Answer:
The answer is C) a mutual mistake
Explanation:
A mutual mistake occurs when the parties to a contract are both mistaken about the same material. Marquez and Dale, both thought that the truck would be big enough to do the job.
Answer:
See below
Explanation:
Option of whether Pine street Inc. should sell unfinished book cases
Sales per unit
$59
Less:
Variable cost per unit
$37
Contribution per unit
$22
Less:
Fixed cost
$10
Operating profit
$10.
Option of whether Pine street inc. should sell finished book cases
Sales per unit
$75
Less :
Variable cost per unit
$8
Contribution per unit
$67
Less :
Fixed cost
$10
Operating profit
$57
Therefore, it is recommended that Pine street inc. should sell finished book cases because that would yield the highest operating profit.
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:
Laser printer
Explanation:
Laser printers are quicker than inkjet printers (producing more pages per minute), generate higher-quality output (with some limitations), and are better suited for high-volume production. Laser printers produce significantly finer lines than inkjet printers, making them ideal for text, logos, and corporate information graphics.
