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Ainat [17]
3 years ago
10

Jerilyn is a 30% partner in the APJ Partnership when she sells her entire interest to Melly for $92,000 cash. At the time of the

sale, Jerilyn’s basis in APJ is $75,000. APJ does not have any debt or hot assets. What is Jerilyn’s gain or loss on the sale of her interest?
Business
1 answer:
k0ka [10]3 years ago
4 0

Answer:

Jerilyn will have a gain of $17,000 from sale of her interest

Explanation:

Jerilyn will recognize a gain on the sale of her interest and the gain amount would be $17,000 which is computed from the difference among her basis in APJ of $75,000 and sells her interest for $92,000 ($92,000 - $75,000).

She recognizes the gain as she receives the only cash for selling her interest and the amount is more than her basis in her partnership interest and also APJ has no hot assets, therefore, the gain will be recognized as capital.

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The equipment salesperson asked the professional landscaper, "Did you know the RedMax brand backpack blower can save you time an
Greeley [361]

Answer:

B. customer benefit

Explanation:

Based on the information provided within the question it can be said that the salesperson was using a customer benefit approach. This refers to when a salesperson states the ways and features that will make the product or service valuable to the customer. This is what the salesperson was doing in this situation by stating that the product can save the person time and money with it's features thus adding value.

If you have any more questions feel free to ask away at Brainly.

7 0
3 years ago
Identify each of the following transactions as:Operating activity (O)Investing activity (I)Financing activity (F)Noncash investi
Artist 52 [7]

Answer: i think is Acquisition of building by issuance of common stockn

Explanation:

i dont know if its correct but it will help you

8 0
3 years ago
As the "P" the price level falls:
Dimas [21]

Answer:

B. households want to lend more, so the interest rate falls, making the quantity of goods and services demanded rise.

Explanation:

Money is demanded for 3 purposes : Transaction demand (for buying selling), precaution demand ( for contingencies), speculative demand (for investment gains)

  • As prices fall & things get cheaper, money demanded for transaction purposes fall. It leads to money being demanded more for precautionary & speculative purpose.
  • This implies that households would lend money more, to earn more in form of interests. However, this increase in money funds supply will reduce their price i.e their interest.
  • Interest rate is the opportunity cost sacrifised for money consumed. Low interest rate means low opportunity cost of money consumption. So, it will be demanded more for spending on goods & services, goods & services demand will rise.
5 0
4 years ago
The Digby company will continue to train their existing workforce at their current level to help reduce turnover and improve pro
IrinaK [193]

Answer:

a. $1,200

Explanation:

Note: The full question is attached below

Number of training hours = 40 hour

Cost per hour = $30

Total cost = Number of hours * Per unit cost

Total cost = 40 * $30

Total cost = $1,200

7 0
3 years ago
Why is the supply curve a vertical line
AlladinOne [14]
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

Hope this helps! :)
5 0
3 years ago
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