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alekssr [168]
2 years ago
4

Assume that at the end of 2020, Clampett, Incorporated (an S corporation) distributes property (fair market value of $40,000, ba

sis of $5,000) to each of its four equal shareholders (aggregate distribution of $160,000). At the time of the distribution, Clampett, Incorporated, has no corporate earnings and profits and J.D. has a basis of $50,000 in his Clampett, Incorporated, stock. What is J.D.'s stock basis after the distribution
Business
1 answer:
marissa [1.9K]2 years ago
3 0

Answer:

$45,000

Explanation:

Calculation to determine J.D.'s stock basis after the distribution

Using this formula

J.D.'s stock basis=Original basis+distributive share of the gain on the distribution -Distribution

Let plug in the formula

J.D.'s stock basis=$50,000+($40,000-$5,000)-$40,000

J.D.'s stock basis= $50,000 + $35,000 − $40,000

J.D.'s stock basis= $45,000

Therefore J.D.'s stock basis after the distribution

is $45,000

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0.55 million  

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Mathematically,

Cost Incurred on creating new product for new customer = $2.75m * 20%

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2 years ago
A robot manufacturing company in Southeast Asia undertakes a government project to produce multi-utility robots. It requires a s
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2 years ago
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Seth owns a local business that provides email updates on surf conditions. He is the only supplier of these email updates in San
klasskru [66]

Answer:

Seth's total profits is $1,535.359

Explanation:

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Since Seth sets different uniform prices in two markets to maximizes his profit therefore ,

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74 - 2q = 0  

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q=37

p = 74 - 37 = 37

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Inverse demand finction Goleta is

p = 39 - 4q

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This is a negative situation for the company, which is a set of systems that must operate in favor of the same objectives and goals. in order to listen to all the parties involved, and then start from a principle where everyone feels heard and integrated in the development of organizational goals, creating an environment of trust and positive relationship in the company.

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