Answer:
a. $24,000
b. $9,000
Explanation:
a. The amount of income or loss from the partnership is limited to the share of the loss rather than its partnership interest
In the given case, the partnership interest is $45,000 and the share of his loss is $24,000
So, $24,000 is reported in his individual income tax return
b. The computation of the Wilson's basis in his partnership interest is shown below:
= Basis in his partnership interest - share of the loss - cash distribution received from the partnership
= $45,000 - $24,000 - $12,000
= $9,000
Please see attached image to see the
given data.
The trial balance
totals of the debits and credits are $2,250 debit, $2,250 credit.
<span>$1000 (cash) +
$500 (Equipment) + $750 (Salaries Expense) = $2,250 Debit
$350 (Accounts Payable) + $900 (Capital) + $1000 (Service Fees) = $2,250 Credit</span>
Answer:
The correct answer is option A.
Explanation:
Price elasticity of demand measures the change in the quantity demanded due to a change in the price of the commodity. In order to increase the demand for pizza, Aiyanna decides to lower the price of pizza by 5% per week.
With passage to time, the demand for a commodity becomes more and more elastic. This is because, with time, the consumers are able to get adjusted to price change. So each successive week demand will become more price elastic.
Answer:
<em>MRP (Material Requirement Planning)</em>
Explanation:
Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.
All of this consists of <u>three principal steps</u>:
- stock of on-hand components and materials,
- recognize which added bits are required and,
- afterwards schedule their manufacturing or purchase.
