Carey exchanges real estate for other real estate in a qualifying like-kind exchange. carey's basis in the real estate given up is $120,000, and the property has a fair market value of $165,000. in exchange for her property, carey receives real estate with a fair market value of $100,000 and cash of $15,000. in addition, the other party to the exchange assumes a mortgage loan on carey's property of $50,000. a. calculate carey's recognized gain, if any, on the exchange. $ b. calculate carey's basis in the property received.

Which two of the following are benefits of consumer programs

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation