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maw [93]
3 years ago
12

Juan, not a dealer in real property, sold land that he owned. His adjusted basis in the land was $700,000 and it was encumbered

by a mortgage for $100,000. The terms of the sale required the buyer to pay Juan $200,000 on the date of the sale. The buyer assumed Juan's mortgage and gave him a note for $900,000 (plus interest at the Federal rate) due in the following year. What is the gross profit percentage?
Business
1 answer:
Zielflug [23.3K]3 years ago
6 0

Answer:

45.45%

Explanation:

The total selling price was $200,000 (paid on the date of the sale) + $900,000 (note received) = $1,100,000

Juan's cost of he land = $700,000 (basis) - $100,000 (mortgage) = $600,000

Juan's profit = $1,100,000 - $600,000

Juan's gross profit percentage = $500,000 / $1,100,000 = 45.45%

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A tax on gasoline that is applied at the point of purchase, like a sales tax, would likely cause an increase in the
Mademuasel [1]

The correct option is C. The consumer will have to pay more because the supply of gasoline will decrease, which would put upward pressure on the price.

<h3>What is Gasoline?</h3>

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Thus, the tax on gasoline at the point of purchase would increase the price consumers have to pay for gasoline.

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8 0
2 years ago
What is the current value of a $1000 Treasury inflation-protected security if the reference CPI is 203.19 and the current CPI is
faust18 [17]

Answer:

the current value fo $1,000 is $1,011.22

Explanation:

The computation of the current value of $1,000 is shown below:

Current value

= Price × (Current CPI ÷ Reference CPI) × 100

= $1,000 × (205.47 ÷ 203.19)

= $1,011.22

We basically applied the above formula so that the current value would come

Hence, the current value fo $1,000 is $1,011.22

8 0
3 years ago
Describe the capabilities of Cisco’s IX5000 telepresence system. How do they promote collaboration and innovation? Why would a c
Softa [21]

Answer:

The Cisco's IX5000 vivid telepresence framework, is substantially more simpler and more reasonable than previously. This telepresence framework is made of 4K ultra-top notch cameras grouped watchfully over three 70-inch LCD screens. The cameras give fresh, top quality video. Theater-quality sound exudes from 18 custom speakers and one ground-breaking subwoofer, making an excellent similar joint effort experience for 8 to 18 individuals. (Laudon, 2017)  

This frameworks permits the clients to get a progressively normal sentiments that the more seasoned forms, as a result of its top of the line innovation. The cameras utilized in the framework cancreate pictures that are multiple times bigger that what is expected to fill the screens, and afterward it chops down the pictures to show different members as though they are additionally sitting at the meeting table.  

2. With in excess of 5,500 representatives working in nine distinct nations, Produban benefits in excess of 120 organizations in various territories. (Loudon, 2017) Areas that are completely identified with the freshest innovation. This organization is totally committed to the improvement of their innovation and its advancement. Produban utilizes this framework to bring individuals from anyplace on the planet together all together tomake choices and conversations happen exceptionally quicker than previously. Because of the littler space that Cisco's IX5000 takes up, it additionally costs significantly less and utilizes around 50 percent less force use.  

Since Produban is continually hoping to boost the development of innovation and to improve it step by step utilizing the most recent telepresence innovation for its own inward functions is the best fit. (Loudon, 2017)  

3. Different organizations that may profit by utilizing telepresence administrations are the individuals who are working in the tasks field and have various areas for their organization; like vehicle makers or kitchen item producers and merchants. At the point when an issue happens in one of their areas, the representatives and the proprietors can meet and talk about the issue and unravel the circumstance way quicker and more effectively than previously. Without this framework they would need to make a trip to the area and burn through a great deal of time.

4 0
3 years ago
Suppose that the supply function for honey is p=​S(q)=0.4q+2.8​, where p is the price in dollars for an 8​-oz container and q is
Ivanshal [37]

Answer:

The demand function is p= (-2.1)*q + 15.3

Explanation:

The supply function for honey is p=​S(q)=0.4*q+2.8​, where p is the price in dollars for an 8​-oz container and q is the quantity in barrels. The equilibrium price is ​$4.80. So, the equilibrium quantity is:

4.80=0.4*q+2.8​

Solving:

4.80 - 2.8=0.4*q

2=0.4*q

2÷0.4= q

5=q

The demand​ function, assuming it is linear, is p=​m*q+b

The equilibrium quantity is 5 barrels and the equilibrium price is ​$4.80; and the demand is 4 barrels when the price is ​$6.90. So:

\left \{ {{4.80=m*5+b} \atop {6.90=m*4+b}} \right.

Isolating the variable "b" from the first equation, you get:

4.80 - m*5= b

Replacing the previous expression in the second equation you get:

6.90=m*4 + 4.80 - m*5

6.90 - 4.80=m*4 - m*5

2.1= (-1)*m

2.1÷(-1)= m

-2.1=m

Replacing the value of "m" in the expression 4.80 - m*5= b you get:

4.80 - (-2.1)*5= b

Solving you get:

15.3= b

So, <u><em>the demand function is p= (-2.1)*q + 15.3</em></u>

3 0
3 years ago
Charging high prices to earn large profits during a time when there is little competitionrepresents a ________ strategy:________
Usimov [2.4K]

Answer:

Skimming

Explanation:

Price skimming, also known as skim pricing, is a pricing strategy used by those who face little or no competion, what normally happens is that a firm charges a high price and then gradually may need to lowes the price to attract more customers.

Price skimming is used to earn large profits especiallyn when a new product or service is introduced into the market. The pricing strategy is largely useful iwhen the firm is the first to enter the marketplace. The aim of this is to generate the large profit in the shortest time possible.

6 0
3 years ago
Read 2 more answers
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