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Scorpion4ik [409]
3 years ago
9

Anna is separated from her​ boyfriend, John, while she studies economics and he goes to art school. Even though she wants to cal

l​ John, Anna is very rational. She realizes that the more she spends on her phone​ bill, the less money she has left to purchase other goods and services. Anna's demand schedule for phone call to John is given in the table below.
Price (per month) Quantity (Calls per month)
$18 20
14 24
10 28
6 32
2 36

Required:
Using the multipoint curve drawing tool, draw Anna's demand curve for phone calls given the demand schedule above. Properly label your curve.

Business
1 answer:
Andreas93 [3]3 years ago
8 0

Answer:

Kindly check attached picture for drawing of Anna demand curve

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Tanya Fletcher owns undeveloped land (adjusted basis of $80,000 and fair market value of $92,000) on the East Coast. On January
prisoha [69]

Answer:

Following are the solution to the given point:

Explanation:

In point a:

Sum of:

= ($89,000 + $3,000)

= $92,000  

Modified foundation= -$80,000  

A real profit= $12,000  

Gain (boot received) recognised = $3,000  

Tanya's West Coast Changed Base:  

Fair Market  = $89,000  

Posted benefit:

= ($ 12,000- $ 3,000)

=  $ 9,000  

Adjusted Base =$80,000  

In part b:

Realized benefit calculation:  

Sum of =  $92,000

Modified Base =$72,000 + $3,000 = $75,000  

A real profit= $17,000    

gain was accepted = $0  

Changed base of Martin to the West Coast:  

Fair Market = $92,000  

Gain deferred  = ($17,000-$0) = $ 17,000  

Adjusted Base  = $75,000

In point c:

Recognized benefit from Martin:  

Value = $1,20,000  

Base adjusted= $ 75,000  

actual gain = $45,000  

Gain  Recognized= $45,000

In point d:

Tanya has little effect mostly on selling by Lisa of an eastern seaboard ground. There is no supposed selling care among Lauren and Tanya after selling property on the eastern seaboard since they are unrelated parties.

In point e:

sum of = $92,000.

Tanya 's acceptable basis is $80,000 ($89,000-($12,000-$3,000)).

actual benefit = $ 12,000  

gain benefit = $3,000  

Since the trade is deemed a non-taxable trade, $3,000 is recognized of the total $12,000 benefit. Its ground earned is $80,000 adjusted.

5 0
3 years ago
The following transactions apply to Pecan Co. for 2018, its first year of operations:1. Received $100,000 cash in exchange for i
tankabanditka [31]

Answer:

Pecan Co.

a. Accounting equation: Assets = Liabilities + Equity

Assets: Cash ($100,000 + 300,000 - 100,000 - 150,000 - 69,292) + Land ($100,000) + Accounts Receivable ($260,000) = Liabilities: Bank Loan ($245,708) + Equity: Common stock ($100,000) + Retained Earnings ($260,000 - 150,000 - 15,000)

b1: Income Statement

Service Revenue       $260,000

Operating expenses    150,000

Interest expense            15,000

Net income                  $95,000

Balance Sheet

Cash                                 $80,708

Accounts Receivable      260,000

Land                                 100,000

Total assets                  $440,708

Bank Loan                    $245,708

Common stock               100,000

Net income                      95,000

Total liabilities+equity $440,708

b2. The interest expense for 2019 is $15,000 ($300,000 * 5%)

The interest expense for 2020 is $12,285.40 ($300,000 +15,000 - 69,292) * 5%.

Explanation:

a) Data and Calculations:

Cash $100,000 + 300,000 - 100,000 - 150,000 - 69,292 = $80,708

Accounts Receivable $260,000

Land $100,000

Common stock $100,000

Bank Loan $300,000 + 15,000 - 69,292 = $245,708

Service Revenue $260,000

Operating expenses $150,000

Amortization Schedule, using an online financial calculator:

Beginning  Interest              Principal Ending

           Balance                                                       Balance

1 $300,000.00 $15,000.00 $54,292.44 $245,707.56

2 $245,707.56 $12,285.38 $57,007.06 $188,700.50

3 $188,700.50 $9,435.02 $59,857.41 $128,843.08

4 $128,843.08 $6,442.15 $62,850.29 $65,992.80

5 $65,992.80 $3,299.64 $65,992.80 $0.0

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How and why do congress and the president rely on administrative agencies?
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