Tom howard and frank peters are good friends (and former college roommates). each owns investment property in the other's hometown (tom lives in kalamazoo, mi; frank lives in austin, tx). to make their lives easier, they decide to exchange the investment properties. under the terms of the exchange, frank will transfer realty (20 acres of unimproved land; adjusted basis of $52,000; fair market value of $80,000) and tom will exchange realty (25 acres of unimproved land; adjusted basis of $60,000; fair market value of $92,000). tom's property is subject to a mortgage of $12,000 that will be assumed by frank. if an amount is zero, enter "0". a. what are frank’s and tom’s recognized gains? frank's recognized gain is $, and tom's recognized gain is $.

12. nelson corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 115 units in beginning inventory 380 units produced 5,900 units sold 6,070 units in ending inventory 210 variable costs per unit: direct materials $ 46 direct labor $ 27 variable manufacturing overhead $ 3 variable selling and administrative $ 12 fixed costs: fixed manufacturing overhead $ 112,100 fixed selling and administrative $ 36,420 the company produces the same number of units every month, although the sales in units vary from month to month. the company's variable costs per unit and total fixed costs have been constant from month to month. a. prepare a contribution format income statement for the month using variable costing. unit product cost under variable costing direct materials direct labor variable manufacturing overhead variable costing unit product cost (formula)

Jade international is a highly diversified global firm with headquarters in new jersey. it manufactures a variety of products ranging from home security systems to automotive components. jade's 100,000 employees work at facilities located in more than 60 countries around the world. jade frequently sends american managers overseas to manage the firm's foreign facilities. the hr department is considering the idea of redesigning jade's expatriate support services program.which of the following, if true, best supports jade's decision to provide assistance to trailing spouses in finding jobs overseas? a) jade puts great emphasis on promoting the role of women in global management.b) the majority of jade's expatriate managers have long-term international experience.c) jade has lost a significant chunk of its global cadre in the recent past owing to its failure to offer feasible options to address the dual-career couples dilemma.d) female managers at jade have reported discriminatory treatment while on overseas assignments.

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