Business, 24.12.2019 05:31 benjaminmccutch

Troy (single) purchased a home in hopkinton, ma, on january 1,2007, for $300,000. he sold the home on january 1, 2016, for$320,000. how much gain must troy recognize on his home sale ineach of the following alternative situations? d. troy rented thehome from january 1, 2007, through december 31, 2011. he lived inthe home as his principal residence from january 1, 2012, throughdecember 31, 2012. he rented out the home from january 1, 2013,through december 31, 2013, and lived in the home as his principalresidence from january 1, 2014, through the date of the sale. assume accumulated depreciation on the home at the time of sale was$0. gain recognized? the answer is not $28,571 the answer is not$4,375

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 20:50

What is the best definition of a conclusion?

Answers: 1

Answer

Business, 21.06.2019 23:00

The impact fiscal multiplier is a. usually estimated to have an average value of 2. b. usually estimated to have an average value of 0. c. the actual immediate multiplier effect of a fiscal policy action after taking into consideration direct fiscal offsets and other short-term crowding out of private spending. d. the multiplier effect of a fiscal policy action that applies to a long-run period after all influences on equilibrium real gdp have been taken into account.

Answers: 3

Answer

Business, 22.06.2019 21:10

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02

Answers: 3

Answer

Business, 22.06.2019 21:20

Which of the following best explains how trade enables greater specialization among producers? a. trade diversifies the market by bringing specialized goods from around the world. b. trade requires distribution networks and adds one more step to the production process. c. trade enables producers to open up new markets for their goods and services. d. trade allows people to focus on one kind of production and trade for their other needs.

Answers: 1

Answer

You know the right answer?

Troy (single) purchased a home in hopkinton, ma, on january 1,2007, for $300,000. he sold the home o...

Questions