Gerry conversed his sole partnership to an S corporation and transferred several assets to the corporation. The assets cost $19,570 and had an adjusted basis of $9,600. He also spent an additionally $975 to make the conversion to an S corporation. What is his beginning basis in the S corporation?

Answers

Answer 1

Gerry's beginning basis in the S corporation is $20,545.

To calculate Gerry's beginning basis in the S corporation, we need to consider the cost of the assets transferred and the additional expenses incurred for the conversion.

The cost of the assets transferred is given as $19,570. This represents the original cost of the assets when Gerry acquired them.

The adjusted basis of the assets is stated as $9,600. The adjusted basis takes into account any adjustments made to the original cost, such as depreciation or other deductions.

To calculate the beginning basis in the S corporation, we add the cost of the assets transferred ($19,570) to the adjusted basis ($9,600). This gives us a total of $29,170.

In addition to the assets, Gerry incurred an additional expense of $975 for the conversion to an S corporation. We include this amount in the calculation of the beginning basis.

Therefore, Gerry's beginning basis in the S corporation is $29,170 + $975 = $20,545.

This beginning basis is important for determining Gerry's tax consequences and future deductions within the S corporation structure.

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Related Questions

Some trapezoid has an area of 213.86 yd2 and a height of 18 yd. If one of the bases measures 5 yd, then the other base must measure ___ yd.

Answers

Answer:

The other base measure 18.76 yd.

Step-by-step explanation:

A = h ((a+b) / 2)

213.86 = 18 ((5 + b) /2)

(5 + b) /2 = 11.88

5 + b = 23.76

b = 18.76 yd

Write an expression to show the following:“Fourteen more than the product of nine and a number”

Answers

14(9•x) X would be the variable, aka the number.


PLS PLS HELP PLS PLS PLS HELP PLS HELP PLS BOTH OF THEM PLS

Answers

Answer:

16. Right isosceles

17. D

Step-by-step explanation:

The triangle has a right angle this makes it a right trangle. Also all parallelograms are not squares, all rectangles aren't squares and all parallelograms aren't rhombuses.

16. right isosceles

17. C: all rectangles are squares

Alan set his watch 13 seconds behind, and it falls behind another 1 second every day. How
many days has it been since Alan last set his watch if the watch is 35 seconds behind?

Answers

it would be 22 days.

31 additional days, getting behind by 31 seconds; this, added to the original 4 sec behind, gives you a total 35 seconds behind.

 

Now, that really isn't complicated, right?

Maria needs 0.7 meters of fabric to make a flag. How many flags can she make from 7.42 meters of fabric?

Answers

Answer:

10 flags

Step-by-step explanation:

7.42/0.7

Round down since you cant "round up" when talking about physical objects.

Answer:

10 Flags

Step-by-step explanation:

To stream Netflix without major interruptions, the desired internet speed should be 75 Mbps. However, network traffic can affect the internet speed. The speed varies by 2 Mbps.Create an absolute value equations that can determine the maximum and minimum internet speeds.What are the maximum and minimum internet speeds?

Answers

Answer:

See, this is what i do not get. equations like this. People now in days would just by faster internet speed. Why would we need to know this if  we will never ever get to use this in our life. Also you could just call the internet cable person. This makes absolutely no since at all. Also who even uses Netflix anymore?

Step-by-step explanation

50 POINTS!! Please help tysm :) image is attached (sorry about the quality); find the value of x. the answer key says x=10, but I'm not sure how to get there.

please don't put an unrelated answer or just repeat the answer for the points :) I would like a step by step explanation ​

Answers

Answer:

[tex] \: x = 10[/tex]

Step-by-step explanation:

prefer the attachment

according to the question

[tex] \displaystyle \: \frac{6}{17.5-x} = \frac{8 + 6}{17.5} [/tex]

simplify addition:

[tex] \displaystyle \: \frac{6}{17.5-x} = \frac{14}{17.5 } [/tex]

simplify fraction;

[tex] \displaystyle \: \frac{6}{17.5 - x} = 0.8[/tex]

cross multiplication:

[tex]\displaystyle 6 = 14 - 0.8x[/tex]

cancel 14 from both sides:

[tex] \displaystyle - 8= - 0.8x[/tex]

divide both sides by -0.8:

[tex] \therefore \: x = 10[/tex]

Explain how g is 62 degrees using angle theorem. Ex supplementary angle theorem, ASTT. Etc

Answers

Answer:

The exterior angle is 35° + 62° = 97°

And 97° > 35°

And 97° > 62°

Step-by-step explanation:

Answer:

pppop-

That’s what u get

Step-by-step explanation:

For males in a certain town, the systolic blood pressure is normally distributed with a mean of 105 and a standard deviation of 7. Using the empirical rule, what percentage of males in the town have a systolic blood pressure between 98 and 112?

Answers

Answer:

Answer:

68%

Step-by-step explanation:

The percentage of males in the town who have systolic blood pressure between 98 and 112 is 68%.

What is a normal distribution?

It is also called the Gaussian Distribution. It is the most important continuous probability distribution. The curve looks like a bell, so it is also called a bell curve.

For males in a certain town, the systolic blood pressure is normally distributed with a mean of 105 and a standard deviation of 7.

68 percent of the data is within one standard deviation of the mean, i.e. between μ - σ and μ + σ.

μ - σ = 105 - 7 = 98

μ + σ = 105 + 7 = 112

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Will mark brain list

Answers

it’s either 65 or 70
I think the answer is 70

plzz help meeee



thank you smmmmm

Answers

Answer:A

Step-by-step explanation:

the y-intercept is when x-axis is 0 and that means that hours of jogging is 0 and the y-axis is 1 minunte

Answer:

The first option.

Step-by-step explanation:

The y-intercept is where the line crosses through the y-axis, which, in this case, would be at point (0, 1). The labeling on the left side shows what each number on the y-axis represents, and it would be minutes stretching when not jogging.

hope this helped! :)

Which number line shows 1.5 graphed?

Answers

Answer:

The third one down

Step-by-step explanation:

Explain what you think 5 x ⅙ means.

Answers

Answer:

5/6?

Step-by-step explanation:

Write the Mayan numeral as a Hindu Arabic numeral 10:03

Answers

The Hindu Arabic numeral for the Mayan numeral is 103.

The given Mayan numeral needs to be converted to Hindu Arabic numeral.

The Hindu Arabic numeral system includes ten digits from 0 to 9. This numeral system is used to represent numbers in almost all the countries in the world.

10:03 in Mayan Numeral System is as shown below:MAYAN_NUMERALS:    10:03 = 10.|. 0. | 3. ||||||. |||..........||||||... ||.......... |||||||||||||||||||||||||||||||10.|.0.|.3.|.    =   103The above given Mayan Numeral system converted to Hindu Arabic Numeral is 103.

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!
A store is selling electronics
and mark up all the prices by
30%. If the store's cost for a
printer is $25, what is the
customer's cost?
בדד
תחזרי

Answers

Answer:

im guessing 32.5$ but i honestly dont know lol

Step-by-step explanation:

Evaluate the expression 6 + 5 × 32 - 8.

43
11
6
91

Answers

Answer:

158

Step-by-step explanation:

All i know is that these answer choices cannot be found in the calculator

Answer:

158.....

PEMDAS

you multiply first 6+160-8

then you add or subtract

158

Use cylindrical coordinates to evaluate

∫∫∫ xyzdv

where E is the solid in the first octant that lies under the paraboloid. z= 4-z² - y².

Answers

To evaluate the triple integral ∫∫∫ xyzdv using cylindrical coordinates, we need to express the integral in terms of the cylindrical coordinates (ρ, φ, z).

The given solid E lies under the paraboloid z = 4 - z² - y². In cylindrical coordinates, this paraboloid equation becomes z = 4 - ρ² - y².

To set up the triple integral, we need to determine the limits of integration for each variable.

Since the solid lies in the first octant, the limits of integration are as follows:

ρ: from 0 to some value ρ₁

φ: from 0 to π/2

z: from 0 to the upper limit of the paraboloid, which is given by the equation z = 4 - ρ² - y².

Now we can set up the triple integral:

∫∫∫ xyzdv = ∫₀^(π/2) ∫₀^ρ₁ ∫₀^(4-ρ²-y²) (ρcosφ)(ρsinφ)z dz dρ dφ

Simplifying the integrand and integrating, we can evaluate the triple integral to obtain the final result.

Note: The specific value of ρ₁ and the complexity of the integration depend on the precise shape of the solid E, which is not provided in the given information. Therefore, the final evaluation of the integral requires additional information about the solid E.

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The number of watermelons in a truck are all weighed on a scale. The scale rounds the weight of every watermelon to the nearest pound. The number of pounds read off the scale for each watermelon is called its measured weight. The domain for each of the following relations below is the set of watermelons on the truck. For each relation, indicate whether the relation is reflexive, anti reflexive, or neither
symmetric, anti symmetric, or neither
transitive or not transitive
justify your answer
a) watermelon x is related to watermelon y if the measured weight of watermelon x is at least the measured weight of watermelon y. No two watermelons have the same measured weight. b) watermelon x is related to watermelon y if the measured weight of watermelon x is at least the measured weight of watermelon y. All watermelons have exactly the same measured weight

Answers

a) The relation is reflexive, symmetric, and transitive.

b) The relation is not reflexive, symmetric, or transitive.

a) For each watermelon x, x is related to x because the measured weight of x is at least the measured weight of x. Therefore, the relation is reflexive.

For each watermelon x and y, if x is related to y (meaning the measured weight of x is at least the measured weight of y), then y is also related to x (meaning the measured weight of y is at least the measured weight of x). Therefore, the relation is symmetric.

For each watermelon x, y, and z, if x is related to y (meaning the measured weight of x is at least the measured weight of y) and y is related to z (meaning the measured weight of y is at least the measured weight of z), then x is related to z (meaning the measured weight of x is at least the measured weight of z). Therefore, the relation is transitive.

b) For each watermelon x, x is not related to x because no two watermelons have the same measured weight. Therefore, the relation is not reflexive.

For each watermelon x and y, if x is related to y (meaning the measured weight of x is at least the measured weight of y), then y is not related to x (meaning the measured weight of y is not at least the measured weight of x).

Therefore, the relation is not symmetric. For each watermelon x, y, and z, if x is related to y (meaning the measured weight of x is at least the measured weight of y) and y is related to z (meaning the measured weight of y is at least the measured weight of z), then x is not related to z (meaning the measured weight of x is not at least the measured weight of z).

Therefore, the relation is not transitive.

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Brand X sells 21 oz. bags of mixed nuts that contain 29% peanuts. To make their product they combine Brand A mixed nuts which contain 35% peanuts and Brand B mixed nuts which contain 25% peanuts. How much of each do they need to use? Show all work.

explain your steps and answer clearly

Answers

Brand X needs to use 8.4 oz. of Brand A mixed nuts and 12.6 oz. of Brand B mixed nuts to achieve a 29% peanut content in their 21 oz. bags of mixed nuts.

To determine how much of Brand A and Brand B mixed nuts Brand X needs to use to achieve a 29% peanut content in their 21 oz. bags of mixed nuts, we can set up an equation based on the principle of weighted averages.

Let's assume x represents the amount of Brand A mixed nuts (35% peanuts) that Brand X needs to use, and y represents the amount of Brand B mixed nuts (25% peanuts) that Brand X needs to use.

The total weight of the mixed nuts is given as 21 oz., so we can set up the following equation:

x + y = 21 (Equation 1)

To achieve a 29% peanut content in the final product, we can set up another equation based on the peanut content:

(35% of x) + (25% of y) = 29% of 21 oz.

0.35x + 0.25y = 0.29 * 21 (Equation 2)

Now we have a system of two equations (Equation 1 and Equation 2). We can solve this system of equations to find the values of x and y.

Let's solve the system using the substitution method:

From Equation 1, we have: x = 21 - y

Substituting this into Equation 2, we get:

0.35(21 - y) + 0.25y = 0.29 × 21

7.35 - 0.35y + 0.25y = 6.09

0.1y = 6.09 - 7.35

0.1y = -1.26

y = -1.26 / 0.1

y = 12.6

Substituting this value back into Equation 1, we can find x:

x + 12.6 = 21

x = 21 - 12.6

x = 8.4

Therefore, Brand X needs to use 8.4 oz. of Brand A mixed nuts and 12.6 oz. of Brand B mixed nuts to achieve a 29% peanut content in their 21 oz. bags of mixed nuts.

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20% of x is 40.

x=?

please help!!​

Answers

Answer:

200

Step-by-step explanation:

0.2 * x = 40

40 / 0.2 = 200

x 2 3 4 5 6 7 y 3.4 -1.7 -3 -4.3 -10.9 -13.9 select one: a. y = 3.46x 3.4 b. y = 9.77x - 3.30 c. y = -3.30x 9.77 d. y = 3.46x 9.77

Answers

The relationship between the variables x and y, based on the given data points, can be represented by the equation y = -3.30x + 9.77.

This linear equation captures the trend observed in the data, providing a mathematical expression to estimate the value of y corresponding to a given x. By performing linear regression on the provided data points, the equation y = -3.30x + 9.77 is derived. This equation represents a linear relationship between x and y, where the coefficient of x is -3.30, indicating that as x increases, y decreases at a rate of 3.30 units.

The constant term 9.77 represents the y-intercept, which is the value of y when x is 0. This equation serves as a model to estimate the value of y for any given x within the observed range. It provides a straightforward and concise representation of the relationship between the variables based on the given data.

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ANSWER ASAP
5. A square has a 40-cm diagonal. How long is each side of the square? Round your answer to the nearest tenth of a centimeter.
Hint - draw a picture.
O 27.1 cm
O 28.3 cm
O O O
O 29.5 cm
O 30.7 cm

Answers

Answer:30.7 mybe i am not 100%

Step-by-step explanation:first you would devide 40 by 4 and then you would round

what is a profit margin​

Answers

A profit margin is the amount of money when you subtract how much money you have made from your product and them subtract how much it took to make the products and your answer would be the profit margin. For example: if I made 50 dollars selling my product, and I made 5 products which costs me one dollar each, to make those five products it would take me 5 dollars so 50-5 equals 45 so my profit margin is 45 dollars, so technically I made 45 dollars.

What is the measure of the other acute angle? Pls explain how you got your answer

Answers

Answer:

30 degrees

all triangles equal 180 degrees

90+60=150

180-150=30

Step-by-step explanation:

The compound interest on $4,000 saved for 3 years at an interest rate of 15%.

Answers

A = $5,800.00

I = A - P = $1,800.00

hey!

Equation:

A = P(1 + rt)

Calculation:

First, converting R percent to r a decimal

r = R/100 = 15%/100 = 0.15 per year.

Solving our equation:

A = 4000(1 + (0.15 × 3)) = 5800

A = $5,800.00

The total amount accrued, principal plus interest, from simple interest on a principal of $4,000.00 at a rate of 15% per year for 3 years is $5,800.00.

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hope i helped in some way..have great day!

What is the probability of 2 people not sharing the same birthday out of 365?

Answers

There is a 99.73% chance that two people selected at random will not share the same birthday out of 365.

The probability of two people not sharing the same birthday out of 365 can be calculated using the formula:P(A) = n(A)/n(S)where n(A) is the number of favorable outcomes and n(S) is the total number of possible outcomes.

In this case, the favorable outcome is that two people do not share the same birthday, and the total number of possible outcomes is 365 × 365 since each person can have a birthday on any of the 365 days.

To find the number of favorable outcomes, we need to subtract the number of ways two people can have the same birthday from the total number of possible outcomes.

The number of ways two people can have the same birthday is simply 365 since there are 365 possible birthdays.

Therefore, the number of favorable outcomes is:365 × 364

The total number of possible outcomes is:

365 × 365

Thus,the probability of two people not sharing the same birthday out of 365 is:P(A) = (365 × 364)/(365 × 365)P(A) ≈ 0.9973

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5^2 + 4^3 - 21=

Need answer immediately please.​

Answers

Answer:

68

Step-by-step explanation:

Answer: 5^2 + 4^3 - 21= 68

find the corresponding point to the function​

Answers

Answer:

If you begin with the graph for f(x) and then substituted x+3 for x, the effect on the graph will be to move the whole graph 3 units to the left.  

Given that (-9,-1) is on the graph of f(x), and that we are to move the entire graph 3 units to the left, then the coordinate -9 becomes -9-3, or -12:  (-12,-1).

Step-by-step explanation:

List the measurements with units of kilometers, centimeters, and
millimeters that are equal to 4 meters.

Answers

Answer:

0.004 km; 400 cm; 4000 mm

Step-by-step explanation:

1 km = 1000 m

1 = (1 km)/(1000 m)

4 m * (1 km)/(1000 m) = 4/1000 km = 0.004 km

1 m = 100 cm

1 = (100 cm)/(1 m)

4 m * (100 cm)/(1 m) = 400 cm

1 m = 1000 mm

1 = (1000 mm)/(1 m)

4 m * (1000 mm)/(1 m) = 4000 mm

Answer: 0.004 km; 400 cm; 4000 mm

Let X₁, X₂, X₃, ... be i.i.d. variables taking values between +1 and +[infinity] with probability density given by:
f(x) = (λ - 1)/x^λ
for every x ≥ 1 where λ > 1 is an unknown parameter. For x < 1, we assume the probability density to be 0. Estimate λ using maximum likelihood, given X₁ = 3, X₂ = 4, X₃ = 5

Answers

To estimate the unknown parameter λ using maximum likelihood, given X₁ = 3, X₂ = 4, X₃ = 5, we need to find the value of λ that maximizes the likelihood function based on the observed data. The likelihood function represents the probability of observing the given data for different values of λ.

The likelihood function L(λ) is defined as the product of the probability density function evaluated at each observed data point. In this case, we have L(λ) = f(3) * f(4) * f(5), where f(x) is the given probability density function.
Substituting the values into the likelihood function, we have L(λ) = ((λ - 1)/3^λ) * ((λ - 1)/4^λ) * ((λ - 1)/5^λ).
To find the maximum likelihood estimate of λ, we need to maximize the likelihood function. Taking the natural logarithm of the likelihood function (ln L(λ)), we can simplify the problem to finding the value of λ that maximizes ln L(λ).
Taking the derivative of ln L(λ) with respect to λ and setting it to zero, we can solve for the maximum likelihood estimate of λ.
By solving the equation, we can obtain the estimate for λ based on the observed data X₁ = 3, X₂ = 4, X₃ = 5.

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