Business, 16.12.2019 12:31 estherboocx

Mrs. o is negotiating to purchase a tract of land from dc company, a
calendar year taxpayer. dc bought this land six years ago for
$480,000. according to a recent appraisal, the land is worth $800,000
in the current real estate market. according to dc’s director of tax,
the company’s profit on the sale will be taxed at 35 percent if the sale
occurs this year. however, this tax rate will definitely
decrease to 21 percent if the sale occurs next year. mrs.
o is aware that dc would prefer the sale close next year. however,
mrs. o needs the land immediately to begin construction of a new
retail outlet. she offers to pay $875,000 for the land with the
stipulation that the sale close by december 31. should dc accept
mrs. o’s offer?

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 23:30

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

Answers: 1

Answer

Business, 22.06.2019 12:30

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Answers: 1

Answer

Business, 22.06.2019 20:00

In william rathje's garbology project that focused on household waste, front door interviews found 15 percent of respondents saying that they consumed beer. the trash discard from the same area showed what percentage of household's consuming beer

Answers: 1

Answer

Business, 22.06.2019 21:00

Warner inc. sells a high-speed retrieval system for mining information. it provides the following information for the year. budgeted actual overhead cost $965,700 $905,000 machine hours 58,570 49,200 direct labor hours 107,300 104,200 overhead is applied on the basis of direct labor hours. compute the predetermined overhead rate. predetermined overhead rate $ per direct labor hour link to text determine the amount of overhead applied for the year. the amount of overhead applied $

Answers: 1

Answer

You know the right answer?

Mrs. o is negotiating to purchase a tract of land from dc company, a
calendar year taxpayer. d...

Questions