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Novay_Z [31]
3 years ago
5

Gerald received a one-third capital and profit (loss) interest in XYZ Limited Partnership (LP). In exchange for this interest, G

erald contributed a building with an FMV of $31,000. His adjusted basis in the building was $15,500. In addition, the building was encumbered with a $9,300 nonrecourse mortgage that XYZ LP assumed at the time the property was contributed. What is Gerald's outside basis immediately after his contribution
Business
1 answer:
olchik [2.2K]3 years ago
7 0

Answer:

The appropriate answer is "$9,300".

Explanation:

The given values are:

FMV,

= $31,000

Adjusted basis,

= $15,500

Encumbered mortgage,

= $9,300

Now,

The Gerald's outside basis will be:

= Adjusted \ basis-Encumbered \ mortgage+Share \ of \ mortgage

On substituting the given values, we get

= 15,500 - 9,300+(\frac{9,300}{3})

= 15,500 - 9,300 + 3,100

= 18,600-9,300

= 9,300 ($)

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shusha [124]

Answer:

$47

Explanation:

JJ Enterprises

Interest $277

long-term debt i$5,010,

long-term debt of $4,780,

Therefore;

CFC = $277 −($5,010 −4,780)

CFC = $47

Thus the cash flow to creditors for the year is $47

5 0
3 years ago
for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effe
rusak2 [61]

The modular structure would be more effective for a company making technology with specialized components (false option)

Business modular structure is a term that refers to a type of structure in which a company is subdivided into specialized small units in some particular aspect of the production process.

This type of structuring is the best option for a company that makes specialized technological objects because each subdivision of the company can focus on different processes with greater specificity.

On the other hand, this structure allows the company to constantly improve itself because a major restructuring is not required when a failure is detected but can be quickly amended in the subdivision that presents problems.

Additionally, customer divisional structure is not the best option for this company because it is not necessary to segment the target audience since its products are highly specialized and are already aimed at a specific market segment.

Learn more in: brainly.com/question/11797076

4 0
3 years ago
Suppose potential income is $80 billion, actual income is $40 billion, and expenditures don't vary with income. If the actual bu
gogolik [260]
A(4billion)

Because I 4-(5-22)-2
7 0
3 years ago
Mary is in contract negotiations with a publishing house for her new novel. She has two options. She may be paid $100,000 up fro
Mazyrski [523]

Rule I is correct.

<u>Explanation:</u>

Year Cash flow Pv at 8% Discounted cash flow

0           100000              1         100000

1            26000              0.9259 24074.074

2            26000               0.8573 22290.809

3             26000         0.7938 20639.638

4             26000      0.7350 19110.776

5             26000       0.6806 17695.163

From the above calculation, the net present value is $203810.46

          Option 1   Option 2

NPV 203810.5 200000

Payback    5 years   0 years

IRR             No IRR No IRR

NPV (Net present value) option say that former would be selected

So, answer is Rule I only.

5 0
3 years ago
The treasurer of a major U.S. firm has $36 million to invest for three months. The interest rate in the United States is .24 per
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
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