answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
son4ous [18]
2 years ago
13

DIP LLC reports ordinary income (before guaranteed payments) of $120,000, rent expense of $40,000, and interest income of $4,000

for the year. In addition, DIP paid guaranteed payments to partner Percy of $20,000. If Percy owns a 40% capital and profits interest, how much income will he report for the year and what is its character?
Business
1 answer:
ahrayia [7]2 years ago
7 0

Answer:

$24,000 ordinary income

$1,600 interest income

$20,000 guaranteed payment.

Explanation:

Calculation for what how much income will Percy report for the year and what is its character

Calculation for Percy Ordinary income: 120,000 - 40,000 - 20,000

= 60,000 x 40%

= 24,000.

Calculation for Percy Interest income:

4,000 x 40%

= 1,600

Guaranteed Payment: 20,000

Therefore what Percy will report will be: $24,000 ordinary income

$1,600 interest income

$20,000 guaranteed payment.

You might be interested in
Which career would organize, train, and support teachers and educational workers to help them provide better instruction? O dist
asambeis [7]

Answer:

C

Explanation:

8 0
1 year ago
Read 2 more answers
All new employees at Madison Lane Manufacturing are specifically trained to use the most efficient production methods. After ext
Vilka [71]

Answer: Madison lane

Explanation:

6 0
2 years ago
Protec Company, whose target capital structure is 40% debt, 15% preferred, and 45% common equity. The after-tax cost of debt is
taurus [48]

Answer:

The correct answer is 8.23%.

Explanation:

According to the scenario, the computation can be done as:

WACC of debt = Respective costs of debt× Respective weight of debt

= (0.4 × 5)

= 2

WACC of preferred = Respective costs of preferred × Respective weight of preferred

= (0.15 × 7)

= 1.05

WACC of common equity = Respective costs of common equity × Respective weight of retained earning

= (0.45 × 11.5)

= 5.175

So, Total WACC = WACC of debt + WACC of preferred + WACC of common equity

= 2 + 1.05 + 5.175

= 8.225 or 8.23 (approx.)

3 0
2 years ago
Glenn is the R&D manager with Quick Print Inc. The company is having a problem with one of its most popular copiers jamming.
Arlecino [84]

Answer:

The correct answer is (C) Diagnosis.

Explanation:

The marketing plan is the starting point to successfully implement the business strategies of any business. It is a written document that must contain the objectives, strategies and actions to be performed. It must be developed both strategically and tactically; that is, you must consider the conditions surrounding the business and the details of the execution of the plan.

Within the strategic level, there is the diagnosis. This step is fundamental, as it provides the foundation for the development of a good marketing plan. The diagnosis allows to gather crucial information regarding the initial situation of the business and the market, with which it is possible to anticipate the threats or opportunities provided by external factors.

5 0
2 years ago
You are the manager in charge of setting the strategy for a new frozen yogurt company. Which of the following questions would be
AfilCa [17]

Answer:

B) How have consumer preferences in frozen yogurt flavors changed in the last five years

Explanation:

During the analysis phase of the AFI strategy framework we need to evaluate that how have consumer preferences in frozen yogurt flavors changed in the last five years. Since we know that AFI framework analysis we seek the planning analysis, formulating and implementation. Companies always go back to reassess their strategy based on changes in the environment.

7 0
2 years ago
Other questions:
  • A white man places a rental property he owns on craigslist to rent it out for the next year. he receives two very promising appl
    6·2 answers
  • Rules of thumb rarely if ever lead to severe errors in the decision making process.a. Trueb. False
    6·1 answer
  • A customer, age 51, has a 20 year investment time horizon, a moderate risk tolerance, and is looking for investments that provid
    12·1 answer
  • A vehicle pulls out onto a single-lane highway that has a flow rate of 300 veh/h (Poisson distributed). The driver of the vehicl
    15·1 answer
  • On July 15, 2021, Ortiz & Co. signed a contract to provide EverFresh Bakery with an ingredient-weighing system for a price o
    12·1 answer
  • Nathan works as an accountant for a mid-sized retail store. He has just completed a trial balance that resulted in no unexpected
    14·1 answer
  • Beauty Island Corporation began operations on April 1 by issuing 60,000 shares of $5 par value common stock for cash at $13 per
    9·1 answer
  • On June 1, Norma Company signed a 12-month lease for warehouse space. The lease requires monthly rent of $550, with 4 months pai
    12·1 answer
  • Assume that you are 30 years old today, and that you are planning on retirement at age 65. You expect your salary to be $42,000
    10·1 answer
  • On October 1, 2018, Jay Pryor established an interior decorating business, Pioneer Designs. During the month, Jay completed the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!