1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Phoenix [80]
3 years ago
10

Brenda sold investment land for $200,000 in June. Her basis in the land was $75,000. The purchaser paid Brenda $40,000 cash and

gave her his 5-year, interest-bearing note for the $160,000 remaining contract price. In December, Brenda received a $20,000 principle payment on the note. Brenda's recognized gain this year is:a. $22,500 b. $37,500 c. $125,000 d. $60,000
Business
1 answer:
spayn [35]3 years ago
4 0

Answer:

b. $37,500

Explanation:

a. Realized gain = (cash down payment + Purchase Note ) - Adjusted Tax basis

=(40000+ 160000)-75000

= 200000 - 75000

= 125000$

Gross profit percentage = profit /sales

=125000 / (40000 + 160000)

=125000 / 200000

=62.5%

year 1 Realised gain =   downpayment * 62.5%

= 400000 *62.5%

=25,000$

Realised gain = installment payment * 62.5%

= 20000 * 62.5%

= 12,500$

i.e 37,500$

You might be interested in
Eric wants to invest in government securities that promise to pay $1,000 at maturity. The opportunity cost (interest rate) of ho
Scrat [10]

Answer:

The second option which 5 years to maturity exhibited a lower price of

$523.95  

Explanation:

In order to ascertain the option with lower, it is important we determine the price of each investment based on the fact the price of an investment opportunity today is the present value of its future cash flow is the maturity value of $1000 in both cases:

a.

PV=FV/(1+r)^n

PV=price of investment

FV=future value=$1000

r= 13.80%.

n=4 years

PV=$1000/(1+13.80%)^4

PV=$596.25

b.

PV=FV/(1+r)^n

PV=price of investment

FV=future value=$1000

r= 13.80%.

n=5 years

PV=$1000/(1+13.80%)^5

PV= $523.95  

7 0
3 years ago
The long-range strategic planning committee for the Lizard Clothing Company is composed of managers from engineering, R&D, p
liubo4ka [24]
I would say that what best describes the team of managers from the different departments (Engineering, R&D, Prod, and Marketing) is a Cross-functional team because the group consists of different people in different fields of expertise which work together toward a common goal for the Lizard Clothing Company. 
7 0
3 years ago
Please help!!
KonstantinChe [14]

Incomplete question. Answered from a general perspective.

<u>Explanation:</u>

The following two circumstances may warrant a professional response to an online post:

  • when the comment constitutes misleading/false information about the company.
  • the comment indicates a sincerely confused customer wanting to solve an issue or get answers to their query.

Guidelines:

  • Maintain formality in reply
  • Be polite in reply
  • Express appreciation for the feedback.
  • Apologize where necessary.
  • Reinstill trust.
5 0
2 years ago
What idea did both the Regulators and Stamp Act Congress share? a. Colonial governors should make decisions unilaterally. b. Boy
alexandr1967 [171]

Answer:

the correct answer is

<em> c. Colonists wanted to be represented in the government.</em>

<em></em>

good luck

8 0
3 years ago
To create an indian flag as per the standard ratio​
adell [148]
Anwser - 3:2 I’m not sure if u still need help
5 0
2 years ago
Other questions:
  • Al, who is single, has a gain of $40,000 on the sale of § 1244 stock (small business stock) and a loss of $80,000 on the sale of
    14·1 answer
  • Kathy, a fashion model, witnessed a motor vehicle accident but did not stop because she was late for her pedicure and simply did
    9·1 answer
  • The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $11,000,
    14·1 answer
  • In a typical scenario planning exercise,:
    6·1 answer
  • I have an idea that might address all of these issues. What if none of us have any of these donuts but instead we break up into
    9·1 answer
  • A process in which a third party reviews a case made by two sides of a negotiation is called ________.
    15·2 answers
  • Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert
    6·1 answer
  • Why might a company invest in another​ company? A. To ensure a steady supply of raw materials if the company being purchased is
    9·1 answer
  • Na mais estreita definição da palavra, um empreendedor é o indivíduo que empreende, ou seja, que busca realizar a tarefa difícil
    12·1 answer
  • 1. How much would you pay for a share of stock paying a dividend​(cash payout ​C) of ​$4 to be paid in one​ year, a known sellin
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!