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3 years ago

When you buy a house, what is the ball-park figure you should use for the price of the house

1 answer:

7 0

Buying a home is a big commitment. For most of us, it will be the biggest purchase we make in our lifetime. According to the National Association of Realtors, it also usually ties us to one place for about 12 years. Of course, the process is about more than finding a home you like. It’s about finding a home you can afford and enjoy for years to come. And the price tag you see isn’t the full story. It’s important to consider all of the financial factors of home ownership before you sign any dotted lines. Here are five costs to consider before buying a home this year (or any year!).

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Logan Nettles approached Kevin Lang about becoming a partner in a firm that destroys environmental waste. While Logan would like

Stells [14]

Answer:

c. limited partner.

Explanation:

In the presented scenario, Logan Nettles should become a limited partner.

Limited partner is the partnership in which one limited partner is been required compulsory. This is slightly different from general partnership. In this profit of the business is limited and the debt and dis-advantage on the amount of investment is also limited.

So we can see that Logan is also concerned about his disadvantage which is known as liability.

5 0

3 years ago

On July 16, 2017, Logan acquires land and a building for $500,000 to use in his sole proprietorship. Of the purchase price, $400

SashulF [63]

Answer:

A.Land $100,000

Building 400,000

B.Land $100,000

Building 395,292

Explanation:

a. Logan's adjusted basis at acquisition date will be the cost of the land and that of the building which is:

Land $100,000

Building 400,000

b. What will be Logan adjusted basis at the end of 2017 :

Land will be: $100,000

Building will be :395,292

($400,000 − $4,708)

Thus the Depreciation is a capital recovery.

4 0

3 years ago

If a store has a “buy one, get one free” sale and an item costs $10, what is the marginal cost of the second item?

Charra [1.4K]

The marginal cost of the second item is $0

5 0

3 years ago

Read 2 more answers

________ is an on margin purchase. Answer A cash stock purchase Buying stock on credit. Buying goods on credit none of the above

Nataly_w [17]

Buying stocks on credit. because you're borrowing capital from a broker to buy stocks

8 0

3 years ago

Rose Company had no short-term investments prior to this year. It had the following transactions this year involving short-term

nataly862011 [7]

Explanation:

April 16: Dr Short-term investment (6000*24) 144000

Cr Cash 144000

(To record purchase of shares of Gem co)

July-7: Dr Short-term investment (3000*55) 165000

Cr Cash 165000

(To record purchase of shares of pepsico)

July-20. Dr Short-term investment (1500*15) 22500

Cr Cash 22500

(To record purchase of shares of Xerox)

Aug-15. Dr Cash (6000*.95) 5700

Cr Dividend income 5700

(To record cash dividend of Gemco)

Aug-28. Dr Cash (3000*30.75 ) 92250

Cr Short-term investment (3000*24) 72000

Cr Gain on sale of investment(3000 * 6.75 N#1) 20250

(To record sale of shares of Gemco ).

Oct-1. Dr Cash (1.60 *3000) 4800

Cr Dividend income 4800

(To record cash dividend of pesico)

Dec-15. Dr Cash ( 6000*1.60) 9600

Cr Dividend income 9600

(To record cash dividend or remaining shares of gemco)

Dec-31. Dr Cash (3000*1.00) 3000

Cr Dividend income 3000

(To record cash dividend )

[N#1: 24-30.75= 6.75 *3000 = 20250]

6 0

3 years ago