Business, 30.12.2021 07:10 candaceblanton
In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and the value of the land declined to $60,000. Michael sells the property in this year, when it is subject to a $30,000 nonrecourse mortgage. The buyer pays Michael $34,000 cash and takes the property subject to the mortgage. Michael incurs $5,000 in real estate commissions. Michael's gain or loss on the sale is:
a. $4,000 gain.
b. $1,000 loss.
c. $36,000 loss.
d. $41,000 loss.
Answers: 3
Business, 22.06.2019 22:40
Effective capacity is the: a. capacity a firm expects to achieve given the current operating constraints.b. minimum usable capacity of a particular facility.c. sum of all the organization's inputs.d. average output that can be achieved under ideal conditions.e. maximum output of a system in a given period.
Answers: 1
Business, 23.06.2019 00:30
You get your monthly banking statement and notice that the number is lower than expected. you decide that you should create a cash flow statement. why are cash flow statements useful in managing money? what are the steps in creating a statement?
Answers: 1
Business, 23.06.2019 03:30
Sub to "j h" yt channel to be entered in a giveaway $50 visa
Answers: 1
Business, 23.06.2019 07:50
One cost-of-living indicator available on the internet shows that a salary of $40,000 in santa barbara, california, is equivalent to $14,000 in wichita, kansas. this is primarily because of housing, which is much less expensive in wichita. what does this difference say about how the federal government calculates poverty?
Answers: 3
In 2000, Michael purchased land for $100,000. Over the years, economic conditions deteriorated, and...
Mathematics, 20.09.2020 09:01
Biology, 20.09.2020 09:01
Mathematics, 20.09.2020 09:01
Physics, 20.09.2020 09:01
Mathematics, 20.09.2020 09:01
Physics, 20.09.2020 09:01
Mathematics, 20.09.2020 09:01
French, 20.09.2020 09:01
Mathematics, 20.09.2020 09:01
Mathematics, 20.09.2020 09:01