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Kazeer [188]
2 years ago
6

Mary Beth purchased her primary residence for $280,000.00. As part of the closing procedure, she paid $2,900 in a loan originati

on fee, $750 to a lawyer to review the purchase contract and other closing papers, $150 for a property survey, and $1,200 for title insurance. She also gave the real estate agent a $100 gift certificate in appreciation for his hard work. What is Mary Beth's basis residence?
a. $280,000.
b. $281,350.
c. $282,100.
d. $282,900
Business
1 answer:
const2013 [10]2 years ago
8 0

Answer:

b. $281,350

Explanation:

Calculation for What is Mary Beth's basis residence

Cost price $280,000

Add Title Insurance $1,200

Add Property Survery $150

Mary Beth's basis residence $281,350

($280,000+$1,200+$150)

Therefore Mary Beth's basis residence will be $281,350

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At the end of World War II many European countries were rebuilding and so were eager to buy capital goods and had rising incomes
fenix001 [56]

We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

<h3>What is aggregate demand?</h3>

Aggregate demand refers to the total demand for goods and services within an economy.

Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.

<h3>Answer Options:</h3>

a. Both the US and Europe

b. The US, but not Europe

c. Europe, but not the US

d. Neither the US nor Europe

Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>

Learn more about aggregate demand at brainly.com/question/1490249

8 0
2 years ago
Suppose that France and Denmark both produce fish and stained glass. France's opportunity cost of producing a pane of stained gl
andriy [413]

Answer:

France has a comparative advantage in the production of stained glass.

Denmark has a comparative advantage in production of fish.

France will gain from trade as long as it gets more than 3 pounds of fish for each pane of stained glass.

Denmark can gain from trade if it gets more than 0.09 pane of stained glass for each pound of fish it exports.

4 pounds of fish per pane of stained glass.

7 pounds of fish per pane of stained glass.

Explanation:

France and Denmark both produce fish and stained glass.

France's opportunity cost of producing a pane of stained glass

= 3 pounds of fish

Denmark's opportunity cost of producing a pane of stained glass

= 11 pounds of fish

France's opportunity cost of producing a pound of fish

= \frac{1}{3}

= 0.33 pane of stained glass

Denmark's opportunity cost of producing a pound of fish

= \frac{1}{11}

= 0.09 pane of stained glass

France has a lower opportunity cost of producing stained glass so we can say it has a comparative advantage in the production of stained glass. While Denmark has a comparative advantage in the production of fish.

If both countries start to trade with each other, France will gain from trade as long as it gets more than 3 pounds of fish for each pane of stained glass.

While Denmark can gain from trade if it gets more than 0.09 pane of stained glass for each pound of fish it exports.

Both the countries will gain from trade if the trade price lies between their opportunity cost. both countries will gain from trade if the price is 4 pounds of fish per pane of stained glass or 7 pounds of fish per pane of stained glass.

8 0
2 years ago
The break-even point is a.the maximum possible operating loss. b.where the total sales line intersects the total costs line on a
Alisiya [41]

Answer:

The answer is B.

Explanation:

To a layman, break-even point is the point where an entity neither make profit nor loss. It is the point where total revenue equals total cost(where the total sales line intersects the total costs line on a cost-volume-profit chart).

Points greater or above this intersection or point mean the firm is making profit and points lesser or below this intersection or point mean the firm is making loss.

4 0
3 years ago
8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,0
Finger [1]

Answer:

Results are below.

Explanation:

<u>First, we need to determine the production budget using the following formula:</u>

Production= sales + desired ending inventory - beginning inventory

Quarter 1:

Production= 10,000 + (0.25*12,000) - 2,500

Production= 10,500

Quarter 2:

Production= 12,000 + (0.25*14,000) - 3,000

Production= 12,500

Quarter 3:

Production= 14,000 + (0.25*16,000) - 3,500

Production= 14,500

Quarter 4:

Production= 16,000 - 4,000

Production= 12,000

<u>Now, the direct material purchase budget:</u>

Purchases= production + desired ending inventory - beginning inventory

Quarter 1:

Purchase= 10,500*4 + (12,500*0.1) - 4,200

Purchase= 39,050 pounds

Quarter 2:

Purchase= 12,500*4 + (14,500*0.1) - 1,250

Purchase= 50,200 pounds

Quarter 3:

Purchase= 14,500*4 + (12,000*0.1) - 1,450

Purchase= 57,750 pounds

Quarter 4:

Purchase= 12,000*4 - 1,200

Purchase= 46,800 pounds

3 0
2 years ago
Sheffield Corp. traded machinery with a book value of $978480 and a fair value of $906000. It received in exchange from Ivanhoe
Lemur [1.5K]

Answer:

Gain $72,480

Explanation:

Calculation for the amount of gain or loss that Sheffield should recognize on the exchange

Using this formula

Gain/Loss= Book value – Fair value

Let plug in the formula

Gain/Loss= $978,480 – $906,000

Gain=$72,480

Therefore the amount of gain or loss that Sheffield should recognize on the exchange will be $72,480

3 0
3 years ago
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