Answer:
$700,000
Explanation:
Data provided in the question
Sales price of the home = $960,000
Cost price of the home = $260,000
Based on the above information,
The computation of the amount of gain included in gross income is shown below:
= Selling price of the home - cost price of the home
= $960,000 - $260,000
= $700,000
Hence, the amount of gain i.e $700,000 is included in the gross income
Its almost the same thing as price gouging but not really
Answer:
Significant noncash financing and investing activities.
Explanation:
Answer:Their key use is to discover and reinforce affiliations, identify experts, message individuals or groups, and virally share media.
Explanation:Social networks are networks that imbibe or encourage sharing media while developing strong interactive sessions over time.
Electronic social networks help different users of a particular network maintain contacts, discover and discuss a common topic, share updates and encourage diversity.
Social networks supports messaging services either private or public/ group discussions.
Websites for social networking and microblogging form the atmosphere through which users are able to create groups online to share information and ideas,then Social Networking helps to create and maintain a balance of personal and general discussions in the network space.
Answer:
The amount to be invested today is $3604.78
Explanation:
This is a case of an ordinary annuity,to calculate the present value, the below formula is made used of:
PV=A*(1-1/(1+r)^N)/r
A is the annuity payment of $1000 for 5 years
r is the rate of return on the annuity of 12%
N is the duration of the annuity payment , that is 5years
PV=$1000*(1-1/(1+12%)^5)/12%
PV=$3604.78
In essence, in order to receive $1000 every year starting a year today for 5 years, the sum of $3604.78 must be deposited today at rate of return of 12% per year.
The amount required would be been different if the first payment of $1000 is due today
