Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a partnership). Timothy is married, and Prada is single. Each contributes $400,000 of capital to begin the business, and both materially participate in the business. In 2019, TGPS reports a net loss of $580,000. What are the implications of this loss for Timothy and Prada?

Answers

Answer 1

Answer:

Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.

On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.


Related Questions

YO GUYS mator12 IS A BIG BABY

Answers

Answer: lol

Explanation:

What is the key difference between a transaction account (checking) and a time deposit (savings, CD, etc.)?

Answers

Answer:

A checking account is operated using a cheque book while a time deposit is operated by the use of a pass book

Explanation:

Here, we want to examine the difference between a transaction account and a time deposit account.

While both of these are accounts types used in banks, there are some key differences between them.

For a checking account, it is operated using a cheque book to request for funds inside while bearing a very little amount of interest due to the fact that withdrawals can be effected regularly.

For a time deposit account, although it bears a small difference with normal savings account due to the fact that the interest rate is lower. However, the difference here is that a passbook is used in requesting funds from it and it bears a higher interest rate compared to a checking account

What is a plan for how much to spend and how much to save of ones earnings called?
A. a wish list
B. a personal budget
C. a saving account
D. an investment portfolio

Answers

The answer is c hoped this helped

Kyle has experience in tracking inventory. What company might be interested in hiring Kyle?

a city clinic offering night classes to adults
a grocery store looking for a produce manager
a city manager’s office interested in balancing the budget
a state safety agency looking for an inspector

Answers

Answer:

a grocery store looking for a produce manage

Explanation:

Inventory refers to products a business holds for sale. Tracking inventory will refer to managing inventory movement in and out of business.  A grocery store will need Kyle's experience much more than the businesses. The core business of a grocery store is to sell groceries.

Because Kyle is good at tracking inventory, he will help the store maintain optimal stock levels and guard against losses due to theft and spoilage.

According to leading entrepeneur, Guy Kawasaki, the best reason to start a new business is to ______.


be your own boss

make a large profit

make the world a better place

achieve success

Answers

Answer:

make the world a better place

Explanation:

Answer:

C. Make the world a better place

Explanation:

"The best reason to start an organization is to make meaning - to create a product or service to make the world a better place."

—Guy Kawasaki, entrepreneur, investor, author

Small businesses selling on credit find that:

a. it is relatively inexpensive and simple.

b. it is expensive and requires a great deal of effort.

c. it is essentially borrowing money from the customer.

d. many can get by without selling on credit because their business customers don't expect to use credit.

Answers

Answer:

b. it is expensive and requires a great deal of effort.

Explanation:

selling on credit is basically lending money to customers and it can be very expensive for a small business. First of all, the risk of not getting paid always exists. Second, a small business doesn't generally have excess cash in order to finance credit sales. This means that you might probably need to borrow money yourself to finance your customers.

The good side of credit sales is that they might help you increase your total sales. But you have to calculate which is higher, the costs or the benefits.

As Mike says in the video, trainers need to genuinely care about their clients. Ana adds that she learns a lot about people and earns their trust, then helps them set practical goals that will help them methodically improve their fitness. Which problem-solving style is the best fit? Intuitive-Feeling Intuitive-Thinking Sensation-Thinking Sensation-Feeling

Answers

Answer:

Sensation feeling

Explanation:

Attorneys suing Chiquita believe that the most ethical choice for a company facing violent threats at an overseas business unit is to: a.make questionable payments to political groups. b.offer bribes to top leaders of the host country. c.do nothing. d.suspend all business activities and exit the country.

Answers

Answer: d. suspend all business activities and exit the country.

Explanation:

Chiquita Brands International is simply a multinational corporation that delas with fruit production. While in Columbia, the company was involved in bribery which was due to the political unrest in the country.

In order to keep the guerilla fighters away from their workers, Chiquita has to bribe them which later resulted in a court case. Attorneys suing Chiquita believe that the most ethical choice for a company facing violent threats at an overseas business unit is to suspend all business activities and exit the country.

The most ethical choice for a company facing violent threats for option d.

Ethical choices:

Chiquita Brands International should be the multinational corporation that deals with the production of fruit . While in Columbia, the company was included in bribery because of the political unrest in the country. For keep the guerilla fighters away from their workers, Chiquita has to bribe them that leads in a court case.

Learn more about company here: https://brainly.com/question/14867045

What is the similarity between goodwill and factory equipment for a business?
A.
Neither has a physical presence.
B.
Both have a financial value.
C.
Both are tangible assets.
D.
Both need to be sold off within one year.
E.
Both are current assets.

Answers

Answer:b

B: Both have financial value

Explanation:ik its b

Ik its B took the test

Answer: I believe the answer is B

Short-term bank loans (Select all that apply.) usually have a lower interest rate than long-term debt. usually have a higher interest rate than long-term debt. are not frequently used by large corporations as a significant component of capital structure. are frequently used by large corporations as a significant component of capital structure.

Answers

Answer:

A. usually have a lower interest rate than long-term debt.

D. are frequently used by large corporations as a significant component of capital structure.

Explanation:

A short-term bank loan can be defined as a type of loan that provides quick cash which mainly have a shorter repayment period when compared to a traditional loan.

Basically, when a small business owner (entrepreneur) or start-up needs to finance a temporal personal or working capital requirements but isn't eligible to apply for a line of credit from a bank; he or she can obtain a short-term bank loan.

Short-term bank loans usually have a lower interest rate than long-term debt and are frequently used by large corporations as a significant component of capital structure.

Damerly Company (a Utah employer) wants to give a holiday bonus check of $350 to each employee. Since it wants the check amount to be $350, it will need to gross-up the amount of the bonus. Calculate the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative earnings for the year are $46,910. Besides being subject to social security taxes and federal income tax (supplemental rate), a 5% Utah income tax must be withheld on supplemental payments.

Answers

Answer:

$350

Explanation:

Calculation for the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative

Social Security rate 6.20%

Medicare rate 1.45%

Federal Income tax 22.00%

State income tax 5.00%

Total tax percentage 34.65%

Calculation for the Required gross bonus

Required gross bonus =$350/(1-34.65%)

Required gross bonus=$350/1-0.3465

Required gross bonus=$350/0.6535

Required gross bonus=$535.57

Gross bonus amount $535.57

Federal Income tax withheld (117.82) ($535.57*22%)

OASDI tax withheld (33.20)

($535.57*6.2%)

HI tax withheld (7.76)

($535.57*1.45%)

Utah Income tax withheld (26.77)

($535.57*5%)

Take home bonus check $350.00

Therefore the withholding taxes and the gross amount of the bonus to be made to John Rolen if his cumulative will be $350.00

what a product that hasn't been created yet???

Answers

Answer:

i like your smart pantry idea lol, its like a smart fridge but pantry version

Explanation:

On March 17th, Rollo's Antiques accepted a credit card for a $1,000 purchase. The credit card company charges a 2% service fee. The entry to record this transaction would include a A : credit to Service Charge Expense of $20. B : debit to Cash of $1,000. C : debit to Service Charge Expense of $20. D : credit to Cash of $980.

Answers

Answer:

C : debit to Service Charge Expense of $20

Explanation:

The complete journal entry used to record this transaction would be:

March 17, 202x, sales revenue

Dr Cash 980 (assuming the transaction is processed automatically)

Dr Service charge (or Credit card) expense 20

    Cr Sales revenue 1,000

Since the credit card company is charging you a 2% commission ($20), we must consider it an expense. Remember that all expenses must be debited.

Write a short paragraph describing the benefits of working as a team to complete a project.

Answers

Answer:

A group of people who have to achieve common goal is known as team. If we work in team it increases our creativity and learning, it also builds trust. It boost the particular person when we work in team. We can also learn faster. There are more chances of getting success in particular area if we work in team. As there is saying, " together we can achieve more what each of us can achieve." It also enhances productivity and capability.

Jonah had $25 to spend. He
decided to buy a new shirt
instead of going to the
amusement park with his
friends, Jonah has: purchased a
service, made an economic
tradeoff, made a poor
economic decision, or ignored
the concept of scarcity

Answers

Answer:

ignored  the concept of scarcity

Is it abc or cba
I wanna know thanks bro

Answers

Answer:

If your talking about Alphabetical order, it's ABC.

If your talking about anything else, it might be CBA.

Explanation:

If answer is 1, Go along with the alphabet.

ABCDEFGHIJKLMNOPQRSTUVWXYZ.

If it's two, (I actually don't know.)

The lessons or skills that a person gains by working in a specific job or occupation is known as _____.
A. training
B. experience
C. certification
D. education

Answers

Answer:

experience

Explanation:

A process for making financial decisions is called _____.

Answers

Answer:

ouybouybo

Explanation:

If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful? A. Statement of owners' equity B. Cash flow statement C. Balance sheet D. Income statement Please select the best answer from the choices provided

Answers

Answer:

D. Income statement.

Explanation:

Financial accounting is an accounting technique used for analyzing, summarizing and reporting of financial transactions like sales costs, purchase costs, payables and receivables of an organization using standard financial guidelines such as Generally Accepted Accounting Principles (GAAP). Example of financial statements includes an income statement used to measure the amount of money entering into a business and to determine if its making a profit or a loss.

Hence, If you want to know whether a company had a profit or a loss during a specific period of time, the financial statement which would be most helpful is the income statement.

Answer:

D. Income statement.

Explanation:

A popular fried chicken franchise opened their operations in China. Their Beijing outlet translated the tagline, Finger-lickin' good" to "Eat your fingers off." Using online research, briefly summarize five other examples of poor cultural language and cultural awareness in advertising.

Answers

Answer:

1. American Motors

A translatable product name is an important element in global branding and can derail a marketing campaign before it even starts. American Motors made this mistake in the early 1970s when naming its midsize car, the Matador. Although the name was intended to conjure images of courage and strength, it may have been a little too aggressive for Puerto Rican consumers – in Spanish, "matador" translates to "killer." Needless to say, the name didn't instill a great deal of confidence in drivers.

2. BMW

The German car giant BMW made the marketing mistake of improperly using the UAE national anthem in a car commercial. The ad displayed the Al Ain Football Club singing the anthem and then breaking into a run toward several BMW cars when they heard the sound of the engine. Although the brand was trying to arouse intense emotion, it evoked rage instead of passion. Emiratis found it incredibly offensive that the car company suggested their cars were more important than the anthem. The company explained its intent was never to offend, and it soon replaced the ad with a less offensive version.  

3. Braniff Airlines

Braniff Airlines got in trouble in 1987 when it promoted its new leather seats south of the border with the same campaign it used in the United States: "Fly in leather." While the Spanish translation, "Vuela en cuero," was appropriate throughout much of Latin America, it had different connotations in Mexico, where the expression also means "fly naked." The promotion may have appealed to some flyers, but it was far from the message the airline intended to send.

4. Coors

American beer maker Coors discovered that slang doesn't always translate well. When launching its "Turn it loose" campaign to Spain, it appears executives forgot to ensure the translation would resonate with consumers. When translated into Spanish, the tagline used an expression that's commonly interpreted as "suffer from diarrhea." While the campaign made its mark on Spanish shoppers, it was for all the wrong reasons.

5. Ford

Auto giant Ford found that in Belgium, enticing customers with a dead body in every car isn't the best way to make a sale. Hoping to highlight the cars' excellent manufacturing, Ford launched an ad campaign in the European country that execs thought said, "Every car has a high-quality body." However, when translated, the slogan read, "Every car has a high-quality corpse" – far from the image they were hoping to invoke.

6. Pampers

Sometimes, companies run into problems overseas not just for what they say but how they say it. When Procter & Gamble started selling its Pampers diapers in Japan, the packaging featured an image of a stork delivering a baby. While the imagery may have worked in the U.S., it never caught on with Japanese parents. After some research, the company learned that customers were concerned and confused by the image of a stork on the packaging. The tale of a stork delivering a baby to parents isn't part of Japanese folklore. There, stories tell of giant floating peaches bringing babies to awaiting parents.

Explanation:

Answer:

Sometimes marketers try to convince consumers overseas that their product goes beyond traditional cultural barriers by simply translating the original taglines or ignoring cultural barriers. This is where they go wrong. Here are some examples:

A company that made baby foods entered the market in Africa where they used their original packaging of containers with baby pictures on them. In Africa, most companies follow the tradition of putting picture of contents on the packaging. So, putting the picture of a baby on the packaging proved to be a bad brand strategy.

A famous cereal brand had to rename their product name in Sweden after it was translated into the local language as “burned farmer.”

A well-known bank with an ad campaign that read, "Assume Nothing," had to reconsider their campaign when they launched their operations overseas. They had to change their tagline because the tagline translated to "Do Nothing" in many countries.

An automobile company tried to sell cars in Mexico using a tagline that roughly translated to “the car doesn’t move”.

A beverage company used characters in Chinese that sounded like the brand name but read as “Bite the wax tadpole.” They later used a different tagline, this time being more careful.

Explanation:

list any 5 important of wetland​

Answers

Answer:

Wetlands are highly productive and biologically diverse systems that enhance water quality, control erosion, maintain stream flows, sequester carbon, and provide a home to at least one third of all threatened and endangered species. ... improve water quality. provide wildlife habitat. maintain ecosystem productivity.

Answer:

Wetlands...

- protect and improve water quality by filtering water

- Provide fish and wildlife habitats

- Store floodwaters

- Maintain surface water flow during dry periods

Explanation:

Edge notes 2020.

You lost $65,000 out of your original $105,000 investment. What percentage of your initial investment was lost?

Answers

Answer:

The answer is 62% (B)

Explanation:

The easiest way to answer this is by simply doing $65,000 divided by $105,000. You'll get 61.9 but if you round it, you get 62% and that's how you get the answer.

Also, I just got this question and I got it correct.

Hope this helps!!

Percentage of lost in initial investment is 61.90%

Given that;

Amount lost = $65,000

Original investment = $105,000

Find:

Percentage of lost in initial investment

Computation:

Percentage of lost in initial investment = [Amount lost / Original investment]100

Percentage of lost in initial investment = [65,000 / 105,000]100

Percentage of lost in initial investment = 61.90%

Learn more:

https://brainly.com/question/16822436?referrer=searchResults

HELP ME PLEASE !!!

which of the following is a benefit that computer technology has provided to the realm of financial administration?
a. financial records can be searched more easily
b. less data availability
c. less security of financial records
d. slower data entry

Answers

Answer:

a. financial records can be searched more easily

Explanation:

Computer technology has aided in the automation and integration of an organization's financial records in a single system. A business's financial data relating to several financial years are accessible from a single computer. Computer technology has made it easy to collect, analyze, report, and interpret financial records.

Through computer technology, financial records are organized and stored in a manner that is easy to retrieve. It takes very little time to access the required financial information as long as it was labeled correctly and stored.

Answer:

1 selling stock before telling about the downfall one

2 A or financial records can be searched more easily

3 crowdfunding

4 forecast

Ollver is the vice president of production at his company and has been managing the launch of nen software systems. He worked with a

team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the

product. Which department managers were part of Oliver's team

Oliver's team induded the

manager, who would handle product awareness, and the

manager,

who would handle potential purchasers of the product

Answers

Answer:

Part 1. Marketing Department

Part 2. Sales Department

Explanation:

The Marketing department is the one which is responsible for creating product awareness among the target market segment customers. The marketing department assesses the best option to approach the customers present in the market segment. The option that will generate greater product awareness and is less costly to the organization is the best option that the market department tries to find to reach customers.

On the other hand, the Sales department is responsible to approach its potential customers to ensure that sales targets are met. They are the ones who will finalise the dealings between the company and the customer to sell the products or services.

Answer:

its advertising and sales

Explanation:

i took the test and got it right

In a society with a market economy, property rights are generally enforced by
A. the banks
B. the courts
C. the producers
D. the consumers

Answers

Answer:

ccccccccccccccccccccccc

Explanation:

Even though most corporate bonds in the United States make coupon payments semiannually, bonds issued elsewhere often have annual coupon payments. Suppose a German company issues a bond with a par value of €1,000, 15 years to maturity, and a coupon rate of 6.9 percent paid annually. If the yield to maturity is 8 percent, what is the current price of the bond?

Answers

Answer:

€905.85

Explanation:

The  current price of the bond is its Present Value (PV) this is calculated as follows :

Fv = €1,000

n = 15

Pmt = €1,000 × 6.9% = $69

i = 8%

P/yr = 1

Pv = ?

Using a financial calculator to enter the values as above, the PV is €905.85.

Thus,  the current price of the bond is €905.85.

A manufacturing company provides jobs for many people in a small town where employment is not easy to find. The company has stayed in the town even though it could find cheaper workers elsewhere, because workers are loyal to the company due to the jobs it provides. Over the years, the company has developed a reputation in the town for taking care of its employees and being a responsible corporate citizen.

The manufacturing process used by the company produces a by-product that for years has flown into the town river. The by-product has been considered harmless but some people who live near the river have reported illnesses. The by-product does not currently violate any anti-pollution laws.


WHAT ARE THE ANSWERS TO THESE QUESTIONS?

What are the issues of integrity, ethics and law posed in the case study? What options does the company have, and what should it do and why?

Answers

Explanation:

Note, the term integrity often refers to the ability to keeping to one's moral principles, such as honesty. And ethics refers to the principles of right and wrong one might have.

For example, from this case, we observe that

although the company is known to have a good reputation over the years and of being a responsible corporate citizen, if it fails to act, then the company's integrity comes under question.Even though the by-product does not violate any laws, failing to take action may taint the good reputation it has had considering the fact that the company is well aware that "some people who live near the river have reported illnesses."

Note That,  When the term is integrating often refers to the ability to keep to one's moral principles, such as honesty. And also, that ethics refers to the principles of right and wrong one might have.

Giving For  such example are, from this case, we observe that is:

Thus, although the company is known to have a good reputation over the years and of being a responsible corporate citizen, Then if any it fails to act, then the company's integrity comes under the question of law. Also that Even though the by-product does not violate any laws, Then it is failing to take action may taint the good reputation it has had considering the fact that the company is well aware that is "some people who live near the river have reported illnesses."

Learn more about:

https://brainly.com/question/25935388

How much would $2000 dollars earn in 1 year at a rate of 4.4% compounded annually?

Answers

Answer:

2,088

Explanation:

Use calculator and do 2000(1.044)^1

which of the following types of attire typically consists of button-down shirt and dress pants for men and blouses and dress pants or skirt for women

Answers

Answer:

The answer is Business casual for  

Explanation:

I just took the quiz

The type of attire that typically consists of a button-down shirt and dress pants for men and blouses and dress pants or skirts for women is business casual.

Which of the following types of attire typically consists of button-down shirt ?

This dress code is commonly used in professional settings where a certain level of formality is expected but not as strict as a formal business attire.

Business casual attire for men usually involves a collared shirt such as a dress shirt, polo shirt, or a button-down shirt. Dress pants such as khakis, chinos, or wool trousers are appropriate, and leather shoes, such as loafers or dress shoes, are recommended. However, a tie is optional.

For women, business casual attire typically includes blouses or collared shirts, dress pants, or skirts. Skirts should be knee-length or longer, and pants should be tailored and not excessively tight or revealing. Shoes should be closed-toe and comfortable, such as loafers, flats, or heels with a moderate height.

Overall, business casual attire is a versatile dress code that balances professionalism with comfort and flexibility. It is commonly used in office settings, meetings, and other business-related events where a formal dress code is not required.

Learn more about button-down shirt here

https://brainly.com/question/17584508

#SPJ7

Using the Supply and Demand data below, graph the equilibrium price and quantity for the market for oats. Identify the equilibrium price and quantity. (DO NOT list every price and quantity in your graph.)



Price

Quantity demanded

(bushels of oats)



Price

Quantity supplied

(bushels of oats)

$4.40

10,000

$4.40

40,000

4.20

15,000

4.20

35,000

4.00

20,000

4.00

30,000

3.80

25,000

3.80

25,000

3.60

30,000

3.60

20,000

3.20

35,000

3.20

15,000





Equilibrium Price $
Equilibrium Quantity



Describe the market at a price of $4.20.

At $4.20, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.



Describe the market at a price of $3.60

At $3.60, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.



Describe the market at a price of $3.20

At $3.20, there is a (select wither Shortage or Surplus)
of (state a numerical value)
units.

Answers

Answer:

Id say probably 46 for this one

Explanation:

just took the test

Other Questions
What do you think it means when Gilgamesh says ""A name i will establish?"" On March 1, 2021, E Corp. issued $1,000,000 of 10% nonconvertible bonds at 103, due on February 28, 2031. Each $1,000 bond was issued with 30 detachable stock warrants, each of which entitled the holder to purchase, for $50, one share of Evan's $25 par common stock. On March 1, 2021, the market price of each warrant was $4. By what amount should the bond issue proceeds increase shareholders' equity? PLS I NEED HELP ASAP!! MARKING BRAINLIEST1) What is the genre of Joker film? What in the poster supports a viewers understanding the genre even if they knew nothing about the film?2) What characters if any are featured on the poster? What does the way they are represented on the poster say about the character and/or the actor?3) What can you tell about the tone or mood of the film from the poster? Think about lighting, composition of the items in the poster, and the font of any writing. 4) How does the tagline add to the poster and intrigue viewers?5) Is the title large or small? Are any actor/actress names in a larger font? What does this say about the main appeal of the film? 6) What in your opinion is the main hook in the poster that would encourage people to see this film? How is the hook highlighted in the poster? pls help:( ill mark brainlest! 4.20. According to a report released by the National Center for Health Statistics, 51% of U.S. households has only cell phones (no land line). According to the FCC, nearly 70% of the U.S. households have high-speed Internet. Suppose of the U.S. households having only cell phones, 80% have high-speed Internet. A U.S household is randomly selected. a. What is the probability that the household has only cell phones and has high-speed Internet Why was periodic table developed name one state of matter Un bombardeo pica, formando ngulo de 53o con la vertical, y abandona una bomba a una altura de 2400 pies. Se observa que el proyectil llega al suelo 5 segundos despus de is -3.7 less than,greater than or equal to -3.8 ? Evaluate the expression You are a transplant surgeon who is preparing to do a heart transplant on a young mother. The donor has been identified and the organ is being harvested right now. It should be to you within 12 hours. The timing was good. You do not believe that the mother would have lived much longer without the transplant. You know that there are a number of people on the transplant list that will not be so lucky. When you are discussing the procedure with her husband, you realize that she has recently been exposed to her young daughter who has just come down with chickenpox. She has never had chickenpox before and you are concerned. If you convey this information to the transplant team, she will not receive the transplant. The heart will go to the next match on the transplant list. There is no real reason to expect that she will become ill. However, if she does, it is not likely that she will be able to overcome the virus with the anti-rejection drugs she will be given. She could become very sick and even die. If she does, then the transplant will not go to another.What are the ethical issues that you face?What should you do?What would you do? FIRST PERSON TO ANSWER CORRECTLY GET BRAINLIEST!!Can you play Nitroball on a basketball court? What is the slope intercept for the line below? Find the slope: A.2/5B.-2/5C.5/2D.-5/2 please help me with this Vocabulary what is something you can relate to in political parties? HELP!!!!!!!What is 2 8/10 + (-3.5) in decimal form In a covalent bond electron pairs are Steps to subtracting a negative fraction from a positive decimal Question 5 of 10A call-and-response style begins with a group introducing a melody and thenothers repeating a similar or identical melody back.A. TrueB. False