As per the given information, Win Corporation and Mr. Yang formed a partnership, in which Yin is the general partner and Yang is the limited partner. Therefore, the building had a built-in gain of $200,000. Yang's tax basis in his partnership interest is $500,000.
Yin contributed $400,000 cash, and Yang contributed a building with a $500,000 FMV and $300,000 tax basis. The partnership immediately borrowed $600,000 of recourse debt.Yan's tax basis in his partnership interest after the contribution of the building is $500,000.A limited partner in a partnership may contribute any kind of asset to the partnership. The tax basis of the property or assets contributed to the partnership is its initial cost.
A partner's tax basis in a partnership interest is computed as the sum of all amounts paid into the partnership (i.e., cash, property, or services) plus the partner's share of any partnership debt. If the partner receives a distribution of partnership assets, the partner's basis is decreased by the amount of the distribution.In this case, Yang contributed a building with a fair market value of $500,000 and a tax basis of $300,000.
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
a(n) __________ is a suite of business applications that allows companies to integrate information across operations on a company-wide basis.
Enterprise Resource Planning (ERP) is a suite of business applications that allows companies to integrate information across operations on a company-wide basis.
Enterprise Resource Planning (ERP) is a software system that helps businesses manage and integrate various aspects of their operations. It provides a centralized platform for companies to streamline and automate their key business processes, including finance, human resources, supply chain management, manufacturing, customer relationship management (CRM), and more.
Some key features and benefits of ERP include:
Centralized database: ERP systems store data in a centralized database, eliminating data duplication and ensuring data consistency across different departments. Process automation: ERP automates routine and repetitive tasks, such as order processing, inventory management, payroll, and financial reporting. Improved planning and forecasting: ERP provides tools for demand planning, production scheduling, inventory optimization, and financial forecasting.Enhanced collaboration and communication: ERP systems facilitate seamless collaboration and communication between different departments and teams. Information sharing becomes easier, leading to improved coordination and teamwork.Regulatory compliance: ERP systems often include features to ensure compliance with industry regulations and financial standards.Learn more about management here : brainly.com/question/32216947
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Each account that is used can be classified as an asset. True or False
Answer: I believe your answer will be TRUE.
This imb21028 is a subjective question, hence you have to write your answer in the Text-Field given below. 76771 What are the different styles used to decide the order of story?
Story sequence is vital to engaging the audience and delivering the tale. Story order is determined by various methods. Common styles:
Chronological Order: This is the simplest approach, where events are presented in order. The story is linear.
Flashbacks/Flashforwards: Presenting events out of order. Flashbacks show past events and flashforwards future occurrences. They build suspense and character.
Nonlinear/Narrative Jumping: Rearranging the story's sequence to make it more interesting. It can switch views or historical periods, creating a multilayered plot.
Framed Narrative: A story within a story. A character recounts events to another character or in a diary, producing numerous layers of storytelling.
Parallel tales: This approach weaves many tales together. It promotes connectivity and character exploration.
Narrative goals, themes, and audience influence determine storytelling style. Different styles enhance storytelling by adding suspense, perspective, and emotion.
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6.1.2 Exam
Which of these is a nonstore retailer?
A. Nail Salon
B. Supermarket
C. Coffee Shop
D. Catalog
Answer:
d
Explanation:
Selling products and services outside of a physical store is known as non-store retailing. Catalog is a nonstore retailer. Thus, option 'D' is the correct option.
What is a nonstore retailer?Selling products and services outside of a physical store is known as non-store retailing. It is a general phrase used to describe retailing that occurs outside of stores and shops (that is, off the premises of fixed retail locations and of market stands). Direct selling (off-premises sales) and distance selling, the latter of which includes all types of internet commerce, can be classified as the non-store distribution channel. Mail orders, catalog sales, telephone cold calling, and automated vending all fall under the category of distance selling.
Electronic commerce encompasses online shopping, internet trading platforms, travel portals, worldwide distribution networks and teleshopping. All types of selling at consumers' homes, businesses, and even garage sales are considered direct selling. Non-store retailing, commonly known as home shopping or online shopping, constantly experiences double-digit growth.
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Marcus set a goal to buy a used car in the next few months. He plans to make a $2,500
down payment and has already saved $1,300. If he can save $150 each month for this goal
to buy a car, how long will it take him to save the entire $2,500?
If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids. What is the change in quantity demanded?
Answer:
12
Explanation:
At the price of $24, the demand is 36
At the price of $30, the demand is 24
change in quantity demanded
= 36-24
= 12
Why is flexibility the most obvious benefit of road transportation? (Select all that apply.)
Transportation companies can employ driving teams of two drivers in the same truck to increase haul times and daily mileage.
Trucks can go anywhere that there are roads.
Truck shipments are impervious to weather conditions like fog, ice, heavy rain, and snow.
Transportation companies can set up systems for having a truck driver approaching his or her maximum driving hours take freight to a drop location where a fresh driver can pick it up and continue on with it.
Answer:
Trucks can go anywhere that there are roads.
Explanation:
Road transport is considered flexible due to the extensive road network. Practically, they are roads almost everywhere including, cities, estates, and villages. As long as there is a road, trucks will get there. Road transport will reach almost any destination as long as there is a road. This is the reason road transport is flexible.
Your uncle has $300,000 invested at 7.5%, and he now wants to retire. He wants to withdraw $35,000 at the end of each year, beginning at the end of this year. He also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. What is the maximum number of $35,000 withdrawals that he can make and still have at least $25,000 left in the account
Answer:
14.96
Explanation:
Calculation to determine For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end
Using financial calculator to determine the Number of years
I/YR= 7.50%
PV=$300,000
PMT=$35,000
FV=$25,000
N=?
Hence,
N=14.96 years
Therefore For how many years can he make the $35,000 withdrawals and still have $25,000 left in the end will be 14.96 years
PLS NEED HELP IM BEHIND BAD
Answer:
The first answer
Explanation:
Just took it
How do banks benefit from giving
people loans?
Answer:
Banks benefit from giving people loans in several ways:
1. Interest income: Banks charge borrowers interest on the loans they provide, which generates income for the bank. This interest income is one of the primary ways that banks make money.
2. Fees: In addition to interest, banks may also charge fees for loan origination, late payments, prepayments, and other services related to the loan. These fees also generate income for the bank.
3. Reduced risk: When banks give loans, they typically require collateral or perform credit checks to ensure that the borrower can repay the loan. This reduces the risk of default and loss of the principal loan amount.
4. Relationship building: Giving loans can help banks build relationships with customers and foster loyalty. Customers who are happy with their loans and overall experience with the bank may be more likely to use other banking services in the future, such as savings accounts, credit cards, and investment products.
5. Economic growth: By providing loans to individuals and businesses, banks can help stimulate economic growth by enabling people to buy homes, start businesses, and invest in new ventures. This can benefit the bank and the broader economy over the long term.
if we asked you to calculate the return on investment of this purchase, which metrics would you use?
I would employ the ROI (Return on Investment) statistic, which is determined by multiplying the net profit by the investment cost by 100. This gauges an investment's profitability in relation to its cost.
ROI, a widely used financial term, is used to evaluate an investment's effectiveness and profitability. It aids investors in deciding if an investment is worthwhile and offers a sufficient return. The ROI metric, which is calculated by multiplying the net profit by the investment cost by 100, is what I'd use. This measures the profitability of an investment in proportion to its cost. When the ROI is positive, the investment is lucrative; when it is negative, the investment has suffered a loss. ROI may be used to compare investments with various durations, risks, and quantities. It does not, however, take into account things like the time worth of money or other intangible advantages or disadvantages.
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If Al Maha Company decided to provide a three-year warranty against manufacturer's defects. Based on past experience with similar products, warranty costs are expected to be approximately 3% of sales during the first year, 2% of sales during the second year and 1% sales during the third year. On December 31, 2019, the company reported sales to be QAR 1,900,000. How much the amount of "Warranty expense" that Al Maha Company should report? A. QAR 76,000. B. QAR 57,000. C. QAR 95,000. D. QAR 114,000.
Answer:
D. QAR 114,000
Explanation:
Calculation for How much the amount of "Warranty expense" that Al Maha Company should report
Using this formula
Warranty expense=[(First year expected warranty costs*Sales)+(Second year expected warranty costs*Sales)+(Third year expected warranty costs*Sales)]
Let plug in the formula
Warranty expense=[(3% 1,900,000)+(2%* 1,900,000)+(1%*1,900,000)]
Warranty expense=57,000+38,000+19,000
Warranty expense=QAR 114,000
Therefore the amount of "Warranty expense" that Al Maha Company should report will be QAR 114,000.
Will mark brainliest !!
Which of these is true about the national unemployment rate?
A. All people 18 years or older are counted as part of the labor force.
B. It is always at 6%.
C. All citizens are included in the labor force.
D. It is never at zero.
It is never at zero is true about the national unemployment rate. Hence, option D is correct.
What is national unemployment rate?The unemployment rate is defined as the proportion of the civilian labour force that lacks employment. The labour force is made up of all people who are working age and either employed or jobless.
The unemployment rate is the percentage of jobless people in the labor force. Therefore, knowing who is employed is essential for determining the unemployment rate. The labor force is made up of people who are either employed or unemployed.
The unemployment rate is the proportion of the work force that is unemployed. Because it is a trailing indicator, it frequently increases or decreases in response to changes in economic conditions rather than anticipating them.
Thus, option D is correct.
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Project Data
Mowgli Corporation adjusted trial balance for fiscal year ending December 31, 2019.
Dr.
Cr.
Cash
$21,000
Accounts Receivable
$102,000
Inventory (beginning)
$20,000
Estimated Returns Inventory
$5,000
Land
$9,000
Office equipment
$22,000
Accumulated Depreciation-equip.
$20,000
Building
$233,000
Accumulated Depreciation-Bldg.
$94,000
Patent
$16,000
Accounts Payable
$73,000
Customer Refunds Payable
$2,000
Interest Payable
$14,000
Unearned Revenue
$22,000
Notes Payable
$100,000
Capital
$80,000
Drawings
$29,000
Sales
$206,600
Purchases
$106,000
Purchases Returns and Allowances
$1,000
Purchase Discounts
$500
Freight-in
$300
Insurance Expense
$6,000
Interest Expense
$8,000
Repair Expense
$5,000
Salaries Expense
$17,600
Advertising Expense
$1,200
Depreciation Expense
$11,000
Utilities Expense
$1,000
$613,100
$613,100
Other Information:
Inventory on hand at December 31, 2019 is $55,000 (Hint: this is ending inventory).
Estimated Returns Inventory increased $2,000 (Hint: Include in COGS and Closing Entry).
Administrative expenses include: Insurance, Repair, Utilities, and Depreciation.
Selling expenses include: Advertising and Salaries.
$50,000 of the Notes Payable is payable next year (Hint: classified as current).
Answer:
21,000
Explanation:
ECONOMICS
Imagine that you are the owner and operator of a burrito food truck. What tools and strategies would you use to correctly forecast the price of burritos to avoid surpluses or shortages?
Explanation:
As the owner and operator of a burrito food truck, I would use a combination of tools and strategies to correctly forecast the price of burritos and avoid surpluses or shortages. Here are some of the tools and strategies that
I would use:
1. Historical Sales Data: I would use historical sales data to analyze trends and patterns in burrito sales. This would help me to identify peak sales periods, slow sales periods, and other factors that could impact the demand for burritos.
2. Market Research: I would conduct market research to understand the preferences and behaviors of my target customers. This would help me to identify factors that could impact the demand for burritos, such as changes in consumer tastes, economic conditions, and competitive pressures.
3. Cost Analysis: I would conduct a cost analysis to understand the costs associated with producing and selling burritos. This would help me to determine the minimum price that I would need to charge in order to cover my costs and make a profit.
4. Inventory Management: I would use inventory management tools to track the ingredients and supplies that I use to make burritos. This would help me to avoid shortages or surpluses of ingredients, which could impact the quality of my burritos and my ability to meet customer demand.
5. Pricing Strategies: Based on the data and insights that I gather from the above tools and strategies, I would develop pricing strategies that are tailored to my target customers and the market conditions. For example, I might adjust my prices based on the time of day, day of the week, or season of the year.
6. Forecasting Tools: I would use forecasting tools to predict the demand for burritos based on historical data, market trends, and other factors
As the owner and operator of a burrito food truck, there are several tools and strategies that you can use to correctly forecast the price of burritos and avoid surpluses or shortages. Here are some examples of Sales history, Market research, and Cost analysis.
Use your sales history to determine how many burritos you typically sell on a given day and at what price. This data can help you forecast demand and set prices accordingly.
Conduct market research to understand the current trends in the food industry, including the prices of similar food items in your area. This can help you determine competitive pricing and adjust your prices accordingly.
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You have opened a for-profit adult technical school and you want to advertise it to potential students throughout your state.
Which marketing method would be most appropriate?
Question 2 options:
Local Television Ad
Social Media
Email
Distribute Flyers
Thxz For your help
Advertisement strategy to opt for opening a for-profit adult technical school to its potential students throughout the state will be Social Media. Option B is correct.
What is social media?Social media refers to methods of communication where individuals produce, share, and/or exchange knowledge, business ideas, advertise products & services and concepts in online groups and networks.
The primary accounts on available by various social media apps which are managed by the Office of Communications and Marketing.
Social media is used by billions of people worldwide to connect and share information. Social media gives you the personal freedom to interact with loved ones, advertisement, product promotion learn new things, explore new interests, and be entertained.
Thus social media is important tool in advertising to potential school students.
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the magnitude of operating leverage for perkins corporation is 4.5 when sales are $100,000. if sales increase to $110,000, profits would be expected to increase by what percent? a. 4.5% b.14.5% c.45% d.10%
It would be anticipated that the profit would rise by 45%. The appropriate response to the given question is option (c).
What is Operating Leverage?The percentage of a company's cost structure that is made up of fixed expenses as opposed to variable costs is measured by operating leverage. A corporation is said to have more operating leverage if its fixed expenses are higher than its variable costs.
Magnitude of operating leverage= 4.5
Old sales= $100000
New sales= $110000
Percentage increase in sales:
(New-old)/old = (110,000-100,000)/100,000
= 10%
Consequently, a percentage rise in profit might be anticipated:
sales percentage growth times the degree of operational leverage
= 10% * 4.5
= 45%
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In which type of business would you NOT need to require the owner's personal guarantee in order to depend on that owner for repayment of a loan to the business?
A) C corporation
B) Sole proprietorship
C) Trust
D) S corporation
In general, lenders will require a personal guarantee from the owner of the business when extending credit to the business. This is because the personal guarantee provides additional security to the lender in case the business is unable to repay the loan.
However, there may be certain types of businesses where a personal guarantee is not required or may be less important for the lender. For example, in the case of a publicly-traded company with a strong credit rating and large asset base, a lender may be more willing to extend credit without requiring a personal guarantee.
That being said, among the options provided in the question, the type of business where a personal guarantee would be least necessary is a trust. This is because trusts are separate legal entities that can own assets and incur liabilities independent of their individual beneficiaries or trustees.
If a trust were to borrow money, the lender would typically look to the assets of the trust to secure the loan rather than requiring a personal guarantee from the trustee or beneficiary.
However, it's worth noting that the specific circumstances of each situation can vary, and a lender may still require a personal guarantee even for a trust, especially if the trust has limited assets or a weaker credit profile.
Therefore, it's important to carefully review the terms of any loan agreement and seek professional advice before agreeing to provide a personal guarantee.
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What are the two types of INCOME taxes taken out of your paycheck?
A) State and Federal
B) Social Security and Local
For the past several decades in the United States, ___________ Incorrect has fluctuated much more than consumption.
Consumption, disposable income, and real GDP are closely linked and have been fairly steady over the past several decades. Investment, on the other hand, is quite volatile—much more so than consumption or real GDP.
For the past several decades in the United States, investments has fluctuated much more than consumption. The right answer is A.
The national accounts, which track economic growth and fluctuations, are used by economists to calculate the size of the economy. These tactics fall short of completely eliminating shocks to people's consumption due to people's restrictions on how much they can borrow and their lack of willpower.
Spending on investments by businesses and families varies more than consumption does. Despite the fact that consumption accounts for a far larger share of output than investment does, current investment responds to changes in the economy much more sharply than current consumption does because people tend to level out their consumption levels over time.
The correct answer is option A.
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The question seems incomplete. The complete question is:
For the past several decades in the United States, _________ has fluctuated much more than consumption.
A. Investments
B. real GDP
C. disposable income
evaluating the likelihood of the most disruptive events to a firm's operations is a basic part of .
Risk management is a fundamental component of business activities, especially those that are most disruptive.
Risk management is basically refers to the process of identifying, highlighting, assessing, and prioritizing potential some kind of risks to a firm's operations and taking steps to minimize their impact. This involves evaluating the likelihood of various events that could disrupt the firm's operations, such as natural disasters, market changes, technological failures, and more. By identifying and assessing these risks, the firm can create contingency plans and take other steps to minimize the potential impact of these events, reducing the overall risk to its operations.
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compare and contrast reference theory of meaning and idea theory of meaning
Explanation:
Reference theory of meaning is a philosophical thought that believes the meaning of a word or acronym is doing in what it points out in the world. But the idea theory of meaning feels the meaning of a word or acronym lies in the group it represents.
For example, the meaning of the term would be seen as relating to illnesses and viruses as well as number of years from the point of view of idea theory of meaning. While the reference theory of meaning would allude the meaning using proper reference to the illness (Coronavirus) that caused the disease.
What does ceteris paribus mean?
Answer:
rat
Explanatio
Maricopa's Success scholarship fund receives a gift of $ 200000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25% interest, bonds pay 4.3 % interest, and stocks pay 9.6% interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 11747.5, how much was invested in each account? Maricopa Success invested $___ in stocks. Maricopa Success invested $ ___ in bonds
Maricopa Success invested $ ____ in CDs.
Maricopa Success invested $181747.46 in stocks, $764126.27 in bonds, and $754126.27 in CDs.
Let x be the amount invested in CDs. Therefore, the amount invested in bonds is x + 10000.
Since the total amount invested in the three accounts is $200000, then the amount invested in stocks is 200000 - (x + x + 10000) = 180000 - 2x - 10000 = 170000 - 2x.
The annual income from CDs is given by 4.25/100x, the annual income from bonds is given by 4.3/100(x + 10000), and the annual income from stocks is given by 9.6/100(170000 - 2x).
Thus, the equation that models the total annual income from the three investments is:
4.25/100x + 4.3/100(x + 10000) + 9.6/100(170000 - 2x) = 11747.5
Multiplying by 100 to get rid of the percentage, we have:4.25x + 4.3(x + 10000) + 9.6(170000 - 2x) = 11747500
Simplifying the equation above:
4.25x + 4.3x + 43000 + 1632000 - 19.2x = 11747500
15.35x = 11747500 - 43000 - 1632000
15.35x = 11571500x = 754126.27
Therefore, the amount invested in CDs is $754126.27, the amount invested in bonds is $764126.27, and the amount invested in stocks is $181747.46.
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Which action will most improve a workers attitude
Answer:
to always
Explanation:
smile and be on there best behavior
Answer:
be a responsible worker
The total cost transferred out of work in process inventory into finished goods inventory is:__________
The total cost transferred out of work in process inventory into finished goods inventory is: cost of goods manufactured.
What is the cost of good manufactured?This is the term that is used to tell us during the inventory process that the business is taking the stock of the total cost of the goods that they have created during a specific period of time.
This term is used in managerial accounting. Hence we can say that: The total cost transferred out of work in process inventory into finished goods inventory is: cost of goods manufactured.
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What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400
Answer:
$175
Explanation:
The change in non-cash working capital that would appear on the cash flow statement is calculated as:
Increase in accounts receivable -$800
Decrease in inventories $350
Decrease in prepaid expenses $225
Increase in accounts payable $400
______
Change in Non-Cash Working Capital --) $175
Hope my answer is helpful :)
The net change in non-cash working capital that would appear on the cash flow statement is $175.
Increase in accounts receivable ($800)
Add Decrease in inventories $350
Add Decrease in prepaid expenses $225
Add Increase in accounts payable $400
Change in Non-Cash Working Capital $175
Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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How did Ray conduct marketing-information management?