On June 11 of Last Year,Derrick Sold Land with a Cost

question 17

Multiple Choice

On June 11 of last year,Derrick sold land with a cost of $15,000 for $45,000.Derrick collected $20,000 last year and is scheduled to receive $5,000 each year for five years starting this year plus an acceptable rate of interest.Derrick receives the $5,000 installment required this year.Derrick's recognized gain this year is

• A)$0.
• B)$1,667.
• C)$3,333.
• D)$5,000.

Grasp the essentials of academic writing, including citing sources and avoiding plagiarism.

Appreciate the process of drafting, revising, and editing in creating coherent and impactful written work.

Acknowledge the different citation formats and their appropriate use in academic writing.

Recognize the value of peer review and feedback in refining presentations and written work.

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Definitions:

Semi-Peripheral

Refers to countries that occupy an intermediate position in the global economic system, neither fully core nor fully peripheral.

Core Regions

Areas that dominate a country or region's economy, politics, and culture, often having advanced technological development and high levels of productivity.

Wallerstein's Theory

Refers to the world-systems theory, which analyzes the world economy as a complex system structured by capitalist exploitation and nation-state competition.

Cultural Domination

The imposition of the customs, behaviors, practices, and beliefs of one culture over another, often resulting in the suppression of the dominated culture's values.