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bija089 [108]
2 years ago
10

Sweeney originally contributed $175,000 in cash for a one-fourth interest in the Gilbert LLC. During the several years that Swee

ney was a member of the LLC, his share of the LLC's income was $90,000 and he withdrew $75,000 cash. The LLC's liabilities are $80,000, of which Sweeney's share is $20,000. Sweeney sells his LLC interest to Jana for $225,000 cash, with Jana assuming Sweeney’s share of the LLC’s liabilities.
How much is Sweeney’s gain on the sale, and how much is Jana’s adjusted basis for her LLC interest?
Business
1 answer:
aev [14]2 years ago
8 0

Answer:

Sweeny’s gain on sale is a 125,000 and it is a capital gain.

Jana’s adjusted basis is 225,000 for her LLC Interest.

Explanation:

Hope that helps :)

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If alan is risk-averse, then he will always
frutty [35]
I think the most appropriate answer would be D. Because it has a 50 percent chance of winning $X and a 50 percent chance of losing $Y.



I hope it helped you!
8 0
2 years ago
The following information is available for Bradshaw Corporation and Newell Corporation:Bradshaw CorporationNewell Corporation(in
Lera25 [3.4K]

Answer:

D)$1.32

Explanation:

For computing the earning per share, we need to apply the formula which is shown below:

= (Net income - preference dividend) ÷ (average of outstanding shares)

where,

Average of outstanding shares = (Beginning balance of outstanding shares + ending balance of outstanding shares) ÷ 2

The other items value will remain the same  

Now put these values to the above formula  

So, the value would equal to

= ($500,480 - 251,003) ÷ {(200,180 shares +180,150 shares ) ÷ 2}

=  $249477 ÷ 190165 shares

= $1.32

8 0
2 years ago
Orlando Boom has been offered an internship at a local animal shelter for six weeks during the summer, four hours each week day.
Cerrena [4.2K]

Answer:

<u>False</u>

Explanation:

<em>There is no such thing</em> as community engagement graduation requirements. However there is internship as a requirement for college graduation.

Therefore , Orlando can use this internship to only fulfill his internship graduation requirements having learnt practical knowledge from the animal shelter for six weeks.

5 0
2 years ago
Read 2 more answers
Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: L
g100num [7]

Answer:

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000

c) Reduce GDP

Explanation:

Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.

Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods

c)

If the lumber were imported it would be deducted from the value of export and thus reduce GDP.  Remember that GDP is the market value of all good and service produced within a given country over certain period of time .

3 0
2 years ago
Read 2 more answers
Abby and jason are building a new house. they obtained a construction loan of $100,000, which will be rolled over into a convent
ivann1987 [24]

Answer:

the initial principal balance is $100,000, but it will gain 2% simple monthly interest during 16 months = $100,000 + ($100,000 x 2% x 16) = $132,000

the mortgage loan's principal = $132,000

APR = 12%

n = 30 years or 360 monthly payments

1) using a loan calculator we can determine that the monthly mortgage payment (only  principal + interest) = $1,357.77

2) since they will make 360 monthly payments, they will pay in total = $1,357.77 x 360 = $488,796.71

in total they will pay $$356,796.71  in interest

3 0
2 years ago
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