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Zina [86]
2 years ago
5

Jill bought a house 3 years ago and paid $175,000 for it and spent $7,000 in closing costs. Since, then she has made several imp

rovements to the property for $75,000. Jills boss promoted her to VP of Market 5 and she had to relocate. She sold her house for $375,000 with $30,000 in selling costs. She bought a new house for $290,000. What is the capital gain on the sale of her original home?
Business
1 answer:
Anna71 [15]2 years ago
5 0

Answer:

$88,000

Explanation:

Jill's original house value = $175,000 house cost + $7,000 closing costs + $75,000 improvements = $257,000

Jill's revenue from house sale = $375,000 selling price - $30,000 sale cost

                                                  = $345,000

Jill's capital gain = $345,000 sales revenue - $257,000 house original value

                           = $88,000

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natta225 [31]

Answer:

Importer.

Explanation:

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Roberto's father and uncle started a company that buys bauxite, copper, and other minerals from Chile, and brings them into the U.S. So the company is involved in importing activity.

Roberto brokers the trades with the mines in Chile.

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1 year ago
Albert, a nursing assistant, did not violate any laws when treating a patient. However, he was suspended without pay,
Tamiku [17]

Answer: violated organizational ethics

Explanation: because that makes most sense

4 0
2 years ago
Shamas famous restaurants expects to pay a common stock dividend of $1.50 per share next year (d1). dividends are expected to gr
Tpy6a [65]

The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds <span>by </span>purchasing<span> new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:</span> 

Ke<span> = (DIV 1 / Po) + g</span> 

Ke<span> = cost of external equity</span> 

DIV 1 = dividend to be paid next year 

Po = market price of share 

g = growth rate 

In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%. 

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8 0
1 year ago
You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end
Lesechka [4]

Answer:

- $45000

Explanation:

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Here, the implicit cost is $60,000 income foregone.

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Economic Profit = ($ 45,000) or -$45,000.

7 0
2 years ago
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Calculating average cost of steak initially when only 5000 pounds was produced 
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8 0
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