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Norma-Jean [14]
3 years ago
13

Mateo exchanges a rental house at the beach with an adjusted basis of $225,000 and a fair market value of $200,000 for a rental

house at the mountains with a fair market value of $180,000 and cash of $20,000. What is the recognized gain or loss?
a.$0
b.$20,000
c.($25,000)
d.($20,000)
Business
1 answer:
FromTheMoon [43]3 years ago
7 0

Answer:

a.$0

Explanation:

Adjusted basis is the cost of a property and other related costs incurred in acquiring, maintaining, or upgrading the property.

Fair value represent the worth of a property. It is the amount that one should expect to fetch from the market if they were to sell the property.

The fair value or the worth for Mateo's rental house is $200,000. He obtains another rental house with a fair value of $180,000 and cash $20,000.

He exchanged property worth  $200,000 for $200,000

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Cynthia​ Knott's oyster bar buys fresh Louisiana oysters for ​$3 per pound and sells them for ​$8 per pound. Any oysters not sol
iragen [17]

Answer:

111 pounds

Explanation:

The number of pounds Cynthia should order each day can be calculated as follows

Calculation

Standard deviation = 20

Mean = 100

Cost of actual utilization = 8-3 = 5

Cost of Under utilization = 4-2 = 2

Probability of sale = Co/(Cu+Co)

Probability of sale = 5/(5+2)

Probability of sale =0.714

Z score at above probability = z = 0.57

hence cynthia should order= mean+z*standard deviation

Order = 100+0.57*20

Order = 111.4 or 111 pounds

3 0
3 years ago
To satisfy their economic wants, people ______ goods and services.
Taya2010 [7]

Answer: Consume.

Explanation: To satisfy their wants humans tends to consume goods and services. consumes in this sentence is used to indicate the Human purchasing power to sati their needs. And what are human needs this are what we need to survive on a daily basis mainly food, clothes and shelter. So by consuming goods and services we are satisfying our need.

3 0
3 years ago
What is the most important way the federal reserve ensures the United States money supply is safe and in circulation
BlackZzzverrR [31]

Answer:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks.

Explanation:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks. Conversely, Federal Reserve decreases the money supply in the hands of the public if it sells securities. As a result, the money supply increases.

Federal reserve provides and maintains an effective and efficient payment system. It also regulates banking operations.

5 0
3 years ago
A company enters into a short futures contract to sell 5000 bushels of wheat for 571'4 cents per bushel. The initial margin is $
zalisa [80]

Answer:

563.4 cents

Explanation:

A margin call occurs when the margin of an investment falls bellow the maintenance margin.

In this problem, the production costs for 5,000 bushels are given by:

Margin = Price*units -Cost\\\$1,500=\$5.714*5000 - Cost\\Cost = \$27,070

The price per bushel that yields a margin of $1,100 is:

\$1,100=Price*5,000- \$27,070\\Price =\$5.634=563.4\ cents

You will receive a margin call at a price of 563.4 cents per bushel.

4 0
4 years ago
Do you think you could be an accountant? List three reasons why or why not.
kirill115 [55]
These questions are for your opinion.
7 0
3 years ago
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