Answer:
$3,728,203
Explanation:
Particulars Amount
Cash Received $2,408,400
Add: Mortgage assume by purchaser $1,445,040
Less: Broker's commission ($96,336)
Less: Points paid by Peyton <u>($28,901) </u>
Amount realized <u>$3,728,203</u>
Answer:
The five moral dimensions of the Information Age are: information rights and obligations, property rights and obligations, quality of life, system
Explanation:
Answer:
Shill bidding
Explanation:
Shill bidding occurs when a seller takes on various digital identities by opening up several email accounts and bids on his or her own items multiple times to prompt genuine bidders to provide a much higher bid for an item than they would have done otherwise
Answer:
B. False
Explanation:
a) Data and Calculations:
The gross income from rent = $7,000
Rental expenses = $4,900
Net income from rent = $2,100
b) Rental expenses are business expenses. They are not part of itemized deductions. They are usually subtracted before arriving at the adjusted gross income (AGI) from which itemized deductions are then made. Therefore, there is no requirement to itemize the rental expenses.
Answer:
735,000 units
Explanation:
The estimated units is computed below:
As we know that
Number of units produced = Estimated units sold + ending inventory units - beginning inventory units
750,000 units = Estimated units sold + 45,000 units - 30,000 units
750,000 units = Estimated units sold + 15,000 units
So, the Estimated units sold would be
= 750,000 units - 15,000 units
= 735,000 units
