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Hatshy [7]
2 years ago
12

Several years ago, Joy acquired a passive activity. Until 2018, the activity was profitable. Joy's at-risk amount at the beginni

ng of 2018 was $250,000. The activity produced losses of $100,000 in 2018, $80,000 in 2019, and $90,000 in 2020. During the same period, no passive activity income was recognized. How much is suspended under the at-risk rules and the passive activity loss rules at the beginning of 2021
Business
1 answer:
Galina-37 [17]2 years ago
3 0

Answer:

b. $20,000: $250,000

Explanation:

The computation is shown below:

The passive activity rules at the opening of 2021 would be equivalent to the amount given i.e. $250,000

And, the suspended amount would be

= $100,000 + $80,000 + $90,000 - $250,000

= $270,000 - $250,000

= $20,000

Hence, the correct option is b.

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Marketing News is a magazine from the American Marketing Association that covers all aspects of the marketing industry. It is ma
KatRina [158]

Answer:

Vertical publication

Explanation:

Vertical publication are those types of publications where the editorial content is majorly focused on one type of industry or business. They are similar to trade magazines. In this case, the publication is concerned and majorly focused on marketing industry, hence why we refer to it as a vertical publication. They are publications usually written to benefit a particular business, industry or profession.

3 0
3 years ago
Read 2 more answers
Use a T-account analysis to determine the amount of cash paid to suppliers of merchandise during the reporting period if cost of
larisa86 [58]

Answer:

The amount of cash paid to suppliers of merchandise during the reporting period is $31

Explanation:

Inventory beginning balance is $90, ending balance is $93

Account payables beginning balance is $14, ending balance is $16

Cost of goods sold is $30

Using T accounts: Beginning Inventory + Purchases - Ending Inventory = Cost of Goods Sold.

Therefore Purchases = Cost of Sales - Beginning Inventory + Ending Inventory

Purchases = 30-90+93 = 33

<h2 />

In the Accounts Payable Account

Opening balance and Credit purchases are on the credit side, while payment to suppliers and closing balance are on the debit side

Therefore: Opening balance + Purchases during the period = Payments during the period + closing balance.

Hence: 14+33= payments during the period + 16

Payments during the period = 14+33 - 16 = $31

7 0
3 years ago
Why is it important for a company to pay attention to its
Luden [163]

The company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.

<h3>What is CSR?</h3>

Corporate social responsibility CSR is a concept where a business engages in activities that makes it accountable to a wide range of stakeholders.

Corporate social responsibly make businesses corporate citizens. A business shares some of its profits with society by funding projects and programs that benefit the community.

Hence, the company needs to make sure its suppliers are providing products at the lowest cost reason it is important for a company to pay attention to its supply chain when practicing CSR.

Learn more about CSR here : brainly.com/question/14624782

8 0
1 year ago
indicates that there can be a performance decrease as a team goes through the storming phase of team development. During the sto
vesna_86 [32]

Answer:

a. Team performance curve

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

Team performance curve indicates that there can be a performance decrease as a team goes through the storming phase of team development. During the storming phase in team development, team performance declines for a period of time as conflicts emerge regarding goals and contributions of team members.

8 0
2 years ago
Dr. Faulk's Outdoor Market wants to raise $2 million by selling 20-year coupon bonds at par. Comparable bonds in the market have
Greeley [361]

Answer:

The coupon rate should be: 6.62%.

Explanation:

* Yield to maturity calculation:

With the comparable bond in the market, we have:

+ Semiannual coupon payment = 2 million x 6.3% / 2 = $63,000

+ Price of the bond = 2,000,000 x 96.5% = $1,930,000

=> 1,930,000 = [ (63,000/YTM) x ( 1 - (1+ YTM)^(-40) ] + [2,000,000/(1+YTM)^40] <=> YTM = 3.31%.

* Coupon rate calculation:

To raise $2 million with the duration for 20-year, the present value of the coupon streams from the Bond the company offers plus the present value of the face value repayment in 20 years time; discounting at YTM, should equal to $2 million:

we have:  

2,000,000 = [ (Coupon payment/3.31%) x ( 1 - 1.0331^(-40) ] + [2,000,000/1.0331^40] <=> Coupon payment = $66,200.

=> Coupon rate = Semiannual coupon payment / Face value x 2 = 66,200/2,000,000 x 2 = 6.62%

8 0
3 years ago
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