1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Slav-nsk [51]
3 years ago
6

Tracy owns a nondepreciable capital asset held for investment. The asset was purchased for $ 250 comma 000 six years earlier and

is now subject to a $ 75 comma 000 liability. During the current​ year, Tracy transfers the asset to Tim in exchange for $ 94 comma 000 cash and a new automobile with a $ 50 comma 000 FMV to be used by Tracy for personal​ use; Tim assumes the $ 75 comma 000 liability.
Requirement

Determine the amount of TracyTracy​'s LTCG or LTCL.
​(Use parentheses or a minus sign to enter a​ loss.)

Tracy will realize a long-term capital gain or loss of ___.
Business
1 answer:
Ivanshal [37]3 years ago
8 0

Answer:

(94,000 + 50,000 + 75,000) - 250,000 = (31,000)

[amount realized]

You might be interested in
Abarrier along the open sides of stairways and platforms that prevent falling is
kotykmax [81]
Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is
4 0
3 years ago
A company's income before interest expense and income taxes is $575,000 and its interest expense is $145,000. Its times interest
34kurt

Answer:

3.96

Explanation:

A company's Time Interest Earned ratio shows us its ability to pay its debts.

The income before expenses is given as: $575000

The interest expenses = $145000

The question wants us to find time interest earned ratio. We get this by:

Company's initial income/interest expenses

= $575,000/$145,000

= 3.96

This is the correct answer to the question. The right answer was not listed in the options.

4 0
3 years ago
In one or two sentences, describe which is greater: gross pay or net pay.
ArbitrLikvidat [17]

Answer:

Gross pay

Explanation:

Gross pay is before all taxes and deductions. Therefore that value is greater than net pay which is after all taxes and deductions

4 0
3 years ago
15. Describe an advertisement you've seen that uses a fear based marketing message. What fear does this ad appeal to? (2-4 sente
Sergio [31]

Answer:

Fear-based marketing is common these days which attract many users.

Explanation:

I have actually experienced that once or twice, people send you messages through email or on different social media platforms. The ones that state “If you do not send this to 20 individuals you will die or will go through some misfortune incident. This is a common example of fear-based marketing these  days, and people or users actually buy it.

6 0
3 years ago
decrease in demand for a product, holding other things constant, will decrease the marginal revenue product of labor. O have an
kirill [66]

Answer:

Decrease in demand for a product, holding other things constant, "will decrease the marginal revenue product of labor".

Explanation:

The extra revenue that a firm earns as a result of a newly hired worker is known as the marginal revenue product of labor.

A new worker is hired to increase the quantity of goods produced and consequently, increase the firm's revenue through sales of the goods.

If however, more goods are produced but the demand for the product decreases, then this will cause a decrease in the marginal revenue product of labor.

In other words, the firm won't earn extra revenue if the products are not being bought.

3 0
3 years ago
Other questions:
  • Some of the following future cash flows have been expressed in then-current (future) dollars and others in CV dollars. Use an in
    10·2 answers
  • Describe how you would incorporate adult learning principles and methods of experiential learning from this course into the Maer
    14·1 answer
  • Paying attention to trends that might impact your future career is called
    15·2 answers
  • Assume that the building the company wants to build is a manufacturing plant and that it was going to be built in a semi-residen
    11·1 answer
  • A __________ is a group of customers who love their brand so much that they like to connect with other customers who think like
    15·1 answer
  • Repost because it got lost in a sea of questions)
    10·2 answers
  • If a corporation is found guilty of committing a crime and assessed a fine, who typically ends up being punished?
    13·1 answer
  • On December 31, Year 1, Ott Co. had investments in marketable debt securities as follows: Amotized Cost Market value Mann Co. $1
    7·1 answer
  • A ________ is an intermediate step in the transition from a free trade area to a common market.
    11·1 answer
  • In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!