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Marianna [84]
3 years ago
11

Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey

ton is to receive $1,867,200 in cash. The purchaser is to assume Peyton's mortgage of $1,120,320 on the property. To enable the purchaser to obtain adequate financing, Peyton is to pay the $22,406 in points charged by the lender. The broker's commission on the sale is $74,688. What is Peyton's amount realized
Business
1 answer:
marissa [1.9K]3 years ago
5 0

Answer: $‭2,890,426‬

Explanation:

= Cash received + Mortgage assumed - Points paid by Peyton - Broker's ,commission

= 1,867,200 + 1,120,320 - 22,406 - 74,688

= $‭2,890,426‬

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Nancy and Tonya exchanged assets. Nancy gave Tonya her personal residence with an adjusted basis of $280,000 and a fair market v
azamat

Answer:

Realized gain  $110,000

Recognized gain  $110,000

Explanation:

The computation of the Tonya's realized and recognized gain is shown below:

Amount realized by Tonya (fair market value)  $560,000

Less; Amount given by Tonya

Yacht: adjusted basis  ($250000)

Assumption of Nancy's mortgage  ($200000)

Realized gain  $110,000

Recognized gain  $110,000

7 0
2 years ago
Advice Florence and her team on how they can convince the staff using john kotter's theory to lead change
shtirl [24]

John Kotter’s theory for leading can help business staffs to improve their performance especially in completing assignments and improving teamwork.  His theory centers on eight steps:

1.       Creating urgency to spur change.

2.       Forming a powerful coalition from people of diverse talents.

3.       Make a vision of change that would inspire and rally your group.

4.       Communicate that vision so that all of you understand what needs to be done.

5.       Remove obstacles that would impede your goals.

6.       Create short-term wins that would help in the short run but will contribute in the long run.

7.       Build on change while the momentum is there.

8.       Anchor that change as a model for others to follow.

4 0
3 years ago
Rouse Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000
Scorpion4ik [409]

Answer:

See bellow

Explanation:

With regards to the above, Rouse total stockholder's equity is computed as;

= Preferred stock + common stock + paid in capital in excess of par (preferred stock and common stock) + retained earnings - Treasury stock

= $150,000 + $1,950,000 + $60,000 + $27,000,000 + $7,650,000 - $630,000

= $53,730,000

7 0
3 years ago
Given a double variable named total with a value of 62.5 and an integer variable named quantity with a value of 4, what will the
MAXImum [283]

Answer:

The value of price is $15.625

Explanation:

In the question, the formula is given for computing the value of the price.

The calculation is shown below:

Here, the total value would be 62.5 and the integer variable quantity is 4, so we easily compute the value of price

Price = Total ÷ Quantity

        = 62.5 ÷ 4

        = $15.625

The quantity should be expressed in units or some other measurement value, the price should be a dollar or any other monetary units.

3 0
3 years ago
The weighted average cost of capital is determined by Blank______. Multiple choice question. multiplying the weighted average af
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The weighted average cost of capital is determined by dividing the weighted average after-tax cost of debt by the weighted average cost of equity. Option C. This is further explained below.

<h3>What is WACC?</h3>

Generally, A company's WACC is determined by calculating the cost of each kind of capital (debt and equity) by the market value weight assigned to that source of capital, and then summing the results.

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Read more about WACC

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4 0
2 years ago
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