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3 years ago

Could you help with the question, please?

Business

1 answer:

spayn [35]3 years ago

7 0

Answer:

When the world price is $9.00 per barrel, imports are 10.25 million barrels per day.

Explanation:

This can be explained as following:

- At the domestic equilibrium, the quantity supplied and demanded were:

Qs = Qd = 9.3 million

- When the world price is $9.00 (P=9), the domestic demanded and supplied quantity were:

Demand: Qd = 15 - (1/4)x9 = 12.75 million
Supply: Qs = -2 + (1/2)x9 = 2.5 million

When the domestic supply is 2.5 million barrels per day while the domestic demand is 12.75 million barrels per day, the domestic still lacks:

12.75 - 2.5 = 10.25 million barrels per day

So that they need to import 10.25 million barrels per day.

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Answer: Capital gain = $10,000 ; Ordinary income = $25,000

Explanation:

Here is the complete question:

The PLM Partnership balance sheet includes the following assets on December 31 of the current year:

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Pamela, a 1/3 partner, has an adjusted basis of $100,000 for her partnership interest. If Pamela sells her entire partnership interest to Emma for $135,000 cash, how much capital gain and ordinary income must Pamela recognize from the sale?

The following can be calculated based on the question above:

Pamela's share of the unrealized receivables will be the ordinary income which will be the unrealized receivables of $75000 which is then multiplied by 1/3 which is the interest. This will be:

Ordinary income = 1/3 × $75,00

= $25,000

The capital gain will be the difference that occurs between total gain and ordinary income.

Total gain difference

= $135,000 - $100,000

= $35,000

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= $10,000

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2 years ago

Emerald Corporation, a calendar year C corporation, was formed and began operations on April 1, 2018. The following expenses wer

Lorico [155]

Answer:

Emerald’s deduction for organizational expenditures is = $4550

Explanation:

given data

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Legal services = 9,500

Expenses incident printing and sale = 6,000

to find out

Emerald deduction for organizational expenditures

solution

first we get here total Qualifying organizational expenditures that is

total Qualifying organizational expenditures = $27,000 + $1,000 + $15,500 + $9,500

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Immediate expensing = $2000

so now we get here Emerald Corporation deduction under §248 for 2018 is

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Answer:

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3 years ago

A business owner makes 1,000 items a day. Each day she contributes eight hours to produce those items. If hired, elsewhere she c

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Answer:

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1 year ago