$2,000 is the amount of money that the Development associates may recover. When the Eastside fails to go through with the deal on the agreed date, when the market price of the land is $17,000 then the price of the land on the agreed date is only $15,000. So the DA may recover the $2,000.
Non-farm payrolls refer to jobs in the manufacturing sector and other industries that are not farm. As part of its Employment situation report, the U.S Bureau of Labor Statistics releases closed-followed monthly data on nonfarm payrolls, the statistics from the nonfarm payroll also shows which sectors are generating the most employment additions. It measures the change in the number of people employed during the previous month except to the farming industry. At the onset recession, the nonfarm payrolls tend to reduce. The PMI or the Purchasing Managers Index is a measure of the economic health of the manufacturing sector. As stated by an analyst at TD Securities, the point of view for manufacturing is demoralized, and the sector is in recession.
Answer:
The project is profitable after 3.8 years
Explanation:
Year Cash Flow Cumulative
0 -$1000 -$1000
1 $300 -$700
2 $300 -$400
3 $500 $100
400/500 0.8
<u>3.8 years</u>
Answer:
$19,500
Explanation:
Given that,
Bob's outside basis in Freedom, LLC, = $10,000
One-fourth share of the LLC's debt = $2,500
Bob's 704(b) capital account = $17,000
Tom bought Bob's LLC interest = $17,000
Tom's outside basis be in Freedom, LLC:
= Amount paid for interest + share of LLC’s Debt
= $17,000 + $2,500
= $19,500
