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omeli [17]
3 years ago
6

Assume the following sales data for a company:

Business
1 answer:
kaheart [24]3 years ago
5 0

Answer:

Percentage increase= 38%

Explanation:

Giving the following information:

Sales:

2022= $880,440

2021= $638,000

<u>To calculate the percentage increase in sales, we need to use the following formula:</u>

Percentage increase= [(2022/2021) - 1]*100

Percentage increase= [(880,440/638,000) - 1]*100

Percentage increase= 38%

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4 years ago
Fred contributes cash of $350,000 to Strumble Partnership for his 50% interest in the partnership. For his 50% interest Gary con
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Answer:

Gary's Basis in the partnership interest is $155,000

Explanation:

Particulars                                                                                Amount ($)

Adjusted Basis Of Land                                                          250000

Mortage*Share In Percentage ($200000*50%)                    (100000)

Additional Borrowing*Share In Percentage ($50000*50%)   (25000)

#Difference*Share In Percentage ($100000-$40000)*50%     30000

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Difference:

Net Income                                                                                   100000

Distribution Of Each Partner*2 ($20000*2)                                   (40000)

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it is intrapersonal, and i know that for a fact.

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Read 2 more answers
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