Answer:
a. $24,000
b. $9,000
Explanation:
a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest
In the given case, the partnership interest is $45,000 and the share of his loss is $24,000
So, $24,000 is reported in his individual income tax return
b. The computation of the Wilson's basis in his partnership interest is shown below:
= Basis in his partnership interest - share of the loss - cash distribution received from the partnership
= $45,000 - $24,000 - $12,000
= $9,000
Answer:
25th house's Marginal cost is $250,000.
Explanation:
Given:
Total cost of 24 houses = $4,800,000
Total cost of 25 houses = $5,050,000
Marginal cost = ?
Computation of marginal cost:
Marginal cost = Change in total cost
Marginal cost = Total cost of 25 houses - Total cost of 24 houses
Marginal cost = $5,050,000 - $4,800,000
Marginal cost = $250,000
So, we say that 25th house's marginal cost will be $250,000 .
Answer: Human capital
Explanation: In simple words, human capital refers to the economic value that arises due to the knowledge, skills and experience of the labor in an economy.
In the given case, European union is aiming to provide better education and vocational knowledge to the young labor of the economy so they contribute to the continuously lowering GDP.
Hence from the above we can conclude that the correct option is A.
Answer:
D. bank reconciliation.
Explanation:
A bank reconciliation mainly computed by an accountant, gives the difference between the balance in relation to the bank statement and the cash balance with respect to the accounting records of the depositor in a particular financial institution.
In Financial accounting, a bank statement can be defined as an official summary or list of financial transactions, which typically comprises of the amount of money that has been paid into or withdrawn from an account by an individual or business entity over a specific period of time.
Generally, a bank statement usually has the following information charges, deposits, withdrawals, including the opening and closing balance for each account held at a given the period. Thus, bank customers are advised to frequently reconcile their records with bank statements in order to prevent not-sufficient funds (NSF) checks.
A not-sufficient funds (NSF) checks refers to a check that isn't honored by the bank of the issuer due to the fact that the individual or business entity has an insufficient fund. It is also known as a bounced or bad check.
In conclusion, a bank reconciliation is an internal report that is prepared in order to verify the accuracy of both the bank statement and the cash accounts of a business or individual.
Answer:
x = 
or 
Explanation:
The cardboard box is in the shape of a cube. The surface area of the box is given by:
S = 6
To find the inverse, we have to solve for x. To solve for x means we will make x the subject of the equation above
Divide both the right and left hand side by 6, we have:
6 ÷ 6 = S ÷ 6 ⇒ = 
=
Take the square root for both the right and left hand side, we have:
= 
⇒ x =
x = or
Therefore, x is equivalent to the square root of (S/6)
