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timurjin [86]
3 years ago
9

Rob, Bill, and Steve form Big Company. Rob performs $45,000 of services for his 45 shares of the company. Bill transferred prope

rty with a basis of $5,000 for $75,000 of stock (75 shares). Steve contributes cash of $100,000 for his 100 shares. Which of the three must recognize income in the year of the formation?
Business
1 answer:
Mandarinka [93]3 years ago
6 0

Answer:

Rob and Bill.

Explanation:

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A company issued 5%, 20-year bonds with a face amount of $80 million. The market yield for bonds of similar risk and maturity is
natulia [17]

Answer:

n = 40

i = 3% (semiannual)

face value = $80 million

coupon payment = $2,000,000

market price:

PV of face value = $80 / (1 + 3%)⁴⁰ = $24.52 million

PC of coupon payments = $2 x 23.115 (PV annuity factor, 3%, 40 periods) = $46.23 million

market value = $70.75 million

7 0
2 years ago
What are three career pathways in the marketing cluster? A. Marketing Research, Professional Sales, and Merchandising B. Culinar
irina [24]

Answer:

A

Explanation:

A Marketing Cluster contain jobs in the marketing field which require the similar skills or educational qualification. An individual that studies marketing can find employment in any of the clusters  

4 0
2 years ago
​_______________ tend to carry a wide array of goods for a long period of​ time, while​ _______________ focus more on the positi
Makovka662 [10]

The answers are the following; assortment warehouse and spot stock warehouses.

It is because the assortment warehouse the capability of carrying goods in a long period of time while the spot stock warehouses only has seasonal goods that are placed or focused on.

7 0
3 years ago
How does the​ long-run equilibrium for a monopolistically competitive market differ from the​ long-run equilibrium for a perfect
Valentin [98]

Answer:

Following are the differences between monopolistically competetive market and perfectly competetive market.

Explanation:

Overall the profit ratio for the sellers is higher in monopolistically competitive market and low in a perfectively competitive market. In monopolistically competitive market, sellers charge a price higher than marginal cost, whereas, in a perfectly competitive market, the sellers charge a price equal to the marginal cost. In long-Run, the main difference between the competitive market and the monopolistic market is the excess capacity. It is the difference between the efficient level of output and profit-maximizing level of output.

3 0
2 years ago
Lesa drives her car approximately 18,000 miles per year. During the most recent year, she drove 7,000 miles commuting to and fro
White raven [17]

Answer:

The answer is: 4,500 miles

Explanation:

Lesa can only deduct 4,500 miles as transportation expenses form her taxable income. She could include any other related expenses like parking fees, tolls, etc., that she spent during her business related trips.

The 7,000 miles she drove to and form work are not considered business expenses, since going to work is not an actual part of working. It's like an employee trying to get paid for the time he or she spends in a bus going to work.

3 0
3 years ago
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