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3 years ago

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Juliana purchased land three years ago for $50,000. She gave the land to Tom, her brother, in the current year, when the fair ma

rket value was $70,000. No gift tax is paid on the transfer. Tom subsequently sells the property for $63,000.

1 answer:

Nadya [2.5K]3 years ago

8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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What is the rate of return when 30 shares of Stock

sattari [20]

Answer:

-0.67%

Explanation:

We are told that 30 shares of Stock are purchased for $30/share..

This gives a total value of: 30 × 30 = $900.

Now,they are sold for $900 with a commission of $6. This means the final money getting to the seller is; 900 - 6 = $894.

Thus; rate of return percentage = (894 - 900)/894) × 100% = -0.67%

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Consider a game with two players who cannot communicate, and in which each player is asked a question. The players can either a

AveGali [126]

Answer:

Each player can adopt a T for T strategy or a trigg er strategy. It is important to state that these strategies were not possible in a one-time game.

The equilibrium is that both players answer honest and each makes normal profit.

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In a short term, game equilibrium is not likely due to lying is more profitable than answer honestly deploying stated strategies.

Reference: NomCab HSEONE. “PS8- solution.” Academia , 2019.

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3 years ago

What is the biggest advantage of having a checking account

madreJ [45]

You have access to online and Mobile banking ATM’s and the use of debit card.

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3 years ago

Scrimshander, Inc. is a shipping company, transporting goods using cargo ships. On January 1, 2017, the company purchases and pu

Alex17521 [72]

Answer:

Scrimshander, Inc.

a) Annual depreciation expense = $360,000

b) Net book value of the cargo ship as of December 31, 2019 = $9,280,000

c) Net book value of the cargo ship as of December 31, 2041 = $1,360,000

d) Depreciation expense for 2042 = $360,000

Explanation:

a) Data and Calculations:

Purchase price of a cargo ship = $10,000,000

Expected useful life of the ship = 25 years

Salvage value = $1,000,000

Depreciable amount = $9,000,000 ($10,000,000 - $1,000,000)

Annual depreciation expense = $360,000 ($9,000,000/25)

Net book value as of December 31, 2019 = $9,280,000 ($10,000,000 - $720,000)

Accumulated depreciation = $720,000 ($360,000 * 2)

Net book value as of December 31, 2041 = $1,360,000 ($10,000,000 - 8,640,000)

Accumulated depreciation = $8,640,000 ($360,000 * 24)

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Answer:

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