A perpetuity is a stream of:

aRhonda owns an office building that has an adjusted basis of $45,000. The building is subject to a mortgage of $20,000. She tra

Scorpion4ik [409]

LaRhonda realized and recognized gain or loss are: $45,000; $35,000.

a. LaRhonda realized gain:

Using this formula

Realized gain = (Cash + Fair market value of building + Mortgage) - Adjusted basis

Let plug in the formula

Realized gain = ($15,000 + $50,000 + $20,000) - $45,000

Realized gain = $85,000-$45,000

Realized gain = $40,000

b. LaRhonda recognized gain or loss

Using this formula

Recognized gain = Cash + Mortgage

Let plug in the formula

Recognized gain =$15,000 +$20,000

Recognized gain= $35,000

Inconclusion LaRhonda realized and recognized gain or loss are: $45,000; $35,000.

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4 0

2 years ago

A marketing research is most likely to serve as a _____ in a new product development team. functional representative process man

Ludmilka [50]

Answer:

functional representative

Explanation:

A marketing research is most likely to serve as a functional representative in a new product development team.

Market research are conducted to know the viability of new goods and services in the market before it is launched. It is based on unbaised opinion of customers. It help the company to understand the target customer, pricing, other expectation of customer, which is extremely important in designing and developing new product. Therefore, market research serve as functional representative.

8 0

3 years ago

country cupboard purchased inventory for 5500 and also paid a 360 freight bill. Country cupboard returned 45% of the goods to th

Shalnov [3]

Answer:

$3,475.75

Explanation:

the journal entries required to record the purchases are:

Dr Inventory 5,500

Cr Accounts payable 5,500

Dr Inventory 360

Cr Cash 360

Dr Accounts payable 2,475

Cr Inventory 2,475

Dr Accounts payable 3,025

Cr Cash 2,934.25

Cr Purchase discounts 90.75

Cost of inventory = $5,500 + $360 - $2,475 - $90.75 = $3,475.75

7 0

3 years ago

Stryker Industries received an offer from an exporter for 27,000 units of product at $17 per unit. The acceptance of the offer w

Aloiza [94]

Answer:

$162,000

Explanation:

Income Statement - New Offer

Sales (27,000 x $17) $459,000

Less Variable Costs of the offer :

Variable manufacturing costs (27,000 x $11) ($297,000)

Net Income (Loss) $162,000

therefore,

the amount of income from the acceptance of the offer is $162,000

7 0

3 years ago

Thompson Company’s ending cash balance is $950, before adjusting items. The only adjusting items were: $25 service charge NSF ch

user100 [1]

Answer:

What was Thompson Company’s unadjusted bank balance on the bank statement?

Bank Balance 1275

Explanation:

Ending cash balance 950

Service charge -25

NSF Check 200

Deposit is in transit -300

Oustandings checks 450

Bank Balance 1275

4 0

3 years ago