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liq [111]
3 years ago
10

A customer subscribes to a $10,000 limited partnership interest. The commission is $1,000. The up-front costs are $500 for legal

expenditures, and $500 for organization costs. What is the customer's beginning tax basis
Business
1 answer:
vazorg [7]3 years ago
3 0

Answer: customer's beginning tax basis =  $10,000

Explanation:

Customer's beginning tax basis are the initial cost of the partnership for commission legal and organizational fees and these are not deductible from the cost basis.

Given: A customer subscribes to a $10,000 limited partnership interest.

That means initial cost = $10,000

So, the customer's beginning tax basis =  $10,000

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Agee Company uses a process-costing system... Agee Company uses a process-costing system for its single product. Material A is a
4vir4ik [10]

Answer:

Agee Company

The equivalent units of production with respect to materials A and B in the ending work-in-process inventory are:

e. A, 6,000; B, 6,000.

Explanation:

a) Data and Calculations:

Material A is added at the beginning of the process and is 100% complete

Material B is added at the stage when Material A is 50% complete and is 100% complete at this stage.

If the firm's ending work-in-process inventory = 6,000 units that 75% complete, it implies that 100% materials of A were added and 100% materials of B were added.

Therefore, the equivalent units of materials A and materials B are 6,000 units each.

8 0
3 years ago
Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th
Reil [10]

Answer:

Option C is the right answer

Explanation:

In this question, we are asked to state what happens in a transaction given some level of information.

Firstly, we need to understand what a certificate of deposit is. A certificate of deposit referred to as CD is a kind of bank product that stipulates that a customer has agreed to leave a certain amount of money in the bank for a particular period of time untouched at an interest rate higher than normal and otherwise tagged as premium.

Now, it must be stated that it was after he was issued that there was a drop in prices. Whatever happens during the drop will not affect him and would be the bank’s concerns simply because his own rate had been predetermined and nothing could change this as he had been issued a contract to that affect.

A drop in price will thus make his initial deposits higher now since there is a drop in price will generally, the bank will bear the brunt of the drop in price hence, losing

6 0
4 years ago
SME Company has a debt-equity ratio of .60. Return on assets is 7.5 percent, and total equity is $486,000. a. What is the equity
polet [3.4K]

Answer:Equity multiplier=1.6

Explanation:

Debt equity ratio is given as  debt/equity , Therefore

Debt  = Debt equity ratio  X Equity

=0.60 x $486,000

= $291,600

The  Total assets given as Liability(debt+equity)  will now be

=$291,600+$486,000

=$777,600.

Therefore Equity multiplier, Total assets/Total equity

=(777,600/486,000)=1.6

7 0
4 years ago
In the downstream segment of the supply chain, managers coordinate the receipt of orders from customers, develop a network of wa
Blizzard [7]

Answer:

The correct option is True.

Explanation:

Every Supply Chain is generally divided into the two segments. Upstream and Downstream.

In the upstream segment, generally the dealings are with the raw material suppliers, packaging suppliers, and other suppliers from which the organization is receiving something.

The downstream segment is where the organization is selling, delivering and forwarding something.

It is similar to standing on a stream and adding water into it. The Upstream is what you are getting and the downstream is what you are giving.

6 0
3 years ago
Delivering health care goods and services requires several inputs, in economic terms. These inputs can be classified as either Q
Elina [12.6K]

Delivering healthcare goods and services requires several inputs in economic terms these inputs can be classified as either <u>labor</u><u> </u>or non-labor.

<h3>What are non-labor inputs?</h3>

Speaking from the perspective of the factors of production, on one hand, non-labor inputs refers to such inputs as:

  • Energy
  • Land
  • Capital
  • Information etc.

The amount of labor input is calculated as either the number of employees or the number of hours they put in during a specific time period, such a year.

The majority of nations gather information on the number of employees and are able to compute labor productivity as output per employee.

Learn more about labor inputs:
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#SPJ1

6 0
2 years ago
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