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
iren [92.7K]
4 years ago
5

Pat sells land for $25,000 cash and a $75,000 5-year note. If her basis in the property is $30,000 and she receives only the $25

,000 down payment in the year of sale, how much is Pat's taxable gain in the year of sale using the installment sales method?
Business
1 answer:
LuckyWell [14K]4 years ago
8 0

Answer:

$17,500

Explanation:

Calculation of Pat's taxable gain in the year of sale using the installment sales method :

First step is to add up Land + Cash

$75,000+$25,000

=$100,000

Second step

([$100,000-$30,000)/$100,000]*$25,000

=($70,000/100,000)*$25,000

Hence:

0.7*$25,000

=$17,500

Therefore Pat's taxable gain in the year of sale using the installment sales method will be $17,500

You might be interested in
choose a u.s.-based fortune 500 company to analyze; submit the name to be approved by the instructor. each student will analyze
natulia [17]

Fortune 500 Companies: A ranking of the 500 largest US firms, ordered by total revenues for each fiscal year, is known as the Fortune 500.  

The US Based fortune 500 company that can be selected for analysis and which has issued Outstanding Bonds is Microsoft Corporation.

Outstanding Bonds:  These are those bonds that have been already issued but have not yet matured or redeemed.

To learn more about Fortune 500 Companies, visit the following link:

brainly.com/question/14697728

#SPJ4

3 0
2 years ago
Which of these methods will remove a custom tab stop?
Andrew [12]
I think it’s B. Triple- click the tab stop
4 0
3 years ago
Polaroid’s 3d pen allows users to create 3d models. You can free draw or use the polaroid trace app to trace over stencils and b
hammer [34]

For Polaroid, the addition of the 3D pen to the U.S. market would be viewed as a <u>market development</u> strategy on product-market matrix.

<h3>What is a product-market matrix?</h3>

This refers to a business map that helps the Product Managers to map the strategic market growth of their products. This Matrix was named after Igor Ansoff, who was a a mathematician and business manager who published an essay outlining the matrix in the Harvard Business Review in 1957.

The 4 strategies of Ansoff Matrix (product-market matrix) includes:

  • market penetration
  • market development
  • product development
  • diversification.

In conclusion, the addition of the 3D pen to the U.S. market would be viewed as a market development strategy on product-market matrix.

Read more about product-market

brainly.com/question/1273826

#SPJ1

7 0
2 years ago
41 had investments in stock funds 91 had investments in bond funds 60 had investments in money market funds 47 had investments i
Evgesh-ka [11]

Answer:

The answer is "22 and 80"

Explanation:

The important part is to understand how the Venn diagram can assist you with your numbers.

You cannot draw this one, and you can create one as follows:

the 3 sorts of funding, then make your way back thru the list

this is the figure in the center - "22 had all 3 funds"

where the four dimensions meet. In the next three statements, you'll be able to:

Work out where 2 circles connect (remember all 22 of those circles are connected).

That's because the numerals have been already placed throughout the center zone.

bond & money market solenoid valves at a ratio of 36-22=14

36-22=14 as to where the corporate market and the term deposit intersect

47-22=25 as to where equities and bonds connect You can use the top 3 statements to work out all the values in a table.

(Set of) just one circle (circle)

for stock the number is 141-(22+14+25)=80

for the bond, the number is91-(22+14+25)=30

for the money market, the number is 60-(22+14+14)=10

(universal set) Lastly, get the number that goes into the rectangle.

\to 200-(80+30+10+25+14+14+22)=5

a) 22\\b) 80

7 0
3 years ago
Santa Fe Company was started on January 1, Year 1, when it acquired $9,000 cash by issuing common stock. During Year 1, the comp
Nitella [24]

Answer:

All of the options are false.

Explanation:

The net income is an element that increases the owners' equity while dividend paid reduces it. Both are elements of the cash flows for operating and financing activities respectively.

Considering the information given;

Acquired $9,000 cash by issuing common stock - This is an inflow of cash and forms the owner's equity balance at the start of the year.

During Year 1, the company earned cash revenues of $4,500, paid cash expenses of $3,750 - These are elements of the income statement and will result in a net income of $500 ($4,500 - $3,750 - $250).

and paid a cash dividend of $250 - This is a reduction in the owner's equity and is a cash outflow.

Now a review of all the options;

a. The 2016 statement of cash flows would show net cash inflow from operating activities of $2,450. - Net  cash flow from operating activities is $750 (($4,500 - $3,750). Hence this is false.

b. The 2016 income statement would show a net income of $1,300. - As shown in the consideration, this is false.

c. The 2016 statement of cash flows would show a net cash flow from financing activities of $9,700.  - Net cash flow from financing is

= $9000 - $250 = $8750

d. The December 31, 2016 balance sheet would show total equity of $15,750 - Total equity

=$9000 + $4,500 - $3,750 - $250 = $9,500

Hence all of the options are false.

7 0
3 years ago
Other questions:
  • A company’s past experience indicates that 60% of its credit sales are collected in the month of sale, 30% in the next month, an
    15·1 answer
  • Lena works as an order-taker at fast burger, a fast-food restaurant. she does not cook food, or even package the final order, bu
    15·2 answers
  • Jackie is doing a marginal analysis to decide if she should spend any more money on a movie download. After figuring out her mar
    11·2 answers
  • Which of the following responsibilities must be assumed by the management of a company?
    13·1 answer
  • Richard Beck has a life insurance policy which he has modified to include an accidental death benefit payable to his son and dau
    13·1 answer
  • What is positive technological​ change? Positive technological change is when A. a firm is able to produce more output with the
    9·1 answer
  • Traditional buyer-supplier relationships revolve around financial considerations. buyers and suppliers both try to get the best
    9·1 answer
  • Capricorn Creative Inc., a U.S.-based advertising firm, was the first in the advertising industry to identify the growth potenti
    15·1 answer
  • Prepare a Pareto chart of the possible causes for a student to fail a final examination in a university course.
    10·1 answer
  • in times of rising prices, cost of goods sold determined using the lifo inventory assumption typically will be than cost of good
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!