Business, 21.04.2020 01:23 Spiderblack212
Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios?
A. Rafael receives $80,000 of cash and a vehicle worth $10,000. Rafael also pays $5,000 in selling expense.
B. Rafael received $80,000 of cash and was relieved of a $30,000 mortgage on the asset he sold to Jamal. Rafael also paid a commission of $5,000 on the transaction.
C. Rafael received $20,000 of cash, a parcel land worth $50,000, and marketable securities of $10,000. Rafael also paid a commission of $8,000 on the transaction.
Answers: 2
Business, 22.06.2019 11:10, flippinhailey
Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.
Answers: 1
Business, 22.06.2019 17:30, gena75
Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery. can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.
Answers: 2
Business, 22.06.2019 20:10, keem8224
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
Answers: 2
Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following...
Law, 12.03.2020 20:54
Physics, 12.03.2020 20:54
Mathematics, 12.03.2020 20:54