Answer:
$700,000
Explanation:
Data provided in the question
Sales price of the home = $960,000
Cost price of the home = $260,000
Based on the above information,
The computation of the amount of gain included in gross income is shown below:
= Selling price of the home - cost price of the home
= $960,000 - $260,000
= $700,000
Hence, the amount of gain i.e $700,000 is included in the gross income
A kind of system that creates one-of-a-kind merchandise is repetitive process.
Repetitive manufacturing is a manufacturing method which produces products for speedy manufacturing flow.
A distinguishing attribute of repetitive manufacturing is its use of assembly/production lines. Manufacturers use this method when they are making products which are comparable in design.
<h3>What is repetitive technique example?</h3>
The repetitive manner is a product-oriented production method that makes use of modules. Modules are components or elements of a product in the past manufactured or prepared, frequently in a continuous process. Fast-food corporations are an example of repetitive process using modules.
Learn more about repetitive process here:
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Answer:
Explanation:
The acquired stock investment is recorded under debit and cash paid is recorded as credit as follows
ACCOUNT DEBIT CREDIT
1. Stock Investment $37800
2. Cash $37800
Answer:
$8.82
Explanation:
The computation of the current value of the stock is given below:
Given that
The dividend per share is $0.50
The growth rate is 24% for the next two years
And, then it should be 8 % per year
And, the required rate of return is 16%
Now based on the above information, the current value of the stock is $8.82
The calculation is to be shown in the attachment
Answer:
The answer is $1.78 / £1
Explanation:
Solution
Given that
Interest rate of United kingdom = 8%
Interest rate of United States =10%
Spot exchange rate =$1.75£1
The next step is to find the one year forward rate of exchange
Thus
Forward Rate = S₀ * [ ( 1 + Rus) / ( 1 + RE) ]
=$ 1.75 * ( ( 1 + 10%) / ( 1 + 8%) )
$1.78
Therefore, the forward exchange rate is $ 1.78 / £1