Answer:
A) No gain or loss on the exchange with Bob, and $12,000 gain on the subsequent sale
Explanation:
Since apparently both Bob and Charles owned their property for more than 2 years, the exchange classifies under section 1031 exchange between related parties. Therefore, no gain or loss should be recognized by any of them.
When Charles sold the property to his business associate, who is not related to him, he realize a $12,000 gain (= $312,00 - $300,000 basis).
Answer:
Monthly deposit= $810.20
Explanation:
Giving the following information:
Number of periods (n)= 18 months
Interest rate (i)= 0.04/12= 0.0033
Future value (FV)= $15,000
<u>To calculate the monthly deposit, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (15,000*0.0033) / [(1.0033^18) - 1]
A= $810.20
Answer:
Workplace etiquette
Explanation:
The workplace etiquette is a group of behaviours that are expected from people working in the same place.
They include the proper manner to talk, dress, walk and relate with peers, dependents and superiors.
Let's see some examples of rules of workplace etiquette:
- Be kind to everyone.
- Respect different dresscodes.
- Make eye contact, listen to people when they are speaking, and smile at them.
- Be punctual.
- Don't be messy.
- Etc.
