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ad-work [718]
2 years ago
11

Firm P, a noncorporate taxpayer, purchased residential realty in 1985 for $1 million. This year it sold the realty for $450,000.

Through date of sale, Firm P deducted $814,000 accelerated depreciation on the realty. Straight-line depreciation would have been $625,000.a. Determine the amount and character of Firm P’s recognized gain on sale.b. How would your answer change if Firm P was a corporation?
Business
1 answer:
Natalka [10]2 years ago
4 0

Answer:

Explanation:

Amount realized on sales                                                     $450,000            

Cost                                                  $1,000,000    

Accumulated depreciation              $814,000

                                                                                                $186,000

Realized gain                                                                          $264,000

Ordinary income = excess of  $814,000 accelerated

Over $625,000 straight-line depreciation      $189,000

Section 1231 gain                                                $75,000

Recognized gain                                                 $264,000

(b)

Ordinary income = excess of $814,000 accelerated

Over $625,000 straight-line depreciation                 $189,000

20% additional recapture 20% * $75,000                  $15,000

Section 1231 gain                                                           $60,000

Recognized gain                                                            $264,000

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Swiss Clothing Store had a balance in the Accounts Receivable account of $820,000 at the beginning of the year and a balance of
salantis [7]

Answer:

B. 9.0 times.

Explanation:

Accounts Receivable Turnover (ART) = Net credit sales/ Average accounts receivable

Net credit sales = <em>$7,200,000</em>

Average accounts receivable  = (beginning AR - ending AR) /2

Average Accounts receivable = ($820,000 + $780,000)/2

Average AR = <em>$800,000</em>

Therefore Accounts receivable turnover = $7,200,000/800,000 = 9.0 times

4 0
2 years ago
A bond with a coupon rate of 7% makes semiannual coupon payments on January 15 and July 15 of each year. The Wall Street Journal
VladimirAG [237]

Answer:

The invoice price of the bond will be $100,127.88

Explanation:

Bonds are nothing but the debt instrument which a company uses to raise capital from the general public, these bonds can be of both short and long term period.

In the question it is given that bond has a coupon period of 182 days which means the bond is of short term period. Coupon rate of 7% means the bond gives the interest of 7% to its holder semiannually every year on January 15 and July 15.

It is given that the ask price for the bond on January 30 is 100.125 percent on par value of the bond which we are assuming to be $1000, which means the ask price is

$1000 X 100.125 = $100,125    ( ASK PRICE)

now we have to calculate the interest, remember the semiannually payment of interest has already been made on January 15 which means we have to find interest for only 15 days which will be taken out on par value

INTEREST = $1000 x 7% x 15 / 30

                 = $1000 x .07 x 1/ 2

                 = $35

INVOICE PRICE = INTEREST X \frac{TOTAL \: NUMBER \: OF \: DAYS}{COUPON \: PERIOD}   + Ask price

        =  $35 X 15 / 182

        = $2.884

Now adding this amount in to ask price

$100,125 + $2.884

= $100,127.88  ( INVOICE PRICE)

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2 years ago
When you have carefully checked all the facts and your attitudes and still find that there’s just something about your superviso
Anna11 [10]

Answer:

Your answer to that is try to talk it out with someone and dont hold it in.

Explanation:Have fun and a great day

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2 years ago
There is a bond that has a quoted price of 110.547 and a par value of $2,000. The coupon rate is 7.05 percent and the bond matur
olga55 [171]

Answer:

the YTM of the bond is 127.55 %

Explanation:

The YTM of the bond is the Market return that similar Bond Holders expect from the bond.

This can be calculated using a Financial calculator as :

PV = - $ 110.547

FV =  $2,000

PMT =  $2,000 x 7.05 % x 1/2 = $70.50

N = 19 x 2 = 38

P/yr = 2

YTM = ???

Therefore, the YTM of the bond is 127.55 %

6 0
2 years ago
Identify an element of a successful persuasive tweet.
Sever21 [200]

Many companies use blogs and tweets to help develop a positive online presence.

Option B : To fit in all the AIDA elements, break a longer message into a multi-part tweet.

Explanation:

Websites and Twitter accounts of businesses are strong marketing resources which can help to portray an optimistic and knowledgeable presence online.

The concepts underneath AIDA even now relate to micro-names, even though you likely won't use the complete, four-part plan. Using catching and interesting interest recipients, and seek to always have a call for action. Do not spread endless retweets, numerous tweets, or other things that are more distressing to your viewers than they receive.

7 0
2 years ago
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