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Lera25 [3.4K]
3 years ago
11

Samuel is the managing general partner of STU, in which he owns a 25% interest. For the year, STU reported ordinary income of $4

00,000 (after deducting all guaranteed payments). In addition, the LLC reported interest income of $12,000. Samuel received a guaranteed payment of $120,000 for services he performed for STU. How much income from self-employment did Samuel earn from STU
Business
1 answer:
Norma-Jean [14]3 years ago
7 0

Answer:

$220,000

Explanation:

Calculation to determine How much income from self-employment did Samuel earn from STU

Using this formula

Income from self-employment =Guaranteed payment received+(Interest rate*Ordinary income)

Let plug in the formula

Income from self-employment=$120,000+(25%*$400,000)

Income from self-employment=$120,000+$100,000

Income from self-employment=$220,000

Therefore the amount of income from self-employment that Samuel earn from STU is $220,000

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A cash dividend payment to shareholders during the year should be reported on the statement of cash flows as:Multiple ChoiceAn i
mafiozo [28]

Answer:

A decrease in cash flows from financing activities

Explanation:

When cash dividend is paid,

It is an outflow of cash as paid, therefore it will decrease the cash flows.

Further dividend is paid to equity, or preference capital raised for business, which is a financing activity.

Therefore, a cash dividend paid to shareholders will result in decrease in cash flow from financing activities.

Whereas cash dividend received is investing activity.

Final Answer

A decrease in cash flows from financing activities.

3 0
3 years ago
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Shuai is writing a report with a great deal of complicated numerical information. to clarify and simplify this information for d
AveGali [126]

She should put this into a chart or graph. This is a graphical illustration of data, in which "the data is characterized by symbols.” By organizing data, it can be more effortlessly understand what has been perceived. Subsequently, most of the data is quantitative, data tables and charts are typically used to consolidate the information. Graphs are shaped from those data tables.

6 0
3 years ago
Which is NOT one of the similarity between projects and operations Both are Performed by Individuals Both are Limited by constra
bonufazy [111]

Answer:

Both are ongoing

Explanation:

Remember, projects do not go on forever. Rather, projects are usually marked by deadlines. However, operations are simply ongoing activities in which resources are planned, executed, monitored and controlled by individuals.

which may be constrain

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5 0
3 years ago
When sold at a 40% discount, a sweater nets the merchant a 20% profit on the wholesale cost at which he initially purchased the
Airida [17]

Answer:

100%

Explanation:

Let the normal retail price of the sweater be 'SP' and the cost price be 'CP'

Therefore,

The selling price = SP - 40% of SP = SP - 0.4SP = 0.6SP

Now,

the profit = 20% of CP = 0.2CP

also,

Profit = Selling Price - Actual price

or

0.2CP = 0.6SP - CP

or

1.2CP = 0.6SP

Or

CP = 0.5SP

or

SP = 2CP

thus,

Increase percentage in sweater marked up from wholesale at its normal retail price

= \frac{SP-CP}{CP}\times 100

or

=  \frac{2CP-CP}{CP}\times 100

= 100%

3 0
3 years ago
There are four resources and four jobs to be done. Assume there must be one-to-one matching between jobs and resources. The time
choli [55]

Answer:

1 → A ; 2 → C ; 3 → D ; 4 → B

Explanation:

From the given information, the table can be better structured as follows:

                       Job (Hours)

Resource               A                B               C                  D

1                              5                8                7                   7

2                             4                9                5                   9

3                             6                9                8                   7

4                             7                 6                6                   9

From the table, the allocation of resources is based on the minimum number of jobs i.e. time(hours) required to do all four tasks appropriately.

These are 1 → A ; 2 → C ; 3 → D ; 4 → B

Then, the time taken by this process is = (5 + 5 + 7 + 6)

= 23 hours

3 0
2 years ago
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