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Flauer [41]
3 years ago
11

Ramon incorporated his sole proprietorship by transferring inventory, a building, and land to the corporation in return for 100

percent of the corporation’s stock. The property transferred to the corporation had the following fair market values and adjusted bases: FMV Adjusted Basis Inventory $ 10,000 $ 4,000 Building 50,000 30,000 Land 100,000 50,000 Total $ 160,000 $ 84,000 The fair market value of the corporation’s stock received in the exchange equaled the fair market value of the assets transferred to the corporation by Ramon. (Leave no answer blank. Enter zero if applicable. Negative amounts should be indicated by a minus sign.) c. What is Ramon’s basis in the stock he receives in his corporation?
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

Ramon’s basis in the stock he receives in his corporation is $84,000

Explanation:

The computation of Ramon’s basis in the stock received in his corporation would be $84,000 as this amount reflect the adjusted basis of the assets transferred to the corporation.  

These assets include inventory, building, and land. So, the total amount of the total assets would be received i.e based on an adjusted basis, not the fair market value  

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Kent Manufacturing produces a product that sells for $50.00 and has variable costs of $24.00 per unit. Fixed costs are $260,000.
ziro4ka [17]

Answer:

$29.50

Explanation:

The computation of the contribution margin per unit is shown below:

Contribution margin per unit = Selling price per unit - Variable cost per unit

where,

Selling price per unit is $50

And, the variable cost per unit = $24 - $3.5 = $20.5

Now put these values to the above formula  

So, the value would equal to

= $50 - $20.5

= $29.50 per unit

8 0
3 years ago
When a company in a declining industry attempts to minimize the amount of assets that are employed to reduce the cost structure
Iteru [2.4K]

Answer:

The correct answer will be "Divestment strategy".

Explanation:

  • Liquidating in something like a declining state of just an economy as soon as humanly possible.
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3 0
3 years ago
What the beneſts or disadvantages of corporations​
Temka [501]
Answer: Advantages of a corporation include personal responsibility protection, and easier access to bigger things. Disadvantages of a corporation include it being time-consuming and subject to double taxation, as well as having rigid formalities and protocols to follow...
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3 years ago
Disney positions its brand as “a magical world where your dreams come true.” In its brand positioning, what goal does Disney ach
mars1129 [50]

Answer:

By mentioning to be "a magical world where your dreams come true", Disney seeks to position its brand by appealing to the illusion of its youngest consumers, who believe and enjoy that magical world as they consider it to be real. In turn, it also targets a more adult audience, the parents of those children and even young adults who remember their childhood, and seek through Disney to return to that magical world far from the problems of daily life.  Thus, through empathy and the generation of nostalgia, Disney captures a market that is receptive to its products due to the sentimentality they imply.

8 0
3 years ago
The principle that each World Trade Organization member must accord to all other member countries tariff treatment no less favor
Firdavs [7]

Answer:

Most favoured nation principle

Explanation:

Most favoured nation (MFN) clause of the World Trade Organisation requires that when a nation trades with others the concessions, immunities, and privileges granted to one nation should be the the same granted to all WTO members.

It discourages discrimination where one nation in international trade is favoured above another.

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8 0
3 years ago
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