Answer:
mack tax basis in prairee on 31 december = 307000
correct option is a. $307,000
Explanation:
given data
tax basis = $320,000
net business income = $152,000
services rendered = $4,000
distribution = $50,000
solution
we know allocated income is here
allocated income = net business income - guaranteed payment
allocated income = 152000 - 4000
allocated income = 148000
so
mack share of net income is 25 % of allocated income
mack share of net income = 37000
so
mack tax basis in prairee on 31 december = 320000 + 37000 - 50000
mack tax basis in prairee on 31 december = 307000
Answer:
0.047424
Explanation:
Given that
Expected return of security M = 17%
Standard deviation of Security M = 32%
Expected return of security S = 13%
Standard deviation of security S = 19%
And, the correlation coefficient = 0.78
So, by considering the above information the co variance is
= Correlation coefficient × Standard deviation of Security M × Standard deviation of security S
= 0.78 × 0.32 × 0.19
= 0.047424
Answer:
The materials equivalent units is 37,700
Conversion costs equivalent units is 32,480
Explanation:
The equivalent units of production for materials can be computed thus:
Description quantity % of completion Equivalent units
Completed units 29000 100 29000
(37700-8700)
Ending inventory 8700 100 <u> 8700</u>
total equivalent units for materials 37700
The equivalent units of production for conversion costs can be computed thus:
Description quantity % of completion Equivalent units
Completed units 29000 100 29000
(37700-8700)
Ending inventory 8700 40 <u> 3480
</u>
total equivalent units for conversion costs 32480
I applied 100% percentage of completion to ending inventory when determining materials equivalent units and 40% percentage completion when determining equivalent units for conversion cots as it given in the question
You should open a joint bank account. Joint allows deposit or withdraw cash from your dual income. Can share with your family members. Income is safe with you having a joint account because you can monitor transaction.
