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Svet_ta [14]
3 years ago
5

Jenny has a $62,700 basis in her 50 percent partnership interest in the JM Partnership before receiving any distributions. This

year JM makes a proportionate operating distribution to Jenny of a parcel of land with an $93,000 fair value and a $80,500 basis to JM. The land is encumbered with a $38,250 mortgage (JM's only liability). What is Jenny's basis in the land and her remaining basis in JM after the distribution
Business
1 answer:
bazaltina [42]3 years ago
4 0

Answer:

$80,500 land basis, $1,325 JM basis.

Explanation:

Calculation to determine Jenny's basis in the land and her remaining basis in JM after the distribution

Based on the information given Jenny transferred basis in the land will be the amount of $80,500 while Her remaining basis in JM on the other hand will be the amount of $1,325 which is calculated as:

Predistribution basis in JM $62,700

Add deemed contribution $19,125

(50%*$38,250)

Less: basis allocated to land ($80,500)

Remaining basis in JM $1,325

Therefore Jenny's basis in the land and her remaining basis in JM after the distribution will be :$80,500 land basis, $1,325 JM basis.

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Which behavior demonstrates courtesy toward others in the workplace?
Alecsey [184]

The behavior which demonstrates courtesy toward others in the workplace is, consulting with a coworker before intervening in one of his or her projects.

Answer: Option D.

Explanation:

Courtesy is being polite and kind. It means showing politeness in ones behavior. So the most appropriate behavior of courtesy in workplace is mostly certainly consulting before involving in his/her project.

Asking before intervening is important so as to avoid any conflict between the workers and it is also a good gesture towards other co workers. This thus demonstrates the courtesy towards others. Consulting shows respectfulness towards the other person, thus resulting in courtesy behavior.

8 0
3 years ago
Gelb Company currently manufactures 52,500 units per year of a key component for its manufacturing process. Variable costs are $
Hoochie [10]

Answer:

Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875.

Explanation:

For each Option, include costs which are unavoidable because those would change as a result of this decision, they are relevant costs items.

Total incremental cost : Making

Variable costs (52,500 x $4.05)    $212,625

Fixed Costs (unavoidable)               $75,500

Total                                                 $288,125

Total incremental cost : Buying

Purchase Price ( 52,500 x $3.50) $183,750

Fixed Costs (unavoidable)              $75,500

Total                                               $259,250

Conclusion :

Gelb Company should choose to Buy the Component since it is the cheaper option. This gives a cost advantage of $28,875 ($288,125 - $259,250).

7 0
3 years ago
If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a ba
morpeh [17]

A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

\rm ax + by = c , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

Given:

The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

\rm 3s +2c = 22                              

The cost of two sandwiches and one chips bag is $14.25.

Therefore, the 2nd equation will be:

\rm 2s + c = 14.25

To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end                                   ... (3)

Now we will put  \rm c = 14.25 - 2s  in equation 1:

\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end

On substituting the value of s in equation 3:

\rm  c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25

Therefore the cost of a bag of chips is $1.25.

Learn more about linear equations in two variables here:

brainly.com/question/84787

8 0
2 years ago
Investments are different from savings accounts in that they:
Natalka [10]
I think it is Carry a risk of losing money (A) 
5 0
3 years ago
Read 2 more answers
For the past 60 years, _____ have been applied to structured tasks such as record keeping, simple clerical operations, and inven
natali 33 [55]

Answer:

<u>Transaction - processing systems</u>

<u>Explanation:</u>

For simplicity, since record-keeping, simple clerical operations, and inventory control are all related to transactions, then transaction-processing systems refer to systems that ensure that such transactions are successfully carried out.

For example, online retail outlets use transaction-processing systems to control inventory, as this system is responsible for noting every successful order of their listing page.

4 0
3 years ago
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