Answer:
c. $24,000
Explanation:
The computation of sale by partnership is shown below:-
The pre-contribution gain allocated to Tina = Fair market value - Adjusted basis
= $80,000 - $60,000
= $20,000
Gain on sales = Partnership to an unrelated third party - Fair market value
= $90,000 - $80,000
= $10,000
Tina partnership interest is 40 % of $10,000
= $4,000
Sale by partnership = pre-contribution gain + Tina partnership
= $20,000 + $4,000
= $24,000
Therefore for computing the sale by partnership we simply applied the above formula.
Answer:
Programmed decision
Explanation:
This is known as a programmed decision. Because it involves a structured and routine decision making to get a loan whenever revenues are less than its expenses.
A programmed decision is routine in nature and is handled by rules that have already been put in place. Such decisions have specific and clear goals, and are also well structured.
Economic profit<span> is the difference between total monetary revenue and total costs, but total costs include both explicit and implicit costs. </span>Economic profit<span> includes the opportunity costs associated with production and is therefore lower than </span>accounting profit<span>.</span>
BIOLOGY, BOTANY AND ENGLISH
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Answer:
Cash disbursements for insurance would be $ 168,700.
Explanation:
In accrual based accounting expenses are recorded when they are incurred. The payment against item purchased does not make it qualified to be recorded as expense. Any advance payment made is recognize as asset untill performance obligation has been completed. So in order to determine amount of payment we will use following accounting equation.
Payments = Prepaid current period + expenses - opening prepaid balance
Payments = 197,000 + 62,000 - 90,300 = $ 168,700
