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
AnnZ [28]
3 years ago
10

Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin

g of the year, Jerry's tax basis in his partnership interest was $42,000. His current-year Schedule K-1 reported an ordinary loss of $7,000, long-term capital gain of $4,800, qualified dividends of $3,800, $2,300 of non-deductible expenses, a $28,000 cash contribution, and a reduction of $5,800 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year?
Business
1 answer:
GarryVolchara [31]3 years ago
7 0

Answer:

$63,500

Explanation:

Calculation to determine Jerry's adjusted basis in his partnership interest at the end of the year

Using this formula

Partnership interest adjusted basis =Partnership interest+Cash contribution+Long-term capital gain+Qualified dividends -Reduction in partnership debt -Non-deductible expenses-Reported an ordinary loss

Let plug in the formula

Partnership interest adjusted basis=$42,000+ $28,000 + $4,800 + $3,800 - $5,800 - $2,300 - $7,000

Partnership interest adjusted basis = $63,500

Therefore Jerry's adjusted basis in his partnership interest at the end of the year will be $63,500

You might be interested in
Historical data show that during the recession of 1990–1991, the natural rate of unemployment was about 5.9% while the actual un
Lapatulllka [165]

Answer:

The actual unemployment rate was higher during the recession of 1990−1991, while cyclical unemployment was higher in 2001.

Explanation:

Given data in the question

In the year 1990-1991

The natural rate of unemployment = 5.9%

The rate of the actual unemployment = 7.0%

In the year 2001

The natural rate of unemployment = 4.8%

The actual unemployment rate = 6.0%

As we can see that

The actual unemployment is high in the year 1990-1991 i.e 7.0% as compare to the year 2001 i.e 6.0%

While the cyclical unemployment rate is high in 2001 i.e 1.2% (6.0 - 4.8%) as compare to the year 1990-1191 i.e 1.1% (7.0% - 5.9%)

6 0
3 years ago
What are two primary opportunities in safe for driving relentless improvement?
Bess [88]

The two primary opportunities in safe for driving relentless improvement are option A. Iteration Retrospective and option D. Inspect and Adapt workshop. Hence, the correct answers are options A. and D.; Iteration Retrospective and Inspect and Adapt workshop respectively. Read below about Iteration Retrospective.

<h3>What is Iteration Retrospective?</h3>

The Iteration Retrospective is a usual event where Agile Team members debate the results of the Iteration, review their practices, and identify ways to improve. At the end of each iteration, Agile teams that make use of ScrumXP gather for an iteration retrospective.

Therefore, the correct answers are as given above.

learn more about Iteration Retrospective:

brainly.com/question/18646796

#SPJ1

The complete question goes thus:

What are two SAFe primary opportunities for driving relentless improvement? (Choose two)

a) Iteration Retrospective

b) Daily Stand-up

c) Program Backlog Refinement

c) PI Planning

d) Inspect and Adapt workshop

7 0
2 years ago
Peyton sells an office building and the associated land on May 1 of the current year. Under the terms of the sales contract, Pey
Westkost [7]

Answer:

$2,466,000

Explanation:

Given that,

Cash Received = $1,600,000

Mortgage assume by purchaser = $950,000

Broker's commission = $75,000

points paid by seller = $9,000

Peyton's amount realized:

= Cash Received + Mortgage assume by purchaser - broker's commission - points paid by seller

= $1,600,000 + $950,000 - $75,000 - $9,000

= $2,466,000

Therefore, the amount realized by Peyton is $2,466,000.

4 0
3 years ago
Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly so
adell [148]

Answer:

Total quality management.

Explanation:

Since Rhea's company sets specific goals for product features and reliability, offers incentives for achieving goals, and regularly solicits employee feedback on the causes of customer issues. These activities are part of a total quality management system.

A total quality management (TQM) can be defined as a management tool used to attain customer's satisfaction and improved productivity leading to long-term success in the business. The starting point or first step of the total quality management (TQM) is customer focus.

<em>Hence, in order to achieve a long-term success in customer satisfaction, organizations should use the total quality management approach by involving all of its employees with high standards and work ethics</em>.

4 0
3 years ago
A market economy cannot produce a socially desirable outcome because individuals are motivated by their own selfish interests.
adoni [48]
B it false
we should all know that
7 0
3 years ago
Other questions:
  • Wildhorse Co. wrote checks totaling $41500 during October and $45321 during November. $39460 of these checks cleared the bank in
    6·1 answer
  • A career goal should be measurable, detailed, and include a plan.<br> a. True<br> b. False
    6·2 answers
  • Which of the following is true concerning federal budget deficits? I. The IRS spends more than it collects in taxes in a given y
    11·1 answer
  • Write two to four sentences setting forth the long-term direction and strategic path that management intends to follow. The stat
    15·1 answer
  • What’s behind gas prices
    14·2 answers
  • Say that the original supply curve for avocados is the curve labeled S and the demand curve for avocados is the curve labeled D.
    7·1 answer
  • Brief Exercise 17-09 Hinck Corporation reported net cash provided by operating activities of $361,200, net cash used by investin
    15·1 answer
  • how can electricity, communication, and transportation facilities indicate the potential for industrial growth?​
    10·1 answer
  • Who are the main stakeholders that the y is attempting to reach with the information it has gained through its market research?
    8·1 answer
  • Prior to the closing, one final inspection should take place. This is also known as the final what?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!