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a_sh-v
1 month ago
5

An investor paid $43,000 for a lot and $520,000 to have a strip mall constructed on it. he has depreciated the property for the

past 15 years on a 39-year straight-line schedule. if he sells the property this year and realizes $710,000 after closing expenses, what is his capital gain?
Business
1 answer:
Scilla [3.2K]1 month ago
7 0
<span>Over a duration of 39 years, the asset's depreciation occurs at a straight-line rate of 520/39 = 13.333 thousand annually. After 15 years, the cumulative depreciation amounts to 13.333*15 = $200,000. Consequently, the current book value of the structure stands at $520,000 - $200,000 = $320,000. Adding the land's book value of $43,000 results in a total property value of 320 + 43 = $363,000. If sold for $710,000, the capital gain would then be $710,000 - $363,000 = $347,000.</span>
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You want to save sufficient funds to generate an annual cash flow of $55,000 a year for 25 years as retirement income. You curre
arsen [2965]

Answer:

The total required amount is $7,056.46

Explanation:

Given the following details:

You aim to accumulate enough savings to produce an annual cash flow of $55,000 for 25 years during retirement. How much should you save each year, assuming a return of 7.5 percent on your savings?

Final value = 55,000 * 25 = 1,375,000

Using the formula: FV = {A*[(1+i)^n-1]}/i

A represents the annual contribution.

To isolate A:

A = (FV*i)/{[(1+i)^n]-1}

A = (1,375,000*0.075)/[(1.075^38)-1]= $7,056.46

5 0
28 days ago
Karen made a commission of $3,522.75 on the sale of a property. she split her commission equally with her broker which is 50% to
Mariulka [3175]

Karen dividió su comisión a partes iguales con su corredor, por lo que ella recibe:

Comisión de Karen = $3,522.75 × 0.5 = $1,761.375

El corredor de Karen se llevó el 55 % del total de la comisión, por lo que Karen obtiene solo el 45 % del total. Entonces, la comisión total debe ser:

Comisión total = $1,761.375 ÷ 0.45 = $3,914.17

Con una tasa del 7 %, el precio de venta del inmueble es:

Precio de venta = $3,914.17 ÷ 0.07

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6 0
1 month ago
JED Corp., an e-commerce company, has created a network that supports its supply chain management system. The network provides t
soldi70 [3139]

The options for the question are missing.

A) extranet

B) corporate portal

C) intranet

D) executive information system

Answer:

Extranet.

Explanation:

An extranet is defined as a secure network tailored for information sharing. This type of network is set up by a business to provide specific data to customers and suppliers while restricting their access to sensitive company information.

It simplifies information exchange with potential clients and various stakeholders, enhancing customer support by delivering relevant details to address their inquiries.

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28 days ago
1. Think about the phrase "a financially secure retirement." In two to three sentences, describe what a financially secure retir
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Answer: Achieving peace of mind

Explanation:

A secure retirement plan focused on financial stability includes:

Automating savings.

Managing impulsive spending.

Assessing spending habits and living frugally.

Investing towards future goals.

7 0
1 month ago
Your friend’s mother just moved to an assisted living facility and he asked if you could present a program for the residents abo
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Answer:

the right response is

A. You appreciate the opportunity and would be delighted to set up an appointment with anyone who requests it.

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3 0
1 month ago
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