Capital budgeting is the process in which organizations identify, evaluate, and make selections that require a lot of money to start but have long lasting benefits into the future. In this situation, making sure they can retain customers indefinitely is the ultimate goal so spending the money on capital budgeting and making the most lucrative business choices is important.
1. Divide price by quantity:
6/5 = 1.20 each
2. 3/2 = 1.50 each
3. profit/ loss = sold - purchased price
1.50 - 1.20 = 0.30 profit
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Answer:
$102,000
Explanation:
According to 26 US code Section 704(c) - Partner's distributive share :
Taxable gain to be recognized from sale = Sale value - ( Partner's share * Fair market value )
Brooke contributed the land, the gain realized before the land was contributed = $120,000 - $90,000 will be allocated entirely to her. She will also be allocated 40% of the gain after the contribution was made = ($150,000 - $120,000) x 40% = $30,000 x 40% = $12,000.
So the total gain recognized by Brooke will be $90,000 + $12,000 = $102,000.
Partnerships are pass through entities, the partners are taxed, not the partnership itself.
Income elasticity of demand measures the receptiveness of the quantity demanded for a good or service to a change in income.
It's calculated as the ratio of the percentage change in quantity demanded to the percentage change in income.
Explanation:
Hope this helps!!
