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Digiron [165]
3 years ago
10

Jerry is a 30 percent partner in the JJM Partnership when he sells his entire interest to Lucia for $82,750 cash. At the time of

the sale, Jerry’s basis in JJM is $54,250. JJM does not have any debt or hot assets. What is Jerry’s gain or loss on the sale of his interest?
Business
1 answer:
Scrat [10]3 years ago
6 0

Answer:

Jerry's gain on the sale= $28,500

Explanation:

When Jerry sells his interest in JJM to Lucia his basis ($54,250) is what he owes and will be taken out of the proceeds he will get for selling his interest in the company.

Therefore

Jerry's gain on the sale= Amount of sale- Jerry's basis

Jerry's gain on the sale= 82,750- 54,250

Jerry's gain on the sale= $28,500

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brilliants [131]
That statement is False

If we change units in one of the variables the value increase, decrease, or stay the same
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7 0
3 years ago
Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Which of Melissa's
mash [69]

Melissa's characteristics that are not consistent with entrepreneurship is that Melissa tends to put things off until later.

<h3>What is entrepreneurship?</h3>

Entrepreneurship refers to the activity of setting up a business that takes financial risks in the hope of profit.

The missing options in the questions are

  • Melissa has high self-confidence.
  • Melissa tends to put things off until later.
  • She is untroubled by uncertainty.
  • She has a high need to achieve.
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Melissa is a very good middle manager. However, she has for a very long time wanted to open her own business. Melissa's characteristics that are not consistent with entrepreneurship are she tends to put things off until later.

Therefore, B is the correct option.

Learn more about Entrepreneurship here:

brainly.com/question/18203575

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5 0
2 years ago
An employee stealing company data could be an example of which kind of threat actor?.
vesna_86 [32]
It would be an example of an internal threat i believe
4 0
2 years ago
Why is important to have a checking account savings account and certificate of deposit?
alexdok [17]

Answer:

So you can be prepared to handle future responsibilities about finances.

Explanation:

One prime example would be when you go to college you need to make decisions whether to keep the money or give it away for some fragile reasons/needs. Maintaining a checking account instills the habit to grow & safeguard the savings you might make working after school. Just my two cents! :)

3 0
3 years ago
After a listing has expired, the original listing broker may be paid a commission under the terms of the holdover clause in the
Masteriza [31]

Option 4 , All the above

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- the broker was the procuring cause for the purchaser

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6 0
3 years ago
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