Answer:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
= 
On substituting the given values, we get
= 
= 
= 
= 
($)
Answer and Explanation:
The computation of the percentage of change is as follows;
a. For 2020 to 2021
= (Net income in 2021 - net income is 2020) ÷ (net income in 2020)
= ($473,000 - $503,000) ÷ ($503,000)
= -5.96% decrease
b .For 2021 to 2022
= (Net income in 2022 - net income is 2021) ÷ (net income in 2021)
= ($521,000 - $473,000) ÷ ($473,000)
= 10.15% increase
In this way it is calculated
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The initial purchase of the land and the associated costs of opening up mining operations will cost $100 million today. The mine is expected to generate $16 million worth of ore per year for the next 12 years. At the end of the 12th year Rearden will need to spend $20 million to restore the land to its original pristine nature appearance.
We need to sum each cash flow until the total initial investment is paid:
Number of years= 100,000,000/16,000,000= 6.25 years
To be exact:
0.25*365= 95 days
It will take 6 years and 95 days to recover the initial investment.
Answer:you would make an agreement on what the best thing to do is, which would go for a middle price, and get more money, and then go for thr other half, and if it is too risky then you could do an agreement where you would work the money off by working for them to earn more money, and then you can do the loan
Explanation:
Answer:
$1,258,950 and $5,233,670
Explanation:
The computation is shown below:
For cost of goods sold
= Cost of goods sold - beginning inventory overstated + ending inventory overstated
= $1,338,800 - $114,680 + $34,830
= $1,258,950
Since the ending inventory contains the lesser amount so it would be added and the beginning inventory contains larger amount so it would be deducted
For retained earning
= Retained earning - ending inventory
= $5,268,500 - $34,830
= $5,233,670
