Sutton is a partner of RST Partnership. RST distributed $3,000 cash and a building with an adjusted basis of $10,000 and a fair market value of $50,000 to Sutton. Before the distributions, Sutton's basis in the partnership was $90,000. What amount of these distributions is taxable to Sutton in the current year

Answers

Answer 1

Based on the basis of the distributions and Sutton's basis in the partnership, the amount of taxable distributions to Sutton is $0.

How much of the distributions can be taxed?

The distributions can only be taxed if they exceed Sutton's basis in the partnership of $90,000.

As neither the cash distribution nor the building, have enough to surpass Sutton's basis, the taxable distributions will be $0.

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Related Questions

You are mailing invitations to new medicare beneficiaries for a marketing event. You want an idea of how many people to expect, so you would like to request rsvps. What should you keep in mind?.

Answers

If you want an idea of how many people to expect, so you would like to request rsvps. What you should you keep in mind is:  You can request  for RSVPs, but you are not permitted to require contact information.

What is Medicare?

Medicare can be defined as a medical coverage that help to cover medical expenses of the people under the plan.

Hence, Based on the scenario what should have he mind if you want to have a clue of the number of people to expect is that you can request for RSVP but you cannot  obtain the contact details.

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Kendall is in a convenience store considering which soda to buy. She recalls a commercial for Pepsi she saw on TV last night. Pepsi is running a promotion where you look under the bottle cap, and one in five bottles has a voucher for a free soda. If Kendall decides to purchase a Pepsi based on this promotion, which is framed in terms of _____, she will use a _____ strategy. Group of answer choices gains; risk-taking losses; risk-aversion losses; risk-taking gains; risk-aversion

Answers

The answer should be 3 bottles

In the nation of Hamsterville most goods, services, and resources are allocated in markets. However, some goods are provided by the government, such as healthcare and education.What kind of economic system does Hamsterville have

Answers

On the hamster farm, They are operating under a market economy, where resources, goods, and services are distributed through markets.

What is an economic system?

A society's or a specific geographic area's system of production, resource allocation, and distribution of products and services are known as an economic system or economic order.

In a market economy, private individuals rather than the government own the resources. The majority of products, services, and resources are distributed in marketplaces in the country of Hamsterville. But the government does supply some things, like healthcare and education.

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Per capita GDP is Group of answer choices A dollar measure of the economic growth rate of a country. The value of the factors of production used to produce output in a country. The sum of consumer goods, investment goods, government services, and net exports. None of the Answers are Correct. GDP divided by total population.

Answers

Per capita GDP is GDP divided by total population.

What is a Per capita GDP?

This refers to an economic tool that measures the total output of a country by taking a gross domestic product and divides it by number of people.

Hence, the Per capita GDP is derived by calculating the GDP divided by total population.

Therefore, the Option E is correct.

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The depreciation method that does not initially use the residual value in depreciation calculations is the:.

Answers

The Double Declining Depreciation Method is the method of depreciation that does not initially factor in the residual value when calculating depreciation.

What is the Definition of Depreciation?

Depreciation is the phrase used to describe the decline in asset value. Due to usage, deterioration, or obsolescence, an asset decreases value over time.

The unit of measurement for this drop is depreciation. A reduction in asset value, or depreciation, can be caused by a number of other factors, such as unfavorable market conditions, etc.

Double declining depreciation method refers to the depreciation process that involved a twofold decline in asset value.

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Consider an economy with only two goods: bread and wine. In 2000, the typical family bought 4 loaves of bread at 50 cents per loaf and 2 bottles of wine for 9 dollars per bottle. In 2015, bread cost 75 cents per loaf and wine cost 10 dollars per bottle. The CPI for 2015 ( using 2000 as base year) is a) 100 b) 115 c) 126 d) 130

Answers

Based on the cost of bread and wine in those two years, the CPI for 2015 can be calculated to be B. 115.

What is the CPI in 2015?

Find the total cost of goods in 2000:

= (4 x 50 cents) + (2 x 9)

= $20

Total cost in 2015:

= (4 x 75 cents) + (2 x 10)

= $23

The CPI in 2015 is:

= 23 / 20 x 100

= 115

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when connecting securely to a website, what information must be in their digital certificate?

Answers

When connecting securely to a website, the information that must be in their digital certificate is:

The websites Domain name

Why is the Domain name important?

The domain name is important because it verifies the ownership of the website. This will be a form of authentication that prevents intrusion by unwanted elements.

So to ensure a safe connection, the domain name must be ascertained.

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What are the human behaviors economists should observe when creating economic models?.

Answers

The human behaviors that economists look for when creating economic models are boundless rationality, boundless willpower, and boundless selfishness.

What is the relationship between human behavior and the economy?

Economists analyze the motivation of individuals to make consumption decisions, identifying, for example, their needs and desires based on the costs and benefits of the goods and services available in the economy.

Therefore, human behavior is capable of influencing the economy by instituting economic decision-making.

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Little LampLighter Inc has a book value of $10 million in debt; its bonds are trading at $900 and there are 11,000 outstanding. It also has a market value of equity of $25 million. Shareholders require a 14% return on their shares and creditors require an 8% before-tax return on their investment. The weighted average return required by investors in Spock Enterprises is Blank______%.

Answers

Based on the amount of debt and equity that Little LampLighter has, the weighted average rate of return would be 12.3%.

What is the weighted average rate of return?

First find the total value of debt and equity:
= 10 + 25

= $35 million

The weighted average return is:

= (10 / 35 x 8%) + (25 / 35 x 14%)

= 2.286% + 10%

= 12.3%

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The monetary arrangements made at bretton woods resulted in what type of exchange rates assigned to member nations’ currencies?

Answers

The monetary arrangements made at bretton woods resulted in  fixed  exchange rates assigned to member nations’ currencies.

What is fixed exchange rate?

Fixed exchange rate can be defined as the way in which  currency does not varies but it is fixed.

When an exchange rate is fixed this means that the currency of a nation or country  is fixed to another country currency and does not fluctuate or vary.

Therefore the monetary arrangements made at bretton woods resulted in  fixed  exchange rates assigned to member nations’ currencies.

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QUESTION 1/10
A loss is when:
Ce
A. Revenue is greater than expenses.
C. Revenue is equal to expenses.
B. Revenue is less than expenses.
D. None of the above.

Answers

Answer:

B. Revenue is less than expenses

Explanation:

Business loss is a condition that arises when a business fails to earn enough income to pay all of its operating expenditures. A business loss might result from routine business operations or from an unusual occurrence that disrupts business operations. A business loss is recorded in an income statement by auditors. A typical operational loss occurs when a corporation loses more money than it earns within a certain time.

An example of how companies can revamp their value chain to reduce costs is to a. have suppliers locate their plants close to companies' own facilities. b. continue to utilize traditional methods of distribution and sales. c. not make any changes in product manufacturing but change end distribution methods. d. increase extra services to increase staffing requirements. e. facilitate the learning curve by providing superior training to new employees.

Answers

An example of how companies can revamp their value chain to reduce costs is to A. have suppliers locate their plants close to companies' own facilities

What is a Value Chain?

This refers to the various processes where a company adds value to its products which include marketing, production, etc.

Hence, we can see that in production, a company can try and reduce costs when they make a revamp their value chain and this can be done by putting the supplier's plants very close to the companies' own facilities.

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Which type of policy determines benefits based on a relative value scale?

Answers

The type of policy determines benefits based on a relative value scale is known as Hospital indemnity.

What is  Hospital indemnity?

Hospital indemnity insurance is known to be a kind of supplemental coverage that is said to often aid a person's health insurance with financial protection.

Therefore, note that The type of policy determines benefits based on a relative value scale is known as Hospital indemnity.

See options below

A. Hospital indemnity

B Major medical

C Dental expense

D Basic surgical expense

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Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be ______ than they would otherwise be. This results in consumers buying ______ output.Multiple choice question.

Answers

Barriers to trade reduce the amount of output that can be supplied by foreign companies and, as a result, cause prices in the market to be higher than they would otherwise be. This results in consumers buying less

What are barriers to trade?

Barriers to trade refers as certain hurdles which restrict an individual or organisation to practice trade activity effectively. These barriers can be regulatory barriers, physical barriers and so on.

These trade barriers are launched to support small-scale business and introducing jobs in the industries to prevent unemployment.

These trade barriers results in high prices in the market due to reduce amount output supplied by foreign companies. This will result in less buying behaviour by consumer.

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Money is a. the most liquid asset and a perfect store of value. b. the most liquid asset but an imperfect store of value. c. not the most liquid asset but a perfect store of value. d. neither the most liquid asset and nor a perfect store of value.

Answers

Although it is the most liquid asset, money is a flawed store of value. M1 is recognized as the measure of the money supply that is the most precisely specified.

What is term money?

Money is a good that is widely acknowledged as a means of economic exchange.

Because of inflation, money is actually an imperfect store of value. A monetary system where gold or silver, for example, is used as the actual medium of exchange. A form of money where paper money is backed by gold.

As a result, option (b) is correct.

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Marlene has been living in her $120,000 home for 31 years. Because she has paid off the mortgage, she decides to save some money on her monthly insurance premiums by reducing her homeowners coverage to $40,000. After a severe hailstorm totals her roof, her adjuster estimates the damage at $12,000. Assuming the insurer imposes the standard coinsurance penalty, and ignoring the deductible, how much will Marlene receive in the settlement

Answers

Marlene will receive $5,000 in the insurance settlement.

What is an insurance settlement?

An insurance settlement is an indemnity or compensation that the insurance company pays to the insured to settle an insurance claim according to the insurance policy guidelines.

Data and Calculations:

Property value = $120,000

Homeowner's coverage = $40,000

Estimated damage = $12,000

Standard coinsurance requirement threshold = 80%

Expected insurance coverage = $96,000 (120,000 x 80%)

Co-insurance penalty = 41.67% ($40,000 / $96,000 x 100)

Indemnity  = $5,000 ($12,000 x 41.67%)

Thus, Marlene will receive $5,000 in the insurance settlement.

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brian is struggling with the choice of publishing his new book, how to cook polish barbeque, as an e-book or a paperback. brian is addressing which core marketing aspect?

Answers

The core marketing aspect that Brian is addressing is c. Making product decisions

What is Marketing?

This refers to the creation of awareness for a particular product or service to the general public and engaging in several acts to make the product more attractive.

Hence, we can see that based on the given scenario for Brian who is struggling with publishing his book and wants to make a selection, the core marketing aspect that Brian is addressing is c. Making product decisions

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Question 9 of 12
Households play a role in the circular flow of goods by:
A. selling goods that companies produce.
B. providing natural resources to businesses.
C. designing and producing new goods.
D. purchasing goods at product markets.

Answers

Answer:

la A

Explanation:

Households are a important component in the circular flow of goods. They consume goods that companies produce. Hence, the correct answer is option A.

What is circular flow of goods?

Money is utilized in the economy's circular movement to buy products and services. Money moves in the opposite direction from goods and services throughout the economy. Land, labor, capital, and entrepreneurship are all production elements.

The concept, also known as the circular flow of revenue, because it keeps the record of  monetary flows between the sectors in to determine a nation's national income or GDP.

In the two-factor circular flow model, consumer spending moves money from homes to companies in return for the goods and services those businesses generate, and then company labor moves money back to households.

Therefore, in the circular flow of goods household buys goods that companies produce.

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James has $1500 to open a checking account. He can maintain a monthly balance of at least $1000. He plans to use the ATM four times per month at his local branch. He does not overdraft his account and plans to use direct deposit. He also plans to pay his bills online and he averages 8 bills per month. Bank Account Terms and Conditions James wants an account with the lowest fees. Which checking account would be best for James

Answers

Based on James's preferences and the conditions offered by the banks, the best checking account for James would be Account A.

Which account should James pick?

James would be able to use the ATM as many times as he wants with Account A as they have no ATM fees.

He wouldn't have to pay annual fees, online billing fees, and monthly fees because he is using direct debit. There will also be no overdraft fees as he doesn't overdraft his account. Account A is therefore best.

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If the Fed responds to a negative real shock by increasing the money supply, the rate of inflation will be: Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices higher than if the negative real shock had not occurred. higher than if the Fed did nothing. lower than if the negative real shock had not occurred. lower than if the Fed did nothing.

Answers

If the Fed responds to a negative real shock by increasing the money supply, the rate of inflation will be B. higher than if the Fed did nothing.

What is the Fed's response to a negative real shock?

There are two ways the Fed can respond to a negative real shock in exercising its discretionary policy powers.

The Fed can choose to decrease the money supply and reduce aggregate demand, which reduces inflation and economic growth.

Alternatively, the Fed can increase the money supply, thereby increasing real growth and aggregate demand.

Thus, if the Fed responds to a negative real shock by increasing the money supply, the rate of inflation will be B. higher than if the Fed did nothing.

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suppose you borrow $300 for one year and pay a finance charge of $20. if you repay this loan all at once after one year, what is your average balance?

Answers

Based on the amount you borrowed and the amount you repaid, the average balance is $300.

What is the loan average balance?

This can be found by:

= (Loan balance in first period + Loan balance in last period) / 2

As you paid back the loan all at once, the loan balance in the last period must have still been $300.

Average is:

= (300 + 300) / 2

= $300

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A forecast that addresses the business cycle by predicting planning indicators is.

Answers

An economic forecast is a forecast that considers the business cycle by foreseeing planning indicators. a projection of the economy.

What do you mean by business forecasting?

A projection of an industry's or firm's future developments made using historical and current data trends and patterns is known as business forecasting.

Types of forecasting :

Economic, the labor market, and company sales expansion

expectations are the three categories.

Thus,

The technique of forecasting the state of the economy using a variety of frequently used indicators is known as economic forecasting.

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When managers are analyzing the corporate controllable variables, the three key questions they must address about their business include:

Answers

When managers are analyzing the corporate controllable variables, the three key questions they must address about their business include:

Company's target customers?What value does the company want to deliver to these customers?How will the customer value be created?

What are Corporate Controllable Variables?

Corporate controllable variables are factors such as place, price, promotion, and product that the business managers can control to achieve their aim.

For managers to successfully control these variables, they must know who the company's target audience is. They should also know what value they hope to give and the best way they will achieve the same.

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Gilroy, a calendar-year taxpayer, is a long-time partner in the firm of Adam and Company, which has a fiscal year ending June 30. The partnership agreement provides for Gilroy to receive 25% of the ordinary business income of the partnership. Gilroy also receives a guaranteed payment of $1,000 monthly, which is deductible by the partnership. The partnership reported ordinary business income of $88,000 for the year ended June 30, 2021, and $132,000 for the year ended June 30, 2022. How much should Gilroy report on his 2021 return as total income from the partnership

Answers

The answer is 123456 because yea

When the quantity demanded has increased at every price, it might be because:

Answers

When the quantity demanded has increased at every price, it might be because the price of a complementary good has decreased.

What are complementary goods?

This are goods that are mostly bought together.

The use of one is dependent of the other such that the consumer have to buy the two.

When the price of one is decreasingly it will complement for the increase in the other products.

Therefore, When the quantity demanded has increased at every price, it might be because the price of a complementary good has decreased.

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You own land worth $44,000 and your building has a replacement cost of $160,000. What would be the value of the property if the appraiser used depreciation of 30 percent

Answers

The value of the property after the depreciation of 30% is $156,000.

What is depreciation?

An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.

Calculation for the value of property after depreciation:

The added value of the land is $44,000.

The replacement cost of the building is $160,000.

There is a depreciation of 30% of $160,000.

(30×160,000)/100 = 48,000

$160,000 replaced cost - depreciation of $48,000 = $112,000.

The total cost  = $112,000 + $44,000

                       = $156,000

Therefore, the total value of the property after 30% depreciation is $156,000.

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Green Thumb Nursery has 38,000 shares outstanding at a market price of $63.27 per share. The earnings per share are $3.27. The firm has total assets of $332,000 and total liabilities of $192,000. Today, the firm announced a share repurchase for $87,000 of its stock. What is the earnings per share after the repurchase

Answers

Based on the market price and the earnings per share before the share repurchase, the earnings per share after is $3.39.

How can the earnings per share be found?

First find the earnings of the company:

= 38,000 x 3.27

= $124,260

Then find the shares to be repurchased;

= 87,000 / 63.27

= 1,375shares

The shares after repurchase is:

= 38,000 - 1,375

= 36,625 shares

The new earnings per share is:

= 124,260 / 36,625

= $3.39

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a(n) is a financial plan that sets forth management's expectations and, on the basis of those expectations, allocates the use of specific resources throughout the system.

Answers

Budget is a financial plan that sets forth management's expectations and, on the basis of those expectations, allocates the use of specific resources throughout the system.

What is a budget?

A budget can be regarded as the spending plan which is been made on the income and expenses.

With good budgetting it is easier , to allocates the use of specific resources throughout the system.

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Suppose that the public holds 50% of the money supply in currency, that the reserve requirement is 20%, and that banks hold no excess reserves. If a customer deposits $6,000 in her checking account, required reserves will increase by:

Answers

The required reserves will be increased by $4,800 if the customer deposits the amount of $6,000.

What is meant by deposits?

Deposits are the amount that the customers put in their savings accounts opened with the banks.

Given values:

Deposited amount: $6,000

Reserve ratio: 20%

Computation of increase in required reserves:

[tex]\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\rm\ Customer \rm\ deposits \times\ (100\%-\rm\ Reserve \rm\ Ratio)\\\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\$6,000 \times\ (100\%-20\%)\\\rm\ Increase \rm\ in \rm\ Required \rm\ Reserves=\$4,800[/tex]

Therefore, the amount of $4,800 will increase the required reserves on the deposit of $6,000 by the customer.

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The federal government’s health care program for older individuals is ________
_______ is the government’s health care program for low-income families.

Answers

Medicare, Medicaid

...

ExplanationAnswer:

medicare, medicaid

Explanation:

edmentum

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