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Taya2010 [7]
3 years ago
9

Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, an

d all debt and profits are shared equally among the partners. Sean contributed cash of $20,000 and property with a FMV of $130,000, a basis of $80,000, and a mortgage of $50,000. Pete contributed services. Tom contributed cash of $50,000 and property with a FMV of $60,000, a basis of $40,000, and debt of $10,000. Mark contributed cash of $25,000 and property with a FMV of $95,000, a basis of $85,000, and debt of $20,000. All debt was assumed by the partnership. Which partner has a basis in partnership interest of $95,000
Business
1 answer:
-BARSIC- [3]3 years ago
6 0

Answer:

Pete

Explanation:

In a partnership ( limited ) as seen in the question, The general partner has an unlimited liability to debt owed by the partnership to its creditors hence he will bear the highest proportion of the basis in partnership interest. which is $95,000

A general partner runs the partnership business by providing <em>services</em> that will keep the partnership going  ( i.e. runs the business on behalf of other limited partners )

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Answer:

Option B is correct.

<u>A horizontal line</u>

Explanation:

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3 years ago
The Timken Company has announced a rights offer to raise $5.1 million. The company's stock currently sells for $34 per share, th
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Answer:

Right price =$33.50

Explanation:

<em>The theoretical ex-right price is the weighted average price at which shares are expected to settle after a right-issue,</em>

<em>It is the weighted average price of value of shares of the before-right price and the right price</em>

Ex-rights price

=(Before-right value of shares + Proceed from rights )/Total number of shares after rights issue

Number of rights issue units = amount to be raised /Right price per share

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8 0
3 years ago
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Answer:

<u><em>format text increase or decrease the space around the text on a page </em></u>

<u><em>Explanation:</em></u>

Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to <em>increase or decrease the space around the text on a page.</em>

For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.

6 0
3 years ago
Read 2 more answers
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Answer:

C:Oligopolies involve more than one company while monopolies involve only one.

Explanation:

A monopoly is a market structure with one supplier serving a very large market. In a monopoly, a single firm sells to many buyers. The product or service offered by a monopoly has no close substitutes. Customers have no choice but to buy from the only firm providing the product or service. Monopolies may result from government policy or very restrictive barriers of entry.

An oligopoly is a market structure where very few firms dominated the market . It when four or five firms control the majority market share of a very large market. There could be other firms with very little market share. Firms in an oligopoly market may sell homogeneous or differentiated products. The few firms dominating the industry collaborate to profit from the market.

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In order to make a decision utilizing a decision tree, you must:___________.a. start at the most distant point in time and work
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Answer:

In order to make a decision utilizing a decision tree, you must:___________

b. begin at Time 0 and work towards the most distant point in time.

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Decision trees are built up by starting from the present with the overarching objective (goal) in mind.  Then, one classifies the information along various branches and leaf nodes, with each branch representing the outcome of an alternative route or a question answered based on the likelihood of the event happening.  Each leaf node represents a class label (decision taken after computing all attributes). This structure can be used to predict likely values of data attributes.

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