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
olya-2409 [2.1K]
2 years ago
10

Rhonda has an adjusted basis and an at-risk amount of $23,600 in a passive activity at the beginning of the year. She also has a

suspended passive activity loss of $4,720 carried over from the prior year. During the current year, she has a loss of $37,760 from the passive activity. Rhonda has no passive activity income from other sources this year. Determine the following items relating to Rhonda's passive activity as of the end of the year.At year-end, Rhonda has the following:
a. Adjusted basis in the passive activity: $0
b. Loss suspended under the at-risk rules: $4500
c. Suspended passive activity loss: $______
(I got A & B but im stuck on C...its not zero) help please..
Business
1 answer:
zmey [24]2 years ago
5 0

Answer:

Explanation:

 At risk amount = $23,600

Suspended loss at beginning of year = $4,720

Total loss under passive activity = $37,760

a. Adjusted basis in the passive activity: $0

b. Loss suspended under the at-risk rules: $14,1600

Loss suspended under the at risk rules :Total loss under passive activity - At risk amount

=  $37,760 - 23,600  = $14,160

c. Suspended passive activity loss: $18880

Suspended loss at beginning of year +  loss suspended under the risk rules  = 4720 + 14160 = $18880

You might be interested in
Blanco Company purchased 200 of the 1,000 outstanding shares of Darby Company's common stock for $600,000 on January 2, 2018. Du
Kruka [31]

Answer:

$660,000

Explanation:

The computation of the equity investment is shown below:

= (Common stock balance) + (Earnings × purchased shares ÷ Total outstanding shares) - (dividend × purchased shares ÷ Total outstanding shares)

= ($600,000) + ($400,000 × 200 shares ÷ 1,000 shares) - ($1,00,000 × 200 shares ÷ 1,000 shares)

= $600,000 + $8,0000 - $20,000

=$660,000

5 0
3 years ago
List four.characteristics of an application that would influence the electric motor selection
White raven [17]

Power supply, work requirements, motor insulation type or class, bearing types, mounting characteristics, and cooling requirements all influence the selection of an electric motor.

7 0
3 years ago
Who will be responsible for creating the disaster recovery plan and will likely be responsible for testing it and keeping up wit
CaHeK987 [17]

The disaster recovery planning team will be responsible for creating the disaster recovery plan and will likely be responsible for testing it and keeping up with its ongoing maintenance.

The disaster recovery team is responsible for creating the organization's disaster recovery plan, developing the planning processes and procedures, and implementing the plan to ensure data recovery in the event of a disaster.

Security administrator. network administrator. Executive Response: An organization's executives are ultimately responsible for corporate governance, including deciding whether to implement BCP/DRP controls.

The role of the Local Disaster Recovery Manager is to organize, coordinate and facilitate recovery at the local level. The experience and skills of these individuals should include a strong foundation for community development and a good knowledge of community demographics.

Learn more about disaster recovery at

brainly.com/question/2916834

#SPJ4

6 0
2 years ago
If a cost estimate indicates that a residential design is significantly over budget, what changes would you consider to reduce t
kogti [31]
<h3><u>Changes considered to reduce the cost of the project: </u></h3>

Cost Estimates of a Residential Design have the following elements:

1) Quantity Takeoff

2) Labor Hours

3) Labor Rates

4) Material Prices

5) Equipment Costs

6) Subcontractor Quotes

7) Indirect Costs

8) Profit Margin

Quantity Takeoff is the very basic element required in Residential Building. Labor hours and rates depends on the location, work difficulty, market value, and other extrinsic factors. Material prices and Subcontractor Quotes again depends on location, supply and demand. Equipment Costs depends on the location, place of purchase, transportation cost, size of equipment, etc. Indirect costs are overheads for labor and contractors.

As we can check the above elements, we cannot change Quantity takeoff, as no one wants to compromise in the quality. However, we can try to slightly negotiate with Labor rates and Subcontractor Quotes. Again, as mentioned the budget is significantly high, so we need to work on reducing 2 costs, which are Equipment Costs and Material Prices.

6 0
3 years ago
Shen has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Valerie,
iren [92.7K]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.

Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.

In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

7 0
3 years ago
Other questions:
  • You have taken a job as an entry-level analyst, and your boss has asked you to find the expected value of Adams Furniture’s stoc
    9·1 answer
  •  A sick relative has decided to create a living will. Based on your knowledge of living wills, what type of information do you t
    11·1 answer
  • Megan sets the selling price for her watches at $29.95, so they will seem less expensive than $30.00 watches.
    14·1 answer
  • Is sand and salt mixture homogeneous or heterogeneous?
    8·1 answer
  • Which of the following is not considered to be a liability? Answers: a. Wages Payable b. Unearned Revenues c. Accounts Payable d
    14·1 answer
  • O’Brien Brewery and Delgado Vintage Wines both decided to write off a specific customer’s uncollectible account as a bad debt ex
    7·1 answer
  • The main function of insurance is to Group of answer choices make healthcare free. reduce total spending on healthcare. pool the
    14·1 answer
  • Can we consider economics as a soicial science as well?why?​
    10·1 answer
  • Does requesting a credit limit increase hurt score?
    8·1 answer
  • Eyewitness testimony, diary entries, interviews, and surveys are examples of ______ sources.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!