Answer:
The Rex’s gross income from the partnership in 2019 and 2020 is $1,20,000 and $1,80,000 respectively
Explanation:
The computation of the gross income for each year is shown below:
In 2019:
Gross income = Taxable income × percentage of interest in profits
= $400,000 × 30%
= $1,20,000
In 2020:
Gross income = Taxable income × percentage of interest in profits
= $600,000 × 30%
= $1,80,000
The withdrawn amount is not consider for computing the gross income. So, we ignored it
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Year A B
0 -$6000
1 -$500
2 -$1000
3 -$1500
4 -$2000
5 -$2500
-$6000 -$7500
We don´t have enough information to determine which project is the best. We need the cash flow of Project B.
But, I can provide with the Net Present Value (NPV) formula and calculate the NPV of project A. The project with the higher NPV is more profitable.
To calculate the Net present value, we need to discount the cash flows.
NPV= -Io + ∑[Cf/(1+i)^n]
Cf= cash flow
Project A:
NPV= -6,000 + 500/1.09 + 1,000/1.09^2 + 1,500/1.09^3 + 2,000/1.09^4 + 2,500/1.09^5
NPV= -$499.65
Answer C would be correct because it provides new assets to the corporation.
Answer:
Price of One Bush is $ 23
Explanation:
Suppose
bushes = B
trees = T
According to given condition:
13B + 4T = 487 (Eq: 1)
6B + 2T = 232 (Eq: 2)
Multiplying (Eq: 2) by 2
12B + 4T = 464 (Eq: 3)
Substractign (Eq: 3) from (Eq: 1)
13B + 4T - (12B + 4T) = 487 - 464
13B + 4T - 12B - 4T = 23
B = 23
By putting value of B in (Eq: 1)
(13 x 23) + 4T = 487
299 + 4T = 487
4T = 487 - 299
4T = 188
T = 188 / 4
T = 47
Price of One Bush = B = 23
Nobody understands maths and if you do you were sent from heaven