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Morgarella [4.7K]
3 years ago
6

Rex became a partner with a 30% interest in the partnership profits when he invested $200,000. In 2019, the partnership generate

d $400,000 of taxable income, and Rex withdrew $100,000. In 2020, the partnership had $600,000 of taxable income and Rex withdrew $200,000. What is Rex’s gross income from the partnership in 2019 and 2020?
Business
1 answer:
avanturin [10]3 years ago
8 0

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The withdrawn amount is not consider for computing the gross income.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

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7 0
2 years ago
Suppose a ​-year, bond with annual coupons has a price of and a yield to maturity of . What is the​ bond's coupon​ rate? The cou
kari74 [83]

Complete Question:

Suppose a five-year, $1000 bond with annual coupons has a price of $903.35 and a yield to maturity of 5.6%. What is the bond's coupon rate?

Answer:

3.396% Approximately

Explanation:

We can calculate the coupon interest by using the formula given in the attachment.

Now, here we have:

F is the Face value which is $1000

P is the price of the bond which in this case is $903.35

C is the Coupon interest

n are the number of years which is 5 years in this case

Yield to Maturity is 5.6%

By putting the values in the given equation we have:

5.6% = [C        +    ($1000 - $903.35)/5 years]  /  [($1000 + $903.35)/2]

5.6% =   [C        +    19.33]  /  [951.675]

0.056 * 951.675 = C        +    19.33

53.2938 = C + 19.33

C = 53.2938 - 19.33

C = $33.96 approximate estimate.

Now we will find the coupon rate by using the following formula:

Coupon Rate = Coupon Interest / Face Value

By putting values, we have:

Coupon Rate = $33.96 / $1000 = 3.396% Approximately.

Accurate Coupon interest can be calculated using excel. The above answer gives minor difference in decimal points.

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3 years ago
Pigot Corporation uses job costing and has two production departments, M and A. Budgeted manufacturing costs for the year are as
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Answer:

Correct option is D.

<u> $200,500 </u>

Explanation:

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Total cost associated with Job. No. 432 = $57,000 + $54,000 + $89,500 = $200,500

7 0
3 years ago
suppose the returns on long term corporate bonds and T-bills are normally distributed. Based on the values below answer the foll
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Answer:

32.35% ( the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent )

Explanation:

Given data for long-term corporate bonds

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To calculate the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent ( USING THE NORM-DIST FUNCTION )

P( x > 10% ) = 1 - P(x<10%) = 1 - NORM-DIST (10,6.2,8.3,TRUE ) = 0.3235

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attached below is the missing part of your question

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Which term refers to the fundamental rethinking and radical redesign of a business activity to achieve dramatic improvements in
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<span>This fundamental rethinking and radical redesign of business to achieve major improvements in outputs is called as business process re-engineering. The process access and analyses the flow of work and other procedures that are carried in the business and make the necessary changes to the business plan.</span>
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