Answer:
The appropriate answer is "$9,300".
Explanation:
The given values are:
FMV,
= $31,000
Adjusted basis,
= $15,500
Encumbered mortgage,
= $9,300
Now,
The Gerald's outside basis will be:
=
On substituting the given values, we get
=
=
=
= ($)
Answer:
Manufacturing is a secondary process of transforming raw materials into finished products.The manufactured goods are more useful and valuable than the raw materials.
The location of manufacturing industries depends on a number of physical and socio economic factors.
1.NEARNESS TO THE SOURCE OF RAW MATERIAL: Large quantities of raw materials are needed for industries. Therefore industries are located near the source of raw materials. It saves the cost of transportation.Steel centres are developed where coal and iron are easily available. Jute mills in West Bengal and the cotton textile mills in Maharashtra are located due to the availability of raw materials.
2.POWER RESOURCES: Coal, oil and water power are the main sources of power. Most of the industries are located near coal fields. Aluminium industries and paper industries are located near hydroelectric stations.
3.MEANS OF TRANSPORTATION: Modern Industries need cheap, developed and quick means of transportation. Cheap means of transportation are required for the movement of workers, raw materials and machinery to the factories.
4.CLIMATE: Stimulating climate increase the efficiency of the labourers. The cotton textile industry required humid climate. The film industry needs good weather with clear blue skies. Similarly the aircraft industry also needs clear weather.
5.SKILLED LABOUR: cheap and Skilled labour is essential for the location of industries. Glass industry at Firozabad and the sports goods industry in Jalandhar are located due to the availability of Skilled labour.
Answer:
If the effective tax rate increases then the net savings coming from investments will get lowered as a result the investment will have higher payback period (The increase in effective tax rate would lower demand of the product which means there is decline in net saving arising from the sale of the product). Likewise this decrease in annual net savings will also decrease the internal rate of return which shows that their are increased chances of project rejections. The NPV method is based on cash flows and relevant costing just like IRR and payback method but the only difference is that it assumes that the cash earned would be reinvested at cost of capital. The NPV will also decrease due to increased effective tax rate.
Orders come in through brokerage firms that are members of the exchange and flow down to floor brokers who go to a specific spot on the floor where the stock trades. At this location, known as the trading post, there is a specific person known as the specialist whose job is to match buyers and sellers.
I'm not sure 100% but I'm thinking D.