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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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Keith_Richards [23]

Answer:

Output = 4%*3000 * $70 * 3

Output = $25,200

Labor hours productivity = Output / Labor hour

Where Labor hour = 3 * 40 hours = 120 hours

Labor hours productivity =  $25,200 / 120 hours

Labor hours productivity = $210 per labor hour

Multi factor productivity for this operation = Output / Multi factor input

Where Multi factor input = 120*$25 + $1,000 + $9,000 = $13,000

Multi factor productivity for this operation = $25,200 / $13,000

Multi factor productivity for this operation = 1.938462

Multi factor productivity for this operation = 1.94

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3 years ago
Facing stiff competition in the e-reader market, Sumac Industries wants to protect its competitive advantage by increasing the p
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A good strategy for maintaining their position can be done through putting spot-light on the celebrity users of Sumac e-reader.This will be highlighted among celebrity fans or followers and general customers. It will promote or inspire people to purchase Sumac e-reader more as celebrities are using their product.

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4 years ago
PLS HELP!!!!! THANK U<br> Sample Work: Writing an Informative Essay: Prewriting BATTLING ADVERSITY
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svetoff [14.1K]

Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

<h3>What is Sweepstakes?</h3>

Sweepstakes is a form of gambling in which everyone involved in the contest pay a certain amount of money and the winner is awarded with a price or the money contributed.

Therefore, Sweepstakes does not require a consumer to purchase anything aside from the the ticket they will fill out for a chance to win prices.

Learn more about Sweepstakes below.

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6 0
2 years ago
A property is leased for $24,000 per year although market rents are currently $27,500 per year and are expected to increase by 2
zhannawk [14.2K]

Answer:

the present vlaue of the ledased property = $251,298

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using a financial calculator, the present value of the property = $251,298

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