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
shepuryov [24]
3 years ago
7

Lola owns a one-half interest in the Lenax LLC. Her basis in this ownership interest is $22,000 on December 31, 2016, after acco

unting for the calendar year LLC’s 2016 operations. On that date, the LLC distributes $25,000 cash to Lola in a proportionate nonliquidating distribution.She recognizes a $___________ from this distribution.
Business
1 answer:
Marina CMI [18]3 years ago
7 0

Answer:

The answer is Lola should acknowledge a $3,000 from this distribution.

Explanation:

From the question given, we say that, Lola should acknowledge a $3,000 from this distribution.

Recall that

The Cash Distributed  cash = $ 25,000

The Basis in this ownership of interest is  = $22,000

The Gain = $3,000

Lola basis after the distribution is zero.

Therefore Lola should accept this distribution of a $ 3000

You might be interested in
Chuck Stout is the RM for the Holiday Inn Express. His 220-room property normally sells 85 percent of its rooms on Tuesday night
Dmitriy789 [7]

Answer:

winning the group romm contract: $14,967.50

normal tuesday revenue                    $16,175.50

Explanation:

group contract:

125 rooms x $ 109       =  13,625

normal rooms:

(220-125)   x $ 141.50  = <u>  13,442.5  </u>

       total revenue:          27,067.5

variable cost: 220x55=  (12,100)

   contribution:                14,967.5

If it doesn't win the contract

will sale 220 x 85% = 187 rooms at 141.5 each

187 rooms x (141.5 - 55) = 16.175,5‬

3 0
3 years ago
The balance sheet of Hidden Valley Farms reports total assets of $450,000 and $550,000 at the beginning and end of the year, res
hoa [83]

Answer:

Hidden Valley's Asset Turnover = 1.6

Explanation:

Average Total Asset = (Total Assets at the beginning of the year + Total Assets at the end of the year)/2

Average Total Asset = (450,000+550,000)/2

Average Total Asset = 1,000,0000/2 = 500,000

Asset Turnover = Net Sales / Average Total Asset

Asset Turnover = 800,000/500,000

Asset Turnover = 8/5

Asset Turnover = 1.6

7 0
3 years ago
Read 2 more answers
The Wildhorse Company has disclosed the following financial information in its annual reports for the period ending March 31, 20
kiruha [24]

Answer: $535,251.25

Explanation:

Cash flow to investors from operating activities is calculated by:

= EBIT + Depreciation - Taxes

EBIT = Sales - Cost of goods sold - Depreciation

= 1,484,000 - 803,000 - 175,000

= $506,000

Taxes = Tax rate * (EBIT - Interest)

= 35% * (506,000 - 89,575)

= $145,748.75

Cash flow to investors = 506,000 + 175,000 - 145,748.75

= $535,251.25

3 0
3 years ago
Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most bal
Paladinen [302]

Answer:

1. The GDP deflator for this year is calculated by dividing the <u>value of all goods and services produced in the economy this year</u> using <u>this year's prices </u>by the <u>value of all goods and services produced in the economy this year </u>using <u>the base year's prices</u> and multiplying by 100.

This is why the formula for the GDP deflator is = GDP by year n prices/ GDP by base year prices.

2. However, the CPI reflects only the prices of all goods and services<u> bought by consumers. </u>

<u />

3. Which does an increase in the price of a Chinese-made car that is popular among U.S. consumers show up in? - <em><u>B) CPI</u></em>

The Chinese-made car is not made in the US and is included in the basket of goods consumers buy which is used to calculate calculate CPI.

4. Which does a decrease in the price of a Treewood Equipment feller buncher, which is a commercial forestry machine that cuts and stacks trees show up in? - <em><u>A) GDP Deflator</u></em>

This is not part of the goods in the basket and it is assumed to be made domestically so it is part of the GDP Deflator.

4 0
3 years ago
In negotiations the ________ task involves how the benefits of the relationship will be allocated between the parties. distribut
Brut [27]

Answer:

The correct answer to the given question is option A) distributive task.

Explanation:

When the negotiations are under way , the task which is performed to determine how the benefits of the relationship from the negotiation would be distributed among the parties involved in the negotiation is Distributive task.

So the correct option is A .

3 0
3 years ago
Other questions:
  • When members for the industrial workers of the world demnaded change for conditions in the copper mines of ________ the phelps d
    7·1 answer
  • Researchers often wish to measure consumers' satisfaction toward certain products and might ask consumers to specify their feeli
    10·1 answer
  • Please help!!!!!!!!!!!
    13·1 answer
  • ​suppose you are enjoying a conversation with a friend in your car, when a vehicle pulls up next to you with the audio system tu
    10·1 answer
  • Dana wants to purchase a new pair of shoes from the internet. What steps should she take to ensure her identity is protected whi
    7·1 answer
  • Consider a retail firm with a net profit margin of 3.42 %​, a total asset turnover of 1.88​, total assets of $ 45.9 ​million, an
    12·1 answer
  • Suppose that the real exchange rate between the United States and Kenya is defined in terms of baskets of goods. Which of the fo
    7·1 answer
  • At December 31, DePaul Corporation had the following cumulative temporary differences associated with its operations:_____.
    7·1 answer
  • Select the correct answer. Which sentence best describes the main effect of the English Bill of Rights? A. It gave Parliament th
    12·1 answer
  • What are the advantages of researching your occupational field?
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!