Answer:
Taxable gain = $76,000 - $60,000 = $16,000
Explanation:
At the time of receiving the land from the partnership the market value is $60,000 aa gaianst the cost of $40,000. The partners would have valued the land at market value before giving it to Tyler. therefore the cost of land to Tyler will be $60,000 and not $40,000.
Answer: yes
Explanation:this is so because When a union wants to unionize a new group of employees, it must first convince at least 30% of the employees to sign authorization cards. If the union successfully does so, the union then submits the cards to the NLRB for certification. If the NLRB certifies that the union has secured cards from 30% of the employees, it orders that a secret ballot election be held where the employees vote on whether to unionize. Typically, about two months pass between the time the NLRB certifies the cards and the time that the election actually takes place. During these two months, the union and the employer actively campaign for or against unionization. At the election, if a majority of employees vote to unionize, then the NLRB recognizes the union as the sole bargaining representative of the employees. The employer is then required by statute to bargain in good faith with the union to negotiate the “first contract” between the employees and the employer. This employment contract determines the terms and conditions for all employees represented by the union.
Answer:
Explanation:
find the attached document below
Answer:
Option (a) is correct.
Explanation:
Here, shoes are normal goods as there is a positive relationship between the income level of the consumer and the quantity demanded for shoes. It can be seen that as the income of the consumer increases from $19,000 to $21,000 then as a result the quantity of pairs of shoes demanded increases from 9 to 11 pairs. Normal goods are generally have positive income elasticity of demand.
Therefore, the shoes are normal goods in this case.
Answer:
Free cash flow = $2.25 million.
Explanation:
We know,
Free cash flow = Operating income ×( 1 - tax rate) + depreciation - net working capital.
Given,
free cash flow = ?
Operating income = $2.75 million
tax rate = 40%.
depreciation = $1.20 million.
net working capital = $0.6 million.
Putting the values into the formula, we can get
Free cash flow = [Operating income ×( 1 - tax rate) + depreciation - net working capital] million.
Free cash flow = [$2.75 ×( 1 - 40%) + $1.20 - $0.6] million.
Free cash flow = ($2.75 × 0.6 + $1.20 - $0.6) million.
Free cash flow = ($1.65 + $1.20 - $0.6) million.
Free cash flow = ($2.85 - $0.6) million.
Free cash flow = $2.25 million.
