Answer:
b. $100,420
Explanation:
Amount paid for investment $100,000
Add: Share of net income $400
($1000*40%)
Add: Share of other comprehensive income <u>$20 </u>
($50*40%)
Investment at the end of 2021 <u>$100,420
</u>
<u></u>
Answer:
A. Product APEX
Explanation:
This is the correct answer.
Answer:
d. 9,200 units.
Explanation:
The computation is shown below for break-even points in units:
= (Fixed expenses ) ÷ (Contribution margin per unit)
where,
Fixed costs = $260,000 + $11,400 = $271,400
Contribution margin per unit = Selling price per unit - variable cost per unit
= $50 - $20.5
= $29.5
Now put these values to the above formula
So, the units would equal to
= $271,400 ÷ $29.5
= 9,200 units
Answer:
The $2,000 Sue's loss is disallowed due to her tax basis or at-risk amount
Explanation:
Since we have to compute the disallowed sue's loss based on tax or at-risk amount, so we use these amounts only in the computation part.
The computation is shown below:
= Tax basis - At-risk amount
= $9,000 - $7,000
= $2,000
Hence, the other cost like invested amount, qualified noncourse debt, loss amount are not considered. So, it is ignored
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