User Account

All Pages

Discuss what is rafael''s amount realized on the sale

Assignment Help Accounting Basics
Reference no: EM131757602

Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios?

Rafael received $129,000 of cash and a vehicle worth $13,300. Rafael also pays $8,000 in selling expenses.

Rafael received $117,500 of cash and was relieved of a $31,500 mortgage on the asset he sold to Jamal. Rafael also paid a commission of $8,000 on the transaction.

Rafael received $39,000 of cash, a parcel of land worth $70,500, and marketable securities of $15,700. Rafael also paid a commission of $8,450 on the transaction.

Reference no: EM131757602

Questions Cloud

What is the probability that a driver wears a seat belt : ABC Insurance Co. estimates that 80% of drivers wear seat belts regularly. They also estimate that 50% of drivers are over age 35.
Discuss a contract for a purchase commitment specifies : A contract for a purchase commitment specifies a price of $10 per unit for a commodity
What are the specialized forms of business organizations : What are the principal forms of business organizations? What are the specialized forms of business organizations?
Total real return on investment : Suppose that you decide to sell your bonds today, when the required return on the bonds is 8.25 percent. If the in?ation rate was 4.3 percent over the past year
Discuss what is rafael''s amount realized on the sale : Rafael sold an asset to Jamal. What is Rafael's amount realized on the sale in each of the following alternative scenarios
How the suite helped to investigate computer forensics cases : Show how the suite helped to investigate computer forensics cases and cybercrime activity for your local law enforcement agency.
What is the company wacc : The tax rate is 38 percent. What is the company's WACC? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places
Discuss recommendation on the structure of the inter-company : Prepare a recommendation on the structure of the Inter-company advance to minimize potential gains/losses in the earnings statement
Financial intermediaries and the financial markets reconcile : Explain how the deposit-taking and non-deposit-taking financial intermediaries and the financial markets reconcile the disparate needs of surplus and deficit

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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