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JulijaS [17]
3 years ago
5

Anya owns land with an adjusted basis of $305,000, subject to a mortgage of $175,000. Anya sells her land subject to the mortgag

e for $325,000 in cash, and a note for $300,000. What is Anya's amount realized on this sale
Business
1 answer:
Readme [11.4K]3 years ago
8 0

Answer: $800,000

Explanation:

Alice's realized amount from the sale is a sum of all the amounts that the seller gets it for as well as any mortgages assumed.

Alice therefore realized:

= Mortgage assumed by seller + Cash + Note

= 175,000 + 325,000 + 300,000

= $800,000

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Answer:

It need  sales figure of 22,125 units per year to break even considering their currnent contribution marign and fixed cost.

Explanation:

fixed cost per year:

equipment lease cost: 288,000

other overhead cost  <u>     48,300   </u>

total fixed cost              336,300

contribution per unit:

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39.75 - 14.55 = 15.20

each units generates $15.20 dollar we need to save up for  336,300 dollars

break even point:

336,300 / 15.20 = 22,125 units

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3 years ago
Means producing a product or service of acceptable quality at consistently lower production costs than competitors so that the f
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Cost leadership

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3 years ago
Paris operates a talent agency as a sole proprietorship, and this year she incurred the following expenses in operating her tale
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Answer:

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Explanation:

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5 0
3 years ago
Madison Corporation reported taxable income of $400,000 in 20X3 and accrued federal income taxes of $136,000. Included in the co
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Answer:

A) $424,000

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Madison Corporation's current earnings and profits for 20x3 would be:

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Indirect interview request includes of all of the following techniques except
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Requesting an interview during a telephone call to the employer.

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