1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MissTica
3 years ago
15

Katrina, age 58, exchanged a limited partnership interest in a shoe manufacturing company in which her outside basis was $100,00

0 for a limited partnership interest in a boot manufacturing company and $10,000 cash. The fair market value of the boot manufacturing company is $260,000. Calculate her recognized gain
Business
1 answer:
serious [3.7K]3 years ago
7 0

Answer:

$150000

Explanation:

Solution

The first step to take is to calculate the recognized gain.

Given that:

the outside basis = $100,000

Cash =$10,000

The fair market value of the boot manufacturing company is = $260,000

Now,

The Recognized gain is stated as follows:

The  Fair Market Value - (Outside Basis + Cash)

= $260000 - ($100000 + $10000)

= $260000 - $110000

= $150000

Therefore her calculated gain is $150000

You might be interested in
Navistar Electric issued 1000 debenture bonds 2 years ago with a face value of $5,000 each and a bond interest rate of 15% per y
Natasha2012 [34]

Answer:

$7,081.25

Explanation:

Face value = 5000

Coupon = 15% paid annually. Semi annual payment = 750/2 = 375

Time to maturity = 18 years

Interest rate = 10% compounded semi-annually

P = 375(P|A, 5%, 36) + 5000(P|F, 5%, 36)

P = 375(16.58131488) + 5000(0.17265193)

P = 6217.99308 + 863.25965

P = 7081.25273

P = $7,081.25

So, the present worth of one bond today is  $7,081.25

4 0
2 years ago
All of the following are ways that governments encourage international business except?
never [62]
Im pretty sure that it is d

4 0
2 years ago
Nelson’s motto is “Go big, or go home.” Which type of investment would Nelson prefer? A. savings account B. speculative investme
il63 [147K]

Answer:speculative investment

Explanation:

just took the test.

5 0
3 years ago
An outside supplier offers to provide Factor with all the units it needs at $44.45 per unit. If Factor buys from the supplier, t
Anvisha [2.4K]

Answer:

Factor must opt to agree as well as purchase the deal from the provider. A further explanation is provided below.

Explanation:

The given problem seems to be incomplete. Find the attachment of the complete question below.

Given:

Direct material,

= $8.70  

Direct labor,

= 24.70  

Overhead,

= 43.50

Now,

If the offer is accepted, the cost per unit will be:

= 44.45 + (43.50\times 70 \ percentage)

= 44.45 + 30.45

= 74.90 ($)

Thus the above is the correct answer.

6 0
2 years ago
All of the following are characteristics of perfect competition EXCEPT Group of answer choices many buyers and sellers. lack of
Greeley [361]

Answer:

The three primary characteristics of perfect competition are (1) no company holds a substantial market share, (2) the industry output is standardized, and (3) there is freedom of entry and exit. The efficient market equilibrium in a perfect competition is where marginal revenue equals marginal cost.

6 0
2 years ago
Other questions:
  • Describe three different ways decision makers might select projects while considering both financial and non-financial factors
    13·1 answer
  • Kostelnik Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on machine-hours
    14·1 answer
  • Patrick Company expects to generate freeminuscash of​ $120,000 per year forever. If the​ firm's required return is 12​ percent,
    9·1 answer
  • On April 1, 2021, BigBen Company acquired 30% of the shares of LittleTick, Inc. BigBen paid $100,000 for the investment, which i
    9·1 answer
  • The balanced scorecard is a unique system of performance measures in that it: (Check all that apply.) Multiple select question.
    15·1 answer
  • The price of a coupon bond and the yield to maturity are ________ related; that is, as the yield to maturity ________, the price
    5·1 answer
  • Abc company is in the process of issuing bonds. The bonds have a stated interest rate of 6%, which is 2% above the current marke
    14·1 answer
  • Please answer quickly will mark BRAINLIST
    13·2 answers
  • What is the term for the level of output at which the sales revenue of the firm just covers the fixed and variable costs includi
    6·1 answer
  • ______________________ increased visibility of purchasing from the mid 70s to the mid 80s.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!