1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
joja [24]
2 years ago
12

As part of a good Section 351 transaction Andy contributes his business with a basis of $200,000 in exchange for $300,000 worth

of stock and $50,000 of cash. What gain does Andy recognize?
Business
1 answer:
Brums [2.3K]2 years ago
5 0

Answer:

Gain = $150,000

Explanation:

Given:

Contribution = $200,000

Exchange stock = $300,000

Cash = $50,000

Find:

Gain

Computation:

Gain = Exchange stock + Cash - Contribution

Gain = $300,000 + $50,000 - $200,000

Gain = $150,000

You might be interested in
A. Define supply as an economist would. B. List and explain three (3) non-price factors that will shift the supply curve. C. If
Paladinen [302]

Answer:

A: Refer the detail below

B: Refer the detail below

C: Refer the detail below

Explanation:

A. Definition of Supply

Supply is an economic term that refers to the quantity of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may generate increased revenue and profits

B. Non-price factors that will shift the supply curve

1. Producer input costs

2. producer expectation

3. The number of sellers.

C. Impact of Fountain Pens market

If the cost of production of fountain pens falls, producers can produce more goods by using the same amount of money. Therefore, the supply will increase and the supply curve will shift to the right.

5 0
3 years ago
Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom
aalyn [17]

Answer:

ROI = Net operating income        x 100

         Average operating assets

ROI = $1,924,320   x 100

         $6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

3 0
3 years ago
When the price of a good is high, selling the good is profitable, and so the quantity supplied is large.
STatiana [176]
False, since higher prices pushes away consumers but lower prices increases consumers.
6 0
3 years ago
Effective teams translate their common purpose into ________ goals.A) universalB) genericC) vastD) specificE) diverse
Lynna [10]

Answer: The correct answer is "D) specific".

Explanation: Effective teams translate their common purpose into <u>SPECIFIC</u> goals.

For a team to be successful, its common purpose must be established as specific objectives, that can be measurable and that are realistic, that is, its achievement is possible.

These specific objectives are of great help to simplify communication and keep teams focused on obtaining results.

4 0
3 years ago
Hawk Corporation begins making and selling motorcycles in 2000 under the mark "Hawk." Ten years later, Hawk, Inc., a different c
cluponka [151]

Hawk corporation can not stop Hawk's use of Hawk because the motorcycles can not be confused with medicines and it will cause any monetary damage.

<u>Explanation:</u>

Trademarks possibly apply if the basic name creates turmoil in the brain of the customer. Since bikes can't be mistaken for clinical gear, the bike producer won't have the option to persuade an appointed authority that there are money related harms.

Subsequently, any endeavor to recuperate harms from the clinical stock organization will be a complete exercise in futility because the other trade mark is used by a firm making medicine which has no link with motorcycles.

5 0
3 years ago
Other questions:
  • 1.2.35 Question Help Ralph Chase plans to sell a piece of property for ​$ 140000 140000. He wants the money to be paid off in tw
    11·1 answer
  • Which senior managers may assume a greater deal of transferability between domestic and international HRM practices?
    13·1 answer
  • A teenager purchases a camera for $62 by endorsing his paycheck of $90. not having $28 change in his register the camera store o
    6·1 answer
  • Jit is a ______________ system.<br> a. push<br> b. pareto's law<br> c. mrp<br> d. pull
    12·1 answer
  • Write a team consensus response of 525 to 700 words to include the following: • Provide detailed rational of why goodwill must b
    8·1 answer
  • To compete with Lexus, a successful luxury brand of Toyota, Nissan launches Infinity as its own luxury brand to seek the benefit
    10·1 answer
  • Kenneth is the CEO of a successful carpet company. His factories consume a lot of water and energy, as well as pollute the air a
    11·1 answer
  • Suppose you want to invest $10,000. You have two options: Option #1: Invest in municipal bonds with an expected return of 8.00%,
    10·1 answer
  • From the video "the best stats you've ever seen "
    9·1 answer
  • What is the difference between a shortage and scarcity?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!