Answer: $75.33
Explanation:
First find the total costs of a round of golf for the entire season:
= Fixed costs + Variable costs
= 30,000,000 + (17 * 600,000 rounds)
= $40,200,000
They would like to earn 10% on 50,000,000 which is $5,000,000
The revenue should therefore be:
= Costs + Expected return
= 40,200,000 + 5,000,000
= $45,200,000
Price per round to achieve this:
= Revenue / Rounds of golf
= 45,200,000 / 600,000
= $75.33
Courts interpreting the Constitution
Answer: Sam must report $700,000($900,000 - $200,000) for tax purposes.
Explanation:
Because Sam is the sole shareholder of Silver, and has a basis of $200,000 in his stock. Once Silber distributes $900,00to Sam on December 31
Answer:
$29,400; $29,400 and $18,400
Explanation:
Value of parcel of land = $69,800 with a basis = $58,800
Harry's basis is equal to cash contributed which is $29,400
Hermione's basis is equal to cash contributed which is $29,400
Ron's basis = Basis of parcel of land - Mortgage value
= $58,800 - $40,400
= $18,400
