Prof. lazy decides to assign final grades in cse 312 by ignoring all the work the students have done and instead using the following probabilistic method: each student independently will be assigned an a with probability θ, a b with probability 3θ, a c with probability 1/2 , and an f with probability 1/2 4θ. when the quarter is over, you discover that only 2 students got an a, 10 got a b, 60 got a c, and 40 got an f. find the maximum likelihood estimate for the parameter θ that prof. lazy used. give an exact answer as a simplified fraction.

According to Section 1031 of Internal Revenue Code, an exchange of like-kind property is referred to as like-kind exchange, if the exchange meets the following criteria:

Step-by-step explanation:

A) Explanation: Since both the properties in exchange are real properties which are used in business, this is a like-kind exchange

B)  

Description                             Amount ($)

Fair market value of bowling alley  120,000

Add: Mortgage value L is relieved off     40,000

Amount realized                      160,000

Less: Adjusted basis             (175:000)

Realized loss by L                       (15,000)

C)Explanation: Since the loss realized is due to exchange, the loss is not recognized.

D)Explanation: Since the loss is not recognized, the character of gain or loss could not be

E)Explanation: The total of realized loss, $15,000 (From Requirement (b)) is deferred.

F)Determine the basis of property acquired in exchange, bowling alley.

Description                         Amount ($)

Fair market value of bowling alley       120,000

Add: Deferred loss                   15,000

Basis of bowling alley                  135,000

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step-by-step explanation:

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