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Luden [163]
3 years ago
9

On December 31, 2016, Yong sells his 10% interest in Catawissa LLC to Mei for $17,500. Yong is a calendar year taxpayer. Catawis

sa owns no hot assets, and its tax year ends on September 30. On October 1, 2016, Yong’s basis in the LLC interest was $11,000. His share of current LLC income is $4,000 for the period in which he owned the LLC interest (October 1 to December 31).
Yong recognizes a $____________ capital gain on the sale.
Business
1 answer:
Katyanochek1 [597]3 years ago
5 0

Answer:

$6,500

Explanation:

Capit gain on sales = sales of interest by Yong -basis of Yong in the LLC interest

Sales of interest by Yong $17,500

Less Basis of Yong in the LLC interest $11,000

Gain $6,500

Therefore Yong will tend to recognize a gain of $6,500 because he makes a sale of $17,500 in which his basis in the LLC interest was $11,000 making him to have a capital gain of $6,500

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Answer:

D1 = 2.39

Explanation:

Expected Dividend can be found out by solving the following equation attached in the image.

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Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in 2 sheets with the formulas indications.  

5 0
3 years ago
1. What's NOT an assumption we usually make about costly products and services?
zloy xaker [14]

Answer:

B

Explanation:

I would assume the correct answer would be B. This is because when you go to a store you typically assume the higher cost item is of higher quality then the lower cost item. For example: One may buy a yeti cooler over an igloo cooler because the very high price tag makes them feel as if the cooler is just that much better then the competitor. If correct please mark brainliest.

3 0
2 years ago
Anomaly-based intrusion detection systems compare current activity with stored profiles of normal (expected) activity.
Contact [7]

Anomaly-based IDS pg. 250 is an intrusion detection system that compares current activity with stored profiles of normal (expected) activity. While an intrusion detection system that uses pattern matching and stateful matching to compare current traffic with activity patterns (signature) of known network intruders is Pattern-(signature) based IDS pg. 250.





8 0
3 years ago
Integrated Masters Inc. (IMI) is presently operating at 80% of capacity and manufacturing 116,000 units of a patented electronic
balu736 [363]

Answer:

a. $3.13 per unit

b. No

c Yes

Explanation:

The computation is shown below

a. Fixed overhead per unit is

= Fixed overhead ÷ Number of units manufactured

= $363,000 ÷ 116,000 units

= $3.13 per unit      

b. The cost calculation is not appropriate because the fixed overhead per unit is not be involved while calculating the cost

c. Now the acceptance of the offer should be based on total relevant cost which is            

Total relevant cost

= $6.1 + $6.1 + $8.1

= $20.3  

Since the offer is accepted because total relevant cost is less than the offered purchase price i.e $24.50    

       

3 0
3 years ago
What situations would indicate that an increase in turnover might be just what an organization needs?
Basile [38]

Answer:

Explanation:

In the context of Human Resources, turnover refers to the number of workers who leave the organization. A scenario where an increase is what is needed the most would be if the current employees are unable to efficiently and effectively complete their work and are costing the company more money than they are producing in sales. Therefore, if those employees leave the company will save money on them and can hire newer employees that may perform much more efficiently.

7 0
3 years ago
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