Ansel purchased raw land three years ago for $210,000 to hold as an investment. After watching the value of the land drop to $152,000, he decided to contribute it to Mountainside Developers LLC in exchange for a 5 percent capital and profits interest. Mountainside plans to develop the property and will treat it as inventory, like all the other real estate it holds. a. If mountains sells the property for 150000 after holding it for one year how much gain or loss does it recognise and what is the character of gain and loss?
b. If mountains sells the property for 125000 after holding it for two year how much gain or loss does it recognise and what is the character of gain and loss?
c. If mountains sells the property for 150000 after holding it for six year how much gain or loss does it recognise and what is the character of gain and loss?

For each example identify the most appropriate ctso

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

An object that is clicked on and takes the presentation to a new targeted file is done through a