Answer:
Greg’s capital gain on the apartment = $590,000
Explanation:
Purchase Cost = $100,000
Improvements = $300,000
Total Initial cost = Purchase Cost + Improvements
Total Initial cost = $100,000 + $300,000
Total Initial cost = $400,000
Depreciation for 20 Years = Depreciation per annum * 20
= $2,500 * 20
= $50,000
Net Book value after 20 Years = Initial cost - Depreciation for 20 Years
= $400,000 - $50,000
= $350,000
Capital Gain = Net Sale - Net Book Value
When Net Sale = Sale Price - Commission
= $1,000,000 - $ 60,000
= $940,000
Hence, Capital Gain = Net Sale - Net Book Value
Capital Gain = $940,000 - $350,000
Capital Gain = $590,000
Answer:Only statements 1 and 2 are correct
Explanation: An effective team involves people who interact with each other to accomplish certain goals or meet certain needs. Team members work intensely with each other to achieve a specific, common goal or objective. This therefore attracts other people to them, that is magnetism. In as much as they look out to achieve their goals, they are also interested in others' success.
Answer:
13.33%
Explanation:
Income from operations $400,000
Interest expense 47,000
Gains/(losses) on sale of equipment 3,000
Net income 350,000
Total assets at Jan. 1 2,600,000 Total assets at Dec .31 3,400,000
the formula used to calculate return on investment (ROI) is:
ROI = income from operations / average total assets
ROI = $400,000 / {($2,600,000 + $3,400,000) / 2} = $400,000 / $3,000,000 = 0.1333 or 13.33%
Return on investment measures the profitability of an investment during a period of time.
Is called collusion
It's actually price collusion to be precise ( not to be mistaken for the crime collusion)
Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.
In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
It depends on the contract. But it's mostly what seller do ...
