Sean, Pete, Tom, and Mark formed a partnership to start a water damage restoration business. Each partner has a 25% interest, and all debt and profits are shared equally among the partners. Sean contributed cash of $20,000 and property with a FMV of $130,000, a basis of $80,000, and a mortgage of $50,000. Pete contributed services. Tom contributed cash of $50,000 and property with a FMV of $60,000, a basis of $40,000, and debt of $10,000. Mark contributed cash of $25,000 and property with a FMV of $95,000, a basis of $85,000, and debt of $20,000. All debt was assumed by the partnership. Which partner has a basis in partnership interest of $95,000

Answers

Answer 1

Answer:

Pete

Explanation:

In a partnership ( limited ) as seen in the question, The general partner has an unlimited liability to debt owed by the partnership to its creditors hence he will bear the highest proportion of the basis in partnership interest. which is $95,000

A general partner runs the partnership business by providing services that will keep the partnership going  ( i.e. runs the business on behalf of other limited partners )


Related Questions

Sunland Company is considering the replacement of a piece of equipment with a newer model. The following data has been collected:

Old Equipment New Equipment
Purchase price $312000 $512000
Accumulated depreciation 124800 - 0 -
Annual operating costs 411000 354000

If the old equipment is replaced now, it can be sold for $85000. Both the old equipment’s remaining useful life and the new equipment’s useful life is 5 years. The company uses straight-line depreciation with a zero salvage value for all of its assets.

The net advantage (disadvantage) (net effect on current year net income) of replacing the old equipment with the new equipment is (don’t consider annual operating costs in the computation)
A. $(99000)
B. $124800`
C. $85000
D. $(17400)

Answers

Answer:

D. $17,400

Explanation:

Adam Smith believed that _____________ would lead to the production of items that consumers want.
a
self interest
b
government control of resources
c
lack of competition
d
productivity

Answers

Answer:

a. self interest

Explanation:

Adam Smith was a Scottish political economist, social and moral philosopher, author and he is famously considered to be the father of modern economics. Smith was born on the 5th of June, 1723 in Kirkcaldy, United Kingdom and he died on the 17th of July, 1790 in Panmure House, Edinburgh, United Kingdom.

In his first book titled, "The Theory of Moral Sentiments" which was published in 1776, he proposed the idea of an invisible hand, based on the tendency of free market economy to regulate or self-adjust themselves through demand and supply, competition, and self interest.

Hence, Adam Smith believed that self interest would lead to the production of items that consumers want.

unscramble the message:
1 4M n07 s4D B|_|7 1 4M n07 h499y 317H3r. 1 4M D399R3$$3|)

Answers

Answer:

"I am not sad (b-word) I am not happy either. I am depressed"

Explanation:

Hope this helps?

Ajax Lighting manufactures and sells street and parking lot lights, such as those on the Fayetteville trail system. Ajax has the best LED lighting technology in the industry. It is a significant competitive advantage. There are only two other companies in the nation that make competitive products. Growth in this industry is about 2% a year or less. Ajax can enjoy sustained competitive advantage because they are in a _________ market

Answers

Answer: slow cycle

Explanation:

Based on the information given, Ajax can enjoy sustained competitive advantage because they are in a slow cycle market.

Slow-cycle markets refers to the markets whereby the competitive advantages of a firm are protected from imitation, which is usually for long periods of time and in this scenario, imitation is usually costly. Therefore, in this market, competitive advantages are usually sustainable

In several African countries where the rhinoceros was once a thriving​ species, the animal is now nearly extinct. In most of these​ nations, rhinoceros horns are used as traditional ingredients in certain medicines. Rhinoceros farming has been proposed as an alternative to the imposition of stiff penalties on people who are caught engaging in rhinoceros hunting. The imposition of stiff penaltiesA. reduces the supply of rhino horns.B. makes poaching more lucrative.C. increases the price of rhino horns.D. All of the above are correct.E. B​ & C only are correct.

Answers

Answer:

D. All of the above are correct

Explanation:

In many places, rhinoceros are illegal hunted down and their horns are illegal black market at a very high price. It is believed that the rhino horns have some medicinal value.

In the context, in several South African countries, the government have imposed heavy penalties on people who are caught in hunting of the rhinoceros. Thus this imposing of the penalties will increase the cost of the rhino horn in the black market, it will also makes the poaching business more lucrative as the demand on the horns and the cost of the hunters will be more. Penalties will also effect the supply of the rhino horns as many people will now stop poaching the rhinos. Thus the supply will decrease.

Therefore the correct option is (D).

Briefly describe the involvement of a sport management and marketing agency in client marketing and product endorsement.

Answers

Answer:

The involvement of a marketing agency in the client's sports management and product endorsement is due to the need for an external agency to develop events and marketing campaigns that appeal to the potential audience, so that there is the possibility of marketing sports products with strategic effectiveness and profitability.

What impact did the hard-lockdown have on the perfect markets?​

Answers

Answer:

impacts include they might lose buisness because lock downs made markets close down

they might also lose customers- (everyone is staying home, etc)

hope that helps bby<3

A value chain is a set of: Group of answer choices robotically controlled conveyor belts that deliver product quickly from manufacturing stations to shipping containers. large firms that are vertically integrated. a large number of small firms that dominate a given market. similarly profitable firms competing against each other in any given industry. activities through which a product or service is created and delivered to customers.

Answers

Answer:

activities through which a product or service is created and delivered to customers.

Explanation:

In simple words, A value chain can be understood as the business model that outlines the whole process of creating a product or service. The processes involved in taking a commodity from conception to dissemination, as well as everything in among as sourcing raw materials, production operations and marketing activities—make up a value chain for firms that create things.

A written report that contains just a few pages that sum up the marketing plan's main points is called a

Answers

Answer:

Executive summary

Explanation:

An executive summary can be defined as a written account that gives a summary of the marketing plan. The large document or a research paper for marketing plans, business reports, etc are provided in concised form in an executive summary.

Because an executive summary provides an overview to the large documents, it is the first place that decision makers go to ascertain the actions.

Therefore, an executive summary is the correct answer.

A tax on automobiles imported into the United States that raises prices on imported vehicles to make the price of cars produced in the United States more competitive is a(n) ______; a tax on all oil imported into the United States, which is implemented to raise money for the U.S. government, is a(n)
A. import barrier; income tariff
B. embargo agreement; income tariff
C. quota tariff; revenue tariff
D. revenue tariff; protective tariff
E. protective tariff; revenue tariff

Answers

Answer:

E. protective tariff; revenue tariff

Explanation:

In an international trading, the protective tariff is defined as the tariff that is made to protect the domestic production from the from the foreign competition. This is done by raising the price of the goods that are imported to the United States.

A revenue tariff is defined as the tariff that is imposed on imported goods and is imposed mainly to increase the revenue of the government and not to provide protection to the domestics production or domestic industries.

Thus, in the context, the automobiles which are imported to the US is the protective tariff and the palm oil imported to the US to raise the government revenue is called a the revenue tariff.

what are the importance of doctor​

Answers

Answer:

to help people

Explanation:

Answer:

Doctors are responsible for increased life expectancy and improved well-being in society. People who survive diseases such as cancer usually owe their survival to doctors, whose skills and dedication are vital for their cure.

Explanation:

Please Mark me brainliest

You click on a job and see that you have a “Connection” at that company. Brainstorm 1-2 steps you might want to take with this connection if you are interested in applying. Explain your reasoning.

Answers

Answer:

make a resume and get an application to apply

Explanation:

If any person are the applying, the job as the scene to the connection of the company as the add-on the reference as the on the resume.  

What is job?

The term "job" refers to employment with a certain company. A job is also known as the amount of money that a corporation pays its employees. The employment has provided the opportunity to pursue a career. A job provides financial assistance as well as experience. There are four types of people: producers, builders, thinkers, and improvers.

A person is the need of the job. To search the job are the seen the connection of the company are with the help of the resume to take to apply as the lastly add-on the reference. The reference was the important in the resume to apply for the job are the easily to grab the opportunities.

As a result, a person is to apply for the job.  

Learn more about the job, here:

https://brainly.com/question/17205577

#SPJ2

The following standards for variable manufacturing overhead have been established for a company that makes only one product:Standard hours per unit of output3.5 hoursStandard variable overhead rate$15.20 per hourThe following data pertain to operations for the last month:Actual hours3,800hoursActual total variable manufacturing overhead cost$59,090Actual output800unitsWhat is the variable overhead efficiency variance for the month

Answers

Answer:

Variable overhead efficiency variance= $15,200 unfavorable

Explanation:

Giving the following information:

Standard hours per unit of output 3.5 hours

Standard variable overhead rate $15.20 per hour

Actual hours 3,800hours

Actual total variable manufacturing overhead cost $59,090

Actual output 800units

To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Variable overhead efficiency variance= (3.5*800 - 3,800)*15.2

Variable overhead efficiency variance= $15,200 unfavorable

Even before Michelle could explain why a prospect had not purchased her company's new line of ecofriendly outdoor furniture, her supervisor started explaining how she should have emphasized the fact that the furniture is made through a revolutionary recycling process and that the prices are justified by the furniture's quality and eco-friendly nature. In this scenario, the supervisor provided Michelle with __________ feedback by telling her how she could make better sales presentations.

Answers

Answer:

Informal feedback

Explanation:

In simple words, informal feedback relates to the feedback under which the feedback is not planned by either of the parties involved and the conversation regarding the review just happens occasionally unplanned. I

 Generally, In such feedback there is no exchange of information but one party dictates their view to the other. Hence, from the above we can conclude that the given case is an instance of informal feedback.

Maya got a job transfer from Italy to New York. After working for some time in New York, she started to understand the mental models held by her colleagues from other cultures, as well as their emotional experiences in a given situation. Furthermore, she started to effectively use words and behaviors that were compatible with the local culture of New York. Which of the following features of a global mindset occurred in Maya's life?
A. The capacity to judge the competence of others by their national or ethnic origins.
B. The ability to develop more of a parochial than a global frame of reference about their business.
C. The capacity to empathize and act effectively across cultures.
D. The ability to process complex information about familiar environments.

Answers

Answer:

C. The capacity to empathize and act effectively across cultures.

Explanation:

Since in the question it is mentioned that the use the words and behavior that are compatible with the new york local culture so here the global mindset that arise in her life represent the attribute with related to the capacity for empathizing and it act effectively over and across the culture

so as per the given situation, the option c is correct

Which situation best illustrates the concept if absolute advantage??

Answers

Answer: A German factory that can build more sports cars than foreign factories.

Explanation:

Absolute advantage refers to a scenario whereby a good or service can be produced in higher quantity at same cost by a company when compared to others.

In this situation, the scenario that best illustrates the concept of absolute advantage is a German factory that can build more sports cars than foreign factories.

Gabriela is a geologist working for an oil company. She joined the National Guard and was called to active duty to serve in Afghanistan for a year shortly afterward. The oil company said the job would be there for her upon her return. She served with distinction and upon returning home she contacted her old company. They informed her that the position had been filled and there was no open position for her. If the company does not uphold the USERRA law, Gabriela can call on what organization to fight for her employment rights

Answers

Answer: EEOC: Equal Employment Opportunity Commission

Explanation:

Based on the information given, Gabriela can call on the Equal Employment Opportunity Commission to fight for her employment rights

The U.S. Equal Employment Opportunity Commission is in charge of enforcing the federal laws which make it illegal to discriminate a person against an employee or job seeker because of the religion, race, color, sex of the person.

Nick works with a large team at a social media company. He has proposed and finished several projects which the company implemented. He has a great sense of pride in doing his job. The company has three products currently, and the sales division and marketing division are responsible for increasing product adoption. Nick works in the marketing division and often gets marketing campaign ideas from talking with the customer service division and the salespeople. He enjoys the information communication in the company. Nick works for a company with a:

Answers

Answer:

functional departmentalization structure

Explanation:

In the case of functional departmentalization, an organization should be organized into the department that depend upon the functions that each one performs for an organization.

Since in the given situation, nicks works with the marketing division also he enjoyed the information that communciated in the company so here he works with the functional departmentalization structure for a company

hence, the same should be relevant

Why does ray of light coming through denser medium bend when it
enters into rarer medium?​

Answers

Answer:

this occurs as a result of different refractive index of the two media

Answer:

It actually depends on the angle at which the incident ray hits the boundary face between both mediums

So if the incident ray coming from an angle enters the rarer medium it causes the refracted ray to bend away from the line of the normal

Step-by-step explanation:

I hope it was of help I tried explaining the best I could

Ptarmigan Company produces two products. Product A has a contribution margin of $289.20 and requires 12 machine hours. Product B has a contribution margin of $221.40 and requires 9 machine hours. Determine the most profitable product assuming the machine hours are the constraint. If required, round your answers to two decimal places. Contribution margin per machine hour: Product A $fill in the blank 1 Product B $fill in the blank 2 Product is the most profitable.

Answers

Answer:

Product B

Explanation:

Calculation to determine the Product that is most profitable.

Product A Product B

Contribution margin per unit $289.20 $221.40

÷ Machine hours 12 machine hours 9machine hours

Contribution margin per bottleneck hour 24.1 24.6

(Product A= 289.20/12=24.1)

(Product B =$221.40/9=24.6)

Therefore based on the above calculation PRODUCT B is the most profitable

_____ are companies using an adaptive strategy that seeks to minimize risk and maximize profits by following or imitating the proven successes of companies that seek fast growth by searching for new market opportunities, encouraging risk taking, and being the first to bring innovative new products to market.

Answers

Answer:

Analyzers

Explanation:

In Business management, a strategy can be defined as a set of guiding principles, actions and decisions that an organization combines so as to achieve its business goals, attract customers and possess a competitive advantage over its rivals in the industry.

Typically, to formulate strategies that are well aligned with the mission of an organization or business firm, some of the activities that needs to be performed includes the following;

1. Knowing your core competencies.

2. Assessment of the organization's internal strengths and weaknesses.

3. Examination of the organization's external environment.

4. Analyze your competitors.

Analyzers are companies that uses an adaptive strategy that would help them to minimize (mitigate) risk while maximizing their profits by following or imitating the proven successes of prospective companies that are focused on fast growth and development; through a thorough search for new opportunities in the market, encouraging risk taking and being a pace setter such as being the first to introduce innovative new products to market.

Additionally, the opposite of the analyzers are reactors who do not adopt a consistent adaptive strategy but only react to changes in their external environment such as markets, customers, rivals, etc., after they have occured.

In answer to a radio advertisement, a teenager two months shy of his 18th birthday contracted to buy a late model car from a car dealership. The agreement required a $1500 down payment with the remainder of the $7200 price to be paid in monthly installments to a local finance company. The teenager’s first eight payments were made regularly until his driver's license was suspended. He then informed the company that no further payments would be forthcoming. The finance company sued for the remaining payments. The age of majority in the teenager’s state is 18 years. Would the teenager be liable for the balance of the payments?
A. Yes, because the car dealership was liable on the contract from the outset, notwithstanding the teenager’s minority.
B. Yes, because he kept the car for six months after reaching the age of majority.
C. No, because he was a minor at the time of the contracting, and the contract is voidable by him.
D. No, because he informed the finance company in a timely manner after his driver's license was suspended.

Answers

Answer: B. Yes, because he kept the car for six months after reaching the age of majority.

Explanation:

When the teenager had not reached the age of majority, holding him liable for the contract would have been challenging. The teenager however reached the age of majority he became legally liable for decisions and contracts.

After this age, he had the car for 6 more months which means that he had accepted the contract as an adult. He cannot therefore simply wiggle out of the payment because he signed an enforceable contract.

I need a cute name for an estsy buisness where i sell prints… this is a 10 point question and I give brainliest to whoever comes up with the one I like and I will thank everyone who answers no matter what !!

Answers

Answer:

well i think

- flawless copies

- perfect printing

-rapid copies

- papers brought to life

- plastics and prints

-printsey

hope this helps! <3

If you purchase a straddle on euros, this implies that you: A) finance the purchase of a call option by selling a put option in the euros. B) finance the purchase of a call option by selling a call option in the euros. C) finance the purchase of a put option by selling a put option in the euros. D) finance the purchase of a put option by selling a call option in the euros. E) None of the above.

Answers

Answer:

The correct answer is E) None of the above.

Explanation:

when you purchase a straddle on euros, this means you simultaneously buy a call option and a put option on the same common stock on euros bearing a similar expiration date, and the same place where the security can be bought and sold. What this means is, you tend to make a profit once the common stock makes a sharp move. Normally, call options give investors the liberty to sell stock expecting a rise in price, while a put option gives the investors want to sell their stock because they predict a fall in price. These two option contracts aim at making investors make profits.

Registered Representatives would be liable for damages in the use of material, non-public information in all of the following situations except: (A) The representative decides not to share the information and does not trade based on the information (B) The representative decides not to share the information with others but does make trades in his personal only (C) The representative trades using the information after notifying officers of the firm (D) The representative decides not to trade using the information but shares the information with others who do use the information for trading purposes.

Answers

Answer:  (A) The representative decides not to share the information and does not trade based on the information.

Explanation:

The use of material, non-public information in securities trade is called insider trading and creates an unfair advantage and so is illegal under any circumstances and considered a violation of the Insider and Trading Fraud Enforcement Act of 1988.

A Registered Representative would therefore only be liable for no damages if they never trade on material, non-public information because if they are found to, regardless of the reason, they will incur damages.

Sanchez Foods Inc. is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of _______.

Answers

Answer:

green marketing

Explanation:

From the question we are informed about the Sanchez Foods Inc. which is a large food manufacturing corporation that earns more profits than its competitors. The company uses only organically grown grains and fruits. It also promotes organic farming and helps nonprofit agencies that focus on food and nutrition causes. The company recently decided to use a third-party recycling logo. In this scenario, Sanchez Foods is most likely to have adopted the practice of green marketing.

Green marketing can be regarded as practice of developing as well as advertising products which is been

based on their real as well as their perceived environmental sustainability.

In a case, whereby green marketing activities of a Company are not substantiated from significant investments and doesn't substantiated by operational changes, the company

may be criticized as been using false or misleading advertising.

There are two methods to determine the Golden Rule capital level, looking at steady-state: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices consumption per worker or comparing the marginal product of capital to the saving rate. consumption or comparing the marginal product of capital to the depreciation rate. output per worker or comparing the marginal product of capital to the saving rate. output per worker or comparing the marginal product of capital to the depreciation rate.

Answers

Answer:

consumption or comparing the marginal product of capital to the depreciation rate.

Explanation:

The two methods that measures the capital level of the golden rule is the consumption or it should compared the capital marginal product with the depreciation rate. As the golden rule capital level shows the leval in which the consumption made in the steady rate should be maximized

So for this the above option should be considered

Therefore the other options are wrong

PLEASE HELP IM ON PLATO BTW GET IT RIGHT CUH

Answers

Answer:

✔️Demand Pull Inflation:

1. Too much money chasing too few goods

2. Stiff competition among consumers

✔️Cash Pull Inflation:

1. Increase in cost of production

2. Decrease in supply of goods and services

3. Aim of sellers is to maximize profit

Explanation:

Demand pull inflation is often caused by the increase in the aggregate demand of outputs than an economy can produce as a result of increased government spending, expanding economy and so on.

On the other hand, cash pull inflation is caused by the decrease in aggregate supply of goods and supply as result of increased cost of the factors of production.

Thus, let's match each description to the types of inflation they belong to:

✔️Demand Pull Inflation:

1. Too much money chasing too few goods (excess demand as a result of expanding economy)

2. Stiff competition among consumers (businesses, households, governments and foreign buyers bid prices up and compete to purchase the limited available goods and services)

✔️Cash Pull Inflation:

1. Increase in cost of production (this pushes the cost of goods and services up)

2. Decrease in supply of goods and services (aggregate supply decreases)

3. Aim of sellers is to maximize profit (as production cost increase, sellers would have to increase the price of goods and services in order not to run at a loss).

Assume you are analyzing the market opportunity of a distance learning company, Learnmore, that creates education courses delivered over the Internet for the Fortune 1000 corporate market. Assume that the overall size of the distance learning market is $25 billion. The overall market can be broken down into three major market segments: Corporate, College, and Elementary/High School, each of which accounts for a third of the market. Within the Corporate market, there are two market niches: Fortune 1000, which accounts for 60% of the market, and all others, which together account for 40% of the market. What is Learnmore's realistic market opportunity, approximately

Answers

Answer:

The answer is "$8.33billion".

Explanation:

Since 25 billboards are separated into three sections, one portion of which is corporate and one part is fortune 1000 and equal to 8.33 billion dollars incorporate.

1/3 of the $25billion = $8.33 billion.

what is the impact of Corona virus as one of the socio economic issues on businesses​

Answers

Answer:

The CO.VID-19 pandemic produced a wide variety of types of effects worldwide, especially from spring 2020. Many people got sick and died from CO.VID-19. The fear that they themselves or people for whom they feel responsible would share this fate seized the population, scientists and politicians worldwide. There was a need for action from the development of the number of newly infected and deceased, from the economic crisis 2020/21, from a problematic development of social structures, from psychological stress on the Individuals and from further effects. In addition to concerns about people's lives and health and the resilience of the economy, there was also concern that the population could be deprived of basic rights for longer than justified by the pandemic.

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