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luda_lava [24]
2 years ago
7

At the beginning of the year, Heather's tax basis capital account balance in the HEP Partnership was $85,000. During the tax yea

r, Heather contributed property with a basis of $6,000 and a fair market value of $10,000. Her share of the partnership's ordinary income and separately stated income and deduction items was $40,000. At the end of the year, the partnership distributed $15,000 of cash to Heather. In addition, the partnership allocated $12,000 of recourse debt and $10,000 of nonrecourse debt to Heather. What is Heather's ending capital account balance determined using the tax basis method
Business
1 answer:
andreev551 [17]2 years ago
5 0

Answer:

$116,000

Explanation:

Heather’s beginning capital account balance of $85,000

Add basis of the property contributed $6,000

Add Share of partnership income $40,000

Less Partnership distributed ($15,000)

Ending capital account balance $116,000

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Harry loves both hot dogs and hamburgers. He receives about the same satisfaction from eating one hamburger as he does from eati
Alexeev081 [22]

Answer:

Harry loves both hot dogs and hamburgers. He receives about the same satisfaction from eating one hamburger as he does from eating one hot dog, and the two goods fill the same need in Harry's life. The price of hot dogs has been extremely volatile for the past several years, and this year is no exception Hot dog prices decreased tremendously this month Assuming hot dogs and hamburgers are substitutes for Harry, what is the effect on Harry's demand for hamburgers due to the decrease in the price of hot dogs?

There will be a movement down along his demand curve

Explanation:

Reason behind the decrease in demand curve for hamburger would be as a result of decrease in the price of hot dog which would increase the demand since they could be substituted for each other because of their benefits; hence, the demand curve for hamburger would be decreased or mov e down

0 0
2 years ago
If 2G Robotics is bought by another firm and Gillham decided to allocate a total of 400 points to employees, and the value of th
Darina [25.2K]

Answer:

The programmer can get $20,250

Explanation:

Take the amount of 300,000 multiple by the point the programmer is worth then divide by the total points for the employees.

300000*27/400= 20250

7 0
3 years ago
Mark manages a small family-owned amusement park. He believes the park can increase its profits if its owners will buy three foo
Talja [164]

Answer:

The correct answer is letter "E": influencer, gatekeeper, and decider.

Explanation:

As Mark's business is family-owned, it implies all the decisions are not made only by him. Then, in purchasing a food concession trailers he will have to let the other members of the family know about this decision.

Mark already decided Century Industries is the best option to take for the trailers but needs to influence his point of view to his family members. In other words, Mark will be the gatekeeper between his family business and Century Industries.

5 0
3 years ago
At Onyx incorporated, direct materials are added at the beginning of the process and conversions costs are uniformly applied. Ot
PIT_PIT [208]

Answer:

A $660,030

Explanation:

Total cost of units completed and transferred out = Units Completed and Transferred x Cost per Equivalent Unit

Therefore,

Total cost of units completed and transferred out = 117,000

5 0
3 years ago
If you cannot identify the author of a document on the web, you should try to determine the sponsoring organization for the docu
tiny-mole [99]
If its true or false question then true i think.
7 0
3 years ago
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