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Part 1
At the beginning of the current​ year, Cameron and Harold formed the CH Partnership by transferring cash and property to the partnership in exchange for a partnership​ interest, with each having a​ 50% interest.​ Specifically, Cameron transferred property having a $70,000 ​FMV, a $34,000 adjusted​ basis, and subject to a $7,000 ​liability, which the partnership assumed. Harold contributed $25,000 cash to the partnership. The partnership also borrowed $25,000 from the bank to use in its operations. All liabilities are recourse for which the partners have an equal economic risk of loss. During the current​ year, the partnership earned $23,000 of net ordinary income and reinvested this amount in new property

Answers

Answer 1

Based on the information provided in the question, the CH Partnership has earned net ordinary income of $23,000 during the current year and reinvested that amount in new property.

CH Partnership is not clear from the information provided what the financial risk of this investment is compared to the other options listed in the previous question. However, we can assume that starting a partnership involves some level of financial risk, particularly given the potential for liabilities and the need for funds to cover operating expenses.

It is important for partners to carefully evaluate their options and consider the potential risks before making such an investment. Additionally, it may be wise to consult with a financial advisor or investment professional to help assess the risks and make informed decisions based on the individual's unique circumstances and goals.

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Related Questions

Your grandma pays upfront for you to go on an overnight trip with the school, which costs $340. You make a deal that you’ll give her $25 per month until you pay it all back. What is the best option for this payment scenario?

Answers

The best payment option is $25 for 13.6months

How to determine the the best option for the payment scenario

If your grandmother pays for your school's overnight trip in advance and you agree to repay her $25 per month until you have paid it all off, the best solution for this payment scenario is to determine the total number of months it will take to repay her.

To accomplish this, divide the total amount owed ($340) by the monthly payment ($25):

$340 ÷ $25 = 13.6

This means that it will take around 13.6 months to fully repay your grandmother.

As a result, it will take you 14 months to pay off your debt.

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uBreakiFix advertised that they offer a "Low price guarantee". This is part of their:

A) Brand Development
B) Unique Value Proposition
C) Marketing Goals
D) Vision Statement

Answers

Break Fix advertising that they offer  a "Low price guarantee" is a part of their Marketing Goals. Thus, the correct answer is option C.

A marketing goal is a particular and quantifiable target that assists you in meeting your overall business objectives. It might range from producing high-quality leads and enhancing brand recognition to increasing customer value and increasing referral rate.

Marketing objectives include raising brand exposure, acquiring new consumers, increasing website traffic, advertising, establishing industry authority, increasing customer value, boosting brand engagement, increasing revenue, and improving internal brand.

Therefore, by offering low price guarantee the brands attracts customers and increases their brand value, thus fulfilling its marketing goals.

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1. Identify the type of control.
“Can you tell me what needs to be done before we start?”

2. Identify the type of control.
“What can we do right now to change things?”

3. Identify the type of control.
“Now that we are finished, how well did we do?”

Answers

1. Preaction control
2. Concurrent control
3. Feedback control
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