Answer:
C) $40,000 inventory basis, $15,000 JM basis.
Explanation:
JM distributed $80,000 worth of inventory, since Marcella has a 50% partnership interest, then half of the inventory belongs to her, $40,000 (= $80,000 / 2).
Since Marcella also received $10,000 in cash from JM, then her remaining basis in the partnership is:
$65,000 - $40,000 - $10,000 = $15,000
Answer:
Sin taxes are typically added to liquor, cigarettes, and goods that are considered morally hazardous. Because they generate enormous revenue, state governments favor sin taxes. ... The sin tax seeks to reduce or eliminate consumption of harmful products by making them more expensive to obtain
Explanation:
Answer: The correct option is B. an increase in quantity supplied of laptops.
Explanation: Supply is the amount of goods and services that a given firm is willing and able to sell to the market, at a given price and at a given point in time.
Factors that affect supply include:
- Price
- Cost of Production
- Technology
- Transport Conditions
- Government's Policies
- Prices of Related Goods, and so on.
In the scenario given in the question above, if an improved technology is being used to manufacture laptops, this will cause production costs to decrease, and cause output level to increase, thereby leading to a lower price of the laptops.
At this price, consumers will demand more of the laptops, and an increase in demand will definitely lead to an increase in the quantity of laptops that will be supplied to the market.
Answer:
The products by services companies are consumed immediately.
Explanation:
Goods are physical tangible products that are used to satisfy human needs and wants. On the other hand, services are non-physical, nontangible products that also serve the purpose of satisfying human needs and wants.
The manufactured good can be stored in inventories after production, however, the services are consumed as they are produced. They cannot be stored in inventories to be consumed later. They have to be consumed immediately.
This is the main difference between the products of manufacturing companies and services companies.
Answer:
Checking Accounts
Explanation:
Now lets break this down so you can understand more clearly.
Liquidity simply means the ability to convert any asset in to cash easily.
- Small Time Deposits: in USA, small deposits are deposits under $100,000 and "small time" means they are generally deposited for a limited time. like a year or for a quarter. They are liquid, but not as much as Checking accounts.
- Checking Accounts: The are designed to support in carrying out daily transactions and are almost equal to "money (cash in hand)". No interest is paid on the balance of these accounts. Moreover, you can use Cheques to do transactions as well.
- Money Market Mutual Funds: Mutual funds that invest in low risk debt securities such as Treasury Bills and Commercial Papers.
- Savings Accounts: These are deposits made in the intention of saving and bears a descent interest rate too. They are highly liquid too, as you can withdraw cash anytime you want. Yet compared with the Checking Accounts, not so much.
But remember, all the things you've mentioned here has a good liquidity. Checking Account is just "Super" liquid.
