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kumpel [21]
3 years ago
10

Potomac Corporation wants to sell a warehouse that it has used in its business for 10 years. Potomac is asking $450,000 for the

property. The warehouse is subject to a mortgage of $125,000. If Potomac accepts Wyden Inc.’s offer to give Potomac $325,000 in cash and assume full responsibility for the mortgage on the property, what amount does Potomac realize on the sale
Business
1 answer:
Ivanshal [37]3 years ago
5 0

Answer:

Potomac Corporation will realize $450,000 with the sale of the warehouse

Explanation:

To determine how much money Potomac Corporation realized with the sale of the warehouse we can use the following equation:

money realized = sales price of warehouse +  mortgage assumed by buyer

money realized = $325,000 + $125,000 = $450,000

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Andrei [34K]

Answer:

Answer is B :) when you fill in the blank you can understand what I did

Explanation:

8 0
3 years ago
Read 2 more answers
A 10-year 4 3/4% Treasury Note is quoted at 95-11 - 95-15. The note pays interest on Jan 1st. and Jul. 1st. A customer buys 10M
Zanzabum

Answer:

The customer will pay, disregarding commissions and accrued interest $9,546.88 .

Explanation:

According to the given data we have that A customer buys 10M of the notes "10 M" means that the customer is buying $10,000 par value of the notes-

The Treasury Note is quoted at 95-11 - 95-15

In this case A customer will buy at ask price, which is 95 and 15/32 nds = 95.46875%

Therefore, 95.46875% of $10,000 par = $9,546.88

The customer will pay, disregarding commissions and accrued interest $9,546.88 .

7 0
4 years ago
Solid Appliances, Inc., is a private, for-profit corporation that (1) was formed for the purpose of manufacturing and distributi
Lunna [17]

Answer:

b. a close corporation. 

Explanation:

A closed corporation is a corporation in which the shares of the company aren't publicly traded. Shares are held by few people, they are usually family members or mangers of the business. A closed corporation is taxed like a typical corporation and has limited liabilities.

A s corporation is a type of corporation where shares are held by few people. S corporations are taxed like a partnership- they are taxed once.

A non profit corporation is set up for purposes other than to make profit.

I hope my answer helps you

6 0
3 years ago
Suppose a production possibilities frontier can be expressed as what is the opportunity cost of going from 1 unit of X to 2 unit
Scrat [10]

Answer:

Yes. A production possibility frontier can be expressed for this scenario.

Explanation:

A production possibility frontier tells the combinations of X and Y that can be produced with the given level of resources e.g. If 1 unit of X is produced than at the same time the Country can produce 50 units of Y. If 2 units of X are produced than at the same time the Country can produce 40 units of Y. This means that in order to produce 1 additional unit of X, the Country must forego 10 units of Y. This is the opportunity cost of going from 1 unit of X to 2 units of X (in terms of units of Y).

8 0
3 years ago
Companies do their own tracking and monitoring of their customersâbehavior and they also hire research firms to do which type of
iren2701 [21]

Answer:

A) primary research

Explanation:

Primary research is defined as a methodology used by researchers to collect data directly, rather than depending on data collected from previously done research. Technically, they “own” the data.

Primary research is solely carried out to address a certain problem, which requires in-depth analysis.

Companies that specialize in interviewing, observing, recording and analysing the behaviour of those who purchase good and service are called primary research suppliers.

7 0
4 years ago
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