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Paha777 [63]
2 years ago
12

When Padgett Properties LLC was formed, Nova contributed land (value of $200,000 and basis of $50,000) and $100,000 cash, and Os

car contributed cash of $300,000. Both members received a 50% interest in LLC profits and capital.
What is Padgett’s tax basis in the land?
Business
1 answer:
Vlada [557]2 years ago
4 0

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Nova contributed land of value = $200,000

Nova contributed land of Basis= $50,000

Nova contributed cash = $100,000

Oscar Contributed cash = $300,000

So, we can analyze the Padgett's tax basis in the land by using following method:

As we know Nova contributed land of Basis is the only tax basis in the land for Padgett's.

So, Padgett’s tax basis in the land = Nova contributed land of Basis

Padgett’s tax basis in the land = $50,000.

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A stockbroker predicts whether a stock will go up or down by tossing a coin and so has a 50% chance of making a correct predicti
kolezko [41]

Answer:

A skilled  broker will be right at  60% of time compared to 50%

Explanation:

Solution

Given that:

Now,

Let X  be represented as = number of correct predictions/outcomes

X foll binomial distribution with n = 3 and p = 0.5 for broker who use a toss coin

Thus,

P(X = 3) = p^3 = 0.5^3 which gives us  = 0.125

So,

For a skilled broker, Y goes with the binomial distribution with n = 3 and p is = 0.6

Then,

P(Y = 3) = 0.6^3 = 0.216

We can therefore conclude who is skilled broker by making large number of observations

Hence, we say that a skilled broker will be correct 60% of time compared to 50% .

8 0
3 years ago
During 2021, Bramble Corp. had the following activities related to its financial operations: Carrying value of convertible prefe
BigorU [14]

Answer:

the net cash used in financing activities is -$3,803,000

Explanation:

The computation of the net cash used in financing activities is shown below:

= Payment of cash dividend - payment for early retirement + proceeds from the sale of treasury stock

= -$280,000 -$3,974,000 +  $451,000

= -$3,803,000

hence, the net cash used in financing activities is -$3,803,000

WE simply applied the above formula

3 0
3 years ago
Suppose Scott has a budget of $56 that he spends on movies (Q1) and roller skating (Q2). The price of movie tickets recently inc
8090 [49]

Answer:

1.6 Q1 + 0.875 Q2 = $56

Explanation:

Budget constraint equation represents the total budget allocation to different activities under consideration.

old Budget Constraint

Q1 + Q2 = $56

New Budget Constraint

(Q1)*8/5 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*7/8 = $56

(Q1)*1.6 + (Q2)*0.875 = $56

1.6 Q1 + 0.875 Q2 = $56

So best answer made based on data available.

5 0
3 years ago
_____ is a marketing research technique that involves introducing a new product in a specific area and then measuring its degree
padilas [110]
Test marketing, the consumers don’t even know it’s being tested
8 0
2 years ago
The difference between a hospital's established billing rate and the amount paid by a third-party payer is referred to as:______
s2008m [1.1K]

The difference between a hospital's established billing rate and the amount paid by a third-party payer is referred to as contractual adjustment.

Contractual Adjustment is a part of a patient's bill that a doctor or hospital must write-off  because of billing agreements with the insurance company.

A write off is simply the amount that cannot be collected from patient due to several issues.

A contractual adjustment is important because it helps in preventing fraud from occurring in the total amount of the bill.

Learn more about contractual adjustment here;

brainly.com/question/28474224

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4 0
1 year ago
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