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tangare [24]
3 years ago
9

Paul is exchanging a building with a market value of $600,000.00 and an adjusted basis of $450,000. He is exchanging it for an a

partment building owned by Carpenter which has a market value of $800,000 and an adjusted basis of $375,000. For Carpenter's building, investor Paul exchanges his building plus a cash boot of $75,000. Will there be any tax paid on this transaction?
Business
1 answer:
alukav5142 [94]3 years ago
7 0

Answer:

Carpenter will have to pay taxes for a recognized gain of $150,000

Explanation:

When you are calculating taxes, you must use the adjusted a¿basis of the buildings.

Paul is exchanging a $450,000 building + $75,000 in cash for a $375,000 office building.

Paul's realized loss = $525,000 - $375,000 = $150,000

therefore Carpenter's recognized gain = $150,000

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A prospective buyer is interested in purchasing a vacant lot in a rural subdivision. The buyer wishes to know about sewer assess
yanalaym [24]

Answer:

Real Estate Law Commissioner

Explanation:

Based on the information in the question it can be said that the source that provides all of this information is the Real Estate Law Commissioner. Other than creating and enforcing real estate law, the commissioner acts as the source that provides all of the information being requested in the question including sewer assessments, liens, utilities to the lot, blanket encumbrances and street maintenance.

If you have any more questions feel free to ask away at Brainly.

4 0
2 years ago
Bonita Corporation had net income of $1550000 and paid dividends to common stockholders of $400000 in 2017. The weighted average
artcher [175]

Answer:

16 times

Explanation:

Calculation to determine what Bonita Corporation's price-earnings ratio is

Price-earnings ratio= ($1550000 -$400000)/387500

Price-earnings ratio=$1,150,000/387500

Price-earnings ratio=2.97

Price-earnings ratio= 48/2.97

Price-earnings ratio=16 times

Therefore Bonita Corporation's price-earnings ratio is 16 times

3 0
3 years ago
Consider a $1,000 par value bond with a 9% annual coupon. The bond pays interest annually. There are 20 years remaining until ma
Vinvika [58]

Answer:

The multiple choices are:

a. $1132

b. $1044

c. $ 962

d. $1153

e. $ 988

The correct option is C,$962

Explanation:

The price a rational and prudent investor like me would be willing to pay for the bond today is the present worth of future cash inflows receivable from the bond issuer,which comprises of annual coupon interest and the face value at maturity.

=-pv(rate,nper,pmt,fv)

rate is required rate of return expected by investor of 10%

nper is 5 years since the investor intends to hold the bond for 5 years

pmt is the annual coupon interest=$1000*9%=$90

fv is the face value of $1000

=-pv(10%,5,90,1000)=$962.09

The current  price is $962

4 0
3 years ago
Output range with increment of 10 5.15.1: Output range with increment of 10 Write a program whose input is two integers, and who
kvasek [131]

Answer:

// Program is implemented using Coral Programming Language

int X

int Y

int Sum

Put "Enter any two numbers" to output

x = Get next input

Y = Get next input

if Y < X

Put "Second integer can't be less than the first" to output

else

for Sum = X; Sum <= Y; Sum = Sum + 10

Put Sum to output

Explanation:

The above program is written using Coral Programming Language

The first line is a comment

The next 3 lines declares 3 integer variables

Which are X, Y and Sum

X and Y represent the two input numbers as seen on line 6 and 7

X, being the first and Y being the second

Line 8 tests the larger of the two numbers

If Y is less than X, the output is "Second integer can't be less than the first" without the quotes

Else

The last two lines perform iterative operations that assigns the addition of 10 and X to Sum

It continues printing sum as long as sum is less than the value of Y.

8 0
3 years ago
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco
viva [34]

Answer:

Y = 300

government multiplier 2

output demanded increase by 20

If income tax is applied:

Y = 272.72

multipliers: 2.253775

increase 22.53775 billons

As disclosure it has a larget effect when the income tax is levied based on income rather than a flat rate.

Explanation:

DI = Y - 100

C = 30 + 0.6(Y - 100)

C = 30 - 60 + 0.6Y

C = 0.6Y - 30

Y = C + G + I

Y = (0.6Y -30) + 120 + 30

Y = 120 / 0.4 = 300

C = (0.6)300 - 30 = 150

With C we solve for the multiplier:

150/300 = 0.5

1 / (1 - 0.5) = 2

10 x 2 = 20

If variable that:

C = 30 + 0.6 (0.75Y)

C = 30 + 0.45Y

Y = 0.45Y + 120 + 30

Y = 150/.55 = 272,72

C = 30 + 0.45Y = 152,72

Propensitivity to consume:

152.72/272.72 = 0,5563

multiplier:

1 (1 - PMC) = 2.253775073

10 nillon will icnrease x 2.25377 = 22.54 billons

8 0
3 years ago
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