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Zina [86]
3 years ago
15

Jane has a 30% interest in a cash-basis general partnership. Her adjusted basis in the partnership was $50,000 at the beginning

of Year 1. There were no distributions to Jane during the year. On August 1, Year 1, the partnership borrowed $200,000 for the following reasons: Purchase depreciable business equipment $ 30,000 Pay balance on existing note in full 170,000 All of the partners are personally liable for all partnership debts. The partnership incurred a $250,000 loss in Year 1. What amount can Jane claim as a loss from the partnership on her Year 1 individual income tax return
Business
1 answer:
yulyashka [42]3 years ago
3 0

Answer:

30000

Explanation:

because I was a people that wice

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What type of footwear protects you from chemicals and provides extra traction on slippery floors?
pishuonlain [190]
Its rubber boots which protects <span>you from chemicals and provides extra traction on slippery floors.

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4 0
3 years ago
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After graduation you face a choice. One option is to work for a highly regarded consulting firm and earn a starting salary (bene
Kaylis [27]

Answer:

(a) $93,000

(b) $55,600

(c) $54,600

(d) -$1,000

Explanation:

An explicit cost refers to the costs that are incurred to run a business such as rent, wages and materials.

Explicit costs:

= Rent + supplies + Office staff + salary + Telephone expenses

= $18,000 + $1,000 + $50,000 + $20,000 + $4,000

= $93,000

Implicit cost is also known as opportunity costs.

Implicit cost:

= (Amount of saving × Rate) + Salary from consulting firm

= ($12,000 × 0.05) + $55,000

= $600 + $55,000

= $55,600

Accounting profit = Revenues - Explicit cost

                             = $147,600 - $93,000

                             = $54,600

Economic profit = Accounting profit - Implicit costs

                           = $54,600 - $55,600

                           = -$1,000

5 0
3 years ago
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______ can be used by a manufacturing firm to generate computerized documents sent to the supply chain members to signal that pr
kolbaska11 [484]

Answer:

The answer is Application Programming Interface (API)

Explanation:

API is a virtual portal that allows tokenized set of data to be transmitted among many parties. By tokenize data and transmit through APIs, parties can get the required data quicker and more secured. In the example, computerized documents can be transmitted among supply chain members to signal that products and materials need to be pulled.

8 0
3 years ago
The coordinates of point T are ​(​0,​5). The midpoint of is ​(6​,​-4). Find the coordinates of point S.
IRISSAK [1]

Answer:

Point S is at (10,-11) :)

Explanation:

4 0
3 years ago
Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary
Lana71 [14]

Answer:

FV= $1,930,661.48

Explanation:

Giving the following information:

Joe's starting salary is $80,000 per year. He plans to put 10% of his salary each year into a mutual fund. He expects his salary to increase by 5% per year for the next 30 years, and then retire. If the mutual fund will average 7% annually

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {8000*[(1.12^30)-1]}/0.12= $1,930,661.48

3 0
4 years ago
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