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ratelena [41]
3 years ago
12

Jack owns a 10% interest in a partnership (not real estate) in which his at-risk amount is $42,000 at the beginning of the year.

During the year, the partnership borrows $80,000 on a nonrecourse note and incurs a loss of $60,000 from operations. Jack's at-risk amount at the end of the year is $44,000.
Mathematics
1 answer:
Lynna [10]3 years ago
5 0

Answer:  The correct answer is :  False

Step-by-step explanation:  Jack's year-end risk amount is:

10% loss :  $ 60,000 x 10% = $ 6,000

$ 42,000 - $ 6,000 = $ 36,000, this is the value of Jack's year-end risk amount

The amount a taxpayer has at risk is increased by the taxpayer's share of additional recourse debt and decreased by the share of losses from the activity. The at-risk amount is not affected by nonrecourse debt.

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777dan777 [17]
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<span>Shift the decimal points of both 25099.506 and 4.45 to the right by 2 decimal places. 
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\text{Set up the long division.}&#10;

\text{Calculate 2509 divided by 445, which is 5 with a remainder of 284.}
<span>
</span>\text{ Bring down 9, so that 2849 is large enough to be divided by 445.}

\text{Calculate 2849 divided by 445, which is 6 with a remainder of 179.} &#10;

\text{Bring down 5, so that 1795 is large enough to be divided by 445.}

\text{Calculate 1795 divided by 445, which is 4 with a remainder of 15.}

\text{Bring down 06, so that 1506 is large enough to be divided by 445.&#10;}

\text{Calculate 1506 divided by 445, which is 3 with a remainder of 171.}

\text{Bring down 0, so that 1710 is large enough to be divided by 445.}

\text{Calculate 1710 divided by 445, which is 3 with a remainder of 375.}

\text{Bring down 0, so that 3750 is large enough to be divided by 445.}

\text{Calculate 3750 divided by 445, which is 8 with a remainder of 190.}

\text{Bring down 0, so that 1900 is large enough to be divided by 445.}

\text{Calculate 1900 divided by 445, which is 4 with a remainder of 120.}

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<span>Therefore, 25099.506 ÷ 4.45 ≈ 5640.33842</span>

8 0
3 years ago
Why is apr an important tool for consumers
My name is Ann [436]

Answer:

APR, or annual percentage rate, is your interest rate stated as a yearly rate. An APR for a loan can include fees you may be charged, like origination fees. APR is important because it can give you a good idea of how much you'll pay to take out a loan.

6 0
2 years ago
The diameter of a circle is 14 inches. Find the circumstance and area use 22/7
s344n2d4d5 [400]

Answer:

Circumference= 44 in

Area= 154 in²

Step-by-step explanation:

\boxed{circumference \: of \: circle = 2\pi  r}

Radius

= diameter ÷2

= 14 ÷2

= 7 in

Circumference of circle

= 2( \frac{22}{7} )(7)

= 44 in

\boxed{area \: of \: circle = \pi {r}^{2} }

Area of circle

=  \frac{22}{7} ( {7}^{2} )

= 154 in²

3 0
3 years ago
The original price of a coat is $90. It is on sale for 20% off. How much will you pay if you buy the cost during the sale?
ziro4ka [17]

Answer:

72$

Step-by-step explanation

How to insert in a calculator 90-20%= 72

How to take 20% from a price

Divide the original price by 5. <em>18</em>

Subtract this new number from the original one. <em>90 - 18 </em>

The number you calculated is the discounted value. <em>90 - 18 = </em><u><em>72</em></u>

6 0
3 years ago
Read 2 more answers
What is the exterior angle?
olganol [36]

Answer:

angle YUT = 120

Step-by-step explanation:

in Triangle SUT

angle 70 + angle 50 + angle x = 180

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angle SUT = 60



angle SUT + angle YUT = 180 ( straight line)

60 + x = 180

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Therefore angle YUT ( exterior angle ) = 120

7 0
3 years ago
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