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mixer [17]
3 years ago
9

Don and Warren formed an equal partnership to build drag-racing vehicles. Don contributed $5,000 in cash, and Warren contributed

a truck with a fair market value of $5,000 and an adjusted tax basis of $4,500. They plan to use the truck for hauling parts and cars. When Warren purchased the truck 1 year earlier, he elected to use the straight line method to depreciate the truck using the mid-year convention over its 5-year recovery period. The partnership should
Business
1 answer:
nirvana33 [79]3 years ago
3 0

Answer: Record the truck on the books at $4,500 and depreciate it over its remaining recovery period using the straight line method and mid-year convention.

Explanation:

A partnership occurs when two or more people come together and join resources together, make management decisions, share profit and losses and have a common goal towards the achievement of organizational goals.

Based on the information given, the partnership should record the truck on the books at $4,500 which is the adjusted tax basis and then depreciate it over its remaining recovery period using the straight line method and the mid-year convention.

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ValentinkaMS [17]

Recently, beagle boutique was attempting to hire a middle manager. they were looking for an intelligent, active, and creative individual. Beagle used the trait approach. This is further explained below.

<h3>What is the trait approach?</h3>

Generally, An individual's attributes are used as indicators of their personality in a trait-based approach.

In conclusion, Beagle Boutique recently tried to find a middle manager. They were seeking someone who was energetic, clever, and creative. Beagle used the trait approach

Read more about The trait approach

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3 0
1 year ago
A process that performs at a 6 sigma level: a. is considered statistically 'perfect' b. has 3.4 defects per million opportunitie
xz_007 [3.2K]

Answer:

d. all of the above

Explanation:

Six sigma as a 99.9997% rate of perfections which amounts to 3.4 error per million transaction.

Six sigma is an effective methodology that helps to reduce cost and decrease cycle time.

It is a methodology that increases productivity and efficiency in process, it also reduces the amount of defects and helps to eliminate it.

6 0
3 years ago
What makes zumiez different from its competitors
Simora [160]
Zumiez is the best clothing store ever and they sell real expensive brands for less
5 0
3 years ago
Smith Jones Inc.'s stockholders are mostly individual investors, and there is relatively little institutional ownership. If seve
Anastasy [175]

Answer:

Small individual investors will benefit the most.

Explanation:

From the case given, it can be established that small individual investors represent the bulk of shareholders or business owners.

Also, from Smith Jones stock, we see that Pension and Mutual Fund constitute a bulk in the share position, and the direct intervention of shareholders motivate the management.

From the foregoing analysis, the shareholders holders have thus seek to incorporate corporate governance in the organization as a tool to reduce the agency problem between business owners and management. By this, management objectives and the shareholders could be aligned. The business owners singular objective is the profit maximization of their wealth, while the management is interested in their job security, status, mutual funds, pension and all. Since this objective of management has been duly taken care of by the shareholders, it is believer that this will boost the management morale and ultimately improve their performance. The result is thus increase in organisational performance with resultant growth in profit, share price and returns from the business. These are benefits to the individual investors.

6 0
3 years ago
All of the following statements regarding leases are true except _______.
dalvyx [7]

Answer:

I think its D

Explanation:

Hpe this helps.

8 0
3 years ago
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