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strojnjashka [21]
3 years ago
6

Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a par

tnership). Timothy is married, and Prada is single. Each contributes $400,000 of capital to begin the business, and both materially participate in the business. In 2019, TGPS reports a net loss of $580,000. What are the implications of this loss for Timothy and Prada?
Business
1 answer:
xxMikexx [17]3 years ago
8 0

Answer:

Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.

On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.

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The National Egg Association has been promoting the benefits of eggs for many years. It aims to educate customers about the nutr
aleksandrvk [35]

Answer:

Education-based marketing

Explanation:

Education-based marketing unlike traditional marketing which is done through selling-based messages, are done by sharing important information and facts that help customers make a good buying decision.

Education-based marketing is the sharing of knowledge with the purpose of building trust. <u>It is a strategy that establishes credibility and trust with your customers by using educational messages particularly on the benefits they stand to gain by  using a product or service.</u>

8 0
3 years ago
Powers Company reported net sales of $1,250,000, average Accounts Receivable, net of $73,500, and net income of $53,150. The acc
ipn [44]

Answer:

17 times

Explanation:

Data provided in the given question :-

Net Sales = $1,250,000

Average account Receivable = $73,500

Net Income = $53,150

So, the accounts receivable turnover ratio is given below :-

Accounts receivable turnover ratio = Net sales ÷ Average accounts receivable

= $1,250,000 ÷ $73,500

= 17 times

Hence the net income is ignored for calculating the account receivable turnover ratio.

4 0
3 years ago
Which theme can be found in both "If" and The Jungle Book by Rudyard Kipling?
Mkey [24]

Answer:

The correct answer is D. learning to stand alone is part of growing up.

Explanation:

5 0
3 years ago
Read 2 more answers
Pell Company acquires 80% of Demers Company for $500,000 on January 1, 2010. Demers reported common stock of $300,000 and retain
natulia [17]

Answer:

$74,400

Explanation:

Pell Company

Pell's income from Demers for the year ended December 31, 2010

Controlling Interest Share of Net Income for 2010- Excess Fair value Annual Amortization

Controlling Interest Share of Net Income for 2010= ($100,000 × .80) $80,000

Less Excess Fair Value Annual Amortization =($7,000 × .80) $5,600

Pell Income= $74,400

8 0
2 years ago
What is the primary purpose of most television commercials?
seraphim [82]

option C to persuade, just took the test

3 0
3 years ago
Read 2 more answers
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