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iragen [17]
3 years ago
15

During the proofreading task of the completion stage of a business message, be sure to

Business
1 answer:
Nikitich [7]3 years ago
3 0
You have to read very carefully to make sure you dont miss any mistakes

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Four years ago, Company PJ acquired 1,000 acres of undeveloped land. On the date of the exchange, the land's FMV was $700,000. D
zvonat [6]

Answer:

The purchase price, commission and other expenses is of $475,000 deducted from the sales proceed of $1.3 million to arrive at the taxable gains of $825,000.

Explanation:

Taxable gain is a profit realized from the sale of assets that are not inventories. These assets can be fixed assets such land, building, machinery, etc., financial assets like stocks, bonds,etc, and other non-inventory assets.

A capital gain tax rate is applied to the taxable gain to obtain capital gain tax payable.

From the question, the $825,000 taxable gain is the profit realized by Company PJ from selling the acres of undeveloped land after deducting its cost of purchase and other relevant allowable expenses and sales commission from the sales proceed of $1.3 million.

The purchase price, commission and other expenses is therefore equal to $475,000 (i.e. $1,300,000 - $825,000 = $475,000).

In summary, taxable gain is sales proceed minus purchase price, commission and other expenses. We can therefore have:

Taxable gain = $1,300,000 - $475,000 = $825,000.

4 0
3 years ago
Which piece of information in the sales contract does not help the parties specify exactly which property is being purchased?
Kisachek [45]

The contract piece of information in the sales contract does not help the parties specify exactly which property is being purchased.

As explained above, the sales contract should include buyer and seller information, legal description of the property, closing date, down payment amount, contingencies, and other important information about the sale. The essential elements of a sales contract are: (b) identify the subject; (c) prize money or its equivalent;

As a general rule, the full sales contract clause should state that the written contract constitutes the entire agreement between the parties. The clause must also state that the contract supersedes any previous agreements between the parties.

Learn more about sales contracts at

brainly.com/question/984979

#SPJ4

5 0
1 year ago
You notice that​ Coca-Cola has a stock price of $ 40.68 and EPS of $ 2.04. Its competitor PepsiCo has EPS of $ 3.43. ​But, Jones
Finger [1]

Answer:

Estimate Value of a share= $71.81

Explanation:

<em>The value of a share can be determined using the price earning  ratio model. According to this model, the price of a share is estimated as the EPS of the company multiplied by a representative P/E ratio.</em>

Value of share = EPS × P/E

The appropriate P/E ratio would be that of a similar operator in the same industry, in this case , Jones Soda.

Hence the estimate value of share =2.04 × 35.2=71.81

Estimate Value of a share= $71.81

7 0
3 years ago
Security in the form of assets you pledge to a lender.
Anuta_ua [19.1K]
C is the answer. Hope this helps.
6 0
3 years ago
Read 2 more answers
A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the
inn [45]

Answer:

I (allowed) and IV (not considered soft dollar compensation)

Explanation:

Soft dollar compensation refers to payments made to brokerage firms or agents as commission revenue. They differ from hard dollar compensation because hard dollars are payments that were agreed upon before an investor started working with the broker, while soft dollars are based upon variable commissions.

4 0
3 years ago
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