Answer:
a) Realized gain on the sale of land = Selling price – tax basis
=> $100,000 - $77,000 = $23,000
b) Gross profit percentage as per instalment sale method = Gross profit / Sales
=> $23,000/$100,000 = 0.23 or 23%
c) Recognized gain under instalment sale method = Cash collection x gross profit percentage
Year 1 => $10,000 x 23% = $2,300
Year 2 => $45,000 x 23% = $10,350
Year 3 => $45,000 x 23% = $10,350
Answer: Option A
Explanation: In simple words, law of one price refers to the theory which states that, when the market is free and there is flexibility present in transactions then two identical products should sell for same amount in two markets using the same currency.
As per the law of one price, the brokers and dealers do not have any scope of arbitrage resulting in no further scope of earning abnormal profits. Hence from the above we can conclude that the correct option is A
Transverse is a plane you could use to section a four legged chair without it falling over. This plane is also called axial plane, or transaxial plane, the horizontal plane. It is an imaginary plane that divides the body into superior and inferior parts. It is perpendicular to the sagittal plane and coronal plane.
Answer:
Please find the detailed answer as follows:
Explanation:
International trade provides many benefits:
1. Technology differences, some countries are capital intensive and some are labor intensive. So the countries produce the good according to their intensivity. And export and import take place which is beneficial for the countries.
2.differentiated products.
When trade take place between the countries, then all the opportunity to consume different products. And countries produce their goods according to their labor and capital ratio and produce different variety of goods.
3.Specialisation in production
Countries specialise in the goods in which they have a comparative advantage.
