Character of mikayla gain from sale

Assignment Help Financial Management
Reference no: EM131938621

Diane purchased a necklace for $200 in 1972. In 2014, Diane gave the necklace to her granddaughter, Mikayla. At the time of the gift, the necklace had an appraised value of $1,000. In 2016, Mikayla sold the necklace for $1,400. What is the amount and character of Mikayla's gain from this sale?

Reference no: EM131938621

Questions Cloud

Resulting in negative npv after the project is completed : What are the inputs to NPV that could cause the project to miss the forecast, resulting in a negative NPV after the project is completed?
Searching for job in finance-accounting or business : Imagine you have completed your bachelor’s degree at Strayer and you are searching for a job in finance, accounting or business.
The annual rate of depreciation : Compute the monthly payments on a 3-year lease for a $26629 car if the annual rate of depreciation is 20% and the lease's annual interest rate is 3.4%.
Number of payment periods and deferment periods : find the number of payment periods and deferment periods
Character of mikayla gain from sale : What is the amount and character of Mikayla's gain from this sale?
Project evaluation-what is the irr for project : Working capital will revert back to normal at the end of the project. If the tax rate is 35 percent, what is the IRR for this project?
What is expected stock price and current stock price : What is the company's current stock price? What is expected stock price in 20 years?
The correct theory for explaining the yield curve : Why is it unlikely that the expectations theory alone is the correct theory for explaining the yield curve?
What is the firm stock coefficient of variation : What is the firm's standard deviation? What is the firm’s stock coefficient of variation?

Reviews

Write a Review

Financial Management Questions & Answers

  The euronote market and the eurocommercial paper market

What is the difference between the Euronote market and the Eurocommercial paper market?

  Inflation-adjusted social security payments each year

Suppose, for our example, that you anticipate receiving $20,000 in inflation-adjusted Social Security payments each year

  Assume the market return and risk-free rate remain unchanged

Assume the market return and risk-free rate remain unchanged.

  How would you design a quasi experimental analysis

In some of these states, the eligibility expansions have covered all children. - How would you design a quasi-experimental analysis to evaluate the impact of these expansions?

  Calculate the present value of total outflows

The Bowman Corporation has a bond obligation of $26 million outstanding, which it is considering refunding. Though the bonds were initially issued at 11 percent, the interest rates on similar issues have declined to 9.9 percent. Calculate the present..

  Security is issued offshore or in the international market

What does it mean if a security is issued “offshore” or in the “international” market?

  Identify at least three alternative exit strategies

Identify at least three alternative exit strategies and analyze how each strategy impacts the potential resources required to initiate a new venture. Analyze how you can structure your venture to avoid potential exit strategy problems and suggest alt..

  Equity of cost of capital

Jumbuck Exploration has a current stock price of $2.25 and is expected to sell for $2.36 in one year’s time, immediately after it pays a dividend of $0.20. Which of the following is closest to Jumbuck Exploration equity of cost of capital.

  Find an average price earnings ratio for the food industry

Find an average price/earnings (P/E) ratio for the specialty retail food industry. (Note: you cannot do this for Kudler as you do not have the firm's current market stock price.) Find an average price/earnings (P/E) ratio for the food retail indust..

  Calculate the semi-annual interest payment

Calculate the semi-annual interest payment. Calculate how much the city will receive from the bond offering under the following conditions.

  What should be the price of the stock in six years

If a stock's beta increases, with no other changes, what should happen to the price of the stock? You find a stock that just paid a dividend of $1.50 that is expected to grow at 6%. If the required return on the stock is 11%, what should be the price..

  Receivables investment-what is the days sale outstanding

Snider Industries sells on terms of 3/10, net 30. Total sales for the year are $1,516,000. Thirty percent of the customers pay on the 10th day and take discounts; the other 70% pay, on average, 48 days after their purchases. Assume 365 days in year f..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd