1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vichka [17]
3 years ago
9

Stephanie is a 40 percent partner in the SKY Partnership. During the current tax year, the partnership reported ordinary income

of $210,000 before payment of guaranteed payments and distributions to partners. The partnership paid guaranteed payments to partners Stephanie, Kirsten, and Yule of $30,000 each ($90,000 total). How much will Stephanie's adjusted gross income increase as a result of the above items?
A. $88,000
B. $48,000
C. $78,000
D. $66,000
Business
1 answer:
gregori [183]3 years ago
5 0

Answer:

The answer is Option B.

$48000

Explanation:

Guaranteed payment                                                 $30,000.00  

Balance distribution [($210000-$90000)*40%]         $48,000.00  

Stephanie's adjusted gross income                         $78,000.00  

Less : Guaranteed Payment every year                 $30,000.00  

Increase in Stephanie's adjusted gross income         $48,000.00  

You might be interested in
Suppose selected comparative statement data for the giant bookseller Barnes & Noble are presented here. All balance sheet da
grandymaker [24]

Answer:

Profit margin = net profit / total sales = $78 / $5,200 = 1.5%  

Asset turnover = total sales / average total assets = $5,200 / ($2,990 + $3,510) = 1.6

Return on assets = net income / average total assets = $78 / $3,250 = 2.4%  

Return on common stockholders’ equity =  net income / average stockholders' equity = $78 / ($992 + $1,031) = 7.71%  

Gross profit rate = gross profit / total sales = $1,716 / $5,200 = 33%

3 0
3 years ago
What is a competency based interview?
yKpoI14uk [10]

it's an interveiw targetting a speciffic skill or Competncy

3 0
3 years ago
Suppose workers notice a fall in their nominal wage but are slow to notice that the price of things they consume have fallen by
kvasek [131]

Answer:

The correct answer is <em>Temporarily low and so supply a smaller quantity of labor</em>.

Explanation:

The inflation index is a variable that takes little to be identified by people. Although the price of products may have volatile movements, a decrease in the first place will lead to "Normal" behavior, which is expected to increase in the future.

In terms of work, it influences negatively because employees will feel little commitment and will be discouraged to see a decrease in their income.

7 0
3 years ago
Why has le pliage been so successful? to what do you attribute its popularity and longevity? what is the role of the longchamp b
blondinia [14]

Longchamp’s iconic merchandise, Le Pillage is a range of foldable, leather-trimmed nylon bags. The huge success is labelled as “eternal”. Le Pillage’s achievement can be regarded as a perfect practice of marketing mix. Part of 4P model can be used to analyze this case.

Product

Le Pillage’s successful product positioning is “Quality”. Intended as a functional bag, Le Pillage accepted one of the most practical and unusual materials, nylon which is durable, sturdy, light as well as cheap.

Price

Le Pillage’s price plan, that average price is €90, made this sequence of bags reasonable to most of the consumers.

Promotion

In 2006, Le Pliage sprang its first marketing campaign with Kate Moss. Even in this campaign, model didn’t carry Le Pliage, halo effect of Longchamp brand has enthused its trades.

Place

Longchamp brand as the strongest support plays the crucial role in Le Pliage’s successful distribution. 

5 0
3 years ago
Suppose you have two friends who have the same underlying ability, took the same courses in college, and have the same GPA. One
ioda

Answer:

Rational is based on the logical preference. Being irrational does not means that the choice is made based on monetary preference. It is more logical than monetary.

Explanation:

The two friends took same courses in college but after the completion of college degree one decides to go for MBA and other pursues PhD in English. The expected earnings of MBA are higher than PhD but one of friend who chooses the PhD has not considered the logical decision making based on money. He might have chose the PhD because he is more interested in becoming a professor rather than a business professional.

6 0
2 years ago
Other questions:
  • Workforce ________ exists when at one end of the labor market, there has been strong demand for low-skilled, low-paying jobs in
    13·1 answer
  • g Floyd Corporation had a projected benefit obligation of $3,142,000 and plan assets of $3,308,000 at January 1, 2020. Floyd als
    13·1 answer
  • The Allowance for Doubtful Accounts: Multiple Choice Is credited when bad debts expense is estimated and recorded. All of the op
    11·1 answer
  • Households act as suppliers when they provide:
    5·1 answer
  • Issued a note with the proceeds used to finance the cost of acquiring journal entry
    13·1 answer
  • E15-2 (Recording the Issuance of Common and Preferred Stock) Kathleen Battle Corporation was organized on January 1, 2014. It is
    15·1 answer
  • Consider the following simple economy that produces only three​ goods: 2009​ (Base Year) 2017 Product Quantity Price Quantity Pr
    10·1 answer
  • Does inflation benefit the lender or borrower?
    14·1 answer
  • Suppose the college administrators estimate that the beautification initiative will cost $2,040. To decide whether the initiativ
    6·1 answer
  • What dApp does the author describe as a set of smart contracts that stores data on a home-listing blockchain?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!