To sell a piece of raw land in alaska

Assignment Help Accounting Basics
Reference no: EM131068494

Keith Vaughn is trying to sell a piece of raw land in Alaska. Yesterday, he received two offers. Sally Youngblood offered Keith $10,000 in cash, payable on signing the deed. Billy Budd offered him $11,424, payable one year after signing the deed. Suppose that Keith can earn 12% simple interest for one year on federally insured deposits at his bank. Keith is satisfied that both buyers are honest and financially solvent, so he has no fear that the offer he selects will fall through. Which offer should Keith accept, and why?

Reference no: EM131068494

Questions Cloud

How adding bagel sandwiches change mountain bagels profit : How would adding bagel sandwiches change Mountain Bagels' profit? What information would you need before you can determine how introducing bagel sandwiches would affect Mountain Bagels' overall profit?
Write a particular specification for a cut-to-fill earthwork : Note that the project specification will include a geotechnical report and a series of drawings giving all dimensions, slopes, etc
What were the trial court findings in miranda : What factors do you believe the trial court took into consideration when they decided Miranda? Did the Connecticut Supreme Court uphold the trial court's decision?
Explain your monthly master budget and the items included : Explain your monthly master budget and the items included in it, and compare these planned items against what you spent on them last month.
To sell a piece of raw land in alaska : Keith Vaughn is trying to sell a piece of raw land in Alaska. Yesterday, he received two offers. Sally Youngblood offered Keith $10,000 in cash, payable on signing the deed. Billy Budd offered him $11,424, payable one year after signing the deed.
Create a rough budget based on what you believe the costs : In a 1-2 page Word document, use your Amani restaurant business form to create a rough budget based on what you believe the costs and expected revenues should be for the business.
How many strands will be required to make the pre-stressing : how many strands will be required to make the pre-stressing cable.
Estimate of the yearly cost difference : Is it a good idea to switch from 20 to 30 weeks? Make an estimate of the yearly cost difference
Affirmative action programs are misguided : Do you think affirmative action programs are misguided, or are they justifiable and socially beneficial? Which side of the comparable-worth issue are you on?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much will bkfcoms monthly profits change if they decide

in this make or buy problem you should compute the total cost of making a particular part and the total costs of buying

  The brentwood store is just one of many stores owned and

the following cost data pertain to the questions of lefthand department stores inc. for the month of december.

  Last year abby loaned pat 10000 as a gesture of their

last year abby loaned pat 10000 as a gesture of their friendship. although pat had signed a note payable that contained

  If cost of machine rs400 000 useful life 5 yearsresidual

if cost of machine rs.400 000 useful life 5 yearsresidual value rs.25 000 sale price rs.40 000 rate ofdepreciation

  Absorption costing pre-tax income statement

Prepare an absorption (traditional) costing pre-tax income statement for Trace for the year 2010.

  Balance of accounts payable

The normal balance of accounts payable accoiunt is a ______because it is a(an)_____ account

  Effective interest method

If the effective interest method is used, by how much should the bond discount be reduced for the 6 months ended December 31, 2009?

  The michigan corporation owns 20 of the wolverine

the michigan corporation owns 20 of the wolverine corporation. the wolverine stock was acquired eight years ago to

  Different forms of entity including the sole proprietorship

compare and contrast the different forms of entity including the sole proprietorship

  How do you respond

Suppose the investor who hired you tells you that you havent done your job if you cant get closer than a factor of 3 to 5 in your assessment of their cost assessment. How do you respond

  Company can use either the direct or indirect method of

company can use either the direct or indirect method of preparing the operating activities section of the statement of

  Determine the amount of net income savannah will report in

Determine the amount of net income Savannah will report in each of the four quarters of 2012, assuming actual sales are as projected and employing the integral approach to interim financial reporting. Compute Savannah's profit margin on sales for eac..

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