Answer:
$15,000
Explanation:
Calculation to determine Clark's gain or loss on the sale of his partnership interest
First step is calculate The amount realized
Using this formula
Amount realized = ( Cash received + Relief of debt)
Let plug in the formula
Amount realized=$30,000+$25,000
Amount realized=$55,000
Now let determine Clark's gain or loss on the sale of his partnership interest using this formula
Capital gain=Amount realized-Partner's basis in the partnership
Let plug in the formula
Capital gain =$55,000 − $40,000
Capital gain =$15,000
Therefore Clark's gain or loss on the sale of his partnership interest is $15,000
Answer:
In a multidimensional organization, the firm uses different criteria on several levels, reported at the same time, to track its performance.
Explanation:
Managers in a multidimensional organization have common goals. The management process prioritizes decision making
The three stances are the neutral fiscal stance, which occurs when the budget is well balanced and the economy is in equilibrium; then there's the<span> expansionary fiscal stance in which the spending exceeds tax revenues, which occurs usually during hard periods such as recessions; and the final stance is </span><span>the contractionary fiscal stance, in which the government spends less than what the tax revenue is. </span>
Answer:
e. fall; greater than; falls
Explanation:
Demand is price elastic if a small change in price has a greater effect on the quantity demanded. The coefficient of elasticity is usually greater than one which indicates that the percentage change in quantity demanded is greater than the percentage change in price.
Elasticity of demand = percentage change in quantity demanded/ percentage change in price
If demand is elastic, an increase in price leads to a fall in quantity demanded and total revenue falls.
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