Answer:
$10,000
Explanation:
Gifts are only taxed when their fair market value is higher than $15,000. Any gifts made to your spouse are not taxable. Gift taxes are calculated on a per person base, as long as they do not exceed the lifetime exemption (which is $11.58 million).
The tuition costs of her niece are not taxable since they are less than $12,000. The stocks given to his wife are not taxable either. The only taxable gift is the land given to his sister which had a FMV of $25,000. The taxable amount = $25,000 - $15,000 = $10,000
Your parents give you a large set of instructions and ask you to watch your brother for the evening. There is no collaboration in this situation.
An agreement between two or more persons to manage a business's operations and divide its assets and liabilities is known as a partnership. In a general partnership corporation, the assets and liabilities are divided equally among all of the partners.
By definition, a partnership firm consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses. Examples of common partnership businesses include law firms, medical groups, investment real estate companies, and accountancy groups.
Two or more persons are required. An agreement is required. The firm must distribute its gains. There has to be reciprocal agency.
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Answer and Explanation: Under the given case or scenario, we can state that Simon is at the step of gathering the facts, information and data and therefore organizing these facts. Here, in this case it is provided that Simon is a trainer that on meeting with his team wishes to discuss the fact that there is a need of senior engineers training the new engineers.
Answer:
Inventory cycle = <u>Inventory </u> x 365 days
Cost of goods sold
Inventory cycle = <u>$75,000</u> x 365 days
$360,000
= 76.04 days
Receivable days = <u>Accounts receivable</u> x 365 days
Sales
= <u>$160,000</u> x 365 days
$600,000
= 97.33 days
Payable days = <u>Accounts payable</u> x 365 days
Cost of sales
= <u>$25,000 </u> x 365 days
$360,000
= 25.35 days
Cash conversion cycle
= Inventory cycle + Receivable days - Payable days
= 76.04 days + 97.33 days - 25.35 days
= 148.0 days
Explanation:
Cash conversion cycle is calculated as raw inventory cycle plus receivable days minus payable days. Inventory cycle is the ratio of inventory to cost of goods sold multiplied by number of days in a year. Receivable days refer to the ratio of accounts receivable to sales multiplied by number of days in a year. Payable day is the ratio of accounts payable to cost of goods sold multiplied by number of days in a year.
Answer:
A substantial enough connection with the state.
Explanation:
Since in the question it is mentioned that the Liu filed a suit for Macro sales in a state court that depends upon a website in order to do a business between the New jersey residents and macro. The court also exercise the jurisdication above Macro as if the site interactivity i.e output is depend upon the inputs done seen as sufficient connection with the state
The same is to be considered
