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Zinaida [17]
3 years ago
8

When property is contributed to a partnership in exchange for a capital and profits interest, when does the partner's holding pe

riod begin for the partnership interest?
Business
1 answer:
Virty [35]3 years ago
7 0

Well here's what I can tell you,

The day the contributed property was purchased.
The day the partnership interest was acquired.

Either one of these are true which also means they are both true.

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What are the three duties of a central bank?
murzikaleks [220]

Conducting monetary policy

Supervising and regulating depository institutions

Maintaining the stability of the financial system

6 0
3 years ago
If a local diner can sell 50 burgers per day at a price of $5 each, but must reduce the menu price to $4.95 to sell one more bur
wolverine [178]

Answer:

$2.45

Explanation:

The formula to compute the marginal revenue is shown below:

Marginal revenue = Change in total revenue ÷ Change in number of quantity sold

where,

Change in total revenue would be

50 burgers × $5 = $250

51 burgers × $4.95 = $252.45

So, the change in total revenue is

= $252.45 - $250

= $2.45

And, the change in number of quantity sold is

= 51 burgers - 50 burgers

= 1

So, the marginal revenue is

= $2.45 ÷ 1

= $2.45

4 0
3 years ago
Applicants for positions at a product distribution site are required to demonstrate the ability to drive a forklift and operate
FromTheMoon [43]

Answer:

The correct answer is b. recruitment and selection .

Explanation:

In the recruitment process, all the information of the employee, his experience, studies, skills, hobbies, family circle, expectations, aspirations, etc. is collected. From this moment on, a series of tests are carried out to determine that what has been previously stated is true, as well as simulating situations to know their behavior in the face of challenges of a different nature. In the particular case, technical skills in forklift driving and machine skills are required, which requires verification and practice processes to determine the suitability of the candidate to successfully execute this position.

3 0
3 years ago
A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera
ZanzabumX [31]

Answer:

$71,240

Explanation:

The computation of the total gross margin under absorption costing is shown below:

As we know that

Gross Margin = Sales - Variable Manufacturing Cost - Fixed Manufacturing Overhead For Units Sold

Sales (2,740 units × $131) $358,940

Less Manufacturing Costs  

Direct Materials (2,740 units × $44) $120,560

Direct Labor (2,740 units × $19) $52,060

Variable Manufacturing Overhead (2,740 units × $13) $35,620

Fixed Manufacturing Overhead ($85,260 ÷ 2,740 units ÷ 2,940 units) $79,460

Gross Margin                         $71,240

We simply applied the above formula

6 0
3 years ago
The Jabba Corporation manufactures the "Snack Buster" which consists of a wooden snack chip bowl with an attached porcelain dip
OlgaM077 [116]

Answer:

B) Yes No

Explanation:

7 0
3 years ago
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