Tpw, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in february. the purchaser paid $75,000 cash at closing and gave tpw an interest-bearing note for the $675,000 remaining price. in august, tpw received a $55,950 payment from the purchaser consisting of a $33,750 principal payment and a $22,200 interest payment. in the first year after the year of sale, tpw received payments totaling $106,900 from the purchaser. the total consisted of $67,500 principal payments and $39,400 interest payments a. compute tpw's gain recognized under the installment sale method. b. compute tpw's tax basis in the note at the end of the year complete this question by entering your answers in the tabs below required a required b compute tpw's gain recognized under the installment sale method. (round gross profit percentage to 2 decimal places and final answer to the nearest whole dollar amount.)

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)