Answer:
$1,032
Explanation:
Calculation for the corporation's tax basis in the property received in the exchange
Based on the information given we were been told that he made a transfer of property with a TAX BASIS of the amount of $965 which as well include a FAIR MARKET VALUE of the amount of $67 which simply indicates or means that the amount of $1,032 ($965+$67) is the tax basis amount of the property that was received in the exchange.
Tax BASIS =Tax basis +Fair market value
Tax BASIS=$965+$67
Tax BASIS=$1,032
Therefore the corporation's tax basis in the property received in the exchange will be $1,032.
Answer:
YTM = 0.070616 or 7.0616% rounded off to 7.06%
Explanation:
The yield to maturity or YTM is the yield or return that an investor can earn on the bond if the bond is purchased today and is held till the bond matures. The formula to calculate the Yield to maturity of a bond is as follows,
YTM = [ ( C + (F - P / n)) / (F + P / 2) ]
Where,
- C is the coupon payment
- F is the Face value of the bond
- P is the current value of the bond
- n is the number of years to maturity
Coupon payment = 1000 * 0.08 = 80
YTM = [ (80 + (1000 - 1110 / 20)) / (1000 + 1110 / 2)
YTM = 0.070616 or 7.0616% rounded off to 7.06%
<span>The velocity of money is not the money supply divided by nominal gdp, nor the long-term growth rate of the money supply. It is not the rate at which the fed puts money in the economy but it is the average number of times per year a unit of money (dollar) is spent. </span>
Answer:
Swifty Corporation, Long-Term Liabilities:
5-year Bonds Payable 9% - $2,900,000
Premium on Bonds Payable - $101,000
Notes Payable (5 yr.) $165,000
Mortgage Payable $187,000
Total $3,353,000
Explanation:
The long-term liabilities are the financial obligations or debt claims on resources which are not due for repayment within the current operating cycle or year.
The 5-year bonds payable is part of the long-term liabilities, including the premium on bonds payable as they will last for more than one year.
Notes Payable with 5 year life is a long-term liability including the mortgage payable that is not due currently.