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
fiasKO [112]
3 years ago
13

Harry, Hermione, and Ron formed an S corporation called Bumblebore. Harry and Hermione both contributed cash of $29,400 to get t

hings started. Ron was a bit short on cash but had a parcel of land valued at $69,800 (basis of $58,800) that he decided to contribute. The land was encumbered by a $40,400 mortgage. What tax bases will each of the three have in his or her stock of Bumblebore?
Business
1 answer:
Anna007 [38]3 years ago
6 0

Answer:

$29,400; $29,400 and $18,400

Explanation:

Value of parcel of land = $69,800 with a basis = $58,800

Harry's basis is equal to cash contributed which is $29,400

Hermione's basis is equal to cash contributed which is $29,400

Ron's basis = Basis of parcel of land - Mortgage value

                   = $58,800 - $40,400

                   = $18,400

You might be interested in
Households and firms with savings lend money to banks and other financial institutions. The credit supply curve shows the relati
rosijanka [135]

Answer:higher real interest rate discourages current consumption and higher real interest rate encourages more saving.

Explanation:The supply curve is a graphic representation of the correlation between the cost of a good or service and the quantity supplied for a given period. In a typical illustration, the price will appear on the left vertical axis, while the quantity supplied will appear on the horizontal axis.

Our measure of credit demand is an indicator variable for a firm's need for bank loans decreasing during the period. We measure credit supply using information on whether a firm's loan application was rejected, or the firm received less than 75% of its desired amount.

Credit supply curve is a curve that plots the quantity of credit supplied at different real interest rates.

4 0
3 years ago
Locating close to suppliers reduces these cost
noname [10]
Locating close to the raw material supplies can reduce where raw materials are heavy and large quantities are used up in production costs. This is particularly true for industries like steel, which uses large quantities of iron ore in the production process.
5 0
3 years ago
Other things the same, if prices fell when firms and workers were expecting them to rise, then a. employment and production woul
Trava [24]

Answer:

d. employment and production would fall.

Explanation:

Economic agents have expectations about the parameters of an economy, such as price, inflation, unemployment rate, etc. If the price falls while economic agents expect the opposite, in the short run production and employment tend to increase. This is because investment decisions had already been made. However, in the medium and long term, economic agents realize that price expectations have not been confirmed and market parameters adjust. Thus, in the face of falling prices, there will be less demand. With lower demand, there will be a decrease in production and thus the employment rate decreases.

4 0
3 years ago
Isabelle, customer relations manager at future tools, inc., must inform her clients of a 25 percent price increase for all servi
Art [367]
In doing so, she should be sure to emphasize clients' options for saving money, such as bundling services or choosing less <span>comprehensive plans.
Telling this options will reduce the chance of that customer to stop using the service and move out to another competitor. Providing saving money options will give a reward for customers who are loyal to the company and make them feel valued.</span>
7 0
3 years ago
Hewlett and Martin are partners. Hewlett's capital balance in the partnership is $64,000, and Martin's capital balance $61,000.
antoniya [11.8K]

Answer:$0

Explanation:

Because because Black must actually grant a bonus to Hewlett and Martin

6 0
3 years ago
Other questions:
  • How does the budget process make fiscal policy difficult to implement? (lo32-3)?
    6·1 answer
  • On March 1, 2018, Rose Company invests $12,000 in Sprouts, Inc. stock. Sprouts pays Rose a $350 dividend on October 1, 2018. Ros
    8·1 answer
  • . Due to a car accident you receive a settlement from insurance of $50 a month for the next ten years. What is that worth to you
    9·1 answer
  • Exercise 4-15A Calculate net cash flows (LO4-7) Below are several transactions for Meyers Corporation for 2021. Issue common sto
    9·1 answer
  • Skymont Company wants a raw materials ending inventory each month equal to 30% of that month's production needs. The production
    14·1 answer
  • Effective _______ is when customers can seamlessly search for a fashion brand merchandise on their smartphones, order the mercha
    11·1 answer
  • Anyone know the answer to this question
    6·2 answers
  • Journalize the following transactions, using the allowance method of accounting for uncollectible receivables
    10·1 answer
  • Phillips Equipment has 75,000 bonds outstanding that are selling at par. Bonds with similar characteristics are yielding 7.5%. T
    15·1 answer
  • New york city, london, and tokyo are examples of ______ financial centers because of their fiscal transparency and strict tax po
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!