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LenKa [72]
3 years ago
6

Homeowner Elizabeth sold her house and had net proceeds of $266,000. Her adjusted basis in the home was $235,000. She immediatel

y bought another house for $198,000. What was Elizabeth's capital gain?
Business
1 answer:
Ira Lisetskai [31]3 years ago
4 0

Answer:

$31,000

Explanation:

Given:

Net Proceeds of old house = $266,000

Adjusted basis amount = $235,000

Cost of new house = $198,000

Computation of Capital Gain:

Capital Gain = Selling Price of particular capital - Adjusted basis amount of capital

Capital gain = $266,000 - $235,000 = $31,000

Therefore, capital gain of Elizabeth from sold her home is $31,000

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If price is less than the average variable cost of a representative firm in a competitive industry in short-run:_________
IceJOKER [234]

Answer:

I think the answer is "D"

Explanation:

hope it helps :)

3 0
3 years ago
You are involved in an Information Systems project. The project's scope has widened, but there is no change in cost, quality, an
LenKa [72]

Answer:

True

Explanation:

Project scope deals with the specific requirements or tasks necessary to complete the project. Scope is important to manage on any project, because if you can’t control the scope of the project, you’re not likely to deliver it on time. Also should the scope get widened it will result in time taken to complete the project.

Every project is faced with the triple constraint, which are the time, scope and cost.

Kindly see the attached for further clarity

3 0
3 years ago
On July 1, 2020, Indigo Co. pays $9,400 to Sweet Insurance Co. for a 2-year insurance policy. Both companies have fiscal years e
aliya0001 [1]

Answer:

Explanation:

The journal entries are shown below:

On July 1

Prepaid insurance A/c Dr $9,400

    To Cash A/c $9,400

(Being the prepaid insurance for cash is recorded)

On December 31

Insurance expense A/c Dr $2,350

         To Prepaid insurance A/c $2,350

(Being the insurance expense is recorded)

The computation is shown below:

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= $9,400 ÷ 2 years × 6 months ÷ 12 months

= $2,350

6 0
3 years ago
Greg Downs recently has noticed that the plant he is managing is delivering only 30 percent of its products on time. To determin
strojnjashka [21]

Answer:

democratic/participative

Explanation:

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4 0
3 years ago
A registered representative solicits a new customer to purchase a "penny stock." Prior to effecting the transaction, which proce
marta [7]

Answer: StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order

Explanation:

The options to the question are:

StatusA A. Send a prospectus to the customer

StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order

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StatusD D. Send the customer a Subscription Agreement to be signed before filling the order.

The correct answer is StatusB B. Have the customer sign a statement that he understands the risks involved prior to executing the order.

Under the penny stock rule of the Securities exchange commission, when a new customer is being solicited by a registered representative to purchase an over-the-counter stock non-NASDAQ, a detailed statement must be completed by the registered representative on behalf of the customer.

7 0
3 years ago
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