Answer: $2,890,426
Explanation:
= Cash received + Mortgage assumed - Points paid by Peyton - Broker's ,commission
= 1,867,200 + 1,120,320 - 22,406 - 74,688
= $2,890,426
To keep marketing and do advertisements to make people come to her place and it will grow
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<span>It aims to maximize return by <span>investing</span></span>
Answer:
$28,000
Explanation:
we need to calculate the loss on the sale of the building:
sales price - basis = $50,000 - $80,000 = ($30,000)
- Harry = ($30,000) x 40% = ($12,000)
- Landers = ($30,000) x 40% = ($12,000)
- Waters = ($30,000) x 20% = ($6,000)
- total loss = ($30,000)
the partners basis:
- Harry = $40,000 - $12,000 = $28,000
- Landers = $30,000 - $12,000 = $18,000
- Waters = $15,000 - $6,000 = $9,000
- total = $55,000
Since the partners' basis ($55,000) equal the total available cash ($5,000 cash and $50,000 proceeds from sale = $55,000), then each partner will receive an amount equal to their basis.
- Harry = $28,000
- Landers = $18,000
- Waters = $9,000
