{
    "key_pair_value_system": true,
    "answer_rating_count": "",
    "question_feedback_html": {
        "html_star": "",
        "html_star_feedback": ""
    },
    "answer_average_rating_value": "",
    "answer_date_js": "2024-06-28T03:46:03-04:00",
    "answer_date": "2024-06-28 03:46:03",
    "is_docs_available": null,
    "is_excel_available": null,
    "is_pdf_available": null,
    "count_file_available": 0,
    "main_page": "student_question_view",
    "question_id": "4234321",
    "url": "\/study-help\/questions\/would-you-please-let-me-know-what-is-the-correct-4234321",
    "question_creation_date_js": "2024-06-28T03:46:03-04:00",
    "question_creation_date": "Jun 28, 2024 03:46 AM",
    "meta_title": "[Solved] Would you please let me know what is the | SolutionInn",
    "meta_description": "Answer of - Would you please let me know what is the correct answer? Robert Graves sold his house to George Tombs for a total of $ | SolutionInn",
    "meta_keywords": "correct,answer,robert,graves,sold,house,george,tombs,total,$,200,000,earnest",
    "question_title_h1": "Would you please let me know what is the correct answer? Robert Graves sold his house to George Tombs for a total of $ 200,000.",
    "question_title": "Would you please let me know what is the correct answer? Robert",
    "question_title_for_js_snippet": "Would you please let me know what is the correct answer  Robert Graves sold his house to George Tombs for a total of $ 200,000  Earnest money of $ 10,000 was received at the end of the year prior to the closing, The remaining $30,000 of the down payment was received at closing  George assumed an $80,000 mortgage on the property and signed a second mortgage for $ 80,000  If Robert's basis was $140,000 the tax results, in part, are as follows  Contract price $160,000  gross profit  37 5   payments in year of sale  $40,000 Contract price $120,000  gross profit  50   payments in year of sale  $40,000 Contract price $160,000  gross profit  37 5   payments in year of sale  $30,000 Contract price $120,000  gross profit  66 7   payments in year of sale  $30,000",
    "question_description": "<p>Would you please let me know what is the correct answer?<\/p> <p>Robert Graves sold his house to George Tombs for a total of $ 200,000. Earnest money of $ 10,000 was received at the end of the year prior to the closing, The remaining $30,000 of the down payment was received at closing. George assumed an $80,000 mortgage on the property and signed a second mortgage for $ 80,000. If Robert's basis was $140,000 the tax results, in part, are as follows:<\/p> <ul> <li>Contract price $160,000; gross profit: 37.5%; payments in year of sale: $40,000<\/li> <li>Contract price $120,000; gross profit: 50%; payments in year of sale: $40,000<\/li> <li>Contract price $160,000; gross profit: 37.5%; payments in year of sale: $30,000<\/li> <li>Contract price $120,000; gross profit: 66.7%; payments in year of sale: $30,000<\/li> <\/ul>",
    "transcribed_text": "",
    "related_book": {
        "title": "Global Strategy",
        "isbn": "0357512367, 978-0357512364",
        "edition": "5th Edition",
        "authors": "Mike W. Peng",
        "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/649592eaa157d_32303.jpg",
        "uri": "\/textbooks\/global-strategy-5th-edition-9780357512364",
        "see_more_uri": ""
    },
    "free_related_book": {
        "isbn": "B08QRKVDFL",
        "uri": "\/textbooks\/financial-independence-retire-early-change-your-future-one-simple-step-at-a-time-1st-edition-979-8582728177-257938",
        "name": "Financial Independence Retire Early Change Your Future One Simple Step At A Time",
        "edition": "1st Edition"
    },
    "question_posted": "2024-06-28 03:46:03",
    "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08",
    "step_by_step_answer": "The Answer is in the image, click to view ...",
    "students_also_viewed": [
        {
            "url": "\/when-the-stock-market-has-a-large-1day-decline-does",
            "description": "When the stock market has a large 1-day decline, does it bounce back the next day or does the bad news endure? To answer this question, an economist examined a random sample of daily changes to the...",
            "stars": 3
        },
        {
            "url": "\/study-help\/psychology-2e\/in-what-sense-can-thorndike-be-considered-a-functionalist-and-1984948",
            "description": "In what sense can Thorndike be considered a functionalist and in what sense can he be considered a behaviorist?",
            "stars": 3
        },
        {
            "url": "\/leslie-baker-an-attorney-had-the-following-transactions-among-others",
            "description": "Leslie Baker, an attorney, had the following transactions (among others) during 20X0, her initial year in law practice: a. On July 1, Baker leased office space for 1 year. The landlord (lessor)...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/ebook-show-me-how-print-item-predetermined-factory-overhead-rate-9841750",
            "description": "eBook Show Me How Print Item Predetermined Factory Overhead Rate Exotic Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/based-on-your-experiences-with-projects-and-teamwork-and-after-5061790",
            "description": "Based on your experiences with projects and teamwork and after your reading, consider potential conflicts that might arise during a project. Pick one that concerns you moving forward. Describe that...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/complete-the-worksheet-one-section-at-a-time-beginning-with-1447936",
            "description": "Complete the worksheet one section at a time, beginning with the Adjustments columns. When completing the Adjustments column, enter a posting reference along with each debit or credit amount that...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/golebiewski-corporation-has-provided-the-following-contribution-format-income-statement-999357",
            "description": "Golebiewski Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (5,000 units) $150,000 Variable...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/find-the-stable-reactor-period-for-the-zeropower-reactor-whose-1029814",
            "description": "Find the stable reactor period for the zero-power reactor whose no response is shown in Figure 1.35 1.3 1.25 1.2  1.15 1.1 1.05 1 0 0.25 0.5 0.75 Time (s) 1 1.25 1.5",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/dolan-products-is-a-small-familyowned-audio-component-manufacturer-several-1011583",
            "description": "Dolan Products is a small, family-owned audio component manufacturer. Several years ago, the company decided to concentrate on only three models, which were sold under many brand names to electronic...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/anova-case-study-the-watch-supervisor-wants-to-know-if-1004010",
            "description": "ANOVA CASE STUDY The watch supervisor wants to know if there is a statistical significance between the working shift's productivity. The following data pertains: 4 PMMidnight 21 Midnight 8 AM...",
            "stars": 3
        },
        {
            "url": "\/study-help\/questions\/the-mckinsey-customer-decision-journey-model-of-consumer-behavior-suggests-1002384",
            "description": "the McKinsey Customer Decision Journey model of consumer behavior suggests that the best thing fter customers make a purchase is: Begin an ongoing and regular process of exposing them to the brand\\'s...",
            "stars": 3
        }
    ],
    "next_back_navigation": {
        "previous": "\/study-help\/questions\/f-4234320",
        "next": "\/study-help\/questions\/which-of-the-following-should-be-reported-for-capital-stock-4234322"
    },
    "breadcrumbs": [
        {
            "name": "Study help",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers"
        },
        {
            "name": "Business",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business"
        },
        {
            "name": "Accounting",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting"
        },
        {
            "name": "Would you please let me know what is the correct answer? Robert",
            "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/would-you-please-let-me-know-what-is-the-correct-4234321"
        }
    ],
    "skill_details": {
        "skill_id": "9",
        "skill_name": "Accounting",
        "parent_id": "1"
    }
}    }
}