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madam [21]
3 years ago
12

Billy contributes equipment used in a trade or business that he has held for more than 1 year to a partnership in exchange for a

partnership interest. What is Billy's holding period immediately after the transfer and one year plus one day later?
Business
1 answer:
mrs_skeptik [129]3 years ago
4 0

Answer:

The answer is that long-term immediately and long-term after the year

Explanation:

The holding period of the partnership interest tacks on the previous holding period of 1231 property contributed.

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Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: ho
zmey [24]

Answer:

Answer 1.

DVD Equipment Set Yoga Mat

Sale in Units 13500 4500 9000

Sale Mix 3 1 2

Sales Mix Ratio = 3:1:2

Answer 2.

Let the Break Even Sales = X Units

Therefore, Linear equation of BEP:

3/6 X (8-4) + 1/6 X (25-15) + 2/6 X (16-9) = 119520 (Fixed Costs)

X = 19920 Units

BEP of

DVD = 19,920 Units X 3/6 = 9960 Units

Equipment Set = 19,920 Units X 1/6 = 3320 Units

Yoga Mat = 19920 Units X 2/6 = 6640 Units

Answer 3.

DVD Equipment Set Yoga Mat Total

Sale in Units 13,500 4,500 9,000 27,000

SP 8 25 16

Sales in $ 108,000 112,500 144,000 364,500

Less: Variable Costs 54,000 67,500 81,000 202,500

Contribution 54,000 45,000 63,000 162,000

Contribution Margin Ratio 50.00% 40.00% 43.75% 44.44%

Contribution Margin Ratio = Contribution / Sales

Overall Break Even Sales Revenue = $119520 (Fixed Costs) / 44.44% (Contribution Margin Ratio)

Overall Break Even Sales Revenue = $268,920

Answer 4.

Margin of Safety = Sales - BES

Margin of Safety = $364,500 - 268920 = $95,580

Explanation:

4 0
3 years ago
Judy is a cash basis attorney. This year, she performed services in connection with the formation of a corporation and received
inn [45]

Answer:

Judy must recognize $4,000 of gross income from the stock for the current year.

True

Explanation:

When you receive stock in lieu of cash for payment for services rendered. you'll first owe income tax based on the value of the stock at that time.

5 0
2 years ago
What do you think would happen to the expected return on stocks if investors perceived an increase in the volatility of stocks?
olya-2409 [2.1K]

Answer:

Higher is the correct answer.

Explanation:

4 0
3 years ago
Please help
Andrew [12]

Answer: It’s research the issues

Explanation:

The other answer is wrong

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2 years ago
What is the main purpose of conducting an informational interview?
liberstina [14]

Answer:

c

Explanation:

3 0
3 years ago
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