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2 years ago

11

For the underwriting of a municipal bond issue, competitive bids are submitted by underwriters as A) a best efforts underwriting

commitment. B) a standby underwriting commitment. C) an all-or-none commitment. D) a firm commitment.

1 answer:

makkiz [27]2 years ago

3 0

B a standby underwriting commitment.

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Kathy fields wants to buy a condominium selling for $95,000. The bank is requiring 20% down and is charging 9.5% interest for a

tatuchka [14]

Answer:

The down payment is 19000 and monthly payment is 664.009

Explanation:

The purchase price of condominium = $95000

Down payment = 20%

Interest charged = 9.5 %

Time period = 25 years

Down payment amount = 95000 × 20% = 19000

Remaining loan amount = $76000

Below is the calculation of monthly payment:

$\text{Present vlaue of annuity} =\frac{A(1-(1+r)^{-n})}{r} \\A = monthy \ installment \\76000 = \frac{A(1-(1+ 0.095/12)^{-25\times 12})}{ 0.095/12} \\A(0.906112) = 601.667 \\A = 664.009$

3 0

3 years ago

Lorenzo is the sole proprietor of a trampoline shop. During 2019, the following transactions occurred.Unimproved land adjacent t

miskamm [114]

Explanation:

we have to get The Amount and nature of recognized gain or loss for each transaction:

a. The condemnation proceeds = $15,000. allocable basis of acquired land = $40,000."

loss = $40,000 - $15,000

= $25,000

b. sale of truck = $3,500. the adjusted basis = 0

Gain = $3,500 - 0 = $3,500

c.

As rowing machine was sold for 4900 and is fully depreciated, with an adjusted basis of 0

Gain = $4,900 - 0 = $4,900

d. sale of apartment = 300000

adjusted basis = $124,783

when we subtract we get :

The Overall gain would be = $300,000 - $124,783 = $175,217

Unrecaptured Section gain = $150,000 - $124,783 = $25,217

Regular long-term capital gain = Overall gain - Uncaptured section gain

This is:

= $175,217 - $25,217 = $150,000

e. his yatch was stolen, it had cost $25,000. The fair market value = $19,600. he was insured for 50% of the original cost, of which he got $12,500 on December 1."

Then Tax loss = Fair market value - Amount received from insurance

$19600-$12,500 = $7,100

so we have here a tax loss of $7,100 ( before any AGI limitation),

f. he sold a Buick for $9,600. It was bought for $20,800."

Loss = $20,800 - $9,600 = $11,200

a non-deductible personal loss.

g. after his trampoline machine was stolen. fair market value was 8000, adjusted basis = 6000

Tax Loss = $6,000

lorenzos Adjusted Gross Income for 2019 = $102,000 + $3,500 + $4,900 + $150,000 - $6,000 = $254,400

5 0

3 years ago

Indicate all the items in the following list that are not factors of production and explain why. Item a: Vans used by a baker t

exis [7]

Answer:

b. , c. , and e.

Explanation:

Based on the items provided within the question it can be said that the items that are not factors of production are 1,000 shares of Amazon.com stock, undiscovered oil in the Atlantic Ocean, and a soda. This is because they are not productive resources that are being used to produce goods and/or services, land, labor, capital, or entrepreneurship like the rest of the items on the list.

8 0

3 years ago

Karen owns City of Richmond bonds with a face value of $10,000. She purchased the bonds on January 1, 2018, for $11,000. The mat

Ainat [17]

Answer:

amount of taxable interest income that Karen report for 2018 = 0

Amortization per year = $100

Adjusted basis = $ 10,900

Explanation:

given data

face value = $10,000

purchased the bond = $11,000

interest rate = 4%

solution

we know here that City of Richmond bonds that is tax exempted

so that amount of taxable interest income that Karen report for 2018 = 0

and

as Premium on the bond is

Premium on the bond = purchased the bond - face value

Premium on the bond = 11,000 - 10,000 = 1,000

and here time Period = 10 years ( January 1, 2018 to December 31, 2027 )

so Amortization per year is

Amortization per year = $\frac{1000}{10}$

Amortization per year = $100

so

Adjusted basis will be = Purchase price - Premium amortized

Adjusted basis = 11,000 - 100

Adjusted basis = $ 10,900

8 0

3 years ago

A trial balance (select one):

Furkat [3]

Answer:

a. is a list of accounts with their balances at a given time.

Explanation:

There are two columns in the trial balance, namely debit columns and columns of credit. The total amount of columns of debit and credit should always match and equaled.

The debit columns reflect assets and expenses side while earnings, stockholder equity, and liability side are listed in the credit column. It is prepared for the given period of time.

4 0

3 years ago