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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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These securities are short-term government securities with maturities ranging from a few days to 52 weeks. They are sold at a di
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They are called T-Bills.

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3 years ago
g Last year, Adventure Enterprises reported revenues of $24 million while its total expenses were $10 million. Based on this inf
marysya [2.9K]

Answer:

The answer is ' a profit of $14 million

Explanation:

Revenue = $24 million

Total expenses = $10 million

Profit(loss) = Revenue minus total expenses

$24 million - $10 million

Profit = $14 million.

It is a profit because revenue is greater than total expenses. Adventure Enterprises will report a loss if reported total expenses was greater than reported revenue

6 0
3 years ago
How can being a team player contribute to the salesperson’s success? To the success of the salesperson’s business?
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Having people you can work well with create a good work environment which helps more salespersons become more successful
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4 years ago
Crane, Inc. had net sales in 2020 of $1,488,400. At December 31, 2020, before adjusting entries, the balances in selected accoun
Arte-miy333 [17]

Answer:

Explanation:

The journal entry to record the bad debt expense is shown below:

Bad debt expense A/c Dr  $11,181

  To Allowance for doubtful debts  $11,181

(Being bad debt expense is recorded)

The computation of the bad debt expense is shown below:

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4 0
3 years ago
According to Thomas Baekdal, which of the following is a critical factor for the success of a viral marketing campaign? restrict
AlekseyPX

The critical Factor for the success of viral marketing campaign is making sequels

Answer: Correct option is (B)

<u>Explanation:</u>

Viral marketing is conducted through internet.Under this simply the consumers are asked to share the information regarding a company's products through the medium called internet.In this way a product is very easily marketed without much efforts.It is very easy to conduct a viral marketing campaign .Simply we have to  create a video related to the product and it is further shared.

There are many factors which play an important role in the success of viral marketing campaign.But making sequels is the critical factor which contributes a lot in the success of this campaign.

Viral marketing gives energy to our campaign.It attracts the attention very easily.It's impact is tremendous.If our campaign has influenced and gained the attention of people than it would be beneficial to repeat that campaign with additions.This can be done by making sequels ,Like making movies similar to the previous one or giving behind the scene looks of a particular movie  or campaign that has gained the attention.

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4 0
3 years ago
Read 2 more answers
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