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
astra-53 [7]
3 years ago
5

Grady exchanges qualified property, basis of $20,667 and fair market value of $24,800, for 60% of the stock of Eadie Corporation

. The other 40% of the stock is owned by Pedro, who acquired it five years ago.
Business
1 answer:
Marina86 [1]3 years ago
3 0

Answer:

Built in gain is $4,133

Explanation:

FMV of property $24,800

Grady's tax basis in his property $20,667

You might be interested in
The nation of Hasalot is home to roughly 95% of the world's Diamontite, a rare stone used in consumer products including watch f
bonufazy [111]

Answer:

Hasalot has a near absolute advantage in Diamontite.

Explanation:

in this scenario, the best which describes the situation that Hasalot has a near absolute advantage in Diamontite.

7 0
4 years ago
EA12.
BaLLatris [955]

Answer:

$38,400

Explanation:

<em>1. Cash Purchases:</em>

The total purchases in the month of March is of $35,000.

It is given that 70% of Purchases are for cash.

Hence, 70% of $35,000 would be;

$39,000 x 0.70

$27,300

<em>2. Credit Purchases: </em>

Remaining Balance of Purchases from the month of February:

For the month of February Cash Purchases can be calculated as follows;

$37,000 x 0.70

$25,900

Remaining Balance to be paid in March for the month of February can be calculated as follows;

$37,000 - $25,900

$11,100

<em>3. CASH PAYMENT for PURCHASES in MARCH:</em>

Cash Purchases = $27,300

Credit Purchases = $11,100

Hence;

<em>Cash Payment for purchases in March = Cash Purchases + Credit Purchases </em>

Cash Payment for purchases in March = $27,300 + $11,100

Cash Payment for purchases in March = $38,400

7 0
4 years ago
Frolic Corporation has budgeted sales and production over the next quarter as follows: August September Sales in units Productio
Black_prince [1.1K]
Bro its c im sure just put c
5 0
3 years ago
Sylvia mused to herself, "It has taken over 30 years, but I've finally been named CEO of a major firm. Now, I can concentrate on
Natasha2012 [34]

Answer:

Strategic.

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Business strategy sets the overall direction for the business because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or an example to the employees working in an organization by being morally upright.

A strategic manager is also referred to as a top-level manager and he or she is mainly focused on setting goals, objectives, and procedures in order to enhance the survival, growth, and overall effectiveness of a business firm.

Hence, Sylvia can concentrate on what she really want to do as a strategic manager, by focusing on the survival, growth, and overall effectiveness of our firm.

5 0
3 years ago
What will happen to return on investment (ROI) if current assets decrease while everything else remains the same (assume the cur
swat32

Answer: There would be an increase on return on investment (ROI) if current assets decrease while everything else remains the same

Explanation: This is because when the profit(returns) is constant, but the assets drops in value, the new ROI will be relative drop in value of asset.

5 0
3 years ago
Other questions:
  • Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2010, a painting
    13·1 answer
  • PLEASE HELP ASAP!!! (There are 4 Questions)
    12·2 answers
  • Which of the following statements regarding "proximity" in the location decision is FALSE?
    11·1 answer
  • If notorious firm behavior (i.e., defrauding a buyer of high-priced experience goods by delivering low quality) becomes known th
    9·1 answer
  • Jiminez Company has two investment opportunities. Both investments cost $5,000 and will provide the following net cash flows: Ye
    11·1 answer
  • George Jefferson established a trust fund that will provide $200,500 per year in scholarships. The trust fund earns an annual re
    6·1 answer
  • For each of the scenarios below, determine whether you think it is likely that an employer could be discriminating against apers
    6·1 answer
  • Which of the following needs to be done before depositing a check using a mobile app?
    14·1 answer
  • The total number of africans forcibly brought to all of the americas as slaves is estimated to have been as many as?
    6·1 answer
  • Which type of evidence should you avoid using in an argument that supports your persuasive message?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!