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Fittoniya [83]
2 years ago
8

Kaye owns an 85% interest in the capital and profits of Amor Antiques, a partnership. In Year 2, Kaye sold an oriental lamp to A

mor for $6,000. Kaye bought this lamp in Year 1 for her personal use at a cost of $2,000 and had used the lamp continuously in her home until the lamp was sold to Amor. Amor purchased the lamp as inventory for sale to customers in the ordinary course of business. What is Kaye’s reportable gain in Year 3 on the sale of the lamp to Amor?
Business
1 answer:
Kamila [148]2 years ago
8 0

Answer:

4000$ ordinary income

Explanation:

If more than 50% of the capital or profits interests is owned, directly or indirectly, by the partner, then the gain upon the sale or exchange of property between them shall be considered as ordinary income.  Kaye owned 85% of the capital and profits interest of the partnership, so her $4,000 ( $6,000 - $2,000) gain is characterized as ordinary income.

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The following data represent the probability distribution of the holding period returns for an investment in Lazy Rapids Kayaks
Brut [27]

Answer:

<u></u>

  • <u>17.5%</u>

Explanation:

The <em>expected return</em> is the weighted average of the expected returns in each scenario by its respective probability.

The <em>distribution of the holding period returns </em>(HPR) under three different scenarios is:

State of the economy    Scenario #(s)     Probability, p(s)    HPR

HPR Boom                         1                            0.336              28.40%

Normal growth                  2                           0.414                7.90%

Recession                          3                           0.25                18.90%

The calculations are:

        E(HPR) = 0.336\times 28.40\%+0.414\times 7.90\%+0.25\times 18.90\%

        E(HPR)=17.5\%

6 0
2 years ago
Consider this information about an activity: es = 12, ef = 18, ls = 14, lf = 20. what is the amount of slack associated with thi
Julli [10]
<span>The slack can easily be explained as the difference between latest start (ls) and earliest start (es) of an activity. As the above example, we can easily now calculate slack as the follow: slack = LS - ES or LF - EF So, the correct answer will be LS - ES = 14 -12 = 2 or LF - EF = 20-18 = 2 So, the slack associated with this activity is 2.</span>
3 0
2 years ago
Read 2 more answers
Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit
arsen [322]

Answer:

1.      1.22

Explanation:

P = Price of money clip

S = Supply of money clip

P1 = 0.75

P2 = 0.90

S1 = 8,000

S2 = 10,000

Mid point Formula = [ ( S2- S1 ) / ( P2- P1 ) ] / [ ( ( S2+ S1 ) / 2) / ( ( P2 + P1 )/2 ) ]

Price Elasticity of Supply =  [ ( 10,000- 8,000 ) / ( 0.90- 0.75 ) ] / [ ( ( 10,000+ 8,000 ) / 2) / ( ( 0.90 + 0.75 )/2 ) ]

Price Elasticity of Supply = (2,000 / 0.15) / (9,000 / 0.825)

Price Elasticity of Supply = 13,333.33 / 10909.09

Price Elasticity of Supply = 1.22

3 0
2 years ago
Thinking back to the "Going on a Business Trip to China" case study below, does Judith demonstrate cultural intelligence? Yes or
djverab [1.8K]

Answer:

Consider the following explanation

Explanation:

I imagine that the social cultural measurement that can clarify this circumstance and how it played out is decisiveness. I imagine that emphaticness was utilized and can help this clarification since confidence is characterized as "managing the level of encounter and straightforwardness that is fitting and beneficial."

Now to China and Bo Chen, this could have come as being commonplace since they have a low-decisiveness culture contrasted with different nations. At the point when Judith calls him "Bo" rather than "Mr. Chen" it can be clarified as an indication of ease and put stock in originating from Judith. Individuals and societies with low confidence frequently utilize delicate and lovely dialect and stress correspondence and utilize agreeable dialect, for example, they did here.

The best social measurement & cultural dimension that best clarifies this circumstance is future introduction (FO). Future introduction is characterized as "includes how much societies will forfeit current needs to accomplish future needs."

For this particular circumstance, the organization Judith works for is seeking after a long haul association with Bo Chen's organization (Shunde Manufacturing Company). In doing as such, she needs to wind up versatile and trusted by Chen's organization, so the toast is an indication of regard despite the fact that her primary objective is to get serious, this a stage in traveling that way.

8 0
2 years ago
It's Saturday night; you are planning to go to a friend's house to hang out. Before you leave, you have a heated argument with y
arlik [135]

Answer:

One reason is speeding in those "heated situations" we tend to go faster than normal trying to escape or forget the problem at hand or putting it behind you

Second reason is driving aggressive when your upset you tend to “take your wrath” out on people who cut you off or don’t use their turn signals or push you

The third reason would be not seeing clearly. Your emotions impact your everyday life so whenever you are in one of those heated situations make sure to calm yourself down first before doing anything.

Explanation:

6 0
2 years ago
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