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nadezda [96]
3 years ago
9

ranite Slab LLC was recently formed with the following members: Capital/ Name Tax Year-End Profits % Nelson Black December 31 22

.0% Brittany Jones December 31 24.0% Lone Pine LLC June 30 4.5% Red Spot Inc. October 31 4.5% Pale Rock Inc. September 30 4.5% Thunder Ridge LLC July 31 4.5% Alpensee LLC March 31 4.5% Lakewood Inc. June 30 4.5% Streamside LLC October 31 4.5% Burnt Fork Inc. October 31 4.5% Snowy Ridge LP June 30 4.5% Whitewater LP October 31 4.5% Straw Hat LLC January 31 4.5% Wildfire Inc. September 30 4.5% What is the required taxable year-end for Granite Slab LLC
Business
1 answer:
tamaranim1 [39]3 years ago
4 0

Answer: December 31

Explanation:

Granite Slab should adopt the year-end of its principal partners.

A principal partner is one who owns 5% or more of a company's stock.

There are therefore two (2) principal partners here: Nelson Black and Brittany Jones as they own 22% and 24% respectively.

Both of these partners have December 31 as their year end so Granite Slab should adopt this date as well.

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The answer is LLC or also known as Limited Liability Company. This type of hybrid legal entity has the characteristic of mixed characteristics of a partnership, sole proprietorship and even a company in which they have a limited liability that could also be similar to shareholders in a corporation.

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To determine the net cash provided (used) by operating activities, it is necessary to analyze Group of answer choices the curren
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Answer:

All of these.

Explanation:

All of these are the correct answer because to determine the net cash from the operating activities, there is a requirement of the current year's income statement, additional information such as depreciation and amortization and a comparative balance sheet. In order to get cash from operating activities, the changes and non-cash capital, other non-cash adjustments, depreciation is added to the net income.

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3 years ago
He Wall Street Journal reports that the rate on three-year Treasury securities is 4.75 percent and the rate on four-year Treasur
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Answer:

1 +1R4= {(1 +1R3)(1 + E(4r1) +L4)}1/4

1.0500 = {(1.0475)^3(1 + 0.0525 +L4)}1/4

(1.0500)^4= (1.0475)3^(1 + 0.0525 +L4)

(1.0500)^4/(1.0475)^3= 1 + 0.0525 + L4

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4 0
3 years ago
The Hartford Symphony Guild is planning its annual dinner-dance. The dinner-dance committee has assembled the following expected
Lelu [443]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The dinner-dance committee has assembled the following expected costs for the event:

Dinner (per person) $ 18

Favors and program (per person) $ 2

Band $ 2,800

Rental of ballroom $ 900

Professional entertainment during intermission $ 1,000

Tickets and advertising $ 1,300

The committee members would like to charge $35 per person.

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Break-evenn point= (Band+rental+professional entertainment+tickets)/[price - (dinner+favors)]

Break-even point= 6000/(35-20)= 400 individuals

2) Q= 300    P=?

300=6000/(P-20)

300*(P-20)= 6000

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7 0
3 years ago
(Advanced analysis) The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0
ioda

Answer:

Q = 10

Explanation:

Assuming that supply remains the same, the new supply and demand equations are, respectively:

P_S = 2 + 0.2Q\\P_D = 7 - 0.3Q

The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:

2 + 0.2Q = 7 - 0.3Q\\0.5Q=5\\Q=10

The new equilibrium quantity is Q = 10.

5 0
3 years ago
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