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mart [117]
2 years ago
6

Brett owns investment land located in Tucson, AZ. He exchanges it for other investment land. In which of the following locations

may the other investment land be located and enable Brett to qualify for like-kind exchange treatment?
a. Mexico City
b. Mexico Toronto
c. Canada Paris
d. France
e. Only A and B
f. None of the above
Business
1 answer:
andriy [413]2 years ago
4 0

Answer:

F. None of The Above

Explanation:

Real property located in the United States exchanged for foreign real property (and  vice versa) does not qualify as like-kind property.

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What are the rules of a male and a female at home?​
ad-work [718]

Answer:

male is the protector female is a light for their house male is the foundation of there house they provide everything thats a male work female helping dou house hold things comport there husband understand.

4 0
3 years ago
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The following information is taken from the income statement of Olympic, Inc.: Depreciation Expense $ 90,000 Amortization Expens
Lina20 [59]

Answer:

The correct option is D,$402,000.

Explanation:

In determining the cash flow provided by operating activities,we need to adjust the net income for effects of non cash items reported.It is important  to note that the reverse of the earlier treatment of the items is what is required now.For instance depreciation and amortization  were deducted in  income statement,for cash flow purposes we need to add both to net income.

Net income                          $315,000

add depreciation                $90,000

amortization                         $15,000

loss on sale of equipment  $9,000

less gain on sale of building($27000)

Cash flow from operations  $402,000

The cash flow from operating activities as adjusted is $402,000.

6 0
3 years ago
Suppose you just won the state lottery, and you have a choice between receiving $3,500,000 today or a 20-year annuity of $250,00
xeze [42]

Answer: The correct answer is e). 3.67%

Explanation: An ordinary annuity is a series of payments made at the end of each period.

The formula for ordinary annuity is PV = PMT × ((1 - (1 + r) ^ -n)/ r)

Where; PMT = the periodic cash payment; r = the interest rate per period; n = the total number of periods and PV = present value.

Therefore; 3500000 = 250000×((1-(1+r)^-20)/r

This will give the rate as 3.67%

4 0
3 years ago
Your company is considering purchasing a machine for $270,000. This machine will bring revenues of $100,000 in the second year,
kumpel [21]

Answer:

Yes we should go with this project because it has a positive NPV of $4,350

Explanation:

We need to calculate the net present value of the machine to decide whether to invest in the machine or not.

As per Given Data

Costs $270,000

Cash Inflows

Year 2      $100,000

Year 3      $150,000

Year 4      $75,000

Interest Rate = 6%

Net Present Value

As we know Net Present value is calculated by discounting each years cash flows using using the Weighted Average cost of Capital.

Year       Cash Inflows    Discount factor 13%  Present values

Year 0      $(270,000)     (1+6%)^-0                 $(270,000)

Year 2      $100,000        (1+6%)^-2                 $89,000

Year 3      $150,000        (1+6%)^-3                 $125,943

Year 4      $75,000          (1+6%)^-4                 <u>$59,407  </u>

Net present value                                            <u>$4,350   </u>

7 0
3 years ago
Which of the following statements are true about this natural monopoly? Check all that apply. The cable company is experiencing
solong [7]

Answer:

The answers are It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers. And It is true that without government regulation, natural monopolies can earn positive profit in the short run.

Explanation:

It is more efficient on the cost side for one producer to exist in this market rather than a large number of producers.

Without government regulation, natural monopolies can earn positive profit in the short run.  It is a true statement.

3 0
3 years ago
Read 2 more answers
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