Economics because it has to deal with money, which is important for a career in business.
<span>The "official" proven reserves number is 265 billion barrels. There's two schools of thought on that.
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Answer:
payback period is 5 years, 11 months
Explanation:
Payback Period is the length of time for the Total Cash flows to equal the initial capital Investment
Cash Flows Project
Year 0 (1,520,000)
Year 1 325,000
Year 2 270,000
Year 3 235,000
Year 4 235,000
Year 5 235,000
Calculation of years
Payback period = 5 years (Total inflows are 1,300,000)
Calculation of months
Payback period = Remaining Amount/Net Cash flow in Next Month × 12
= (1,520,000-1,300,000)/235,000 × 12
= 220,000/235,000 × 12
= 11
Therefore payback period is 5 years 11 months
Answer:
Adjusted basis of the 2 plots is $7000
Explanation:
The correct question is as follows;
Determine the Adjusted basis
Rufus owns 12 acres of land he purchased as an investment for $5,000. He spent an additional $37,000 subdividing the land into residential parcels and having utility
lines run to the property. After the subdividing and utility lines had been completed, he gifted two acres of the land to his sister as a wedding present.
Solution
In this question, we are to determine the adjusted basis of land
Please check attachment for table
Kindly note that the basics of 1 acre of land before gifting is $3,500 ($42,000/12). This means the basis of gifted property of two acres is $7000($3,500 * 2)