How much value did you add to the house

Assignment Help Accounting Basics
Reference no: EM133027081

Question - You, a finance graduate, bought a run-down house for $450,000 and spend another $75,000 on painters, plumbers and so on to get it fixed up. Then you place the house in the market for sale and find that it is worth $600,000. How much value did you add to the house?

Reference no: EM133027081

Questions Cloud

Address the issue of performance and morale : 1. Outline a plan to address the issue. You must also explain the risks to the project and organisation.
Prepare journal entries to record the copier sale : Prepare journal entries to record (a) the copier's sale; (b) the adjustment on December 31, 2017, to recognize the warranty expense
Definitions of scientific theory : First search broadly for definitions that span common usage, and then focus in particular on definitions of scientific theory.
Case study-merritt bakery : In 1979, Larry and Bobbie Merritt bought The Cake Box, a small business located in a tiny 450 square-foot store in Tulsa, Oklahoma.
How much value did you add to the house : You, a finance graduate, bought a run-down house for $450,000 and spend another $75,000 on painters, How much value did you add to the house
Describe the steps required to produce doughnuts : What is the process required to make doughnuts. After learning all of the steps that are required in the production of doughnuts, respond to the following:
Develop a team performance plan : Develop a team performance plan - facilitate a meeting to consult team members on the preliminary team performance plan
Discuss internal factors that affect of level of pay : Discuss ALL internal factors that affect of level of pay and its relation with forms of equity? and give example of each.
What is the journal entries of Sarah : What is the journal entries of Sarah takes 3 weeks for annual leave entitlement and takes 1 weeks for sick leave entitlement with tax deduction of $470 per week

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.

  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!

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