4-25 Billy Dent‚ as the owner of an apartment building‚ receives and makes the following payments during 2011: How much rental income must Billy Dent include on his 2011 income tax return? 5‚000+4‚000= $9‚000 4-32 Arnold and Barbara Cane were divorced in June 2011. Pursuant to the divorce decree‚ Arnold is obliged to perform as follows: a. Transfer title of their personal home to Barbara. They purchased the house in 1998 and their basis today is $400‚000. The fair market value of
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Rodriguez operates a variety store that provides an annual revenue of $480 000. Each year‚ he pays $25 000 in rent for the store‚ $15 000 in business taxes‚ and $350 000 on products to sell. He estimates he could put the $80 000 he has invested in the store into his friend’s restaurant business instead and earn an annual 20 percent profit on his funds. He also estimates that he and his family could earn a total annual wage of $90 000 if they worked somewhere other than the store. a. Calculate
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SOLUTIONS Financial Management Seminar + Homework‚ Week 5 1. Starware Software was founded last year to develop software for gaming applications. Initially‚ the founder invested $800‚000 and received 8 million shares of stock. Starware now needs to raise a second round of capital‚ and it has identified an interested venture capitalist. This venture capitalist will invest $1 million and wants to own 20% of the company after the investment is completed. a. How many shares must the venture capitalist
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Problem set 2.2 This question Is mainly concentration on the price changed effect. As the price raise ‚what is the changed to the quantity‚ turnover ‚and the market equilibrium. And the assumption are as following: The demand of the concert remain unchanged‚ the supply of the concert also unchanged( which consist on 3 concerts) ‚so the supply curve is vertical. In the question‚ the concert price in 2005 is $500 and all the tickets have been sold out which are 12000seats. The turnover is 12000seats
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(A). A branch of accounting that requires a high degree of verification before making a legal claim to any profit. Accounting conservatism will recognize all probable losses as they are discovered and most expenditures as they are incurred. Revenue will be deferred until it is verified. Having strict revenue-recognition criteria is one of the most common forms of accounting conservatism. Preparation of financial statements requires the use of professional judgment in the adoption of accountancy
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Exercise 6-1 Part A (1) Sales 2‚700‚000 Purchases (Cost of Goods Sold) 2‚700‚000 To eliminate intercompany sales of 2011 (2) 12/31 Inventory-Income Statement (Cost of Goods Sold) 487‚500 12/31 Inventory (Balance Sheet) 487‚500 To eliminate unrealized intercompany profit in inventory Exercise 6-2 Reported Net Income- S Company $ 525‚000 Noncontrolling Interest Percentage 0
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parameters so that α + β = 1 U(x‚y) = xɗy1-ɗ‚ where ɗ = α/(α+β) and 1-ɗ = β/(α+β). The new utility function is U(x‚y) = x11/2x21/2 L (x1‚x2‚λ) = x11/2x21/2 + λ (I – px1x1 – px2x2) ɗL/ɗx1 = (1/2)x1-1/2 x21/2 – λpx1 = 0 ɗL/ɗx2 = (1/2)x11/2 x2-1/2 –λpx2 = 0 ɗL/ɗλ = I – px1x1 – px2x2= 0 => px1/px2 = x2/x1 => x1 = (px2x2) / px1. Put this in the budget constraint: I = px1(px2x2) / px1 + px2x2 => x2* = I / 2px2 Using the same way to find the demand function of good 1‚ we obtain: x1* = I / 2px1
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1.1 Explain the models of practice that underpin equality‚ diversity and inclusion in own area of responsibility The client groups at my current place of work are adults with autism‚ learning disabilities and some of the residents have a dual diagnosis of mental health issues as well. Both the social and medical model has an impact on their daily life. The home empowers the residents and enables them to lead a normal positive life where possible. We do this by providing and engaging them in their
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Running head: PROBLEM SOLUTION: USA WORLD BANK Problem Solution: USA World Bank University of Phoenix March 7‚ 2009 Terry Dunning Problem Solution: USA World Bank USA World Bank is a global major bank with branches located nationwide. Usa World Bank enjoys success in several worldwide ventures as well as a large consumer and small business customer base. Most recently USA World Bank has not achieved much success through their new product roll-outs‚ which is important in that this success
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Unit 503 - Champion equality‚ diversity and inclusion Learning outcome 1 - Understand diversity‚ equality and inclusion in own area of responsibility 1.1 Explain models of practice that underpin equality‚ diversity and inclusion in own area of responsibility The United Kingdom has a diverse population‚ composed of people from nations around the world with many different cultures and religions. Some of this diversity brings with it a range of social and educational issues that practitioners need
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