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sergiy2304 [10]
3 years ago
14

Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of

$120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.
What is Alpha's basis in the building?

a. $0b. $30,000c. $50,000d. $84,000
Business
1 answer:
Gre4nikov [31]3 years ago
6 0

Answer:

Correct option is C.

<u>$50,000</u>

Explanation:

Alpha's basis in the building is equal to the adjusted basis of the building.

30% of $150,000= $50,000

and the Adjusted basis= $50,000(given)

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When a company does not have any convertible securities or options or warrants outstanding, the company has:
WITCHER [35]

Answer: Simple capital structure

Explanation: A company that does not have potentially dilutive or convertible securities in its capital structure, is said to have a simple capital structure. In a simple capital structure, the corporation finance its operation with common stock or non convertible preferred stock.

Hence , from the above we can conclude the right option is C.

6 0
2 years ago
Mason Corporation had $1,150,000 in invested assets, sales of $1,228,000, income from operations amounting to $226,000, and a de
ohaa [14]

Answer:

b.1.07

Explanation:

Investment turnover ratio determines the times when the portfolio of investment is sold during a particular period of time e.g Monthly, Annually, etc. The higher turnover results in more commission earned by the broker who is selling the portfolio.

Investment Turnover = Sales / Invested Assets

Investment Turnover = $1,228,000, / $1,150,000

Investment Turnover = 1.067826

Investment Turnover = 1.07 ( Rounded off to 2 decimals places )

6 0
3 years ago
Branch managers at First National Bank report to both a retail banking manager and a central operations officer. One of the mana
Rina8888 [55]

Answer: The type of organizational structure that this most closely resembles is the<em><u> Matrix</u></em> structure.

Explanation:

When a group of people in business are put into formal groups based on their   diverse occupational specialties it is a <u><em>matrix structure</em></u>. The groups that are put together based on similar service, products, clients, customers, and the regions that they are from.

The relationships that each person has are usually set up on a reporting grid. They use the grid which is different than a traditional reporting hierarchy. Each manager has a dual reporting relationship with each other. They can work as a regular functional manager and also a product manager.

5 0
3 years ago
Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable
Rudik [331]

Answer: $92,880

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The Gross Profit can be calculated by simply removing the cost from the sales amount.

It is stated that the additional processing will yield 10,000 bags of Premium Green and 3,600 bags of Green Deluxe, which can be sold for $7.55 and $5.55 per bag.

Sales figure is therefore,

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7 0
2 years ago
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just you know what it must be that i think

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