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swat32
4 years ago
12

Dexter owns a large tract of land and subdivides it for sale. Assume that Dexter meets all of the requirements of § 1237 and dur

ing the tax year sells the first eight lots to eight different buyers for $113,000 each. Dexter's basis in each lot sold is $79,100, and he incurs total selling expenses of $4,520 on each sale. What is the amount of Dexter’s capital gain and ordinary income?

Business
1 answer:
Oksanka [162]4 years ago
6 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Sheridan Company has $3080000 of short-term debt it expects to retire with proceeds from the sale of 87000 shares of common stoc
sashaice [31]

Answer: $2,175,000

Explanation:

Given that,

short-term debt it expects = $3,080,000

sale of common stock = 87000 shares

stock sold = $25 per share

Short-term debt could be excluded from current liabilities = 87,000 shares × $25 per share

= $2,175,000

Therefore, the amount $2,175,000 of short term debt have to be excluded from current liabilities.

8 0
3 years ago
Governments most often influence market conditions by:
cricket20 [7]
A. Monopolies were a very popular marketing advantage during this time period
5 0
3 years ago
Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil
QveST [7]

Answer:

Present Value= $180,000

Explanation:

Giving the following information:

The bequest will provide $9,000 in the first​ year and will grow by 5​% per​ year, forever.

Interest rate= 10%

To calculate the present value of this perpetual annuity with a growing rate, we need to use the following formula:

PV= Cf/ (i-g)

Cf= cash flow= 9,000

i= 0.10

g= 0.5

PV= 9,000/ (0.10 - 0.05)= $180,000

7 0
3 years ago
When Dell decided to produce and market an affordable personal computer, it had to consider a number of issues:________what the
Mnenie [13.5K]

Answer: Design, planning is the answer.

When Dell decided to produce and market an affordable personal computer, it had to consider a number of issues:___design_____what the computer would look like,where and how it would be produced, what options it would include, and so on.

Supplying answers to these questions is part of:_____planning.

Design has to do with problem detection while planning deals with problem solving.

6 0
4 years ago
Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capita
Andrej [43]

This question is incomplete, the complete one was gotten from google.

Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capital is 13% and the amount spent on repurchases is expected to grow by 5% per year. Taggart currently has 2 billion shares outstanding.

Taggart's stock price is closest to:

A. $25.00

B. $12.50  

C. $15.40

D. $20.00

Answer:

Taggart Transcontinental pays no dividends, but spent $4 billion on share repurchases last year. Taggart's equity cost of capital is 13% and the amount spent on repurchases is expected to grow by 5% per year. Taggart currently has 2 billion shares outstanding.

Taggart's stock price is closest to $25 - option A.

Explanation:

Market capitalization = 4/ (0.13 -0.05)

                                   = 4/0.08

Market capitalization = 50

Price per share = 50/2 = $25

Therefore, Taggart's stock price is closest to $25 - option A.

4 0
3 years ago
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