Answer: a. $5000 b. $35000 c. Adele
Explanation:
The balance sheet is a report which summarizes all of an entity's assets, the liabilities, and the equity at a given point in time.
Based on the balance sheet in the question, the following can be calculated:
a. The 754 adjustment will be the difference in the sale of interest and Susan's capital balance. This will be:
= Sale of interest - Dusan's capital balance
= $35,000 - $30,000
= $5000
b. Adele's basis in the acquired interest will be the value at which she acquired the interest. This will be = $35,000
c. Adele is the partner who receives deductions related to the step-up
A inventor is someone who made something and entrepreneur is someone who start there own business
Answer:
Most likely, Rob will get promoted, while Chuck will remain at the same position. Work-life balance is always needed - leisure time is essential to catch up wit friends and enjoy the activities you love the most. However, it is always wise to look at the spare time spent in learning as an investment - you never know how will it pay off (current job promotion or better skill set for a future job).
Answer:
1. Tons of pulp completed and transferred out in June:
= Beginning Work in Process + Started into production in June - Ending WIP
= 80,600 + 301,100 - 51,900
= 329,800 tons
2. Equivalent units for Materials:
= Units completed and transferred out + Ending Equivalent units
= 329,800 + (51,900 * 42%)
= 351,598 tons
Equivalent units for Labor:
= 329,800 + (51,900 * 17%)
= 338,623 tons
D'anthony borrowed $ 50,000, which is the principal amount.
The repayment was $5,000 per year therefore after 15 years he will have paid a total of 15 × $ 5000 = $75,000.
Therefore, the interest accrued will be $75,000 - $ 50,000 = $ 25,000
By calculation interest is given by principal × rate×time
hence, rate = interest ×100 / principal × time
= 25,000 ×100 / 50,000 ×15
= 3.333%
Therefore, the rate of interest was 3.33% per annum