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Vesnalui [34]
3 years ago
5

A client is interested in becoming a limited partner of a DPP (direct participation program). He signs a subscription agreement

for the DPP. This would indicate all of the following EXCEPT:
(A) He has provided verification in relation to his net worth
(B) He has agreed to provide the general partner of the DPP with a power of attorney in relation to matters of the DPP
(C) He has indicated agreement in relation to subscription to the DPP offering
(D) He has become a limited partner and received approval as such.
Business
1 answer:
maw [93]3 years ago
7 0
The Correct answer is B
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Which of the following is NOT a federal income tax deduction?
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Answer: a)

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Little Book LTD has total assets of $860 000. There are 75
malfutka [58]

a)Little book LTD earning per share is $1.118 per share.  

Explanation:

To calculate earning per share we will use following formula:

\frac{net income}{weighted average  shares outstanding}

Now to find net income we will take help of  asset turnover ratio :\frac{net sales}{total asset}

Asset turnover ratio = \frac{x}{860000}

\begin{align}\frac{x}{$86000}\end{align}1.5 × $860000 = x

x (net sales) = $1290000

Outstanding shares = 75000 shares

So Net Income  = $1290000×.065

                          = $83850

Now Earning per share = \frac{83850}{75000}

    Earning per share = $1.118

b)  Market to Book Ratio will be 1.2 for Little Book LTD.

Explanation:

Market to Book Ratio =\frac{Market Capitalization}{Total Book Value}

Market Capitalization = $ 75000× $ 12

                                    = $900000

So, Market To Book Ratio =\frac{900000}{750000}

       Market To Book Ratio = 1.2            

5 0
3 years ago
Bonnie's coworker reports an error that Bonnie made to the manager. Bonnie is mad and gets back at her coworker by starting an u
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Answer:

<u>Unethical work behavior</u>

Explanation:

It is very unfortunate in many organization for such kind of scenarios to occur which could lead to dismissal from work if the  gets to know about the attitude.

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3 years ago
What role do governments play in the free enterprise system?
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I would think the answer is C.

6 0
2 years ago
Read 2 more answers
Adnan Hassan earned 5% commission as a sales trainee. After
wel

Answer:

He earns $296780 as a Sales Trainee and $377094 as a Sales Associate

<em />

Explanation:

Given

Let x represents his sales as a sales trainee

Let x represents his sales as a sales associate

Total Sales: x + y = 673874

Total Commission: 0.05x + 0.08y = 45006.52

Required

Find x and y

Equations

x + y = 673874 --- (1)

0.05x + 0.08y = 45006.52 --- (2)

Make  y the subject of formula in (1)

x + y = 673874

y = 673874 - x

Substitute this in (2)

0.05x + 0.08y = 45006.52

0.05x + 0.08(673874 - x) = 45006.52

Open Bracket

0.05x + 53909.92 - 0.08x = 45006.52

Collect Like Terms

0.05x  - 0.08x = 45006.52 - 53909.92

- 0.03x = -8903.4

Divide through by -0.03

x = \frac{-8903.4}{-0.03}

x = 296780

Recall that

y = 673874 - x

y = 673874 - 296780

y = 377094

<em>Hence;</em>

<em>He earns $296780 as a Sales Trainee and $377094 as a Sales Associate</em>

8 0
3 years ago
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