Sally owns real property for which the annual property taxes are $9,000. she sells the property to kate on march 9, 2017, for $550,000. kate pays the real property taxes for the entire year on october 1, 2017.

(a) how much of the property taxes can be deducted by sally and how much by kate?

(b) what effect does the property tax apportionment have on kate’s adjusted basis in the property?

(c) what effect does the apportionment have on sally’s amount realized from the sale?

(d) how would the answers in parts (b) and (c) differ if the taxes were paid by sally?

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g

Which of the following statements is true about an atm card?