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Anastaziya [24]
2 years ago
9

BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are fa

ther and son. Jack has a 10 percent interest in Trumpet Partnership. What is Jack’s total direct and constructive ownership of BJT Corporation under Section 267?
Business
1 answer:
natulia [17]2 years ago
8 0

Answer:

33%

Explanation:

By virtue of been having 10% interest in Trumpet Partnership, Jack has a 10% share out of 30 percent owned by Trumpet Partnership (0.10 * 30=3%).

Additionally, his own 30 percent is still pay of his direct and constructive ownership of BJT Corporation, thus making his total direct stand at 33%.

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Answer:

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Explanation:

4 0
3 years ago
The January 28, 2017 (fiscal year 2016) financial statements of Caleres, Inc. reported the following information (in thousands):
san4es73 [151]

Answer:

A. 136.2 days

Explanation:

To compute the average days inventory outstanding, first, we have to find out the inventory turnover ratio

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where,  

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= ($546,745 + $585,764) ÷ 2

= $566,254

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Now put these values to the above formula  

So, the answer would be equal to  

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5 0
2 years ago
During the current month, the Acme company had receivables of $16,590. It also had outgoing expenditures of $12,730. The company
andreyandreev [35.5K]

Answer:

$3,849.87

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6 0
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Hope this helps and is what you were looking for 

5 0
3 years ago
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