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12345 [234]
3 years ago
13

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey

ton is to receive $1,600,000 in cash. The purchaser is to assume Peyton's mortgage of $950,000 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $9,000 in points charged by the lender. The broker's commission on the sale is $75,000. What is Peyton's amount realized? The amount realized by Peyton is $
Business
1 answer:
Westkost [7]3 years ago
4 0

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

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Which of the following would be considered acts of violence?
balu736 [363]

Answer:

I thinks that all of them will be considers as acts of violence ( not sure about intimidation but I guess it will also counts?

5 0
3 years ago
Read 2 more answers
Luke Anderson is earning $48,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cos
Kitty [74]

The minimum requirement of salary = $53760

<u>Explanation:</u>

Cost of living in city is 12 percent higher than where Luke Anderson lives. So, Luke Anderson will require 12 percent higher salary than existing salary in order to maintain the existing standard of living

<u>The calculations are as follows. </u>

Current salary of Luke Anderson = $48000

12 percent increase = 48000 multiply with 12 percent = 5760

Thus, the required minimum salary = 48000+ 5760 = 53760

So, Luke Anderson will require minimum salary of $53760

4 0
4 years ago
Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Stephan Company’s
matrenka [14]

Answer:

Explanation:

The correct amounts are shown below:

1. Assets =  Asset balance - depreciation + service revenue

               = $60,000 - $925 +  $1,500

               =  $60,575

2. Liabilities = Liabilities balance + employees wages earned

                    = $20,000 + $410

                    = $20,410

3.  Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned

                                        = $40,000 - $925 + $1,500 - $410

                                        = $40,165

4.  Net Income = Net income balance - depreciation + service revenue - employees wages

                        = $9,000 - $925 + $1,500 - $410

                        = $9,165

6 0
4 years ago
The total book value of WTC’s equity is $13 million, and book value per share is $20. The stock has a market-to-book ratio of 1.
lisabon 2012 [21]

Answer:

5.38 %

Explanation:

WACC = Cost of Equity x Weight of Equity + Cost of Debt x Weight of Debt

where,

Cost of Equity = 9.00 % (given)

After tax Cost of Debt = 6% x (1 - 0.21) = 4.74 %

Market Value of Equity = 1/5 x $13 million = $2.6 million

Weight of Equity = $2.6 million / $11.6 million = 0.22

Weight of Debt = $9 million / $11.6 million = 0.76

therefore,

WACC =  9.00 % x 0.22 + 4.74 % x 0.76

           = 5.38 %

thus

the company’s WACC is 5.38 %

5 0
3 years ago
Global Petroleum negotiated a deal with Saudi Arabia in which Global Petroleum would build several refineries in Saudi Arabia an
Lostsunrise [7]

Considering the situation described above, when Global Petroleum negotiated a deal with Saudi Arabia, this is an example of <u>Bartering</u>.

<h3>What is a Bartering?</h3>

Bartering is a transaction agreement whereby both parties agree to pay with goods or services without using money.

Therefore, in this situation, when Global Petroleum negotiated with Saudi Arabia to receive oil as partial payment over 20 years. This is an example of <u>Bartering</u>.

Hence, in this case, it is concluded that the correct answer is <u>Bartering</u>.

Learn more about <u>Bartering</u> here: brainly.com/question/1462751

7 0
3 years ago
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