Answer:
$ 870,000
Explanation:
Given data:
The funds raised by the cancer society = $ 900,000
The amount that has been collected back = $ 600,000
The amount that is uncollectible = 10% of the remaining amount
i.e 10% of ( $ 900,000 - $ 600,000 ) = $ 30,000
Therefore,
the net amount of revenue the society should recognize during the current year from this pledge drive is calculated as:
= The funds raised by the cancer society - The amount that is uncollectible
or
= $ 900,000 - $ 30,000
or
= $ 870,000
Answer:
a. decreases the interest rate and so investment spending increases.
Explanation:
An increase in government spending has a crowd-out effect on the economy as interest rate rises since government borrows more than many businesses in terms of size and volume. The opposite effect results when government spending decreases.
Answer:
Upward sloping because increases in output raise input prices.
Explanation:
If an increase in the demand for movies also increases the salaries of actors and actresses, then the long-run supply curve for movies is likely to be upward sloping because increases in output raise input prices.
The resource of production called <em>natural resources </em>includes mineral deposits underground. Only the things that man hasn't made himself, but which are given by nature, can be considered natural resources.
Answer:
$42,000
Explanation:
Computation of Brett's outside tax basis in his LLC interest.
Contributing partner's outside basis can be seen as a basis which is consists of the amount of the basis of the contributed property minus any debt relief plus any of the partnership debt which was allocated to the partner.
Therefore When there are allocatingn of the nonrecourse debt which was been secured by the contributed property, this means that any nonrecourse debt that tend to exceeds the basis of the contributed property must be effectively allocated to the partner alone that contributed to the property.
Therefore Any remaining nonrecourse debt will be allocated according to the partners' profit sharing ratios which is :
Cash+ $ Basis of building− debt on building+ (50% profit sharing ratio × nonrecourse bank nonrecourse mortgage less basis of contributed property + (50% × remaining mortgage on building) = Total tax basis
[$4,200+ $26,000
=$30,000−$31,000
=$1,000
Hence,
$1,000 + $23,000 +$5,000 + $13,000
Outside tax basis =$42,000
Therefore Brett's outside tax basis in his LLC interest would be $42,000
