Steve Drake sells a rental house on January 1, 2015, and receives $120,000 cash and a note for $45,000 at 10 percent interest. The purchaser also assumes the mortgage on the property of $35,000. Steve’s original cost for the house was $180,000 and accumulated depreciation was $30,000 on the date of sale. He collects only the $120,000 down payment in the year of sale.
gross profit percentage (expressed as a decimal amount). divide line 16 by line 18. (for years after the year of sale, see instructions) .
Answers
The gross profit percentage (expressed as a decimal amount) is approximately 0.303 or 30.3%.
To calculate the gross profit percentage for the sale of the rental house by Steve Drake, we need to use the following formula: Gross profit percentage = (Gross profit / Total revenue) x 100 the gross profit is the amount by which the selling price of the house exceeds the cost of the house and any associated expenses. The total revenue is the sum of all the cash and non-cash proceeds received by Steve from the sale.
Now, we can calculate the gross profit percentage: Gross profit percentage = (-$20,000 / $120,000) x 100 = -16.67% (rounded to 2 decimal places) Since the gross profit is negative, we can infer that Steve sold the rental house at a loss. The gross profit percentage tells us the extent of this loss relative to the total revenue from the sale.
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Related Questions
Gross profit equals the difference between net sales and
a. operating expenses.
b. cost of goods sold.
c. net income.
d. cost of goods sold plus operating expenses.
Answers
Gross profit equals the difference between net sales and the cost of goods sold. The correct answer is Option B.
Gross profit is a financial measure that represents the profit a company earns from its core operations after deducting the cost of producing or acquiring the goods sold. It is calculated by subtracting the cost of goods sold (COGS) from the net sales or revenue generated by the company. Gross profit reflects the profitability of the company's products or services before considering other operating expenses such as selling, general, and administrative expenses. Therefore, the correct answer is Option B: cost of goods sold.
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In the context of defining the objectives and benefits of a management support system (MSS), which of the following is an intangible benefit? (Ch. 12) Increasing profits Increasing revenues Improving customer service Improving the organization's stockholder's equity Improving the organization's line of credit
Answers
In the context of defining the objectives and benefits of a management support system (MSS), improving the organization's stockholder's equity is an intangible benefit. Intangible benefits are those that cannot be easily quantified or measured in monetary terms. While increasing profits and revenues are tangible benefits that directly contribute to the financial performance of the organization, improving customer service and the organization's line of credit can also be considered tangible benefits as they can have a direct impact on customer satisfaction and financial stability.
On the other hand, improving the organization's stockholder's equity refers to enhancing the value and perception of the company in the eyes of its shareholders. This benefit is intangible because it is not directly reflected in the financial statements or easily quantifiable. It encompasses factors such as increased investor confidence, improved reputation, and long-term sustainability, which are vital for attracting and retaining shareholder.
Although intangible benefits may not have immediate financial implications, they are important for the overall success and growth of an organization. They contribute to building a strong brand, fostering stakeholder relationships, and positioning the company for long-term success in the market.
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Watch "The Hurt Locker" on Netflix.
Answer the following questions after watching:
1. Who is the main character? What does he want? What is he willing to do to get it? What are his obstacles in getting what he wants?
2. What is the plot of the film, in 3-4 sentences?
3. Describe a scene where the editing is done well to tell the story? 3-4 sentences.
4. Describe a scene when the sound is done well to tell the story? 3-4 sentences.
5. Tell me your opinion of the film. 3-4 sentences.
Answers
1. The main character is Staff Sergeant William James. He wants to successfully defuse bombs and is willing to take extreme risks to achieve it. His obstacles include his reckless behavior and addiction to the adrenaline rush of defusing bombs. 2. "The Hurt Locker" follows a bomb disposal unit in Iraq as they face life-threatening situations and navigate the psychological toll of war. 3. In a tense market scene, quick cuts and close-ups convey urgency and capture the chaotic environment, immersing the audience in the high-stakes situation. 4. The sound design amplifies ambient sounds like creaking doors and distant gunshots in a narrow alley, creating a heightened sense of realism and immersing the viewer in the dangerous world. 5. "The Hurt Locker" is a compelling and intense portrayal of the psychological toll of war. Outstanding performances, direction, and cinematography deliver a thought-provoking and visceral experience, offering a raw look at the realities of war.
"The Hurt Locker" is a gripping war film directed by Kathryn Bigelow. It follows the story of Staff Sergeant William James, the main character, who is part of an elite bomb disposal unit in Iraq. William's primary objective is to successfully defuse bombs and protect his fellow soldiers.
He is willing to take extreme risks and disregard protocol to accomplish his mission. However, his reckless behavior and disregard for safety often clash with his teammates, especially Sergeant J.T. Sanborn, who prioritizes following the rules and maintaining order.
William's biggest obstacle is his own addiction to the adrenaline rush of defusing bombs, which puts not only his life but also the lives of his team in danger.
The plot revolves around the dangerous and high-stress experiences of the bomb disposal unit in Iraq. Each day, the team faces numerous life-threatening situations as they work to defuse improvised explosive devices (IEDs) planted by insurgents.
The film delves into the psychological toll of war on the soldiers and explores the complexities of their relationships. It also raises questions about the nature of war and the personal sacrifices made by those involved.
In a scene where the editing effectively tells the story, there is a tense and chaotic sequence in which the bomb disposal team is tasked with defusing a bomb in a crowded market.
The quick cuts between different angles and close-ups of the characters' faces convey the urgency and high stakes of the situation. The editing builds suspense and captures the disorienting nature of the environment, immersing the audience in the tense atmosphere.
A scene in which the sound is skillfully used to enhance the storytelling is when the bomb disposal team is in a narrow alley, trying to locate an IED. As the tension rises, the sound design amplifies the ambient sounds of the environment, such as the creaking of doors, distant gunshots, and the soldiers' heavy breathing.
The meticulous sound mixing creates a heightened sense of realism and immerses the viewer in the dangerous world the characters inhabit.
"The Hurt Locker" is a compelling and intense portrayal of the psychological toll of war. The film explores themes of addiction, camaraderie, and the moral complexities faced by soldiers in combat. The performances are outstanding, particularly Jeremy Renner as Staff Sergeant William James, who delivers a captivating and nuanced portrayal of a soldier grappling with the horrors of war.
The direction and cinematography are superb, capturing the chaos and tension of the battlefield. "The Hurt Locker" is a thought-provoking and visceral film that offers a raw and unflinching look at the realities of war.
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A Las Vegas hotel want to provide to bear experience for a rep for its rapidly growing custom made base from China at the hotel can best do this by hiring
Answers
Answer:
Brian, a Mandarin interpreter who loves to interact with groups of all sizes.
Explanation:
In the context, a hotel in Las Vegas wants to give to experience for a representative for the increasingly growing customs which is made base from country China. The hotel can best do this by hiring Brian who is a Mandarin interpreter and he loves to meet and to interact with all size of people.
He can better able to facilitate the requirements of the travelers from China in a broader sense. Brian can allow the travelers less fluent in English speaking to make advantage of the available features at the hotel and also the amenities that the hotel offers. He bridges the language gaps between the hotel and the Chinese travelers.
define finance education for class 8
Answers
Sam properly reported his formal marketing/sales event and selected "Dual" as the type of product he was going to present. After presenting the Dual SNP, he asked the audience if anyone had a question. A consumer asked about stand-alone Prescription Drug Plans (PDP). What is Sam permitted to do?
Answers
Answer:
Sam is only permitted to answer questions related to the plan he formally presented.
Explanation:
wrong answer
Sam must obtain a Scope of Appointment form before he can discuss stand-alone PDPs because he did not indicate PDPs when he reported his event.
Sam is allowed to talk about these plans if they are one of the products he sells. in short, he can only talk about the products he can sell.
About Prescription Drug Plans, we can state that:
This plan allows people to have coverage for the purchase of medication.This is a very important plan for people who need to keep taking medicine, or elderly people, and people who tend to get sick more often.Thus, customers can buy medicines at lower prices and receive discounts.Sam can talk about this plan if it's a plan he's authorized to sell it. In addition, he can talk about the drugs sold in this plan, if they are drugs he has a license to sell them.
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Closure is the property of an operation and a set that the performance of the operation on members of the set always yields a member of the ______.
Answers
Answer:
Set.
Explanation:
Closure property in algebra asserts that 'when an operation(multiplication, addition) takes place among the members of a set, the result produced would surely be a member of that same set.' For example, if we add or multiply two real numbers(members of the same set), the result would be a real number for sure(a member of the same set). It implies that 'real numbers are closed under multiplication and addition.' While if I subtract two real numbers, I may or may not get a real number. Thus, the real numbers are closed under subtraction.
the concept of flexible accumulation describes an overall strategy of multinational corporations to increase profitability. what is one of the keys to the success of this strategy?
Answers
offscouring one of the keys to the success of this strategy is one of flexible accumulation.
the increasingly more bendy strategies that groups use to build up income in the technology of globalization, enabled by the aid of innovative communication and transportation technology. increasing migration. the multiplied motion of people inside and among nations.
Capital accumulation refers to a growth in property from investments or earnings and is one of the building blocks of a capitalist financial system. The intention is to boom the price of preliminary funding as a go-back on investment, whether that be thru appreciation, hire, capital gains, or interest.
marked by using a right-away confrontation with the rigidities of Fordism. It rests on flexibility with the recognition of labor processes, labor markets, products, and styles of intake.
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which of these is not a social or economic goal of the US economy
Answers
What are the social or economic goals? Is there options?
Edit: The answer is A
Answer:
A
Explanation:
A trading company intends to install a small PBX to handle every increasing internal as well as external calls within the company. It is expected that the employees will collectively generate Poisson outgoing external calls with a rate of calls per minute. The duration of these outgoing calls is independent and exponentially distributed with a mean of minutes. Assuming that the PBX has separate external lines to handle the incoming external calls, how many external outgoing lines are required to ensure that the blocking probability is less than 1? You may assume that when an employee receives the busy tone he/she will not make an attempt again.
Answers
To ensure a blocking probability of less than 1, the trading company should install a minimum of 11 external outgoing lines for the small PBX.
The Poisson process is commonly used to model the arrival rate of calls in a telecommunication system. In this case, the employees generate outgoing external calls with a rate of λ calls per minute, and the duration of these calls follows an exponential distribution with a mean of 1/μ minutes.
To calculate the number of external outgoing lines required to achieve a blocking probability of less than 1, we can use the Erlang B formula. The Erlang B formula calculates the probability that all lines are busy, resulting in a blocked call.
The formula is given by:
\(P_B = (A^C) / (C!)\)
Where P_B is the blocking probability, A is the offered traffic in Erlangs, and C is the number of lines.
In this case, the offered traffic A can be calculated by multiplying the call arrival rate λ with the mean call duration 1/μ:
A = λ * (1/μ)
To achieve a blocking probability of less than 1, we need to solve the Erlang B formula for C, the number of lines:
\(1 = (A^C) / (C!)\)
By trial and error or using numerical methods, it can be determined that a minimum of 11 external outgoing lines is required to satisfy the condition.
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Think of a time you encountered an ethical dilemma. What was the situation? How did you react? Do you behave ethically? How do you know?
(i never had a ethical problem plz HELP!!!!!!!)
Answers
Answer: Ok so i work in a place where realtionships at the job are forbbiden, well not forbbiden strictly but you get it right. so, this boy and this girl were dating and once the boss found he did not let them work together he actually seperated them and the girl had to work with me and the boy had to work with other coulleges.
Explanation: i hope you understand
Answer:
One time I was working in a group with my friends for a school project and they weren't acting appropriately or doing their part of the project. I didn't know if I should ask the teacher for a new group and upset my friends, or if I should just do the project myself so as to not risk upsetting my friends and still get a good grade. I reacted by having a serious conversation with my friends and explaining the situation. I behaved ethically because I communicated the issue, and we were able to solve it by them realizing what they were doing, focusing and completing their part of the project, and all of us getting it done as a team.
How can you create an effective climate when discussing matters
of importance with coworkers, clients, vendors, superiors, and
employees.?
What factors should be considered when creating that
climate?
Answers
To create an effective climate when discussing matters of importance with coworkers, clients, vendors, superiors, and employees, it's important to maintain a positive and respectful attitude, listen actively, and be clear and concise in communication.
Some factors to consider when creating such a climate include the purpose of the discussion, the relationship between the parties involved, the timing and location of the discussion, and the tone and language used.
It's also important to consider the cultural and individual differences of those involved and be willing to adjust one's communication style accordingly.
Ultimately, creating an effective climate requires a willingness to be open-minded, empathetic, and collaborative in approach.
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Michael perez deposited a total of $2000 with two savings institutions. one pays interest at a rate of 6%/year, whereas the other pays interest at a rate of 7%/year. if michael earned a total of $136 in interest during a single year, how much did he deposit in each institution? (let x and y denote the amount of money, in dollars, invested at 6% and 7%, respectively.)
Answers
Answer:
He invested $400 in the account with interest at 6%, while investing $1600 in the account with interest at 7%.
Explanation:
Given that Michael Perez deposited $ 2000 in two different accounts that granted an interest of 6% and 7% per year respectively, and that at the end of the year he obtained $ 136 in interest, to determine how much money he invested in each account it is necessary to perform the following calculation:
2000 = 100
136 = X
((136 x 100) / 2000) = X
13600/2000 = X
6.8 = X
Thus, the benefits obtained were 6.8% per year. Thus, the annual 7% of the account with the highest interest rate must subtract a 0.2% yield, with which Michael Perez invested 2/10 parts of his money in the account with interest at 6% and 8/10 in the account with interest at 7%.
Thus, in the account with interest at 6% he invested $ 400, while in the account with interest at 7% he invested $ 1600.
Sam is getting his bachelor's degree. During some of his course work, he honed his research skills and learned to
exhibit confidence while presenting to an audience. Which career has Sam most likely been preparing for?
Answers
The correct answer is Journalism
Explanation:
Journalism is one of the careers that most require the use of communicative and research skills. This is because journalists are expected to gather information about important local, national and global events, which requires the use of research skills, and later they are expected to communicate the information precisely, concisely, and confidently, which requires the use of communicative skills. In this context, the career Sam is preparing for is journalism because this is the only one from the options that would require Sam to research and then communicate information confidently.
Answer:
D. Journalism
Explanation:
Click this link to view O*NET's Tasks section for Postal Service Mail Carriers. Note that common tasks are listed
toward the top, and less common tasks are listed toward the bottom. According to O*NET, what are some common
tasks performed by Postal Service Mail Carriers? Check all that apply.
installing mailboxes
O obtaining signed receipts for mail
sorting mail
delivering mail
O supervising other mail workers
reviewing job applicants
Done
Answers
Answer:
1. obtaining signed receipts for mail
2. sorting mail
3. delivering mail
Explanation:
Postal Service Mail Carrier's main responsibility is to deliver mail to their intended receipts. The Postal Service mail carriers are the last people in the mail distribution channel. They are the people who get mail to the receipts and have them sign for it.
The Postal service mail carriers will be issued with mail, usually for a particular route. They will sort to identify the address where each mail is to be delivered. Upon arriving at the correct address, the postal service mail carrier will hand over the mail to the recipient and have them sign as an acknowledgment of receipt.
Answer:
AEF
Explanation:
What does a computer forensic specialist do?
Design home security systems
Design large security systems for businesses
Work in network and computer security
Hack into computer systems
Answers
Answer:
a computer forensics specialist is an information technology professional who collects and analyzes data from computers and electronic media to be used as legal evidence in criminal investigations.
Explanation:
3rd sentence
Please help I’ll give you brainiest
Answers
Because we do not have the clip, I'll just provide definitions to each answer.
competing: striving against one another to gain or win something.
collaborating: work jointly on an activity, especially to produce or create something.
compromising: settle a dispute by mutual concession.
accommodating: fit in with the wishes or needs of.
avoiding: keep away from or stop oneself from doing (something).
Apply Concepts Describe a hypothetical government budget that employs an expansionary policy.
Answers
Answer:
There will be cut in taxes and increased spending.
Explanation:
Expansionary policies are those in which government takes decisions to increase the spending on infrastructure, health, education and other development projects and reduces the taxes. This strategy is used to boost the economy. The increased spending creates more opportunities and there will be lesser unemployment in the country.
which factors are major components of a client's general background history?
Answers
The major components of a client's general background history include personal information, educational background, employment history, and any relevant social or familial factors.
When assessing a client's general background history, several key factors come into play. Personal information such as name, age, gender, and contact details provide a basic understanding of the client's identity.
Educational background is essential to evaluate the client's level of education, qualifications, and any specialized training that may be relevant to their current situation. Employment history helps to gain insight into the client's work experience, career progression, and skills acquired in previous jobs.
Additionally, social and familial factors such as marital status, family structure, and support systems can provide important context for understanding the client's social environment and potential influences on their well-being.
These major components collectively contribute to forming a comprehensive picture of the client's background history, allowing professionals to better understand their context, experiences, and potential factors that may impact their current situation or future goals.
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What is not a criterion when evaluating financial service providers?
A. financial service provider's history
B. benefits or lack thereof
C. past and current employees
D. emerging technologies
Answers
That which is not a criterion when evaluating financial service providers is this: C. past and current employees.
What are the criteria for evaluating financial service providers?To successfully evaluate the qualification of a financial service provider, the customer must be able to look at their present and past history. They should consider their ability to incorporate emerging technologies into their businesses.
It is not really the business of the consumer to dig out the past and current employees of the business. He should be interested in other relevant factors like the above.
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When you add the value of a Maryam's benefits to her salary how much is she earning per year
Answers
82,500Answer:
Explanation:
What is the key to successful investing?
Answers
- Make sure you know what your investing in (DYOR)
- Invest only money your willing to lose
- Learn from others and learn strategies
To obtain a complete waiver of authorization for a research project, the researcher must provide the Privacy Board evidence that the use and disclosure only involves information on deceased individuals. true or false
Answers
The correct answer for the statement ''To obtain a complete waiver of authorization for a research project, the researcher must provide the Privacy Board evidence that the use and disclosure only involves information on deceased individuals'' is False.
While it is true that a researcher may obtain a waiver of authorization for a research project involving deceased individuals, providing evidence that the use and disclosure only involves information on deceased individuals is not sufficient.
The researcher must also demonstrate that the research meets certain criteria set forth in the Privacy Rule, such as the research involving no more than minimal risk to the privacy of individuals and being impossible or impracticable to obtain individual authorization.
Additionally, the Privacy Board must review and approve the researcher's request for a waiver of authorization. Therefore, while the use and disclosure of information on deceased individuals may be a factor in obtaining a waiver of authorization, it is not the only requirement.
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An organized group of laws is referred to as a code?
Answers
Answer:
laws. enforceable rules of conduct in a society. code. laws grouped into an organized form. common law.
What are the 4 types of investments?
Answers
There are 4 essential funding types or asset instructions that traders can pick from: shares, property, cash, and stuck hobby.
Essential Types of Investments are -
Growth investments - These are more suitable for long term investors that are willing and ready to endure market high points and low points.Shares - Shares are viewed as a development venture as they can assist with developing the worth of your unique speculation over the medium to long haul.Property - Property is likewise viewed as a development speculation on the grounds that the cost of houses and different properties can rise considerably over a medium to long haul period.Defensive investments - These are more centered around reliably creating pay, instead of development, and are viewed as lower risk than development speculations.Cash - Cash ventures incorporate regular ledgers, exorbitant premium bank accounts and term stores.Fixed interest - The most popular sort of fixed interest investments are securities, which are basically when legislatures or organizations get cash from financial backers and pay them a pace of revenue consequently.Know more on types of investments - https://brainly.com/question/29549260
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If there is a high demand for a product, the price for that product will
O be lower
O be higher
stay the same
O none of the above
Answers
Answer:
High demand equals higher prices
Explanation:
The lesson reads:
Remember:
high demand = higher prices
low demand = lower prices
high supply (when there is an increased inventory or a lot of a product) = lower prices
low supply (when there is a decreased inventory or not enough of a product) = higher prices
If there is a high demand for a product, the price for that product will be higher. The correct option is b.
What is a product?A product is an object, system, or service made available for consumer use as per consumer demand; it is anything that can be offered to a market to satisfy the desire or need of a customer. In retailing, products are often referred to as merchandise, and in manufacturing, products are bought as raw materials and then sold as finished goods. Service is also regarded as a type of product.
In project management, products are the formal definition of the project deliverables that make up or contribute to delivering the objectives of the project. A related concept is that of a sub-product, a secondary but useful result of a production process.
Dangerous products, particularly physical ones, that cause injuries to consumers or bystanders may be subject to product liability.
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hello everyone hows you day i need help
Answers
Answer:
Fine and yours
Explanation:
How can we help you.
Isa bought goods on credit from Ammar. The goods had a list price of $1000 but Ammar allowed Isa trade discount of 10% and cash discount of 4%.
How much did Isa have to pay Ammar?
Answers
Answer:
$600 correct me if im wrong
a manager who possesses the skills to account for every task and resource in her department excels at which of the six management functions? planning quizlet
Answers
A manager who possesses the skills to account for every task and resource in her department excels at the planning function of management.
Management refers to the process of coordinating and overseeing the activities and resources of an organization to achieve its goals effectively and efficiently. It involves planning, organizing, leading, and controlling various aspects of the organization, including people, finances, operations, and strategy. Managers are responsible for setting objectives, making decisions, allocating resources, motivating employees, and monitoring performance. Effective management ensures that the organization operates smoothly, adapts to changes, and maximizes its performance. It involves skills such as communication, problem-solving, decision-making, and leadership. Good management practices contribute to the success and sustainability of businesses across various industries.
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Which situation is an example of e-commerce?
A.
Sara enjoys shopping from the comfort of her home.
B.
Jeanne ensures that she closes a sale before she ends her sales call.
C.
Josh never misses an opportunity to grow his business network.
D.
Tim prefers to visit several stores before making a purchase.
Answers
Answer:
=> A is an example of e-commerce .
=> A.Sara enjoys shopping from the comfort of her home.
Explanation:
=> E-commerce is the process of selling and buying goods and product over internet .