Answer:
$0
Explanation:
Given that
Sue contributed amount = $18,000
FMV of land = $63,000
Basis in land = $28,000
Andrew contributed amount = $20,000
FMV of Building = $41,000
Basis in equipment = $16,000
Basis in building = $28,000
Based on the above information, the gain that would be recognized is $0 as Partnerships recognize no gain on receiving contributed valued property. At the disposal of the asset, the constructed-in benefit or constructed-in loss will be revealed. For this, the partnership basis property i.e being acquired should be based on a carryover basis.
Answer:
(a) 65.22%
(b) $28,800; $38,400; $9,600
Explanation:
Total cost:
= variable cost + fixed cost
= (12,000 × 0.90) + 18,000
= 28,800
Total Revenue:
= quantity of cupcakes sold × selling price of each cupcake
= 12,000 × 3.2
= 38,400
Profit:
= Total revenue - Total cost
= 38,400 - 28,800
= 9,600
Break even sales:
= Fixed cost ÷ contribution margin
= 18,000 ÷ (3.2 - 0.90)
= 7,826.087
Break even volume in capacity:
= Break even sales ÷ Cupcakes produced
= 7,826.087 ÷ 12,000
= 65.22%
You did not provide a list but I feel you should dress professionally and be prepared to talk in a professional manner. I hope this helps. :)
Explanation:
goods and service tax I think that is the answer
