government doubles its spending on health care. the _____ curve shifts _____, output _____, and prices ___

denpristay [2]

The aggregate demand curve shifts right, output increases, and prices increase when the U.S. government doubles its spending on health care.

Aggregate demand or AD refers to the total demand for all individual goods and services.

The aggregate demand and supply for an economy can be depicted by a schedule, a curve, or even an algebraic equation. Just like the demand and supply for individual goods and services.

The total quantity of all goods and services that the economy demands at various price levels is illustrated by the aggregate demand curve.

Therefore, if the U.S. government doubles its health care spending, the aggregate demand curve shifts right, output rises, and prices rise.

Know what happens when there's equilibrium or when supply and demand meet: brainly.com/question/1342403

#SPJ4

8 0

2 years ago

Ms. Fresh bought 1,000 shares of Ibis Corporation stock for $6,700 on January 15, 2016. On December 31, 2018 she sold all 1,000

Sedaia [141]

Answer:

her basis in her 1,000 shares purchased in 2019 = $4,775

Explanation:

Data provided in the question:

Number of shares bought = 1,000

Value of Ibis Corporation stock = $6,700

Selling value of Ibis Corporation stock on December 31, 2018 = $5,350

Buying price of shares on January 23, 2019 = $3,425

Now,

Since shares are bought back within 30 days from the previously purchase shares sold ,

therefore,

the loss will not be considered

But this will increase the Adjusted basis for new shares purchase

Thus,

Realized loss = Sales value - Purchase value

= $5,350 - $6,700

= - $1350

Here,

the negative sign depicts the loss

LTCL = $0

Adjusted basis for new 1000 shares

= Buying price of shares on January 23, 2019 + Realized loss

= $3,425 + $1,350

= $4,775

8 0

4 years ago

Question 18

Scilla [17]

Answer:

if, before the sale, notice is given to Fertile Farm.

Explanation:

hope this helps you have a nice day :)

5 0

2 years ago

When inserting references in a document, _____ appear at the bottom of a page, while _____ appear at the end of the document.

When inserting references in a document, _ appear at the bottom of a page, while _ appear at the end of the document.