Items of value owned by a business are known as which of the following?

Jonas is a 60% owner of Ard, an S corporation. At the beginning of the year, his stock basis is zero. Jonas's basis in a $33,200

olya-2409 [2.1K]

Answer:

Capital gain $24,900

Explanation:

Jonas's Stock basis $33,200

Less $8,300

Capital gain $24,900

$24,900 cash distribution - Net share of Ard's taxable income $16,600= $8,300

Therefore Jonas's recognized capital gain

of $24,900

6 0

3 years ago

g An increase in demand is represented by a a. movement downward and to the right along a demand curve. b. movement upward and t

Lana71 [14]

Answer: c. rightward shift of a demand curve.

Explanation:

When there is movement along the demand curve, this is due to a change in the price of the good.

However, an increase in demand is noted by a rightward shift in the Demand curve. This is to signify that the demand has changed even though the price had remained the same. This shift is meant to signify that something else apart from price has caused an increase in demand such as an increase in income. After the shift, the price will have to change to reflect a new Equilibrium which will be the new intersection point with the Supply Curve.

I have attached a graph showing what happens when Quantity Demand increases.

4 0

3 years ago

The CEO introduced another overseas effort by noting that it represented an attempt to confront an international competitor. The

ahrayia [7]

The CEO was most likely referring to the following efforts : <u>d) a distribution center established in London to preempt the growth of a British car manufacturer</u>.

<u>Explanation</u>:

The company establishing its trade and investment activities across the national borders is known as international business.

The following are some of the factors of production:

i) Manufacturing infrastructure

ii) Technology

iii) Managerial talent

It is important for a company to take more effort and establish its distribution center overseas to confront the international competitors. In the above scenario, the CEO decided to establish his distribution center in London to block the growth of a British car manufacturer.

7 0

3 years ago

The _____ is the most important factor to consider when selecting a credit card if you do not pay the balance on your credit car

Marina86 [1]

B. annual fee? possibly

7 0

3 years ago

he appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $700 2 700 3 0 4 1

rewona [7]

Answer:

Thus, the present value is $2045.52.

Explanation:

Use the below formula to find the present value:

Present value = FV ÷ (1 + r/4)^(n*4)

Present value :

$=\frac{700}{(1 + \frac{0.08}{4} )^{1 \times 4} } + \frac{700}{(1 + \frac{0.08}{4} )^{2 \times 4} } + \frac{0}{(1 + \frac{0.08}{4} )^{3 \times 4} } +\frac{1100}{(1 + \frac{0.08}{4} )^{4 \times 4} } \\ \\= \frac{700}{1.0824}+\frac{700}{1.1716} +0+\frac{1100}{1.3727} \\= 2045.52$

Thus, the present value is $2045.52.

4 0

2 years ago