1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Angelina_Jolie [31]
3 years ago
15

Daniel acquires a 30% interest in the PPZ Partnership from Paolo, an existing partner for $43,000 of cash. The PPZ Partnership h

as borrowed $14,000 of recourse liabilities as of the date Daniel bought the interest. What is Daniel's basis in his partnership interest?
a. $47,200
b. $14,000
c. $57,000
d. $52.800
Business
1 answer:
jolli1 [7]3 years ago
4 0

Answer:

The right answer is a.

Explanation:

In order to calculate Daniel's basis in his partnership interest, first we have to calculate daniel share of the partnership liabilities.

According to the details, Daniel acquires a 30% interest in the PPZ Partnership from Paolo, and The PPZ Partnership has borrowed $14,000 of recourse liabilities as of the date Daniel bought the interest, hence

daniel share of the partnership liabilities = 14,000 * 30% = $4,200

Hence, Daniel's basis in his partnership interest= 43,000 + 4,200 = $47,200

You might be interested in
Financial markets and _______ channel _______ to_______ . They also channel money from individuals who want to _______ for the f
garik1379 [7]

Answer:

Financial intermediaries; savings; real investments; save; mutual funds; ETFs; commodity markets; shares; liquid; stock market; banks; CFO; bonds

Explanation:

Financial markets and FINANCIAL INTERMEDIARIES channel SAVINGS to REAL INVESTMENTS . They also channel money from individuals who want to SAVE for the future to those who need cash to spend today. A third function of financial markets is to allow individuals and businesses to adjust their risk. For example, MUTUAL FUNDS, such as the Vanguard Index fund, and ETF( educational trust funds) , such as SPDR's or "spiders," allow individuals to spread their risk across a large number of stocks. Financial markets provide other mechanisms for sharing risks. For example, a wheat farmer and a baker may use the COMMODITY MARKETS to reduce their exposure to wheat prices. Financial markets and intermediaries allow investors to turn an investment into cash when needed. For example, the SHARES of public companies are LIQUID because they are traded in huge volumes on the STOCK MARKET .

BANKS are the main providers of payment services by offering checking accounts and electronic transfers. Finally, financial markets provide information. For example, the CFO of a company that is contemplating an issue of debt can look at the yields on existing BONDS to gauge how much interest the company will need to pay.

7 0
3 years ago
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would b
rosijanka [135]

Answer:

The answer is D. Income statement

Explanation:

5 0
3 years ago
Margin of Safety Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Unit variable cost is $4
valina [46]

Answer:

Margin of safety - Units =3350

Margin of safety - Sales Revenue = $251250

Explanation:

Margin of Safety indicates how much sales may decrease before a loss can be made.

<u>Margin of safety - Units</u>

Margin of safety - Units = 5000-1650 =3350

<em>Margin of Safety as a % = 3350/5000 ×100 = 67%</em>

<u>Margin of safety - Sales Revenue</u>

Expected Sales = (5000 × $75) =$375000

Margin of Safety = $375000 × 67% = $251250

3 0
3 years ago
a(n) ______ team is a group of experienced people from different areas of business who join together to form a managerial team w
Aleks [24]

Entrepreneurial team  is a group of experienced people from different areas of business who join together to form a managerial team with the skills needed to develop, make, and market a new product.

<h3>What is Entrepreneurial team?</h3>

Entrepreneurial team serves as the team that come together to form a team of managers so that can carry out research to work on a new product.

They are usually from different areas of business with necessary skills for the work.

Learn more about Entrepreneurial team on:

brainly.com/question/16258491

#SPJ11

5 0
1 year ago
What role do governments play in the free enterprise system?
Afina-wow [57]

I would think the answer is C.

6 0
2 years ago
Read 2 more answers
Other questions:
  • Ford conducted research that gave them insights into characteristics of Gen Z. Although Ford finds the information important, th
    5·2 answers
  • A high school basketball team won 40% of its first 15 games. beginning with the 16th game, how many games in a row does the team
    13·1 answer
  • If the supply of aisle seats and middle seats on an airplane is the same, but the demand for aisle seats is greater than the dem
    13·1 answer
  • Company had net income of $265,307. Depreciation expense is $27,888. During the year, Accounts Receivable and Inventory increase
    11·1 answer
  • Presented here are long-term liability items for Skysong, Inc. on December 31, 2017.
    13·1 answer
  • Suppose that a small county is considering adding a guard rail to a dangerous curve by a river. The guard rail will cost $70,000
    9·1 answer
  • Surfer sam company produced 4,000 units of product that required 2.5 standard hours per unit. the standard fixed overhead cost p
    15·1 answer
  • Dingo Division’s operating results include: controllable margin of $150,000, sales totaling $1,200,000, and average operating as
    14·1 answer
  • Which of these would be considered the most expensive form of advertisement? A. Newspaper ad B. Radio ad c. Television ad D. Web
    9·1 answer
  • Your younger cousin Mary is a rising senior in high school this year and has been researching the cost of attendance at several
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!