1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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:

You might be interested in
To simplify our consumption models, suppose U.S. consumers only purchase food and all other goods where food is plotted along th
solong [7]

The way that this policy is going to be known to affect the consumers budget line is that it would make the budget line flatter.

<h3>How does this policy affect the budget line?</h3>

First the formula for the intercept is given as

budget divided by the price of the good on their different axis.

The exemption of taxes is going to make the price of the good on x to fall. This would then raise the ability to afford it. The intercept then goes to the right. Hence it is flatter.

Read more on consumption models here:

brainly.com/question/15088059

#SPJ1

3 0
2 years ago
_____ best prepares team members to step in and take the place of a member who may temporarily or permanently leave the team.
gtnhenbr [62]
I believe the answer is Cross Training, hopefully im not to late...
8 0
4 years ago
Read 2 more answers
The George Company has a policy of maintaining an end-of-month cash balance of at least $40,000. In months where a shortfall is
Amiraneli [1.4K]

Answer:

A.$130

B. $13,130

Explanation:

Loan taken at the beginning of april in order to maintain cash balance of $40,000 = $40,000 - $27,200 = $12,800 = $13,000 (Increment of $1,000)

Interest payment estimated for april = $13,000*12%*1/12 = $130

Solution b:

Cash balance at the end of april = $27,200 + $13,000 - $130 = $40,070

Cash balance at the end of may before financing effect = Cash balance at the beginning + Excess of cash collected over cash payments

= $40,070 + $31,200 = $71,270

Total financin effect for may = Loan repayment + Interest repayment = $13,000 + $13,000*12%*1/12 = $13,130

3 0
3 years ago
Al Miler, owner of Al's Garage, estimates that he will need $29,000 for new equipment in 15
Lynna [10]

Answer:

The answer is option A). $6,710.60

Explanation:

The total amount Al miler will need to invest at the beginning to have the money in 15 years is known as the principal amount.

The formula for calculating the total amount after 15 years with interest compounded semiannually is as follows;

A = P (1 + r/n) (nt)

where;

A = the future value of the initial investment

P = initial investment amount/principal amount

r = the annual interest rate

n = the number of times that interest is compounded per unit t

t = the time the money is invested for

In our case;

A=$29,000

P=p

r=10/100=0.1

n=interest is compounded semiannually which is twice a year=2

t=15 years

Replacing values in the formula;

29,000=p(1+0.1/2)^(2×15)

29,000=p(1+0.05)^30

29,000=4.322 p

p=29,000/4.322

p=$6,710

Al must invest $6,710 for him to have enough money for the new equipment in 15 years

5 0
3 years ago
How do i cancel my account i made because it does not work
Gre4nikov [31]

A account for here? Ask a server administer  to cancel it I guess. I can't recall anywhere where it said how to delete or discontinue my account.

7 0
4 years ago
Read 2 more answers
Other questions:
  • The act of buying and selling collectively form a contract. True or False
    11·1 answer
  • Asa has a contract with Phil to personally provide fortune-telling services at Phil's daughter's birthday party. Phil's daughter
    10·1 answer
  • Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Eq
    6·1 answer
  • What is insurance?<br> ANSWER PLSSS
    9·1 answer
  • A general environmental analysis can be expected to produce all of the following EXCEPTa. objective answers.b. recognition of en
    5·1 answer
  • Three critical activities occur during group socialization that affect the productivity of teams, and they are:
    10·1 answer
  • The difference between absorption costing net operating income and variable costing net operating income can be explained by the
    10·1 answer
  • Match each of the definitions that follow with the appropriate investment term.
    11·1 answer
  • Item8 3.57 points Item Skipped eBook AskPrintReferences Check my work Check My Work button is now enabledItem 8Item 8 3.57 point
    7·1 answer
  • Which of the following is a false statement?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!