Find what is the dollar amount of income

Assignment Help Financial Accounting
Reference no: EM132642700

Problem 1: London purchased a piece of real estate last year for $84,900. The real estate is now worth $100,900. If London needs to have a total return of 0.24 during the year, then what is the dollar amount of income that she needed to have to reach her objective? Round to two decimal places.

Reference no: EM132642700

Questions Cloud

ITECH2301 Network Design Assignment : Network Design Assignment - Describe the technologies and architecture of LANs, Wireless LANs and WANs. Identify the principles of LAN design
Which bond usually will have a higher liquidity premium : Which bond usually will have a higher liquidity premium: one issued by a large company or one issued by a small company? Explain in detail.
What is f assuming semi-annual compounding : Suppose the yield curve is as shown below. Assuming semi-annual compounding, what is f(2,4)? 1 year spot rate: 3.20%. 2 year spot rate: 3.35%
Why bank reconciliation statement need to be reconcile : Generally explain what factors differentiate Shah&Shah form partnership. Why bank reconciliation statement need to be reconcile.
Find what is the dollar amount of income : If London needs to have a total return of 0.24 during the year, then what is the dollar amount of income that she needed to have to reach her objective?
Calculate the balance of the deferred tax assets : Calculate the balance of the deferred tax assets and deferred tax liabilities at 30 June 2019 and 30 June 2020 for Kali Ltd, in accordance with AASB11
Explain the accumulated depreciation lines and inventories : Explain the Accumulated Depreciation lines and Inventories? Noncurrent assets: Long-term loan re Accumulated depreciation (360,000+480,000- 400,000+24,000)
Write about the differences and similarities of mentoring : Write about the differences and similarities of mentoring and coaching with a specific reference to their contribution in leading change
Describe the technology and information use : From a criminal justice management perspective, explain what you believe is most important to least important from the following areas: recruitment, training.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Traditional present value analysis and real option analysis

Determine the value of the option for the Snyder Company by delaying its investment for one year. Consider the value of the option is the difference between traditional present value analysis and real option analysis. The initial investment is for $7..

  Prepare the appropriate journal entries from the purchase

Assume significant influence was acquired. Prepare the appropriate journal entries from the purchase through the end of the year.

  Determine the total amount received from brook company

Given the following transactions engaged in by Fournier Company, prepare journal entries and, assuming the periodic inventory system, determine the total amount received from Brook Company.

  Discuss an explanation that is not consistent with the EMH

Value. You analyzed the returns of a sample of stocks. You found that, on average, the firms with high E/P ratios have higher subsequent returns. (i) Discuss an explanation for this pattern that is consistent with the EMH. (ii) Discuss an explanation..

  Compare the objectives of auditing at the beginning

Compare the objectives of auditing at the beginning of the century to the objectives of auditing today. What are two significant contributions

  What amount should darien report for infrastructure

On the statement of net assets at December 31, 2005, what amount should Darien report for infrastructure under the governmental activities column?

  Cpa in public practice

Assume that you are a CPA in public practice

  Compute the depreciation expense to be reported for 2011

What is the impact on the cost of the machine of the interest paid on the 10 percent note? Under what circumstances can interest expense be included in acquisition cost?

  Compute the unit product cost in each year

Prepare a contribution format variable costing income statement for each year.- Compute the unit product cost in each year under absorption costing.

  How many potted roses plants must flores roses sell

Flores owned by Livia, provides a variety of rare roses bushes to local nurseries that sell livias roses to the end consumer ( landscapers and retail customers ). Livia grows the roses from cutting that she has specifically cultuvated for their unusa..

  What is the estimated fair value of the trade name

Concord determines that the appropriate discount rate for this estimation is 5%. To the nearest dollar, what is the estimated fair value of the trade name?

  Use of a mid-market pricing convention

Is it appropriate to record a gain or loss at the inception of the contract as a result of the use of a mid-market pricing convention?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd