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vfiekz [6]
3 years ago
9

During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60

percent, 20 percent, and 20 percent, respectively. assuming that the cash distribution referred to was made properly, how much would g receive if an additional $60,000 was distributed?
Business
1 answer:
allsm [11]3 years ago
8 0
During the liquidation of the fgh partnership, a cash distribution was made to all the partners, who share profits and losses 60 percent, 20 percent, and 20 percent, respectively. assuming that the cash distribution referred to was made properly, how much would g receive if an additional $60,000 was distributed?
<span>$12,000</span>
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This year, Linda Moore earned a $112,000 salary and $2,200 interest income from a jumbo Certificate of Deposit.She recognized a
olya-2409 [2.1K]

Answer:

a) salary $112,000

Interest income $2,200

Capital gain on stock -

gross income $114,200

capital gains and losses

capital gain 10,500

capital loss 15,300

Net capital loss = 4800

net loss offset on Gross income = 3000

Net Gross income $111,200

capital loss that is carried forward = $1800

b) salary $112,000

Interest income $2,200

Capital gain on stock -

gross income $114,200

CAPITAL LOSSES/GAINS

capital gain 16000

capital loss 15300

Net Capital gain = 700  

ADD taxable capital gains on Gross income

c) salary $112,000

Interest income $2,200

gross income $114,200

capital losses/ gains

capital loss 15300

capital loss 17000

Total Capital LOSS = $ 32300

Set off against income = (3000)

Losses carried forward =$29300

Explanation:

Capital losses can be offset on normal Gross income but only up to $3000 per year

6 0
3 years ago
How much are you willing to pay for one share of LBM stock if the company just paid an annual dividend of $2.24, the dividends i
Licemer1 [7]

Answer:

$18.33

Explanation:

The company just paid an annual dividend of $2.24

The dividend increase by 2.3% annually

= 2.3/100

= 0.023

The required return is 14.8%

= 14.8/100

= 0.148

Therefore the price that will be paid for one share of LBM stock can be calculated as follows

= 2.24 × (1+0.023)/(0.148-0.023)

= 2.24 × 1.023/0.125

= 2.29153/0.125

= $18.33

Hence $18.33 will be paid for one share of LBM stock

7 0
3 years ago
8. If the unemployment rate is below its natural rate, then ________. Group of answer choices output is above its potential leve
fgiga [73]

Answer:

Output is below its potential level.

4 0
3 years ago
Phoenix Farm, a firm that sells farm products, gathers fresh food products in one place for its customers. Customers can buy egg
natali 33 [55]

Answer:

Retailer

Explanation:

When a producer directly sells the goods to customers, who directly consume the goods rather than further sale, then the producer or seller is termed as retailer.

Goods on retail simply means sales for direct consumption.

Here, Phoenix Farms produces fresh food products which are directly consumables and are sold directly rather than involving intermediaries thus, he is a <u>retailer</u>.

5 0
3 years ago
Which of the following statements about cover letters is false?
Law Incorporation [45]

The false statement about cover letters is that: C. a cover letter is sent before a résumé so that the employer knows it is coming.

<h3>What is a cover letter?</h3>

A cover letter can be defined as a type of letter that is attached as an introduction and it generally accompanies another document such as a résumé.

This ultimately implies that, the false statement about cover letters is saying it's sent before a résumé to an employer of labor, so he or she knows it is coming.

Read more on cover letters here: brainly.com/question/24136973

#SPJ1

7 0
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