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
lutik1710 [3]
3 years ago
15

On August 31, 2018, Harvey and Margaret, who file a joint return and live in Charleston, South Carolina, sell their personal res

idence, which they have owned and lived in for 10 years. The realized gain of $292,000 was excluded under § 121. They purchased another personal residence in Charleston for $480,000 on September 1, 2018. However, in 2019, Harvey's employer transfers him to Houston, Texas. They sell their Charleston home on February 28, 2019, and purchase a new home in Houston. The realized gain on the second sale is $180,000. Harvey and Margaret's recognized gain on the second sale is $_________
Business
2 answers:
SVEN [57.7K]3 years ago
8 0

Answer:

$55,000

Explanation:

Since Harvey and Margaret are married, their § 121 exclusion = $500,000 since they meet all the ownership requirements. The gain resulting from the sale of their Charleston home was fully excluded ($292,000).

Since the sale of the second home is within the two year window period, then the recognized gain will be:

realized gain ($180,000) - § 121 exclusion ($500,000 x 6/24 months = $125,000) = $55,000

Nana76 [90]3 years ago
5 0

Answer:

55,000

Explanation:

You might be interested in
Amy is concerned with her​ organization's inability to solve problems quickly. She believes that more people should be included
Licemer1 [7]

Answer: Amy is <em>concerned </em>with her​ organization's i<em>nability to solve problems</em> quickly. Several <u>subordinates have complained</u> to her that they feel alienated from the management <u>making the decisions</u> about their jobs with<u> no input </u>from them.

The element that Amy should address is the Chain of command.

Explanation:

A chain of command is a system for sending inside information of organizations with strong, vertical and authoritative structures.

The continuous flow of the chain of command clearly establishes the authority, revealing this depending on who reports to whom.

We must take into account the Authority and the Unit of command. This last is very important because it states that each supervisor must inform only one superior and like this the company preserves the continuous line of authority so all employees are heard and their ideas are taken into consideration for making decisions.  

3 0
3 years ago
An organization with an external strategic focus and a high degree of environmental turbulence calls for a(n) ____ culture.
Yuliya22 [10]

Answer:

C. adaptive

Explanation:

An adaptive culture is the culture that enables the company to adapt the changes in a quickly and in an effective manner with respect to the external pressures

In the given question, it is mentioned that the organization having an focus i.e. external strategic also have a high degree of an environmental calls

So this represent the adaptive culture

8 0
2 years ago
Read 2 more answers
9) An automobile company decides to improve the quality of all its products and bring more variety into its product line. The co
elena55 [62]

Answer:

The correct answer is letter "B": industry-wide differentiation.

Explanation:

Industry-wide differentiation is a technique used by companies when they diversify their line of goods to reach unexplored sectors of the market and increase their chances of collecting higher revenue. Normally, this practice is carried out by large entities with enough funds for investment and covering risks.

7 0
3 years ago
Suppose that Spain and Denmark both produce jeans and olives. Spain's opportunity cost of producing a crate of olives is 3 pairs
Lyrx [107]

Answer:

b. 6 pairs of jeans per crate of olives; and

c. 4 pairs of jeans per crate of olives

Explanation:

                 Olives       Jeans      Trade off Ratio (Olives:Jeans)

Spain            1               3            1:3 or 0.33:1       (1/3 = 0.33)

Denmark      1              11            1:11 or 0.09:1     (1/11= 0.09)

Spain & Denmark have less opportunity cost & hence comparative advantage than each other,  in Olive & Jeans respectively.

Spain will export Olives to Denmark (importer). Denmark will export Jeans to Spain (Importer). Trade will be gainful if they get exchange ratio better than domestic exchange ratio.

  • '2 jeans pairs per olive crate' not gainful trade ratio for Spain, as it is getting more i.e 3 jeans pair per olive crate at its own domestic ratio.
  • '13 jeans per olive' not gainful for Denmark, as 0.07 = (1/13) olive per jeans is worse than its own domestic ratio i.e 0.09 = (1/11) olive per jeans  

'4 jeans pairs per olive crate'  is gaining trade ratio for:

  • Spain: As it gets 4 i.e more than 3 pairs of jeans per olive crate
  • Denmark : As it gets 0.25 = (1/4) i.e more than 0.09 olive crates per pair of jeans

'6 jeans pairs per olive crate' is gaining trade ratio for:

  • Spain: As it gets 6 i.e more than 3 pairs of jeans per olive crate
  • Denmark : As it gets 0.16 = (1/6) i.e more than 0.09 olive crates per pair of jeans

Both of them are gainful trade ratios, but:

  • 1olive:4 jeans is more gainful for Denmark, as it is gaining relatively more than domestic exchange rate (0.25 is more > 0.09 than 4 > 3).  
  • 1olive:6jeans is more gainful for Spain as it is gaining relatively more than domestic exchange rate (6 is more > 3 than 0.16 > 0.09)  

3 0
3 years ago
Answer Quick plz<br><br><br>How would you write $25.08 properly on a check?
postnew [5]

Answer:

you should write it just like it says

6 0
3 years ago
Other questions:
  • You’ve observed the following returns on Crash-n-Burn Computer’s stock over the past five years: 8 percent, −15 percent, 19 perc
    6·1 answer
  • Lacy's Linen Mart uses the average cost retail method to estimate inventories. Data for the first six months of 2021 include: be
    10·1 answer
  • Wonder Corporation declared a common stock dividend to all shareholders of record on September 30, 20X3. Shareholders will recei
    7·1 answer
  • What is the purpose of approving "pork barrel" spending?
    5·1 answer
  • Determining the Optimal Product Mix with One Constrained Resource and a Sales Constraint Comfy Fit Company manufactures two type
    11·1 answer
  • Why​ wouldn't investors invest all of their money in software companies instead of in less profitable​ companies? (Focus on risk
    7·1 answer
  • The six sigma approach to quality control: Multiple Choice detects potential problems early to prevent their occurrence. views q
    8·1 answer
  • 1. ¿que tiene que ver el gobierno populista con el universal basic income? 2. ¿es el UBI bueno para la economía?
    12·1 answer
  • The CM ____ is responsible for overseeing the actions of the crisis management team and coordinating all crisis management effor
    5·1 answer
  • A rational choice is ______. a. made by comparing marginal benefit and marginal cost
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!