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Finger [1]
3 years ago
14

Tim, a single taxpayer, operates a business as a single-member LLC. In 2018, his LLC reports business income of $394,000 and bus

iness deductions of $689,500, resulting in a loss of $295,500. What are the implications of this business loss?
Tim has an excess business loss of $_________.


Can this business loss be used to offset other income that Tim reports? If so, how much? If not, what happens to the loss?


Tim may use $____________ of the $295,500 LLC business loss, to offset nonbusiness income . The excess business loss is treated as part of Tim's NOL carryforward .

Business
1 answer:
Allushta [10]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in athe following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

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According to the Securities Act of 1933, an individual who participates in the original distribution of securities by selling su
mamaluj [8]

Answer:

D. underwriter

Explanation:

Based on the information provided within the question it can be said that the individual being described in the question is called an underwriter. Like mentioned in the question this is an individual who guarantees sale of securities and accept the financial risk of liability arising from the guarantee on behalf of the issuer of the securities in question.

3 0
3 years ago
Magic Realm, Inc., has developed a new fantasy board game. The company sold 16,400 games last year at a selling price of $70 per
olga nikolaevna [1]

Answer:

feelsbad

Explanation:

8 0
3 years ago
Which best describes how advertising influences consumer choice in an oligopoly?
allsm [11]

Answer:

• Advertising undermines competition.

Explanation:

Oligopoly is a market structure which contains the small kind of firms in that it have non-significant influence. The concentration ratio defines the highest firms market share

As per the given options, the advertising impact the choice for the consumer in an oligopoly at the time when advertising undermines the competition

Therefore the option b is correct

And, the rest of the options are wrong

5 0
3 years ago
Suppose Ike’s Bikes is currently producing 100 bikes per month in its only factory. Its short-run average total cost is
Naddika [18.5K]

The short-run average total cost of Ike's Bikes of producing 100 bikes is $360.

<h3>What is the short-run average total cost ?</h3>

The short-run is a production period where some of the factors used in the production process are fixed and others are variable. The  short-run average total cost is the total cost divided by total output. Total cost is the sum of fixed cost and variable cost.

Please find attached the complete question. To learn more about average cost, please check: brainly.com/question/26959638

6 0
2 years ago
Power Inc. has two divisions, Windsor and Ridge. Following is the income statement for the past month: Windsor Ridge Total Sales
Morgarella [4.7K]

Answer:

- $ 80,000

Explanation:

The existing Power's profit margin is $0 ($41,700 - $41,700 + $0).

<u>Dropping Windsor division has the following effect :</u>

Increase in cost - opportunity cost of $ 80,000

<em>The opportunity is due to lost contribution </em>

Fixed costs are unavoidable thus, they are irrelevant when doing this calculation.

thus,

Power's profit margin will be - $ 80,000 if the Windsor division was dropped.

8 0
3 years ago
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