and assume full responsibility for the mortgage on the property‚ what amount does Potomac realize on the sale? $450‚000 3. Montana Max sells a 2‚500-acre ranch for $1‚000‚000 in cash‚ a note receivable of $1‚000‚000‚ and debt relief of $2‚400‚000. He also pays selling commissions of $60‚000. In addition‚ Max agrees to build a new barn on the property (cost $25‚000) and spend $100‚000 upgrading the fence on the property before the sale. What is Max’s amount realized on the sale? $3‚675‚000
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Two Variable Inequality Robin Bettasso Mat 221 January 20‚ 2013 a) Let ‘c’ be the number of classic maple rocking chairs and ‘m’ be the number of classic maple rocking chairs that Ozark Furniture Company make. b) Here we have given that a classic maple rocker requires 15 board feet of maple‚ and a modern rocker requires 12 board feet of maple. We have ‘c’ classic maple rocker‚ so total maple required for classic maple rocker chair = 15c board feet. And we have ‘m’ modern maple
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Chapter 1 Prices‚ Discount Factors‚ and Arbitrage STARTING WITH COUPON BONDS • Three aspects: In May 2010 the U.S. Treasury sold a bond with – a coupon rate of 2 % and – a maturity date of May 31‚ 2015 – a payment frequency of two a year‚ six months apart s of May 31‚ 2015” • This bond is called “ Coupon rate 9/5/2013 Coupon frequency‚ “s” is for “semi‐annual” L. Wu maturity 2 Cash Flow of the Bond • The unit for bond purchasing is $1‚000. • Suppose that an investor purchases $1m face
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1) Cost-volume-profit analysis is used primarily by management: A) as a planning tool B) for control purposes C) to prepare external financial statements D) to attain accurate financial results Answer: A Diff: 1 Terms: cost-volume-profit (CVP) Objective: 1 AACSB: Communication 2) One of the first steps to take when using CVP analysis to help make decisions is: A) finding out where the total costs line intersects with the total revenues line on a graph. B) identifying which costs are variable and
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PRINCIPLES OF COST CONTROL 1.1 Introduction Cost is important to all industry. Costs can be divided into two general classes; absolute costs and relative costs. Absolute cost measures the loss in value of assets. Relative cost involves a comparison between the chosen course of action and the course of action that was rejected. This cost of the alternative action - the action not taken - is often called the "opportunity cost". The accountant is primarily concerned with the absolute cost. However‚
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reported dividend income of $ 4‚000 ($ 4 per share 1‚000 shares) and took a 70% dividends received deduction. 1) Have Coyote Corporation and Fox Corporation reported these transactions properly? Please explain. No they have not recorded them properly‚ according to Rev. Ruling 82-11‚ Coyote Corp. actually includes the dividend income for federal tax purposes because they are contractually entitled to receive the dividend on the date of record. Fox does not include the dividend income on their federal
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VARIABLES THAT INFLUENCE WOMEN IN PARLIAMENT Abstract: Women are consistently underrepresented in political systems around the world. In this research‚ I examine factors such as the gender equality scale‚ education‚ ratio of female to male income and cultural diversity and their impact on the percentage of women in government. My findings reinforce my hypotheses; all four independent variables have statistically significant effects on women in parliament‚ with the ratio of female to male income
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Street Journal. Cost Management and Strategy – refer to your assigned questions and problems Cost Drivers and Basic Cost Concepts -- What is a cost? Define cost pools. What is a cost object? cost assignment? Contrast a direct cost with an indirect cost. Define cost allocation. What is an allocation base? Contrast cost assignment with cost allocation. What is a direct material? Direct labor? Indirect material? Indirect labor? factory overhead? What are conversion costs? Prime costs? What are the
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Virtual Lab: Dependent and Independent Variables Worksheet 1. ECB refers to: E (European corn borer) a. A genetically engineered plant that is resistant to insect pests b. Edible corn byproducts c. An insect pest that reduces corn yield d. European corn borer e. c and d 2. How many days are required for a corn seed to become a mature plant with maximum weight kernels ready to be harvested? D (about 140 days) a. about 23 b. about 65 c. about 140 d. about 180 3. “BT Corn” refers
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In October baker’s ownership interest in the firm was sold out equally to Able and Cabot‚ with Baker receiving a total of $110‚000 in notes and cash from Able and Cabot. The firm had $12‚000 net income for the year. Able and Cabot planned to incorporate the firm as of January 1‚ 20X2. Prepare a statement of invested capital for the partnership as of December 31‚ 20X1. 20X2: The firm was incorporated on January 1‚ as planned. The articles of
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