1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreyy89
4 years ago
13

Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $16

0,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits, and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
a.$127,000.
b.$28,000.
c.$118,000.
d.$37,000.
e.$88,000.

Business
1 answer:
Flura [38]4 years ago
3 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
A+student+receives+a+35%+similarity+rate+on+their+lopeswrite+score. +what+does+this+mean+and+what+should+that+student+do+before+
Crazy boy [7]

Answer:

They should make sure it's not like someone else's?

Explanation:

i don't know what you mean by this.

8 0
3 years ago
Which of the following actions can be an example of a signal designed to reduce the impact of asymmetric information? A. A money
VladimirAG [237]

Answer: Option (A) is correct.

Explanation:

From the given options, the following actions can be an example of signal designed to reduce the impact of asymmetric information: <em>Money-back guarantee.</em>

A money-back guarantee can be referred to as an essential that guarantee, if a consumer/individual is not satisfied with commodity or service, refund to the respective account will be made. Money-back guarantee reduces the impact of asymmetric information between a consumer and seller.

5 0
3 years ago
Miranda is an executive for a company that manufactures dental tools. Her company prefers to measure progress by what percentage
kvv77 [185]

Answer: Market Share

Explanation:

Market Share is the the percentage of the total market that a business or a product controls.

For a company, it is the ratio of the company's total sales to the total sales of the industry it operates in. For example, if Miranda's company made a total sales of $10 million and the dental tool market is worth $100 million, Miranda's company controls 10% of the market and has 10% market share.

7 0
3 years ago
At the beginning of the current accounting period Blazer Company had a $40,000 balance in its Finished Goods Inventory account.
Salsk061 [2.6K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory= $40,000

During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 40,000 + 280,000 - 42,000

COGS= 278,000

4 0
3 years ago
During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wage
Salsk061 [2.6K]

Answer:

D.$3,950

Explanation:

Production = ($10,285 + $9,800 + $8,800) ÷ 5,450units

=$28,885÷5,450 units

= $5.3per unit

COGS = 3,300 units sold × $5.3 per unit

= $17,490

Net income = Revenue − Cost of goods sold − Selling and administrative expenses

Net income = (3,300 units × $7.80 per unit) − (3,300 units sold × $5.3per unit) − $4,300

=(25,740-17,490)-$4,300

= 8,250-$4300

=$3,950

Therefore Silverman's net income for the first year in operation is $3,950

4 0
3 years ago
Other questions:
  • explain how mtumi can apply concentric, horizontal and conglomerate diversification. give examples to support your answer
    10·1 answer
  • A product that cannot be perceived by the senses is called an _____ product.
    14·1 answer
  • Goods lawfully bearing trademarks or using patents and copyrighted material but entering the American markets without authorizat
    9·1 answer
  • Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises
    14·1 answer
  • Your study partner is having trouble getting total debits to equal total credits in the trial balance. Trial Balance Accounts De
    9·1 answer
  • Which of the following best explains why the demand for housing is more flexible than the supply? A. New housing developments ar
    14·2 answers
  • SWOT analysis is a framework for analyzing the internal and external environment of a company. It consists of strengths, weaknes
    10·1 answer
  • Suppose the demand curve for a product is given by Q = 11 - 2P + 3Ps Where P is the price of the product and Ps is the price of
    13·1 answer
  • Suppose that you were interested in building a luxury apartment complex in your hometown. In your analysis of local demographics
    5·1 answer
  • For a given significance level, if the calculated value of the Durbin Watson statistic lies between the lower critical value and
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!