Taylor has owned and occupied her personal residence (adjusted basis of $190,000) for four years. in april 2015, she sells the residence for $300,000 (selling expenses are $20,000). on the same day as the sale, taylor purchases another house for $350,000. because of noisy neighbors, she sells the new house after just 10 months. the selling price is $483,000 (selling expenses are $18,000).

what is taylor’s recognized gain on the sale of the first residence?

what is taylor’s basis for her second residence?

what is taylor’s recognized gain on the sale of the second residence?

assume instead that the sale of the second residence was due to taylor’s job transfer to another state. what is her recognized gain on the sale of the second residence?

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer