• Initially default risk increases, yield increases, price of AIG decreases
• After government intervention, default decreases, yield decreases, price of AIG increases
Answer and Explanation:
a. A partner can report his share of the loss of partnership on his personal income tax return to the base limit during his or her partnership interest.
Its partnership interest is based on $45,000 and its share of loss of the partnership is $24,000
So W can report all of the $24,000 partnership loss on his personal income tax return.
b. W's partnership loss reported on his income tax return, and the cash distributed by the partnership to him will reduce his partnership interest base.
Now,
W's basis in his partnership interest at the end of 2014 is
= W's basis in his partnership interest - Partnership loss reported by W on his income tax return - Cash distributed to W by the partnership
= $45,000 - $24,000 - $12,000
= $9,000
Answer:
The industrial revolution
Explanation:
The industrial revolution which is also known as the first industrial revolution during the 18th century is referred to the transition of industries in a new advanced manufacturing process in the United States and Europe.
It is said in many research that the time of the industrial revolution is very harsh for workers and other labor category but it improves the standard of living of people of that time which is due to an increase in wages.
Answer:
96.3 days
Explanation:
Inventory turnover is calculated as;
= ( Average inventory / cost of goods sold ) × 365
Where,
Average inventory = (Beginning inventory + Ending inventory) / 2
Average inventory = ($208,000 + $188,000) / 2
Average inventory = $198,000
Therefore,
Inventory turnover = ($198,000 / $750,000) × 365
Inventory turnover = 96.3 days
The average number of days for Tinker to sell it's inventory during 2019 is closest to 96.3 days
Answer:
The correct answer is option B.
Explanation:
Betty's beads is a firm in a perfectly competitive market.
Currently the marginal cost of the firm is $12.
The marginal revenue is $15.
The average total cost is $10 and the average variable cost is $8.
A perfectly competitive firm faces a horizontal line demand curve which also represents the marginal revenue. This implies that the price of the firm is $15.
The firm is earning a profit as the revenue earned by the firm is higher than costs incurred. This will attract other potential firms to join the market in the long run.
