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son4ous [18]
3 years ago
13

DIP LLC reports ordinary income (before guaranteed payments) of $120,000, rent expense of $40,000, and interest income of $4,000

for the year. In addition, DIP paid guaranteed payments to partner Percy of $20,000. If Percy owns a 40% capital and profits interest, how much income will he report for the year and what is its character?
Business
1 answer:
ahrayia [7]3 years ago
7 0

Answer:

$24,000 ordinary income

$1,600 interest income

$20,000 guaranteed payment.

Explanation:

Calculation for what how much income will Percy report for the year and what is its character

Calculation for Percy Ordinary income: 120,000 - 40,000 - 20,000

= 60,000 x 40%

= 24,000.

Calculation for Percy Interest income:

4,000 x 40%

= 1,600

Guaranteed Payment: 20,000

Therefore what Percy will report will be: $24,000 ordinary income

$1,600 interest income

$20,000 guaranteed payment.

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Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $367,402, would have a useful life of 7 ye
SCORPION-xisa [38]

Answer:

12%

Explanation:

initial investment $367,402

net cash flows 1 - 7 = $80,500

the IRR is the interest rate at which NPV = 0

we can calculate it by using Exhibit 13B-2 (present value of annuity in arrears)

$367,402 = $80,500 x present value of 7 year annuity in arrears

  • present value of 7 year annuity in arrears at 14% = 4.288
  • present value of 7 year annuity in arrears at 12% = 4.564
  • present value of 7 year annuity in arrears at 8% = 5.206

with 14% ⇒ $80,500 x 4.288 = $345,184

with 12% ⇒ $80,500 x 4.564 = $367,402 CORRECT ANSWER

with 8% ⇒ $80,500 x 5.206 = $419,083

5 0
4 years ago
Part-time workers who want full-time work are counted as: A.) fully employed and therefore the official unemployment rate may ov
Vesnalui [34]

Answer: B

Explanation:

6 0
3 years ago
Nodding your head or making a statement such as, “Oh no!” are examples of what during a conversation?
marusya05 [52]

Answer:

I think it would be, ''communication fillers used by a speaker to make their message more relatable.''

5 0
3 years ago
Read 2 more answers
As societies become larger humans devised new cultural systems to ____
Aloiza [94]
<span>Group Cohesion This can be termed as a bond that pulls individuals toward enrollment in a specific gathering and opposes separation from that gathering.</span>
3 0
4 years ago
All of the following are considered to be typical characteristics describing the nature of an insurance contract EXCEPT
slavikrds [6]

Answer:

Bilateral

Explanation:

According to my research on the different terms used when referencing an insurance contract, I can say that all of the answers provided except for Bilateral are considered typical characteristics describing the nature of an insurance contract. A bilateral contract is defined as an agreements between two parties in which each side agrees to fulfill his or her side of the bargain.

Since an insurance contract is a fund that the insurance company pays in the case of an accident in which the person is injured, there is only one party that agrees to fulfill their side of the bargain and that is the insurance company.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

3 0
3 years ago
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