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Snowcat [4.5K]
3 years ago
5

Bart sold a parcel of land for $21,000. He paid a real estate agent a commission of $1,500 for assisting with the sale. Bart had

purchased the land several years earlier for $20,000. What is the amount realized on the sale of the land?
Business
1 answer:
vivado [14]3 years ago
7 0

Answer: The amount realized on the sale of the land is $19500.

Explanation: The amount realized in the sale of the land is equal to the sale price less the commission of the real estate agent, that is:

21000 - 1500 = $ 19500

But in reality the operation generated a loss of $ 500 given by the difference between the price at which I bought the land and the amount realized in the sale, which is:

19500 - 20000 = $( - 500).

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The calculation of the payback period for an investment when net cash flow is uneven is:
DedPeter [7]

Answer:

Determining when the cumulative total of net cash flows reaches zero.

Explanation:

8 0
3 years ago
Justin, age 66, paid $6,000 in qualified medical expenses in 2019 and took an $8,000 Archer MSA distribution during the year. Wh
Triss [41]

Answer:

No tax penalty will apply with respect to the excess distribution

Explanation:

Data provided in the question:

Age of Justin = 66 years

Qualified medical expenses in 2019 = $6,000

Archer MSA distribution taken during the year = $8,000

Now,

No tax penalty applies to with respect to the excess distribution for an individual whose age is over 65 years on the records.

Here,

The age of Justin is 66 years i.e over 65 years.

hence,

No tax penalty will apply with respect to the excess distribution

4 0
3 years ago
You have $5,000 to deposit. Regency Bank offers 15 percent per year compounded monthly (1.25 percent per month), while King Bank
aliya0001 [1]

Answer:

Regency Bank

A = $98577.46

king Bank

A = $81832.68

Explanation:

Given Data:

principle amount  =$ 5000

rate of interest = 15%

n =12 {compounded months}

t = 20 year

for Regency Bank

investment amount obtained as

A =P\times [1 + \frac{r}{n}]^{nt}

A = 5000 [1 + \frac{0.15}{12}]^{12\times 20}

A = $98577.46

for King Bank

Investment amount obtained as

A =P\times [1 + \frac{r}{n}]^{nt}

Here n = 1

A = 5000 [1 + \frac{0.15}{1}]^{1\times 20}

A = $81832.68

3 0
3 years ago
Carrie owns a boutique shop that sells decorative, handmade pottery. She's choosing an online ad campaign to allow a seamless sh
mestny [16]

The main benefit that the shopping campaign ads will offer Carrie is that it will help to give detailed information about her product before they click the ads,

Basically, the shopping campaigns ads is a advert placed online or website to attract prospective customer

  • This ads campaigns help business-owners to promote their products because its gives the users detailed information about what they are selling even before they click on the ad.

In conclusion, the main benefit that the shopping campaign ads will offer Carrie is that it will help to give detailed information about her product before they click the ads,

Read more about shopping campaigns ads:

brainly.com/question/7157524

8 0
3 years ago
Which of the government wide commercial purchase card programs mandatory oversight procedures involves validating that all data
Soloha48 [4]

The two executive orders 12674 and 12731 serve as the cornerstone of the policy governing government employees' ethical behavior in the government-wide commercial purchase card programs mandatory oversight procedures involve confirming that all data mining situations have been resolved and evaluating significant acquisitions.

<h3>What is ethical conduct in government?</h3>

No unapproved agreements or promises of any type that aim to bind the government may be made by employees. Employees are not permitted to use their jobs for their own gain. Employees are expected to act impartially and refrain from favoritism toward any private organization or individual.

Principles of Ethical Conduct for Government Officers and Employees, Executive Order 12731 and 12674. Article 101. Each Federal employee shall respect and abide by the basic principles of ethical service as outlined in the regulations adopted in accordance with sections 201 and 301 of this order. These principles are as follows: Public service is a public trust.

Learn more about Ethical Conduct here:

brainly.com/question/6849031

#SPJ4

8 0
2 years ago
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