Which is greater: 1 hour or 60 minutes?

The best reason for depositing money in a bank or credit union savings account instead of keeping your money "under the mattress

nadezda [96]

Your money in a bank account or credit union can earn interest whereas your 'under the mattress' money is just sitting there.

4 0

3 years ago

Jay has a tax basis of $14,000 in his partnership interest at the beginning of the partnership tax year. The following amounts o

Snezhnost [94]

Answer:

B

Explanation:

Details Amt $

Jay's Tax basis in the partnership= 14,000

Loss Allocated to Jay in the current Year 15,000

So Loss suspensed due to Tax basis limitation= 1,000

Non recourse debt of Jay 500

So At risk amount =$14000-$500= 13,500

Remaining loss not suspended= 14,000

So out of $14000 loss not suspended , an amount

of $500 will be further suspended for at risk

limitation.

So Jay could deduct only $13500 loss after this.

So correct option is b . $1000, $500

3 0

3 years ago

A key disadvantage of the worldwide area structure is that it limits local responsiveness.

Novosadov [1.4K]

Answer:

<h2>The correct answer for the given question is False or option b. in the answer list.</h2>

Explanation:

In business,worldwide area structure or global area structure refers to the business operation of the multinational global companies within a specific or definite geographical area or a region.However,it can still maintain its operational activities in the domestic country or the country of its origin,which is the main existing market where it operates.
The specific area or region under worldwide area structure can be a particular country or multiple countries where the company or business organization can expand its operational reach.
The company can decentralize its course of conduct and modes of operation by establishing separate departments,subsidiary units and divide or allocate work responsibilities among those respective departments to facilitate the functioning of its overseas business operations.

6 0

4 years ago

A generous benefactor to a local ballet plans to make a one-time endowment that would provide the ballet with $150,000 per year

faltersainse [42]

Answer:

Endowment Must be $3,000,000 Large

Explanation:

The endowment can be calculated using the following formula:

Value= $\frac{Cash\ Flow}{Rate\ of\ Interest}$

In our case:

Given data:

Cash Flow =$150,000 per year

Rate if interest= 5%=0.05

Required:

How large must the endowment be?

Solution:

Endowment= $\frac{Cash\ Flow}{Rate\ of\ Interest}$

$Endowment=\frac{150,000}{0.05}\\ Endowment=\$3,000,000$

Endowment Must be $3,000,000 Large

3 0

3 years ago

On December 21, 2020, Sage Company provided you with the following information regarding its equity investments. December 31, 20

Sindrei [870]

Answer:

(a) Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income $1,610

Cr Fair value adjustment $1,610

(b) During 2021

Dr Cash $10,350

Dr Loss on sale of investment $550

Cr Equity Investment (trading) $10,900

(c) Dec. 31, 2021

Dr Fair value Adjustment $1,100

Cr Unrealized Holding gain or loss - Income $1,100

Explanation:

(a) Preparation of the adjusting journal entry needed on December 31, 2020

Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income $1,610

Cr Fair value adjustment $1,610

(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2021

During 2021

Dr Cash $10,350

Dr Loss on sale of investment $550

($10,900-$10,350)

Cr Equity Investment (trading) $10,900

(c) Preparation of the adjusting journal entry needed on December 31, 2021

Dec. 31, 2021

Dr Fair value Adjustment $1,100

Cr Unrealized Holding gain or loss - Income $1,100

Calculation for Fair value Adjustment

Cost FV Profit Unrealized Gain (Loss)

Clemson Corp. stock $20,400-$19,390 =$1,010

Buffaloes Co. stock $20,400-$20,900=-$500

Total portfolio $40,800 $40,290 ($510)

Previous Fair value adjustment $1,610

Unrealized Holding Gain $1,100

($1,100-$510)

4 0

3 years ago