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Lunna [17]
3 years ago
7

Byron is a partner in the Dowdy Group. At the close of the current year, Byron's basis in the partnership is $34,000. At that ti

me, the partnership distributes cash of $8,000 and property with a basis of $9,000 and a fair market value of $13,000 to each partner. What is Byron's basis in the partnership after the distribution?
Business
1 answer:
Kitty [74]3 years ago
6 0

Answer:

$17,000

Explanation:

The partnership takes on/out  the basis of contributed/ distributed property; cash is always consider basis as its face value.

The fair market value of property distributed is used to consider contributor’s gain/ loss only.

The basis in the partnership after distribution = current basis in partnership – cash distributed – basis of any other distribution

Thus Bryon’s basis in the partnership after the distribution = $34,000 - $8,000 = $17,000

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3 years ago
______________ give government the power to block certain mergers, and in some cases, to break up large firms into smaller ones.
Sonja [21]

Answer:

Antitrust law

Explanation:

Antitrust law are a collection of federal and state laws which is meant to create a conducive atmosphere for businesses to operate, such that there would be healthy competition among businesses. This law cut across all sectors such as transportation, health, manufacturing industries etc.

Examples of law promulgated for antitrust are the Sherman act, the Clayton act; all of which are responsible for the prohibition of certain practises by business such as illegal price fixing and corporate mergers which could hinder a market from being competitive, hence break them into smaller units.

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3 years ago
Procter &amp; Gamble is a multinational corporation that manufactures and markets many household products. Last year, sales for
Stolb23 [73]

Procter & Gamble is a multinational corporation that manufactures and markets many household products  is our goal is to use every opportunity we have no matter how small to set change in motion. To be a force for good and a force for growth. Compute Procter & Gamble's receivable turnover ratio and its inventory turnover ratio.

         

Ans.1a Account receivables turnover ratio  =  Net credit sales / Average trade receivables  

   74756 / 6447      

   11.60 times      

         

 *Net credit sales  =  Total sales * 90%      

 83062 * 90%        

 74756        

         

 *Average receivables  =  (Beginning receivables + Ending receivables / 2    

   (6508 + 6386) / 2      

   6447      

         

Ans.1b Inventory turnover ratio   =    Cost of goods sold / Average inventory    

   42362 / 6834      

   6.20 times      

         

 Cost of goods sold  =  Total sales - Gross profit      

   83062 - (83062 * 49%)    

   42362      

         

 *Average inventory  =  (Beginning inventory + Ending inventory) / 2    

   (6909 + 6759) / 2      

   6834      

         

Ans.2a Days' sales in accounts receivables  =  No. of days in year / Receivables turnover ratio  

     365 / 11.60    

     31.47 days    

         

Ans.2b Days' sales in inventory  =  No. of days in year / Inventory turnover ratio    

   365 / 6.20      

   58.87 days

Learn more about  turnover ratio here

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3 0
1 year ago
The company town, in which a major employer builds homes and commercial buildings, and provides the goods and services needed by
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Answer:

A) True

Explanation:

Paternalistic social responsibility refers to acts whereby managers provide for the essential needs of the employees such as providing them with accommodation facilities along with satisfying other needs such as food.

Henri Ford was among the first initiators of such a responsibility when he provided health programs and recreational services to his employees.

Building town homes with provision for food by employer is an example of paternalistic social responsibility.

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Lamar Company is considering a project that would have an eight-year life and require a $2,400,000 investment in equipment. At t
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Paybackperiod=Intial investment / Net annual cash inflow

project's payback period is 4.5 years.

<h3>What is net operating income?</h3>
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  • Subtract all property-related running costs from all income earned at the property to arrive at NOI.
  • A property owner can manipulate the operational expenditures included in the NOI statistic by delaying or accelerating particular revenue or expense elements.
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