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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$

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The crossover point is that production quantity where: _________
Vanyuwa [196]

The crossover point is that production quantity where total costs for one process equal total costs for another process. Hence, option D is correct.

<h3>What is crossover point?</h3>

Financial independence is secured when investment income exceeds regular income. In financial jargon, this is known as the "cross over point."

When the production expenses for one product are the same as those for another product, there is an added benefit to selling any product because the cost is the same and the income will be higher from each unit, independent of the number of units sold.

Thus, option D is correct.

For more details about crossover point, click here:

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All options are missing firm the question-

a. variable costs of one process equal the variable costs of another process.

b. fixed costs of a process are equal to its variable costs.

c. total costs equal total revenues for a process.

d. total costs for one process equal total costs for another process.

e. the process no longer loses money.

4 0
2 years ago
Calculate the net debt of the company based on the information below:
galina1969 [7]

Answer:

$28,300

Explanation:

Calculation to determine the net debt

Using this formula

Net debt=(Short-term interest bearing debt +

Long-term interest bearing debt+Non-interest bearing liabilities)-Cash and equivalents

Let plug in the formula

Net debt=($ 3,000 +$25,000+$ 1,500)-$ 1,200

Net debt=$29,500-$1,200

Net debt=$28,300

Therefore Net debt is $28,300

6 0
3 years ago
What happens at oceanic-continental convergent boundaries
anzhelika [568]

Answer:

The first type of convergent boundary is Oceanic-Continetal Convergence. This type of convergent boundary happens where an oceanic plate and a continental plate push together causing the oceanic plate to be forced under the continental plate into the mantle because the oceanic plate is thinner. This is called a subduction.

Explanation:

4 0
3 years ago
us suppose that you open a savings account at the campus credit union. Into this savings account, you place $100 in savings. The
BartSMP [9]

Answer:

the  future value in two years is $110.25

Explanation:

The computation of the future value in two years is shown below:

As we know that

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= $100  × (1  + .05)^2

= $100 ×  (1.1025)

= $110.25

Hence, the  future value in two years is $110.25

The same should be considered and relevant

5 0
2 years ago
Seeing his son graduate from college is most likely a short-term goal for a
Reika [66]

The answer is c 28 years old

5 0
3 years ago
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