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Question - A&B form a partnership with A being the limited partner (LP)who will invest $150,000 and B being the general partner (GP). The group finds a property for $700,000 and takes a mortgage for $550,000, interest only at 6%. They agree to a 90/10 split on the profits and distributions while the property is owned by the group.
Assume the following:
Gross Income- $125,000
LESS VACANCY- $6,250
LESS OPERATING EXPENSES - $27,000
Assume straight line 10 year depreciation schedule ($70,000 per year)
What is the taxable income?
The December collections of assigned accounts, Compute for the amount of cash received from the assignment of accounts receivable on December 1, 2020.
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The comprehensive budget plan linking all the individual budgets related to sales, cost of goods sold, operating expenses, projects, capital expenditures and cash is known as the:
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Calculate the present value of the cash flows, rounding to the nearest dollar A single cash inflow of $12,000 in five years, discounted at a 12% rate of return.
A company uses the FIFO cost flow assumption. What is the balance in the company's inventory asset account on December 31, 1995
definition of risk amp security and identification their role in finance. and define the following terms and identify
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part inbsppresented below are the trial balance and the other information related to josephine gray a tax consultant.1.
Shapland Inc. has fixed operating costs of $600,000 and variable costs of $45 per unit. If sells the product for $70 per unit, what is the break-even quantity?
General Guidelines: 1. Organization and proper indication of answers will be taken into account in the grade. 2. No digital answers will be taken into account. 3. All calculations must be provided Total Worth: 5 points 1. Design borrowed $700,000 on ..
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