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AURORKA [14]
3 years ago
9

Paula inherits a home on July 1, 2019 that had a basis in the hands of the decedent at death of $290,000 and a fair market value

of $500,000 at the date of the decedent's death. Paula decides to sell her old principal residence, which she has owned and occupied for nine years, with an adjusted basis of $125,000 and move into the inherited home. On September 16, 2019, she sells the old residence for $600,000. Paula incurs selling expenses of $30,000 and legal fees of $2,000. She decides to add a pool, deck, pool house, and recreation room to the inherited home at a cost of $100,000. These additions are completed and paid for on November 1, 2019. What is her recognized gain on the sale of her old principal residence and her basis in the inherited home?
Business
1 answer:
Airida [17]3 years ago
4 0

Answer:

her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.

Explanation:

Recognized gain on sale of old house

= ($600,000 - $125000) - $30,000 - $2000

= $443,000

Paula's recognized gain = $443,000 - $250,000

                                         = $193,000

Her basis in the inherited home = $500,000 + $100,000

                                                      = $600,000

Therefore, her recognized gain on the sale of her old principal residence is $193,000 and her basis in the inherited home is $600,000.

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DedPeter [7]

Answer: sentiment analysis software

Explanation: The Content is produced through social networks, through Web forms, through mobile applications. Content is created by your customers, your market, by thought leaders, employees, and other enterprises. They are sharing opinions, ideas, comments, requesting information, expressing concerns, discussing technologies and products and influencing. Valuable information is trending within those conversations, threads, and post .Uncovering and translating social data into tangible insights has become one of the key challenges for Sentiment Analysis technology providers wanting to propose a real social mining solution to their users. The sentiment analysis software is a specialized classification engine used to identify and evaluate subjective patterns and expressions of sentiment within textual content. The analysis is performed at the topic, sentence, and document level and is configured to recognize whether portions of text are factual or subjective and, in the latter case, if the opinion expressed within these pieces of content are positive, negative, mixed, or neutral. The combination of machine learning with natural language processing techniques, the sentiment analysis is one of the most powerful engines available .

5 0
3 years ago
Decision makers and analysts look deeply into profitability ratios to identify trends in a company’s profitability. Profitabilit
ahrayia [7]

Answer:

  • If a company has a profit margin of 10%, it means that the company earned a net income of $0.10 for each dollar of sales.  A 10% PROFIT MARGIN MEANS THAT THE COMPANY EARNED 10 CENTS FOR EVERY DOLLAR OF REVENUE.
  • If a company's operating margin increases but its profit margin decreases, it could mean that the company paid more in interest or taxes.  OPERATING PROFIT = GROSS PROFIT - FIXED COSTS, NET PROFIT = OPERATING PROFIT - (INTERESTS AND TAXES). IF TAXES OR INTERESTS INCREASE, NET PROFITS DECREASE

Explanation:

there are several profitability ratios, the most important ones are:

  1. profit margin = net profit / total revenue
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4 0
3 years ago
The united states is a major trader in ________, the fastest growing segment of world trade.
Mekhanik [1.2K]

The United States is a major trader in​ <u>SERVICES</u>, the fastest growing segment of world trade.

<h3 /><h3>What does the U.S. trade?</h3>

There are several things that the United States trades with other countries and one of the main ones is services.

Services are the fastest growing segment when it comes to world trade and the United States is a heavy trader of services. Some prominent services include Video and Music media.

Options for this question are:

  • A. commodities.
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  • C. food and beverage
  • D. Services

Find out more on trading services at brainly.com/question/5376094

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4 0
2 years ago
Financial information is presented below:Operating expenses $ 45,000Sales returns and allowances 3,000Sales discounts 7,000Sales
Anit [1.1K]

Answer:

a. 0.36

Explanation:

The computation of the gross profit rate is shown below:

Gross profit rate = Gross profit ÷ Net sales revenue

where,

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And, the Cost of goods sold is $96,000

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3 years ago
Why is it important that ""links live forever"" when designing an internet-based electronic commerce system?
Elenna [48]

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When designing an electronic internet-based site, it is important that all the links live forever. The reasons are:

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So, it is very important to keep the links live forever of the commercial internet-based websites.

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