Answer:
The "Kareem" realized loss on the exchange is <u>$8000.</u>
Explanation:
The adjusted basis is = $22000
"Fair market value" is = $14000
"Kareem" exchanges the truck for another truck = worth $14000
"Realized gain" or "Realized loss = basis in the truck - exchange value
Realized gain or loss = $22000 - $14000
Realized gain or loss = $8000
Kareem's loss on the exchange is $8000.
There is no "recognized gain" or "recognized loss" because the exchange is like a kind exchange which is not documented.
Answer:
Value of bond = $1,101.59
Explanation:
We know,
Value of bond = [I × 
] + 
Given,
Face value (FV) = $1,000.
Semiannual Coupon, I = FV x semiannual coupon rate = $(1,000 × 7.25%) ÷ 2 = 72.5 ÷ 2 = $36.25
Interest rate, r = 6.20% ÷ 2 = 3.10% = 0.031
Maturity, n = 15 years = 30 periods (As it is semi annual).
Therefore,
Value of bond = [$36.25 × 
] + ($1,000 ÷ 
)
or, value of bond = ($36.25 × 19.3495) + $400.17
value of bond = $701.42 + $400.17
value of bond = $1,101.59
Answer:
D) Lifestyle
Explanation:
Lifestyle can mean way of life or habit. Devon enjoys outdoor recreational activities, this can be described as her way of life, thus, her lifestyle.
If she was influenced by her occupation, she would have considered what she does before buying her car.
If she was influenced by her age, she would have considered her age when buying the car.
If she was influenced by her economic situation, she would have considered money and if the car is too expensive or cheap when buying the car.
I hope my answer helps you
Juan needs to spend $3 from his pocket to start the lemonade stand to earn money.
To start the lemonade stand, Juan needs to purchase materials before selling his product and earning money. For this he needs money. His mother agreed to give him $10 as a loan to start a lemonade stand. To purchase the required item, he made a list of items to buy:
Add all the supply item prices to know how much money he required.
So
Price of cups + price of Lemon + Price of sugar
=$2 + $8 + $3 = $13.
He needs $13 to start the lemonade stand.
But his mother give him $10 as a loan, now the required money is
$13-$10=$3.
Juan needs to invest $3 from his pocket to start the lemonade stand and earn money.
You can learn more about earn money from lemondae at
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Answer:
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