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ra1l [238]
4 years ago
5

Fact Pattern: Mr. Bonet, a one-third partner, had a $12,000 basis in his partnership interest. Mr. Bonet withdrew from the ABC P

artnership on January 1 of the current year when the partnership had the following balance sheet: Assets Basis FMV Cash $12,000 $12,000 Accounts receivable 0 30,000 Land 24,000 27,000 $36,000 $69,000 Equities Accounts payable $ 9,000 $ 9,000 Abbot, capital 9,000 20,000 Bonet, capital 9,000 20,000 Costell, capital 9,000 20,000 $36,000 $69,000 If Mr. Bonet received $20,000 cash in a liquidating distribution, what will he report as his gain or loss
Business
1 answer:
Andrei [34K]4 years ago
7 0

Answer:

gxjxhxnxj

Explanation:

ufkdkdjdjdjfxmfxnjfrjsnzfzxjc it fausdj

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he most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $
Pavel [41]

Answer:

9.69%

Explanation:

Given the following :

Net income = $4819

Total asset = $38,200

Taxable income = $6,100

Dividend payout ratio = 30% = 0.3

The internal growth rate is calculated thus ;

(Return on asset × Retention ratio)/[1-(Return on asset × Retention ratio)]

Return on asset = (Net income / total asset)

Return on asset = ($4,819 / $38,200)

Return on asset = 0.12615

Retention ratio = 1 - Dividend payout ratio

Retention ratio = 1 - 0.3 = 0.7

Hence internal growth rate :

(0.12615 × 0.7) / 1 - (0.12615 × 0.7)

0.088305 / 1 - 0.088305

0.088305 / 0.911695

= 0.0968580

= 0.0968580 × 100%

= 9.685%

= 9.69% ( 2 decimal places)

6 0
3 years ago
An investor invests $4,000 to buy 200 shares of Sand Corporation, which has an expected return of 24%; $2,000 to buy 100 shares
Anni [7]

Answer:

Expected return = 28%

Explanation:

given data

invests $4,000

share = 200

return = 24%

and

invests = $2000

share = 100

return = 18%

and

invest = $4,000

share = 400

return = 28%

to find out

expected return on this portfolio

solution

we know total investment is

Total investment = 4000+2000+4000

Total investment = 10000

and

Wt. of Sand Corporation shares in the total portfolio= \frac{4000}{10000} =  0.4

Wt. of Water Corporation shares in the total portfolio=\frac{2000}{10000} =  0.2

Wt. of Beach Corporation shares in the total portfolio=\frac{4000}{10000} =  0.4

and

Expected return on the given portfolio is

Expected return = 0.4 × 24% + 0.4 × 18% + 0.4 × 28%

Expected return = 28%

5 0
3 years ago
If a country has a trade deficit, does it indicate that the country has a serious problem?
Alex Ar [27]

Answer:

<u><em>No, Trade deficits occur when a country's investment spending is higher than its level of saving</em></u>

Explanation:

As sad above trade deficits occur when a country's investment spending is higher than its level of saving but it is not a serious problem .

Trade deficit is that in which the imports are more than the export.Trade deficit can cause problem like balance of payment which affects the shortage of foreign exchange and this situation can hurt the  countries. Trade deficits not only affects foreign exchange but it also affects the economic stability and growth process.

The trade balance can corrected by consuming less and by saving more , and even by depreciate the exchange rate.

8 0
4 years ago
You know very little about the migratory habits of the flamingo, but you are told to give an extensive report about them to a pa
serious [3.7K]

Answer:

(b). Informal research

Explanation:

Based on the scenario being described within the question it can be said that the type of research that you will be conducting in the library is known as informal research. This refers to research that does not adhere to a strict structure and instead tries to collect and analyze as much information regarding a certain subject as possible in order to create a rough conclusion regarding that subject. Which is what you need in order to report to the panel of ornithologists.

4 0
3 years ago
The _____________ can be insular with each component concerned about only its own performance, teamwork is not emphasized, and d
VashaNatasha [74]

Answer:

<u>Functional Type Organizations</u>

Explanation:

Under a functional type of organization, an organization is divided into departments based upon functional area of specialization.

For instance, a company may have different departments based upon functions performed therein such as accounting and finance, human resources, marketing and sales, etc.

The disadvantage of this form being an individual reports to multiple heads since purchase department for instance would manage the purchases of the entire organization.

Lack of coordination is one of the major disadvantages of this form of organization since departmental goals assume precedence over organizational goals and individuals get restricted to the operations of their own department rather than the organization as a whole.

4 0
3 years ago
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