Russell corporation sold a parcel of land valued at $440,000. its basis in the land was $294,800. for the land, russell received $121,500 in cash in year 0 and a note providing that russell will receive $229,000 in year 1 and $89,500 in year 2 from the buyer (plus reasonable interest on the note). (do not round intermediate calculations. round your final answers to the nearest whole dollar amount.)

a. what is russell’s realized gain on the transaction?

b. what is russell’s recognized gain in year 0, year 1, and year 2?

year 0
year 1
year 2

If you were running a company, what are at least two things you could do to improve its productivity.

Ardmore farm and seed has an inventory dilemma. they have been selling a brand of very popular insect spray for the past year. they have never really analyzed the costs incurred from ordering and holding the inventory and currently fave a large stock of the insecticide in the warehouse. they estimate that it costs $25 to place an order, and it costs $0.25 per gallon to hold the spray. the annual requirements total 80,000 gallons for a 365 day year.a. assuming that 10,000 gallons are ordered each time an order is placed, estimate the annual inventory costs.b. calculate the eoq.c. given the eoq calculated in part b., how many orders should be placed and what is the average inventory balance? d. if it takes seven days to receive an order from suppliers, at what inventory level should ardmore place another order?

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?