In February of the current year, Cammy contributed an office building to the CJ Partnership for a partnership interest. The office building had an adjusted basis of $45,000 and a FMV of
$60,000. Cammy acquired the office building 10 years ago for $100,000.

What gain or loss should Cammy report on the contribution to the partnership?

a. No gain or loss.

b. $15,000 ordinary income.

c. $15,000 ordinary income and $40,000 capital gain.

d. $55,000 capital gain.

Assume today is december 31, 2013. barrington industries expects that its 2014 after-tax operating income [ebit(1 – t)] will be $400 million and its 2014 depreciation expense will be $70 million. barrington's 2014 gross capital expenditures are expected to be $120 million and the change in its net operating working capital for 2014 will be $25 million. the firm's free cash flow is expected to grow at a constant rate of 4.5% annually. assume that its free cash flow occurs at the end of each year. the firm's weighted average cost of capital is 8.6%; the market value of the company's debt is $2.15 billion; and the company has 180 million shares of common stock outstanding. the firm has no preferred stock on its balance sheet and has no plans to use it for future capital budgeting projects. using the corporate valuation model, what should be the company's stock price today (december 31, 2013)? round your answer to the nearest cent. do not round intermediate calculations.

Nthis economy, community members typically use simple tools to plant and harvest crops. food supplies are supplemented by hunting animals and gathering plant materials. members trade with each other to obtain needed goods, as few people hold currency. little economic growth occurs. what type of economy is being described?

A. calculate the payoff and profit at expiration for the february 190 calls, if you purchase the option at the stated price and at expiration the stock price is $195. b. calculate the payoff and profit at expiration for the february 195 puts, if you purchase the option at the stated price and at expiration the stock price is $195.