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
3 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]3 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
Peggy-Sue's cookies are the best in the world, or so I hear. She has been offered a job by Cookie Monster, Inc., to come to work
Ivan

Answer:

Accounting profit $103,000

Economic profit(loss here) is -$64,000

She should rather take the job at Monster Inc as she is not enjoying an economic profit

Explanation:

In this question, we are asked to calculate the economic and accounting profits for Peggy-sue’s cookies. We proceed as follows;

Accounting profit(I.e profit without opportunity cost) = 250,000 - 80,000 - 22,000 - 40,000 - 5,000 = $103,000

The Economic profit(profit with opportunity cost) = Accounting Profit - opportunity cost

Let’s calculate the opportunity cost;

Opportunity cost = 160,000( her salary I’d she was working with Monster Inc) + 35,000 * 20%( her investment if she leaves the company) = 160,000 + 7,000 = 167,000

Her Economic Profit = 103,000 - 167,000 = -64 000( a loss in this case)

5 0
3 years ago
Read 2 more answers
A company wants to set up operations in a country with the following corporate tax rate structure: Taxable Income Tax Rate <$
Gre4nikov [31]

Answer:The company should pay $3,000 in taxes

Explanation:

Taxable Income= Gross Revenues -Total cost- Allowable Deduction

=$ 500,000 –$ 450,000 - $30,000=  $20,000

Gross Tax Liability=Given that the  taxable income and tax rate as  

<$50,000--- 15%

$50,000 - $75,000 ----25%

$75,000 - $100,000----34%

>$100,000----- 39%

Our calculate taxable income is less than <50,000, ie $20,000 from our Gross revenue

The  gross tax liability, will now be  15% of $20,000=0.15 x 20,000= $3000

The company should pay $3,000 in taxes

6 0
3 years ago
A list of skills, abilities, education, and experience required for a position is called a job analysis.
Zarrin [17]
True. because it analyzes ones abilities to do certain things so they can qualify for different positions.
8 0
3 years ago
The demand curve faced by a nondiscriminating pure monopoly is _____.
seraphim [82]

Answer: The same as the industry's demand curve

Explanation:

 The demand curve faced by a non discriminating pure monopoly is same as the industry demand curve as, the monopoly facing the demand curve of the industry in the form of the downward sloping demand curve so that the monopolist increased its output demand. A non discriminating monopolist determined the demand curved and ultimately determined the price which are willing for pay.  

7 0
3 years ago
Kendra Enterprises has never paid a dividend. Free cash flow is projected to be $80,000 and $100,000 for the next 2 years, respe
Lena [83]

Answer:

$856,376.30

Explanation:

What is the terminal, or horizon, value of operations?

2 years, FCF 1 = 80,000, FCFC 2 = 100,000, Growth rate= 5%, WACC = 16%

==> 100,000*(1+0.05)/(0.16-0.05)

==> 100,000*(1.05/0.11)

==> 100,000*(9.545454(

==> 954,545

Calculating the value of Kendra's operations.

Years  Cash-flows   PVF at 16%    Present value

1           800,000       0.86206         68964.80

2          105,000        0.74316           78031.80

2          954,545        0.74316           <u>709379.70</u>

            Total value                           <u>856,376.30</u>

8 0
3 years ago
Other questions:
  • All licensees should give earnest money checks to their sponsoring broker immediately who must deposit said earnest money by
    15·1 answer
  • Katie wants to order a new shirt online. What should she do once she gets to the store's website?
    15·1 answer
  • 4. With many other options available, customers no longer let their money sit in a checking account. For many years the mean che
    7·1 answer
  • A large manufacturing business has hired you as a fraud detection specialist. The first day on the job your boss tells you she h
    11·1 answer
  • Given the data below for a firm in its first year of operation, determine net income under the accrual
    12·1 answer
  • Roslyn is a food buyer for Organic Cornucopia Food Company when she decides to go into business for herself as Roslyn’s Kitchen.
    5·1 answer
  • 7. After seeing the range of results in Question 4 above, why would anyone select a bank that has unfavorable overdraft policies
    13·1 answer
  • What benefit dose a corporation have that a partnership and sole proprietorship do not
    8·1 answer
  • The saving component of financial planning focuses on long-term security and includes:
    11·1 answer
  • incoterms provide clarity on the responsibility for which activity associated with an international shipment?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!