1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
solong [7]
3 years ago
13

Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2013, at a price of $390,000. He rejec

ted several offers in the $350,000 range during the summer. Finally, on August 16, 2013, he and the purchaser signed a contract to sell for $363,000. The sale took place on September 7, 2013. The closing statement showed the following disbursements:
Real estate agent's commission $21,780
Appraisal fee 600
Exterminator's certificate 300
Recording fees 800
Mortgage to First Bank 305,000
Cash to seller 34,520
Wesley's adjusted basis for the house is $200,000. He owned and occupied the house for seven years. On October 1, 2013, Wesley purchases another residence for $325,000. If an amount is zero, enter "0".
a. Wesley's recognized gain on the sale is $ 0
b. Wesley's adjusted basis for the new residence is $ 270000
c. Assume instead that the selling price is $800,000.Wesley's recognized gain is $287750 , and his adjusted basis for the new residence is $
270000
Business
1 answer:
alexdok [17]3 years ago
6 0

Answer:

a. Wesley's gain = $139,520, but due to section 121 exclusion, he doesn't need to recognize any gain at all.

b. Basis for the new residence is equal to its price = $325,000

c. if the sales price was $800,000, then the gain would = $576,520

section 121 exclusion = $250,000

recognized gain = $326,520

adjusted basis = $325,000

You might be interested in
A good negotiator knows
Tema [17]

Answer:

A

Explanation:

lol

5 0
3 years ago
How should each instrument be changed if the fed wished to decrease the money supply?
densk [106]
The way each instrument be changed if the fed wished to decrease the money supply is the Fed should conduct :
- Open market sales
- Raise discount rates
- Raise interest paid on reserves.
This will attract more saving from the people.
3 0
3 years ago
A string or rope will break apart if it is placed under too much tensile stress. Thicker ropes can withstand more tension withou
kifflom [539]

Answer:

a. radius = 0.0006m = 0.6mm and length =0.393m = 393mm

b. frequency =377.86Hz

Explanation:

Given:

mass of steel= 4g = 0.004kg

density of steel = 7890kg/m3

tensile stress of steel 7.0x10⁸

tension load =900N

from the density, we will calculate for the Volume of the steel string

density = mass/volume

volume = mass/density = 0.004/7890 = 5.07 x 10⁻⁷ m³

from the tensile stress will can get the maximum base Area of the string ,

tensile stress = load/area =

7x10⁸ = 900/A

A = 900/7x10⁸ = 1.29x10⁻⁶ m²

Area = πr²

area/pi = 4.105x10-7

radius = 0.0006m = 0.6mm

volume = Area x length

length = vol/area =(5.07 x 10⁻⁷ m³)/1.29x10⁻⁶ m² = 0.393m

b. the highest possible frequency is given by:

F = \frac{\sqrt{\frac{T}{m/L} }}{2L}

where T= tension, m=mass, L=length

F = \frac{\sqrt{\frac{900}{0.004kg/0.393m} }}{2*0.393m}

= 297.04/0.786

frequency =377.86Hz

4 0
3 years ago
After decreasing Nominal & Real GDP, the Federal Reserve will_______.
FinnZ [79.3K]
<span>After decreasing Nominal & Real GDP, the Federal Reserve will engage in Contractionary Monetary Policy. The answer is letter B. IF the Federal Reserve increases the amount of monetary growth, the economic theory shows that it will decrease in the short run but will increase eventually in the long run from their initial value.</span>
4 0
3 years ago
In addition to innovation, which strength can Accenture apply to help a global telecom solve security problems?
garik1379 [7]

In addition to innovation, governance, and tenancy knowledge Accenture applies to help a global telecom solve security problems.

Irish-based Accenture is a provider of professional services. This business specializes in offering services in information technology, operations, strategy, and consulting. Accenture has the expertise to operate on even the most complicated customer issues and can find the most innovative solutions.

Accenture uses its expertise in governance, tenancy, and innovation to assist a multinational telecom with security issues. One of the biggest independent technology service companies around the globe is Accenture. The biggest technology businesses in the world, including Microsoft, and SAP, have partnered with this business. They are therefore familiar with every possible security issue that a telecom company may encounter.

To learn more about Accenture refer to:

brainly.com/question/25756025

#SPJ1

5 0
2 years ago
Other questions:
  • What is the price at which a dealer will sell a bond?
    8·1 answer
  • initial cash investment of $388,000. The project will produce no cash flows for the first two years. The projected cash flows fo
    12·1 answer
  • 2 10 n 30 r.o.g. means the cash discount period ends :what that's mean ???
    6·1 answer
  • If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, Group of answer choices
    5·2 answers
  • Storm, Inc. purchased the following available-for-sale securities during 2016, its first year of operations:
    11·1 answer
  • o decide whether or not to buy a season ski pass. A daily pass costs ​$80. A season ski pass costs ​$450. The skier would have t
    9·1 answer
  • McCaffrey Corporation owned 15,000 shares of Harper Corporation’s $5 par value common stock. These shares were purchased in 2015
    6·1 answer
  • Product recall is an example of: Select one: a. prevention costs b. appraisal costs c. internal failure costs d. external failur
    12·1 answer
  • Economic justice was not a mainstream concept before the Great Depression. The predominant economic theory advocated a laissez-f
    10·1 answer
  • In what way are mutual funds similar to common stocks
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!