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LenKa [72]
3 years ago
15

Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin

g of the year, Jerry's tax basis in his partnership interest was $44,000. His current-year Schedule K-1 reported an ordinary loss of $9,000, long-term capital gain of $4,600, qualified dividends of $3,600, $2,100 of non-deductible expenses, a $26,000 cash contribution, and a reduction of $5,600 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest (outside basis) at the end of the year
Business
1 answer:
Ierofanga [76]3 years ago
3 0

Answer: $61,500

Explanation:

Jerry's adjusted basis in his partnership interest at the end of the year is determined by adding his cash contributions, long-term capital gain, and qualified dividends to the original tax basis.

There will also be deductions of the non-deductible expenses, ordinary loss and his share of the reduction in partnership debt.

Jerry's adjusted basis at the end of the year = ( 44,000 + 26,000 + 3,600 4,600) - ( 2,100 + 9,000 + 5,600)

= 78,200 - 16,700

= $61,500

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The measurement of how efficiently and effectively a manager uses resources to satisfy customers and achieve organizational goal
Elodia [21]

Answer:

Effectiveness

Explanation:

Organizational effectiveness shows the extent to which resources have been efficiently managed to produce intended results.

Efficiency has to do with maximal uses of resources available (i.e  input versus output) while effectiveness show whether desirable outcomes have been achieved i.e whether organizational objectives are being achieved.

4 0
4 years ago
Which form of promotion is most suitable to promote complex and technical products such as automobiles, computers, and investmen
TEA [102]

The form of promotion that would work for technical products like automobiles is b. Informative promotion.

<h3>What is informative promotion?</h3>

This is where features of the good being advertised are elaborated on to ensure the viewer understands the product's functionality.

This is useful for technical products like computers and cars as there is a need for customers to know what makes them better.

Options for this question include:

a. Persuasive promotion

b. Informative promotion

c. Connective promotion

d. Reminder promotion

Find out more on types of promotion at brainly.com/question/11131986

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6 0
2 years ago
​Mercer, Inc. provides the following data for​ 2019: Net Sales Revenue Cost of Goods Sold The gross profit as a percentage of ne
Setler [38]

The question is incomplete as it is missing the figures. The complete question is,

Mercer, Inc. provides the following data for​ 2019:

Net Sales Revenue 598000

Cost of Goods Sold 350000

The gross profit as a percentage of net sales is​ ________. (Round your answer to two decimal​ places.)

Answer:

Gross profit as a percentage of net sales = 0.4147 or 41.47%

Explanation:

The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.

Gross profit = Net Sales - Cost of goods sold

Gross Profit = 598000 - 350000   = $248000

The gross profit as a percentage of net sales is,

Gross profit as a percentage of net sales = Gross profit / Net Sales

Gross profit as a percentage of net sales = 248000 / 598000

Gross profit as a percentage of net sales = 0.4147 or 41.47%

5 0
3 years ago
A computer shop with three processes (repair, upgrade, and checkout) has two types of customers (upgrade and repair/enhance). A
netineya [11]

Answer:

2upgrade and 21 repair \enhance

6 0
2 years ago
At Cost At Retail Inventory, February 1, 2020 $89,550 $99,500 Markdowns 35,000 Markups 63,500 Markdown cancellations 20,500 Mark
Taya2010 [7]

Answer:

$73570

Explanation:

See attached file

8 0
3 years ago
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