The business partnership of Richard Warren Sears and Alvah Curtis Roebuck in which it formed their company named "Sears" was one of the largest department store chain in the US. Their humble beginning had started when they began selling watches through the use of mail only.
Answer: 12.47%
Explanation:
First convert the APR to the relevant periodic rate.
The compounding is done daily so the periodic rate is:
= 11.75%/365
Effective Annual rate is calculated by the formula:
= ( 1 + periodic rate) ^ compounding period per year - 1
= ( 1 + 11.75%/365)³⁶⁵ - 1
= 12.47%
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Here the correct option is 1) $0.
Explanation:
Here Daniela will not recognize any gain because in the operating distribution, JRD partnership has not distributed money in an amount that is greater than Daniela's basis in the partnership interest and since a partner will never recognize a loss from partnership distribution , then Daniela will focus on reducing the basis of inventory she has received in the liquidation of her interest.
