How am I still single.

First month plus a security deposit is an example of this operating expense.

Anika [276]

It would be rent lol

3 0

3 years ago

Justin and Lauren are equal partners in the PJenn Partnership. The partners formed the partnership seven years ago by contributi

Salsk061 [2.6K]

Answer:

PJenn Partnership

a. The amount and character of Justin's recognized gain or loss:

Justin has a recognized gain of $3,000 ($25,000 - $22,000). The character of Justin's recognized gain or loss must have substantial economic effect.

b. Justin's remaining basis in his partnership interest = $1,000 ($2,000/2) in the property distribution to the partnership.

c. The amount and character of Lauren's recognized gain or loss:

Lauren has a recognized gain of $3,000 ($25,000 - $22,000). The character of Justin's recognized gain or loss must have substantial economic effect.

d. Lauren's basis in the distributed assets is $22,000, which is her outside basis.

e.Lauren's remaining basis in her partnership interest = $1,000 ($2,000/2) in the property distribution to the partnership.

Explanation:

a) Data and Calculations:

Partner Outside Basis Partner Distribution

Justin $22,000 $25,000 cash

Lauren 22,000 $18,000 cash + $7,000 in property

Property $2,000 to Partnership

Justin and Lauren's recognized gain or loss is determined by the amount of the sale minus the partner's interest, which is often referred to as the partner's outside basis.

Justin's and Lauren's remaining basis in the partnership is the amount of the fair market value of property remaining after Lauren's share in the property.

4 0

3 years ago

The following is the cash flow from a manufacturing plant in the next five years:

Svetllana [295]

Answer:

The sum of the present values of the stream of cash flows is $1,011,772.58

Explanation:

We need to compute the present value of the cash flows separately for each amount

The first cash flow is occurring at the end of the first year

We use the formula PV = FV/(1+i)^n

Where PV = Present Value, FV = Future value, i = Interest rate, which is the rate at which the cash flows are to be discounted and n = the year in which the cash flow occurs

Plugging the values in the formula, we get the present value for the first year

PV = 250,000/(1+0.065)^1 = 250,000/1.065 = 93,896.71= $93,896.71

The present values for the successive years are provided as under

PV = 20,000/(1+0.065)^2 = 20,000/(1.065)2 = 17,633.1857= $17,633.1857

PV = 180,000/(1+0.065)^3 =180,000/(1.065)3 = 149,012.8365= $149,013.8365

PV = 450,000/(1+0.065)^4 =450,000/(1.065)4 = 349,795.3909= $349,795.3909

PV = 550,000/(1+0.065)^5 =550,000/(1.065)5 = 401,434.4601= $401,434.4601

Adding up the present values for each of the years, we obtain the present value of the cash flow stream

93,896.71+17,633.1857+149,013.8365+349,795.3909+401,434.4601 = $1,011,773,.58 approximately (only the final answer is rounded off to two decimal points)

The solution in word format is also attached here

Download docx

6 0

3 years ago

Although Tracith is one of the best supermarkets in the coastal town of Dawntonia, it fails to retain customers. To solve this p

adell [148]

Answer:

The answer is B.The entrepreneur role.

Explanation:

6 0

3 years ago

The consumer sales promotion that involves the use of a brand-name product in a movie, television show, video game, or a commerc

Marianna [84]

Answer:

The answer is option (C) product placement.

Explanation:

Product placement is a strategic advertising technique in which companies, firms and businesses subtly promote their products or brands through a non-traditional advertising technique such as appearance of the product or brand in films, video games, movies, television show or a commercial for another product.

In other words, companies, firms and businesses are said to have carried out product placement when they pay for their products or brands to appear or to be featured in films, video games, movies, television show or on a commercial for another product.

8 0

3 years ago