Answer:
$0
Explanation:
We know that:
- Isabella is 30% Partner In ITV
- with basis of $40000
ITV Distribute
s:
- $32,000 cash
- $32,000 inventory (Inside Basis $16,000)
- $16,000 receivable (Inside Basis $24,000)
Therefore, we calculate Isabella's net gain or loss
$32000 × 30% = $9,600 Cash
$32000 × 30% = $9,600 Inventory
$24000 × 30% = $7,200 Receivable
The total amount is
$9600 + $4800 + $7200 =$21,600
Therefore Isabella's net gain or loss will be $40,000 - $21,600 = $18,400.
From the calculations, Isabella will have $0 gain or loss from the liquidating distribution
Answer:
d. $72.41 per setup
Explanation:
The computation of the activity rate for the machine setup activity pool is as follows;
The Activity rate for the Machine setups activity cost pool is
= Estimated overhead cost ÷ Total machine setup
= $50,687 ÷ 700
= $72.41 per setups
Hence, the activity rate for the machine setup activity pool is $72.41 per setup
Therefore the option d is correct
It is most likely that a judicial foreclosure will be used when a lending seek the court’s permission to foreclose on a property used as collateral for a loan that is in default.
<h3>What is a foreclosure process?</h3>
Basically, a foreclosure refers to the legal process that allows lenders to recover the amount owed on a defaulted loan by taking ownership of and selling the mortgaged property.
The judicial foreclosure involves the foreclosure proceedings that take place through the court system. This process occurs when a mortgage note lacks a power of sale clause which would legally authorize the mortgage lender to sell the property if a default occurred.
Read more about foreclosure process
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Answer:
report talk
Explanation:
The conversation between Pat and Gerard is a classic example of report talk, where the individuals included in the conversation simply state facts about various things, giving little to no emotions into what they talk about.
This conversation ritual is opposed to rapport talk, where emotions and empathy are infused in the conversation.
