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bija089 [108]
3 years ago
10

Sweeney originally contributed $175,000 in cash for a one-fourth interest in the Gilbert LLC. During the several years that Swee

ney was a member of the LLC, his share of the LLC's income was $90,000 and he withdrew $75,000 cash. The LLC's liabilities are $80,000, of which Sweeney's share is $20,000. Sweeney sells his LLC interest to Jana for $225,000 cash, with Jana assuming Sweeney’s share of the LLC’s liabilities.
How much is Sweeney’s gain on the sale, and how much is Jana’s adjusted basis for her LLC interest?
Business
1 answer:
aev [14]3 years ago
8 0

Answer:

Sweeny’s gain on sale is a 125,000 and it is a capital gain.

Jana’s adjusted basis is 225,000 for her LLC Interest.

Explanation:

Hope that helps :)

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If you wanted to make sure a company has enough money available to pay its bills, which financial statement would be most helpfu
LenaWriter [7]

Answer:

D. Cash flow statement

Explanation:

A cash flow statement refers to a financial statement which is used to record and summarize the amount of liquid assets (cash and cash equivalents) entering and leaving a business entity.

Cash flow can be defined as the net amount of cash and cash-equivalents that is flowing into (received) and out (given) of a business. There are three components of the cash flow;

1. Operating cash flow: all cash generated from the business activities of an organization.

2. Financing cash flow: all payments made by an organization and profits from issuance of debts and equity.

3. Investing cash flow: costs associated with purchasing of capital assets and investments of cash resources in other businesses.

Hence, if you want to make sure a company has enough money available to pay its bills, the financial statement which would be most helpful is the cash flow statement because it is used to measure and analyze how well the company is doing financially in terms of generating revenue to pay its bills and debts.

5 0
4 years ago
If the federal open market committee decides to increase the money supply, then
OLEGan [10]

Answer:

the Federal Reserve creates dollars and uses them to purchase government bonds from the public.

Explanation:

The money supply is increased by the Federal Reserve Open Market Committee under expansionary monetary policy actions to increase the level of aggregate demand in the market and push the level of output when business activity in the economy is low and the economy is experiencing a recession.

The FOMC creates dollars and uses them to purchase government bonds from the public that injects money in the market by increasing the credit creation capacity of commercial banks. As the money supply increases, the spending capacity of consumers is increased, either by lowering the cost of debt on their credit cards or by increasing employment in the market with increased investments by firms as they borrow with greater zeal when the cost of borrowing is low.  

8 0
3 years ago
Read the short scenario and answer the question that follows. ​Lisa's credit card balance this month is​ $969.16. Her APR​ (annu
mario62 [17]

Answer:

76 months

Explanation:

If Lisa only pays the $20 minimum monthly payment, it will take her 76 months to repay her debt (6 years and 4 months). She will also end up paying almost $540 in interest.

If you have a credit card it is never a good idea to pay only the minimum monthly payment since you will end up paying a lot of interest and usually other fees and charges apply.

5 0
3 years ago
how do polling firms respond to the difficulties of obtaining a body of respondents that truly reflects the population at large?
SSSSS [86.1K]

By weighing the responses of diverse groups, polling companies attempt to overcome the challenges of assembling a sample of respondents that accurately reflects the entire population.

<h3>What is a survey research ?</h3>

The definition of survey research is "the gathering of data from a sample of people through their responses to questions". A variety of techniques can be used to find participants, gather data, and instrument the study in this type of research. Both quantitative and qualitative research methods can be applied to surveys.

Historically, large-scale population-based data gathering has been a component of survey research. This kind of survey research's main goal was to quickly gather information on the features of a wide sample of interesting people. Consumer feedback surveys and large census surveys that gather data on demographic and personal characteristics are two prominent examples. These questionnaires, which were frequently mailed out, were designed to gather information for programs or products aimed at a specific population or group or to describe the demographic characteristics of individuals.

To know more about survey research, visit :

brainly.com/question/16255150

#SPJ4

The complete question is mentioned below :

Polling firms respond to the difficulties of obtaining a body of respondents that truly reflects the population at large by:

a. sampling the responses of the target group.

b. weighting the responses of various groups.

c. randomly selecting the best responses.

d. counting the number of positive responses.

e. counting the number of negative responses.

8 0
1 year ago
You are the star of a blockbuster movie. You can get paid $10,000,000 today or you can get 5.00% of the gross ticket sales for t
Gnoma [55]

Answer:

Gain in PV = $1,449,268

Explanation:

Annual % of gross ticket sales = 5%  * $50,000,000

Annual % of gross ticket sales =$2,500,000

Present value of annuity = Annuity[1-(1+interest rate)^-time period]/rate

Present value of annuity = $2,500,000[1-(1.03)^-5]/0.03

PV = $2,500,000*4.579707187

PV = $11,449,268

Gain in PV terms= =$11,449,268-$10,000,000

Gain in PV = $1,449,268

6 0
3 years ago
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