Can work give less 24 tell u come back to work

In year 1, Maxim sold investment land with a tax basis of $77,000. Payment consisted of $10,000 cash down and the purchaser's no

ASHA 777 [7]

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

5 0

3 years ago

A financial analyst is presented with information on the past records of 60 start-up companies and told that in fact only 3 of t

aleksandr82 [10.1K]

Answer:

c) hypergeometric distribution.

Explanation:

Hypergeometric distribution -

It is the distribution curve of the " k " success probability in " n " draws , without any replacement with the size of " N " , having " K " , objects .

This distribution is used to calculate the statistical significance for " k " success out of " n " draws .

This required to detect the which sub - population are under or over represented in a sample .

Hence , the probability distribution given in the question is of , hypergeometric distribution .

8 0

3 years ago

What is a common mistake made in budgeting?

Tcecarenko [31]

Peoples budgeting equation is typically:

Income - Budget = Savings

It should be:
Income - Savings = Budget

7 0

3 years ago

The main purpose of a cover letter is to: a. Get hired b.be called in for an interview c. Let your friends know how your job sea

irga5000 [103]

B. Be called in for an interview because that's the first thing they see and it gives the general details

5 0

3 years ago

Read 2 more answers

What are the most important differences between perfectly competitive markets and Unlike in perfectly competitive markets, in mo

stepan [7]

Answer:

The correct answer is option C, firms face downward-sloping demand curves, and the products competitors sell are differentiated

Explanation:

In monopolistically competitive market all companies sell distinguished products. In this market all companies face downward sloping demand curve. These are the expectations of monopolistically competitive market. Therefore, option C is correct.

4 0

3 years ago