Answer:
$12,000
Explanation:
According to the given situation,the computation of the outside basis is shown below:-
Total Outside basis = Adjusted basis - Non-recourse mortgage + G's share of mortgage
= $18,500 - $9,750 + ($9,750 × 3)
= $18,500 - $9,750 + $3,250
= $12,000
Therefore for computing the total outside basis we simply applied the abovbe formula.
Answer:
Explanation:
a. . What gain or income, if any, will the parties recognize on the transfer?
It should be noted that a gain or a loss will not be recognized when a property is being transferred to a company in order for the said property to be exchange for a stock. Therefore, none of the parties that are involved will get any gain or income.
b. What basis do Ann and Bob have in the stock in Robin Corporation?
Based on the question, Ann will have a basis of $150,000 while Bob will get ($30,000 + $15,000) = $45,000 in the stock in Robin Corporation.
c. What is Robin Corporation's basis in the property and services it received from Ann and Bob?
Robin Corporation's basis in the property and services it received from Ann and Bob is a value of $150,000 for the assets of Ann and $30,000 for Bob's asset.
Licensee mike was owed a commission from seller jane. jane has refused to make payment. The recourse licensee mike has is he can seek damages from his broker.
A sales commission is typically an amount paid to an employee upon completion of a task for the sale of a specified quantity of goods or services. Employers sometimes use sales commissions as an incentive to increase employee productivity. Commissions may be paid in addition to or in lieu of salary.
Commission-based compensation benefits employees because they are ultimately in control of their income. In many ways, when a company uses commission payments, it doesn't limit an employee's potential to increase their income. Jobs that typically earn commissions include:
Learn more about commission here:brainly.com/question/25169847
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Answer: $379,500
Explanation:
Total Sales = <em>Break-even sales + Margin of Safety </em>
The Break-Even sales are therefore = 100% - 20%
= 80% of sales
Total Sales is therefore;
Break-even = 80% * Total Sales
Total Sales = Break-even/80%
= 759,000/0.8
= $948,750
Assuming no fixed costs, actual profit will be Sales less Variable expenses;
=Sales - Variable expenses
= 1 - 60%
Actual profit = 40% * Sales
= 40% * 948,750
= $379,500
