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Paha777 [63]
3 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]3 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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In which of the following situations would each of the members be responsible for producing an equal share of the total amount o
Natasha_Volkova [10]

Answer:

In which of the following situations would each of the members be responsible for producing an equal share of the total amount of output sold by the cartel engaged in joint profit maximization?

When marginal costs of production are the same for each of the members of the cartel.

Explanation:

D

8 0
3 years ago
The cost of capital of a company that uses 45 percent debt that has an after-tax cost of debt of 10 percent and 55 percent equit
zimovet [89]

Answer:

12.75 %

Explanation:

Cost of Capital is calculated on a Weighted Average basis. This is because there is a Pooling of Funds when it comes to financing projects. So Cost of Capital is the Return that is Required by providers of Long Term source of finance.

Cost of Capital = E/V × Ke + D/V × Kd

Where,

E/V = Market Weight of Equity

      = 0.55

Ke = Cost of Equity

    = 15%

D/E = Market Weight of Debt

      = 0.45

Kd = Cost of Debt

     = 10%

Therefore,

Cost of Capital = 0.55 × 15% +  0.45 × 10%

                         = 12.75 %

4 0
2 years ago
this is something that im making in computers, it's a job and/or restaurant poster or something like that. tell me what u think
Alex Ar [27]

Answer:

Its good but u could use a chicken or turkey instead of the wolf if its for a restaurant and maybe come up with a slogan which fits like satisfying hunger aprt frm that it looks good

Explanation:

8 0
2 years ago
Read 2 more answers
a manufacturer of washing machines has expanded its plant and created excess capacity, just as the general economy takes a downt
levacccp [35]

Because the general economy takes a downturn, the company is likely to offer rebates and incentives for customers who purchase washing machines.

<h3>What are the rebates and incentives?</h3>

In marketing, these are techniques of marketing promotion that are used to entice, induce prospective customers.

Therefore, as the firm has expanded its capacity where the the general economy takes a downturn, it is likely to offer rebates and incentives for customers who purchase washing machines.

Read more about marketing promotion

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3 0
2 years ago
An upcoming convention has secured 300 rooms at $140 per room for Friday night. The rack rate for Friday night is $250 per room
m_a_m_a [10]

Answer:

$67,000

Explanation:

The total revenue will be income from the 300 rooms and that from 100 rooms

=(300 x $140) + ($100 x 250)

=$42,000 +$25,000

=$67,000

6 0
3 years ago
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