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Mario transferred real estate with an adjusted basis of $140,000 for similar real estate with a fair market value of $160,000. T

SCORPION-xisa [38]

Answer:1.) $20,000 ; 2) $0 ; 3) $160,000

Explanation:

Adjusted basis transferred = $140,000

Fair market value = $160,000

Exchange is classed as a like-kind exchange.

The realized gain in exchange occurs when a property is sold for a higher price than it was purchased.

Here, the realized gain in the exchange is the difference between the value of the like-kind exchange made :

$160,000 - $140,000 = $20,000

The recognized gain may be referred to as the taxable portion of the realized gain, however, for like kind exchanges involving is tax-free.

Therefore recognized gain = $0

Adjusted basis in the real estate received :

Adjusted basis of old property + realized gain

$140,000 + $20,000 = $160,000

7 0

3 years ago

The provision in a listing contract that gives additional authority to the broker and obligates the broker to distribute the lis

lukranit [14]

Answer:

Multiple Listing Clause

Explanation:

Multiple listing clause is a business or investment term that describes a form of a clause or listing agreement that enables a broker to make his or her listings available through other brokers also referred to as Multiple listing services.

Hence, the provision in a listing contract that gives extra permission to the broker and obligates the broker to distribute the listing to other brokers is known as MULTIPLE LISTING CLAUSE

8 0

3 years ago

A stock has an annual dividend of $10.00 and it is expected not to grow. It is believed the stock will sell for $100 one year fr

Shkiper50 [21]

Answer: C

Explanation: The present value of a stock is the sum of all future cash flows discounted using a rate.

The future cash flows, in this case, is the proceeds from selling the stock ($100) and the dividend ($10).

We can calculate the current price of the stock using the formula:

($100 + $10) / (1 + 6%) = 103.77

8 0

2 years ago

Long-Life Insurance has developed a linear model that it uses to determine the amount of term life insurance a family of four sh

jolli1 [7]

Answer:

$y=160.9$

Explanation:

<u>Linear Modeling</u>

Models are an important part of the study of a variety of natural phenomena in a great number of fields like science, health, business, human behavior, economics, among many others.

Once a model is determined, it can be used to estimate future values of important variables which in turn can help people to make decisions.

It has been determined a model that relates the amount of term life insurance a family of four should have with the current age of the head of the household. That model is

$y=165-0.1x$

we are required to estimate the amount of term life insurance to recommend to a family of four when the head of the household is x=41 years old. Let's plug in the given value in the equation

$y=165-0.1\cdot 41=165-4.1=160.9$

$\boxed{y=160.9}$

7 0

3 years ago

Sonia opened a yoga studio where she teaches classes and sells yoga clothing. Variable costs for Sonia's yoga studio include the

LekaFEV [45]

Answer:

B. (i) and (ii) only

Explanation:

A variable cost is a corporate expense that changes in proportion to production output. Variable costs increase or decrease depending on a company's production volume; they rise as production increases and fall as production decreases. Examples of variable costs include the costs of raw materials and packaging.

In Sonia's yoga studio, the only costs that change as the quantity of the good or service of the business produces changes are :

1. Tank tops

2. Wages paid to the other yoga instructors.

These two costs can change as business becomes bigger and expands.

5 0

3 years ago

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