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grin007 [14]
3 years ago
5

Rubio recently invested $20,000 (tax basis) in purchasing a limited partnership interest. His at-risk amount is $15,000. In addi

tion, Rubio’s share of the limited partnership loss for the year is $22,000, his share of income from a different limited partnership was $5,000, and he had $40,000 in wage income and $10,000 in long-term capital gains.
. How much of Rubio’s $22,000 loss is allowed considering only the tax basis loss limitations?


How much of the loss from part (a) is allowed under the at-risk limitations?


ow much of Rubio’s $22,000 loss from the limited partnership can he deduct in the current year considering all limitations?
Business
1 answer:
Sindrei [870]3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .

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Diversification merits strong consideration whenever a single-business company A. has integrated backward and forward as far as
Gennadij [26K]

Answer:

The correct answer is B.

Explanation:

Diversification is a business strategy in which a company enters a field or market different from its core activity. It is a risk management strategy that mixes a wide variety of investments within a portfolio by allocating capital in a way that reduces the exposure to any one particular asset or risk.

Diversification merits strong consideration whenever a single-business company is faced with diminishing market opportunities and stagnating sales in its principal business.

3 0
3 years ago
Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their feres
Scorpion4ik [409]

Solution:

Let's start by assuming that the taxi ride demand is extremely elastic, to the extent that it is vertically sluggish! If the cabbies raise the fair price by 10% from 10.00 per mile to 11.00 per kilometre, the number of riders remains 20.

Total income before fair growth= 20* 10= 200.

Total income following fair growth = 11* 20= 220.

A 10% increase in the fare therefore leads to a 10% increase in the driver's revenue.

Therefore, the assumption in this situation is that the cab drivers think the taxi driving requirement is highly inelastic.

The demand curve facing the drivers of the cab is still inelastic, but not vertically bent.

When the rate increased from 10% to 11, riders declined from 20% to 19%

Total revenue before fair growth is 20* 10= 200

The gap between revenue and fair growth is 19* 11= 209

This means that a realistic 10% raise doesn't result in a 10% boost on income Because the market curve for taxi rides is not 100% inelastic, but rather low inelastic, so that a fair increase (control) allows consumers to lose their incomes.

7 0
4 years ago
Westwick Inc. is an advertising agency. Its employees are allowed to take decisions and work in ways that will help maximize the
Anna35 [415]

Answer:

<em>C) Organizational plurality </em>

Explanation:

Organizational plurality is a working environment in which all representatives are encouraged to collaborate in a way that promotes the gains for the company, clients and themselves.

As with the advertising agency, the employees are given chances to follow their decisions and maximize their experience.

5 0
3 years ago
Which one of these is covered by a specific type of insurance policy?
irina1246 [14]

Answer:

A.Off grid homes

Explanation:

Specific type of insurance policy covers the most common perils except those specifically excluded perils such as earthquake, flood, nuclear disaster, landslide.

OFF GRID HOMES refer to homes which are self-sufficient without reliance on  modern technology and public utilities. That means that this homes do not have access to electricity, gas, water, etc.

Therefore, these homes can be insured by a specific type of insurance policy.

4 0
3 years ago
Corporate governance is important to nations because: a. firms seek to invest in nations with national governance standards that
Mama L [17]

Answer:

Firms seek to invest in nations with national governance standards that are acceptable to them.

Explanation:

Corporate governance involves the way a company is been controlled by the owners or board of directors. It involves the rules by which workers abide and the hierarchy of workers.

Corporate governance is important to nations because in most cases it is the owners of a company that decide which country to invest in, and in most cases the investors critically check if the country has a suitable governing atmosphere for their business to run smoothly in.

6 0
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