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Digiron [165]
4 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]4 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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The most long-lasting strategic alliances Multiple Choice (1) involve collaboration with suppliers or distribution allies, or (2
Ostrovityanka [42]

Answer:

(1) involve collaboration with suppliers or distribution allies, or (2) conclude that continued collaboration is in their mutual interest, perhaps because new opportunities for learning are emerging.

Explanation:

The strategic alliances that are long lasting should include the collaboration made with the suppliers also it is concluded that if there is continued collaboration so it is a mutual interest so new opportunities that are learned should be emerged

Therefore the first two options should be considered

3 0
3 years ago
Christopher sold 100 shares of Cisco stock for $5,500 in the current year. He purchased the shares several years ago for $2,200.
alexgriva [62]

Answer:

tax at 15 %  gain = $495

Explanation:

given data

sold = 100 shares

Sale stock = $5,500

purchased shares = $2,200

income tax rate = 24 percent

to find out

how much tax will he pay on this gain

solution

we know here that at long term gain  we have given Sale value  and Cost of stocks

so here total Gain will be

gain = Sale value - Cost of stocks    ...............................1

put here value

gain = Sale value - Cost of stocks

gain = $5,500 - $2,200

gain = $3,300

so here we can say that

tax is 15 %

tax at 15 %  gain = 15 % of $3,300

tax at 15 %  gain = $495

as we know his marginal rate on ordinary gain is above 15%

so that capital gain must be 15%

3 0
3 years ago
Which of the following countries contributes the least amount of aid to foreign countries and multinational organizations based
katrin [286]

The country that contributes the least amount of aid to foreign nations and multinational organizations based on its GNI is the B. United States.

<h3>How much aid does the U.S. contribute?</h3>

The U.S. is perhaps the largest donor to international organizations and foreign nations with billions going to other nations annually.

The percentage that is given as aid is however a small amount of U.S. national income thanks to the staggering amount earned by Americans in a year.

Options for this question include:

A. United Kingdom

B. United States

C. Germany

Find out more on aid to foreign nations at brainly.com/question/769309

#SPJ1

4 0
2 years ago
A company received cash sales of $15000. They also collected $43000 in receivables during the same month.
Bezzdna [24]

Answer:

1.) D

2.)C

3.)D

Explanation:

3 0
3 years ago
Read 2 more answers
The process of determining the probability that potential customers will not pay is called:
DENIUS [597]

The process of determining the probability that potential customers will not pay is called <u>"credit analysis".</u>


Credit analysis is a sort of analysis an investor or bond portfolio chief performs on organizations or other obligation issuing substances to gauge the element's capacity to meet its obligation commitments. The credit investigation looks to recognize the suitable dimension of default chance related with putting resources into that specific substance.  

The result of the credit analysis will figure out what hazard rating to appoint the obligation guarantor or borrower. The hazard rating, thus, decides if to stretch out credit or advance cash to the obtaining substance and provided that this is true, the sum to loan.

5 0
3 years ago
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