On january 1, 2018, alamar corporation acquired a 40 percent interest in burks, inc., for $210,000. on that date, burks’s balance sheet disclosed net assets with both a fair and book value of $360,000. during 2018, burks reported net income of $80,000 and declared and paid cash dividends of $25,000. alamar sold inventory costing $30,000 to burks during 2018 for $40,000. burks used all of this merchandise in its operations during 2018. prepare all of alamar’s 2018 journal entries to apply the equity method to this investment.

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?