Answer:
<em>Ted's = 10/15 </em>
<em>= 2/3 = 0.67</em>
<em>Tom's = 6/8 </em>
<em>= 3/4 = 0.75</em>
Explanation:
The <em>opportunity cost </em>of washing a car in each case = No. of cars waxed by each / No. of cars washed by each
Hence, <em>Ted's opportunity cost of washing a car</em> = 10/15
= 2/3 = 0.67
And similarly, <em>Tom's opportunity cost of washing a car</em> = 6/8
= 3/4 = 0.75
<em>Thus, for washing 1 car Ted gives 0.67 portion of waxing of Car and Tom gives 0.75 portion of waxing of Car. </em>
In case collected cash from a customer is for services that will be performed in the next accounting period the cash flow from operating activities will increase.
The cash flow from operating activities will increase cash flow in the period of receipt itself as it will result in an increase in the cash balance of the organization In case collected cash from a customer is for services that will be performed in the next accounting period.
If the balance of an asset will increase, cash float from operations will be lower. If the stability of an asset decreases, cash flow from operations will boom. If the balance of liability will increase, cash flows with the flow from operations will grow. If the balance of a liability decreases, cash flows with the flow from operations will decrease.
An accounting period, in bookkeeping, is the length with reference to which control accounts and economic statements are organized. In management accounting, the accounting length varies extensively and is decided with the aid of management. monthly accounting durations are common.
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Answer:
a. Tax basis $550,625
b.Three years
c. $245,000
d. Three years
Explanation:
a. Calculation to determine Lance’s tax basis in his LLC interest
Lance’s tax basis in his LLC interest will be $550,625 ( $245,000+$305,625)
Based on the information given Lance’s basis in his LLC INTEREST is been made up of the amount of $245,000 basis of the investment property he transferred to the LLC including his $305,625 share which is calculated as ($407,500 x 75%) of the LLC debt reason been that LLC general debt obligations are tend to be treated as NON RECOURSE DEBT which is why Lance’s profit sharing ratio is used to allocate a portion of the LLC debt to him.
b. Based on the information given Lance's Holding period in his interest is THREE YEARS in which Lance had been holding investment property.
c. Cloud Peak’s basis in the contributed property will be Basis of $245,000
d. Cloud Peak’s holding period in the contributed property is THREE YEARS.
The person who receives financial protection from a life insurance plan is called a beneficiary. I hope that I helped, Have a wonderful day!
A certain call option has a strike price of $55.00. the stock price currently stands at $47.00. if the premium paid on the option is $6.00, the option currently is out of the money and the intrinsic value is zero as the stock price is below the strike price.
All shares issued by a publicly traded company are given a share price. The price reflects the value of the company, and how much the public is willing to pay for part of the company.
After a company goes public and its shares are traded on the stock price, its share price is determined by the supply and demand of its shares in the market. If the stock is in high demand due to favorable factors, the price will go up.
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