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
olga55 [171]
3 years ago
8

Sean, age 37, sold the home he purchased three years ago and now rents an apartment. he had originally purchased his home for $8

6,500 and sold it for $115,300. what is sean's capital gain?
Business
1 answer:
ZanzabumX [31]3 years ago
6 0
28,800     is the answer
                                                                                                                                       
You might be interested in
Beale Manufacturing Company has a beta of 1.8, and Foley Industries has a beta of 0.80. The required return on an index fund tha
navik [9.2K]

Answer:

3.5%

Explanation:

We will apply asset pricing model to calculate cost of equity (required rate of return). The capital asset pricing model is stated as below:

Cost of equity = Risk-free rate + Beta x Market risk premium

Putting all the number together, we have:                          

Cost of equity (Beale) = 5.5% + 1.8 x (9% - 5.5%) = 11.8%

Cost of equity (Foley) = 5.5% + 0.8 x (9% - 5.5%) = 8.3%

Cost of equity (Beale) - Cost of equity (Foley) = 11.8% - 8.3% = 3.5%

<em />

<em>Note: You can also do quick calculation as below:</em>

<em>Cost of equity (Beale) - Cost of equity (Foley) = (Beta of Beale - Bete of Foley) x Market risk premium = (1.8 - 0.8) x (9% - 5.5%) = 3.5%</em>

6 0
3 years ago
The principle that allows you to perceive an orange shirt to be the same color under varying lighting conditions is known as:
katrin2010 [14]
<span>This is color constancy. With this ability, a person can perceive and understand that a color exists under various external conditions, usually lighting or other types of distortion. It is thought to be due to specialized neurons in the primary visual cortex that allow us to make these declarations.</span>
3 0
3 years ago
Doug is filing singly. his net taxable income is $80,575. every week, $304 is withheld from his earnings for income tax. based o
mariarad [96]

Basing it on the information given, he will owe an additional $731.

<span>Since your taxable income has been identified, you just look up your income, find the column with your filing status, and then find the amount of tax you owe.</span>

6 0
3 years ago
Read 2 more answers
3–1. Liability to Business Invitees. Kim went to Ling’s Market to pick up a few items for dinner. It was a stormy day, and the w
Natalija [7]

Answer: yes

Explanation: although the manager was aware of the weather condition, his negligence hampered him from posting a sign to caution incoming customers. This negligence had incurred a damage to his account and he is liable to compensate Kim for negligence

8 0
3 years ago
In the text's business plan model, recognition of potentially unreliable sales forecasts and industry trends, and uncertain raw
bixtya [17]
Dont know this im sorry
8 0
4 years ago
Other questions:
  • Functional goals and strategies should be independent of divisional and corporate goals an strategies
    5·1 answer
  • or decades United States has been a major manufacturer of the World consumer goods. Nowadays, many items we buy from the United
    13·1 answer
  • Work-in-process that is being transferred into a department is debited to that work-in-process account, while work-in-process th
    14·1 answer
  • 7) Suppose AVC = $113 when the firm produces 515 units of output. Then the firm's fixed cost amounts to a) $5,500, and its profi
    10·1 answer
  • Maxxie purchased a tract of land for $24,500. Today, the same land is worth $43,800. How many years have passed if the price of
    12·1 answer
  • Shaun is the manager of a warehouse operated by a department store. he is trusted by his subordinates because he shares informat
    9·1 answer
  • Household behavior with respect to changes in income can be described by the marginal propensity to consume (MPC) and the margin
    11·1 answer
  • When problem-solving, a person should ask:<br> who.<br> how.<br> where.<br> why
    9·2 answers
  • an artist brought a breach of contract claim against a museum...what effects will the dismissal order have
    13·1 answer
  • Challenges associated with creating a benchmark program ​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!