Think about your decision to buy the textbook for this course. you paid $250 for the book, but you would have been willing to pay $450 to use the book for the semester. suppose that at the end of the semester you could keep your textbook or sell it back to the bookstore. once you have completed the course, the book is worth only $50 to you. the bookstore will pay you 50% of the original $250.

how much total value have you gained? $

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

On september 1, 2016, steve loaned brett $2,000 at 12% interest compounded annually. steve is not in the business of lending money. the note stated that principal and interest would be due on august 31, 2018. in 2018, steve received $2,508.80 ($2,000 principal and $508.80 interest). steve uses the cash method of accounting. what amount must steve include in income on his income tax return?

The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?