Answer:
The amount and character of Luke’s recognized gain or loss on the building is $133,500.
Explanation:
The amount and character of Luke's recognized gain or loss on the building
= ($362,500 - $310,000) + $81,000
= $133,500
Therefore, The amount and character of Luke’s recognized gain or loss on the building is $133,500.
Answer:
a. cost of disposed trademark =$44.
b. The accumulated amortization = $13.
c.The loss on disposal of trademarks = $6.
Explanation:
Please see attachment
Answer: Total revenue is given by
When price of bananas increase from $0.90 to $1.10 a pound and total revenue remained unchanged, it means that the quantity of Bananas sold must have decreased.
Suppose at $0.90 we sold 10 pound bananas getting us $9 revenue.
This means that at $1.10 we have to sell 8 Banana's to get the same amount of revenue.
So, change in quantity = 
So, their is a decline of 20% in the quantity of Bananas sold.
The single largest contributor to the probability that a firm will end up in financial distress occurs when income flows fail to meet the required spending outflows owed to outstanding obligations or needs.
Financial distress is the inability of a business or individual to generate sufficient income or income to meet or pay their financial obligations. This is typically due to high fixed costs, a high proportion of illiquid assets, or cyclical earnings.
Financial distress may therefore make it difficult for the company to obtain external funding for viable projects. Our inability to raise external funding and our predicament may both impact our trade credit policy.
Learn more about financial distress at
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The best option for her to choose is the one called Anual Compounding. With the rest of the compoundings she will have to pay more money. With a semi-annual rate she wil have to pay almost 1000 dollars more than in an anual compounding. With a quarterly period she will have to pay almost the same amount as a semi-annual period. Now with a monthly period she would have to pay almost 2000 dollars of interest.
