Answer: Esther does not recognize any gain or loss on the distribution and her remaining basis in EE is $15,000
Explanation:
Base on the scenario been described in the question, repayment of liabilities is treated as a cash distribution. Esther's share of the debt reduction is Since this amount is lower than her outside basis ($40,000) she does not recognize a gain or loss.reduces her outside basis by the $25,000, which leaves her $15,000 of outside basis in EE afterthe debt repayment.
Answer:
The mission of the institute is to promote agricultural science and to train manpower for agricultural development focusing on teaching, research and extension.
Explanation:
Answer:
D. Direct materials is a variable cost and rent expense is a fixed cost.
Explanation:
- As clearly seen from the data the direct material cost is varying but the rent cost is fixed cost.
If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.
<h3>What is Supply Curve?</h3>
The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.
The complete question is attached below.
According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.
It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.
Learn more about supply curve here:
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Answer:
E. Yes: The MIRR is 9.13 percent.
Explanation:
<em>The First Step is to Calculate the Terminal Value at end of year 4. </em>
Terminal Value (FV) = Sum of (PV x (1 + r) ^ 5 - n)
= $107,500 x (1.134) ^ 3 + $196,100 x (1.134) ^ 2 + $104,500 x (1.134) ^ 1 + -$92,700 x (1.134) ^ 0
= $156,764.47 + $252,175,97 + $118,503 - $92,700
= $434,743.44
<em>The Next Step is to Calculate the MIRR using a Financial Calculator :
</em>
- $287,500 CFj
0 CFj
0 CFj
0 CFj
$434,743.44 CFj
Shift IRR/Yr 9.13%
Therefore, the MIRR is 9.13%
.