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Lana71 [14]
3 years ago
13

Edward is a partner in ENS, Ltd. The partnership generated a loss during the current year. Edward's share of the loss was $7,000

. How should Edward handle the loss for tax purposes assuming there are no basis, at-risk, or passive loss limitations?
Business
1 answer:
antiseptic1488 [7]3 years ago
3 0

Answer:

Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the  partners.

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Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,100 client-visits,
Degger [83]

Answer:

$354 Favorable

Explanation:

Net Operating Income in Planned budget = Revenue - Total Expense

Net Operating Income in Planned budget = (3,100*$35.10) - (3,100*$17.40 + $44,400)

Net Operating Income in Planned budget = $108,810 - $98,340

Net Operating Income in Planned budget = $10,470

Net Operating Income in Flexible budget = Revenue - Total Expense

Net Operating Income in Flexible budget = (3,080*$35.10) - (3,080*$17.40 + $44,400)

Net Operating Income in Flexible budget = $108,108 - $97,992

Net Operating Income in Flexible budget = $10,116

Activity variance for net operating income = Net Operating Income in Planned budget - Net Operating Income in Flexible budget

Activity variance for net operating income = $10,470 - $10,116

Activity variance for net operating income = $354 Favorable

7 0
3 years ago
The section of his business plan in which Jones sets forth the purpose of his cabinet-making business-its reason for existing-is
lorasvet [3.4K]

Answer:

The correct answer is letter "C": "Mission Statement".

Explanation:

A company's mission statement represents the objective that the firm must set. That objective must last and should be adaptable to the changes it could be exposed to. It clearly states the purpose of the company and why it exists and operates. The mission statement also identifies by whom the entity is formed and their respective functions.

4 0
3 years ago
In the context of Web marketing, the _____ is computed by dividing the number of clicks an ad gets by the total impressions boug
s2008m [1.1K]

Answer:

Click-through rate

Explanation:

In the context of Web marketing, the click-through rate is computed by dividing the number of clicks an ad gets by the total impressions bought.

5 0
2 years ago
Costly Corporation is considering using equity financing. Currently, the firm's stock is selling for $31.00 per share. The firm'
Setler [38]

Answer:

Cost of external equity= 26.9%

Explanation

<em>According to the dividend valuation, the value of a stock is the present value of expected future dividends discounted at the required rate of return.</em>

The model can me modified to determined the cost of equity having flotation cost as follows:

Ke = D(1+r )/P(1-f) + g

Ke= Cost of equity

D- current dividend,

D(1+g) - dividend next year

p- price of stock - 31,00$

f - flotation cost - 14%

g- growth rate - 7%

Ke= 5.30/31× (1-0.14)  +  0.07

 = 0.2687997  × 100

= 26.9%

4 0
3 years ago
Describe a communication situation with all the elements of communication​
Mariana [72]

Explanation:

Simply, we can define communication as “sharing of ideas or feelings with others.” Communication takes places when one person transmits information and understanding to another person. There is a communication when you respond or listen to someone. Movements of lips, the wave of hands or the wink of an eye may convey more meaning than even written or spoken words. The basic elements of communication process include communicator, communicatee, message, channel and feedback.

- Communicator is the sender, speaker, issuer or writer, who intends to express or send out a message.

- Communicatee is the receiver of the message for whom the communication is meant. The communicatee receives the information, order or message.

- Message, which is also known as the subject matter of this process, i.e., the content of the letter, speech, order, information, idea, or suggestion.

- Communication channel or the media through which the sender passes the information and understanding to the receiver. It acts as a connection between the communicator and the communicatee, i.e., the levels of communication or relationships that exist between different individuals or departments of an organization.

- Feedback, which is essential to make communication, a successful one. It is the effect, reply or reaction of the information transmitted to the communicatee.

Firstly, the communicator develops an exact idea about concepts, beliefs or data that he wants to convey. Then he translates the idea into words, symbols or some other form of message which he expects the receiver to understand. The communicator picks out an appropriate medium for transmitting the message. The message is then received by the communicate. The communicate acts upon the message as he has understood it. Finally, the effectualness of communication is assessed through response or feedback. If the communication brings in the desired changes in the actions, it is said to be successful communication.

Hope It Helps Pls Mark BranLiest

8 0
3 years ago
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