Mrs. o is negotiating to purchase a tract of land from dc company, a calendar year taxpayer. dc bought this land six years ago for $480,000. according to a recent appraisal, the land is worth $800,000 in the current real estate market. according to dc's director of tax, the company's profit on the sale will be taxed at 35 percent if the sale occurs this year. however, this tax rate will definitely decrease to 21 percent if the sale occurs next year. mrs. o is aware that dc would prefer the sale close next year. however, mrs. o needs the land immediately to begin construction of a new retail outlet. she offers to pay $875,000 for the land with the stipulation that the sale close by december 31. should dc accept mrs. o's offer?

Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?

True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?