Answer:
a. 550,000
Explanation:
The gain on the asset is calculated by the sales proceeds minus the original cost of the asset.
In this question the home' initial cost is $200,000 and it is sold on $750,000. In absence of any unusual or hardship circumstances, the direct gains is $550,000 ( $750,000 - $200,000) as all the closing costs are paid by the buyer, so, Barney ans Betty should include the whole gain of $550,000 in the gross income.
Answer:
The correct answer is letter "A": Cooperative.
Explanation:
Cooperatives or co-ops are not real state ownerships but imply being in charge of a property under a lease agreement. Similar to condominiums, individuals can live in an apartment that belongs to an owner that in co-ops are companies. The tenant purchases stocks of the company becoming a stakeholder and in return, the company provides the tenant an apartment with a lease agreement for the possession of the property.
Answer:
I can't really describe in a specific way but it's for internet
Answer:
fixed cost per unit,
Explanation:
Fixed cost is cost that does not vary with output. It remains constant regardless of the units of output produced. An example of fixed cost is rent.
fixed cost per unit = fixed cost / output
Let us assume that rent (fixed cost) is $500. When output is 1 unit, fixed cost per unit = $500 / 1 = $500
when output is 2 units, fixed cost per unit = $500 / 2 = $250
when output is 10 units , fixed cost per unit = $500 / 10 = $50
It is easier to stick to a budget if you can spend some money on things you enjoy.