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2 years ago

15

A single man lived in his residence for 3 years, sold it for a gain of 185000 he is 58 years old when preparing his tax return h

e may

1 answer:

svlad2 [7]2 years ago

8 0

File form 6239 for a reduced rate.

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You are a real estate owner in Bloomington Indiana and you have rented a house to students. You expect to make 6% per year on th

Lyrx [107]

Answer:

The present value of the contract is 0.5% higher if the rent is paid at the beginning of the month. That is equal to $11.28 for every $100 of rent.

Explanation:

if the rent is paid at the beginning of the month, the present value of the lease contract will be:

PV = monthly rent x PV annuity due factor

we are not given the monthly rent, but we know the PV annuity due factor for 0.5% and 24 periods = 22.67568

if the rent is paid at the end of the month, the PV = monthly rent x PV ordinary annuity factor

the PV ordinary annuity factor, 0.5%, 24 periods = 22.56287

assuming that the rent is $100 (just to calculate a %), the PV of an annuity due = $2,267.57

the PV of an ordinary annuity = $2,256.29

the difference between them = [($2,267.57 / $2,256.29) - 1] x 100 = 0.5%

7 0

3 years ago

The break-even quanity for a certain kitchen appliance is 6000 units. The selling price is $10 per unit, and the variable cost i

Alinara [238K]

Answer:

The correct answer is $36,000.

Explanation:

According to the scenario, the given data are as follows:

Break even quantity = 6000 units

Selling price = $10 / unit

So, Sales cost = 6,000 × $10 = $60,000

Variable cost = $4 / unit

So, total variable cost = 6,000 × $4 = $24,000

So, we can calculate the fixed cost by using following method:

Fixed cost = Sales cost - Variable cost

By putting the value,

Fixed cost = $60,000 - $24,000

= $36,000.

Hence, the fixed cost is $36,000.

3 0

3 years ago

Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 11 ounc

Temka [501]

Answer:

696,325 Pounds

Explanation:

The computation of the direct material purchase budget is given below:

Here we assume that

one pound = 16 ounces

Now total wax needed is

= Production of Finished Goods × Pounds of wax needed for production

= 730,000 candles × 11 ÷ 16

= 501,875 pounds

Now

Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price

= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound

= 696,325 Pounds

4 0

3 years ago

Financial assets may include:__________ a. capital assets that can be sold. b. cash, investments, and receivables, inventories,

mojhsa [17]

Answer:

b. <u>cash, investments, and receivables, inventories, prepayments</u>

Explanation:

Financial assets refer to liquid assets which derive their value from ownership rights and claims. For example, bonds, mutual funds, etc are financial assets.

In the given case, cash, investments, receivables, inventories, prepayments (prepaid expense) etc are liquid assets and current assets which can be readily converted to cash. Investments could be both short term and long term.

Investments in treasury bonds are highly liquid.

Capital assets are usually those assets with maturity period of more than one year and unlike current assets are not intended for sale.

8 0

3 years ago

PLS HELP!! Complete the following sentence.<br> Making sales is the primary mission of a sales___

Doss [256]

Answer:

Salesman

Explanation:

A Salesman, also called a Sales Representative or Salesperson, sells products or services to businesses or consumers. - JH

4 0

3 years ago

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