In 2017, Penelope Parker sold a piece of business machinery that had an adjusted basis to her of $150,000 for $175,000 cash plus artwork that had a fair market value of $25,000. The buyer assumed Penelope's $5,000 loan on the machinery and Penelope paid $2,000 in selling expenses. a. What is the amount of Penelope's realized gain on the sale?b. What is the amount of gain Penelope recognizes on the sale?

Afirm produces a product in a competitive industry and has a total cost function (tc) of tc(q) = 60 + 10q + 2q2 and a marginal cost function (mc) of mc(q) = 10 + 4q. at the given market price (p) of $20, the firm is producing 5.00 units of output. is the firm maximizing profit? no what quantity of output should the firm produce in the long run? the firm should produce unit s) of output. (enter your response as an integer.)

Clonex labs, inc., uses the weighted-average method in its process costing system. the following data are available for one department for october: percent completed units materials conversion work in process, october 1 53,000 90 % 65 % work in process, october 31 29,000 74 % 52 % the department started 381,000 units into production during the month and transferred 405,000 completed units to the next department. required: compute the equivalent units of production for october.

In a chapter 7 bankruptcy, a debtor: