Answer:
$31,000
Explanation:
Calculation to determine Elaine's current basis in her partnership interest
Using this formula
Elaine's current basis= Value of original basis + (interest purchased - Cash received) + Tax exempt interest
Let plug in the formula
Elaine's current basis= $40,000 + ($70,000 - $80,000) + $1,000
Elaine's current basis= $40,000 - $10,000 + $1,000
Elaine's current basis= $31,000
Therefore Elaine's current basis in her partnership interest is $31,000
Answer:
<u>fostering competition</u>
Explanation:
By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.
For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.
Answer:
Title VII of the CRA
Explanation:
Title VII of the Civil Rights Act (CRA) is a landmark federal law that aims to protect employees against discrimination based on race, colour, sex, nation of origin, or religion.
The act was made law in 1964.
In the given scenario a female sales representative with excellent performance review was not promoted for 8 years, while Jim a male sales representative was promoted in just 18 months.
This is a gender based discrimination and is covered by Title VII of the CRA.
Age discrimination does not apply because it addresses discrimination of employees with minimum age of 40 years.
Equity act requires that employees on the same job role are compensated equally. This does not also apply.
Rehabilitation act prevents discrimination based on disability. This does not also apply
Answer:
B
Explanation:
The Consumer Price Index (CPI) measures monthly changes in prices for a range of consumer products
