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seropon [69]
3 years ago
6

9. Which, if either, of the following statements is or are false?I. Tax exempt income received by a partnership, for example, mu

nicipal bond interest, does not increase a partner’s basis in his/her partnership interest because the income is not taxable.II. A partner who receives a current property distribution (other than cash), made pro rata to all the partners, will not have to report a gain with respect to the distribution.a. I only.b. II only.c. Both I and II.d. Neither I nor II.
Business
1 answer:
Sergeu [11.5K]3 years ago
3 0

Answer:

C) Both I and II

Explanation:

A partner's tax basis increases as partnership income and gain is allocated to the partner, including the partner's share of tax-exempt income like municipal bonds. The partner must also report a gain on his/her distributive share of partnership items like property, machinery, vehicles or merchandise distribution.

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Permian Underground Machines & Pipes Co. (PUMP) is in the oil and gas equipment and services industry. It is considering a n
AVprozaik [17]

Answer:

Option A is correct.

The required rate of return for the bond that PUMP managers are considering is <u>1.46%</u>

Explanation:

Required rate of return for the bond that PUMP managers are considering is 1.46%.  Because, currently, the yield on a U.S. Treasury bond with about 10 years to maturity is 1.46%. same type of bond yielding is 1.46%.

3 0
3 years ago
Cost of Quality Report
yarga [219]

Answer:

Cost of Quality Report

Quality Cost     Quality Cost Percent of Total       Percent of

Classification                                    Quality Cost              Total Sales

Prevention         $23,400               10.0%                   1.3%

Appraisal         $46,800               20.0%                  2.6%

Internal failure $70,200               30.0%                  3.9%

External failure $93,600               40.0%                  5.2%

Total                        $234,000            100.0%                  13.0%

percent of total sale = quality cost/$1,800,000

3 0
3 years ago
Country a is characterized by tightly knit social groups and it places importance on belonging to​ organizations, families, and
eduard
<span>Country is characterized by tightly knit social groups and it places importance on belonging to​ organizations, families, and other​ groups, it has​ collectivism.
</span>In cultures in which collectivism predominates, group decisions are valued and accepted.
<span>In individualism on the other hand, the primary concern is for themselves and their families.</span>
4 0
3 years ago
Union Local School District has bonds outstanding with a coupon rate of 4.9 percent paid semiannually and 20 years to maturity.
RUDIKE [14]

Answer:

Ans. Price of the bond is $9,250.57

Explanation:

Hi, first we need to establish the semi-annual coupon of the bond and the semi-annual discount rate (YTM semi-annually)

Coupon=10000*(4.9%/2)= $245

To turn the annaul YTM to semi-annual, we have to use the following equation

YTM(semi-annual)=(1+YTM)^{\frac{1}{2} } -1

YTM(semi-annual)=(1+0.056)^{\frac{1}{2} } -1=0.0276

After all this, we are ready to find the price, here is the math of this.

Price=\frac{245((1+0.0276)^{39}-1) }{0.0276(1+0.0276)^{39} } +\frac{(245+10000)}{(1+0.0276)^{40} } =9250.57

Best of luck.

4 0
4 years ago
Economic value added:a. is a dollar amount rather than a percentage.b. is both a dollar amount rather than a percentage and uses
Fantom [35]

Answer:

The correct answer is letter "B": is both a dollar amount rather than a percentage and uses a firm's weighted-average cost of capital.

Explanation:

The Economic Value Added metric helps the shareholders of a business to determine how their capital is performing against other potential investments using the <em>weighted-average cost of capital </em>for that purpose. It is also a useful calculation for companies to decide on the most economically valuable project to be pursued.

The economic value added is calculated by subtracting the opportunity cost of capital from the earnings of the company. <em>The result is given in dollar amounts.</em>

7 0
4 years ago
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