45. carlton holds undeveloped land for investment. his adjusted basis in the land is $200,000, and the fmv is $325,000. on november 1, 2018, he exchanges this land for land owned by his son, who is 31 years old. the appraised value of his son’s land is $320,000 with a basis of $310,000. a. calculate carlton’s realized and recognized gain or loss from the exchange with his son and on carlton’s subsequent sale of the land to a real estate agent on july 19, 2019, for $375,000. b. calculate carlton’s realized and recognized gain or loss from the exchange with his son if carlton does not sell the land received from his son, but his son sells the land received from carlton on july 19, 2019. calculate carlton’s basis for the land on november 1, 2018, and july 19, 2019. c. what could carlton do to avoid any recognition of gain associated with the first exchange prior to his sale of the land?

Shrieves casting company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by sidney johnson, a recently graduated mba. the production line would be set up in unused space in the main plant. the machinery’s invoice price would be approximately $200,000, another $10,000 in shipping charges would be required, and it would cost an additional $30,000 to install the equipment. the machinery has an economic life of 4 years, and shrieves has obtained a special tax ruling that places the equipment in the macrs 3-year class. the machinery is expected to have a salvage value of $25,000 after 4 years of use. the new line would generate incremental sales of 1,250 units per year for 4 years at an incremental cost of $100 per unit in the first year, excluding depreciation. each unit can be sold for $200 in the first year. the sales price and cost are both expected to increase by 3% per year due to inflation. further, to handle the new line, the firm’s net working capital would have to increase by an amount equal to 12% of sales revenues. the firm’s tax rate is 40%, and its overall weighted average cost of capital, which is the risk-adjusted cost of capital for an average project (r), is 10%. define “incremental cash flow.” (1) should you subtract interest expense or dividends when calculating project cash flow?

Acountry made education free in mandatory up to age 15. it is established 100 new schools to educate kids across the country. as a result, citizens acquired the _ required to work. the school's generated _ for teachers and other staff. in 20 years, to countryside rapid _ and its gdp.

Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.