Daniela is a 25% partner in the JRD Partnership. On January 1, JRD makes a proportionate distribution of $16,000 cash, inventory with a $16,000 fair value (inside basis $8,000), and accounts receivable with a fair value of $8,000 (inside basis of $12,000) to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD partnership interest is $20,000. What is Daniela's basis in the distributed inventory and accounts receivable?

Answers

Answer 1
Answer:

Answer: The answer is as follows:

Explanation:

Given that,

Cash = $16,000

Inventory = $16,000 fair value (inside basis $8,000)

Accounts receivable with a fair value = $8,000 (inside basis of $12,000) to Daniela

Daniela's basis = $20,000

JRD basis = cash + inventory + accounts receivables

                = 16,000 +  2,000 + 2,000

                =$20,000

Out of $20,000,

Pending amount for inventory and accounts receivable allocation:

= JRD basis - Cash basis

= $20,000 - $16,000

= $4,000

This pending amount is allocated equally among the inventory and accounts receivable i.e, $2,000 is allocated to inventory and $2,000 is allocated to accounts receivable.

Answer 2
Answer:

Final answer:

Daniela's basis in the distributed inventory is $2,000, and her basis in the accounts receivable is $3,000.

Explanation:

Daniela's basis in the distributed inventory and accounts receivable can be calculated using the proportionate distribution method. To determine the basis in the distributed inventory, we calculate the inside basis of $8,000 multiplied by Daniela's partnership interest of 25%, which equals $2,000. As for the accounts receivable, we calculate the inside basis of $12,000 multiplied by Daniela's partnership interest of 25%, which equals $3,000.

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Perfect Fit Company sells men's shirts and jeans. The average selling price and variable cost for each product follow: Selling price per shirt $22 Selling price per jean $27 Variable cost per shirt $14 Variable cost per jean $19 Fixed costs $3,200 Calculate the breakeven point in units assuming the sales mix is 1:1.

Answers

Answer:

Jeans= 200 units

Shirt= 200 units

Explanation:

To calculate the break-even point in units, we need to use the following formula:

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= (weighted average selling price - weighted average unitary variable cost)

Weighted average contribution margin= (22*0.5 + 27*0.5) - (14*0.5 + 19*0.5)

Weighted average contribution margin= 8

Break-even point (units)= 3,200/8

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Communication may account for as much as ____ of a hiring decision.a. 25%
b. 40%
C. 65%
d. 80%

and it’s not 80% because i chose that and i got it wrong

Answers

Communication may account for as much as 25% of a hiring decision. Thus, the correct option is A.

What is Communication?

The transfer of information is the standard definition of communication. The phrase can either be used to describe the message itself or the area of research known as communication studies that focuses on these transmissions.

There are some differences of opinion regarding the exact definition of communication, such as whether inadvertent or unsuccessful transmissions are included included and if communication creates meaning in addition to transmitting it.

Communication models seek to give a concise overview of its key elements and how they work together. Many models incorporate the notion that a source use a coding scheme to convey information as a message.

The message is transmitted from the source to the receiver via a channel, who must decode it to comprehend what it means. The contrast between verbal and non-verbal communication is significant for human communication.

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Answer:

40

Explanation:

The research and development division of Anchor Inc., a manufacturing firm, has a sizeable number of engineers for its employees. The buying decisions related to the equipment to be used in the research and development of new technologies is primarily made by the engineers. Based on these traits, which of the following organization-specific factors is most relevant in the division's purchasing process? a. Monopolization
b. Segmentation
c. Orientation
d. Centralization

Answers

Answer:

The correct answer is letter "C": Orientation.

Explanation:

The primary organization-specific factors are orientation, size of the organization, and degree of centralization. Orientation refers to the function of a company that controls the decisions in regards to purchases. The size of the organization implies decision making will be more centralized in larger firms while more decentralized in smaller firms. Finally, the degree of centralization states that even in highly autonomous corporations, some purchases might be subject to the approval of a manager who confirms the need for the assets being acquired.

Because in Anchor Inc. the purchase decisions are made by engineers the orientation organization-specific factor is more relevant in that company.

Compute the cost assigned to ending inventory using (a) FIFO, (b) LIFO, (c) weighted average, and (d) specific identification. For specific identification, the October 9 sale consisted of 55 units from beginning inventory and 185 units from the October 5 purchase; the October 29 sale consisted of 35 units from the October 18 purchase and 75 units from the October 25 purchase. (Round your average cost per unit to 2 decimal places.)

Answers

Answer:

Ending inventory:

(a) specific identification = $5,885

(b) weighted average = $5,960

(c) FIFO = $5,750

(d) LIFO = $5,845

Explanation:

Date        Activity                 Units       Cost        Total

Oct. 1       Beg. inventory     155          $14          $2,170

Oct. 5      Purchase              180         $13.50     $2,430  

Oct. 9      Sales                     240

Oct. 18     Purchase              140         $13          $1,820

Oct. 29    Sales                     110

Oct. 25    Purchase              330        $12.50     $4,125

total         Purchases            805        $13.10      $10,545                              

Cost of goods sold:

(a) specific identification = [(55 x $14) + (185 x $13,50)] + [(35 x $13) + (75 x $12.50)] = $4,660

(b) weighted average = $13.10 x 350 units = $4,585

(c) FIFO = (155 x $14) + (85 x $13.50) + (95 x $13.50) + (15 x $13) = $4,795

(d) LIFO = (180 x $13.50) + (60 x $14) + (110 x $13) = $4,700

Ending inventory:

(a) specific identification = $10,545 - $4,660 = $5,885

(b) weighted average = $10,545 - $4,585 = $5,960

(c) FIFO = $10,545 - $4,795 = $5,750

(d) LIFO = $10,545 - $4,700 = $5,845

On May 1, 2016, Varga Tech Services signed a $6,000 consulting contract with Shaffer Holdings. The contract requires Varga to provide computer technology support services whenever requested over the period from May 1, 2016, to April 30, 2017, with Shaffer paying the entire $6,000 on May 1, 2016.How much revenue should Varga recognize in 2016? (Do not round intermediate calculation.)

Answers

Answer:

Varga should recognize $4,000 as revenue in 2016.

Explanation:

As the cash received in advance is recorded as unearned revenue which is a liability for the Varga Tech Services because they did not provide the services yet. On  December 31,  Eight months have passed and services for these month has been provided. So the revenue of 8 month months of 2016 will be recognized and recorded at year end.

Serive Contract = $6,000 for 12 months

Revenue Recognized in 2016 = $6,000 x 8/12 = $4,000

Treynor Pie Company is a food company specializing in high-calorie snack foods. It is seeking to diversify its food business and lower its risks. It is examining three companies—a gourmet restaurant chain, a baby food company, and a nutritional products firm. Each of these companies can be bought at the same multiple of earnings. The following represents information about all the companies. Company Correlation with Treynor Pie Company Sales ($ millions) Expected Earnings ($ millions) Standard Deviation in Earnings ($ millions) Treynor PieCompany + 1.0 $ 170 $ 8 $ 2.0 Gourmet restaurant + .4 64 8 1.3 Baby food company + .4 53 5 1.8 Nutritionalproducts company − .7 71 6 3.6 a-1. Compute the coefficient of variation for each of the four companies

Answers

Answer:

The coefficient of variation for each of the four companies is:

- Treynor Pie Company = 0.25  (2/8)

- Gourmet restaurant = 0.16  (1.3/8)

- Baby food Company = 0.36  (1.8/5)

- Nutritional products Company = 0.16 (1/6)

Explanation:

In finance, the coefficient of variation is a statistical measure that represents the ratio of the standard deviation and the mean of a data series related to the return on investment. It allows investors to determine how much volatility, or risk, is assumed in comparison to the amount of return expected from investments. The lower the ratio of the standard deviation to mean return, the better risk-return trade-off.

Formula:  CV=σ/μ

Where:  

σ = standard deviation

μ = mean

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