Frank and Bob are equal members in Soxy Socks, LLC. When forming the LLC, Frank contributed $51,000 in cash and $51,000 worth of equipment. Frank's adjusted basis in the equipment was $36,000. Bob contributed $51,000 in cash and $51,000 worth of land. Bob's adjusted basis in the land was $29,000. On 3/15/X4, Soxy Socks sells the land Bob contributed for $59,000. How much gain (loss) related to this transaction will Bob report on his X4 return

Consider each of the following cases: case accounting break-even unit price unit variable cost fixed costs depreciation 1 127,400 $ 38 $ 25 $ 711,000 ? 2 124,000 ? 41 2,500,000 $ 900,000 3 5,753 117 ? 171,000 100,000 required: (a) find the depreciation for case 1. (do not round your intermediate calculations.) (b) find the unit price for case 2. (do not round your intermediate calculations.) (c) find the unit variable cost for case 3. (do not round your intermediate calculations.)

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?

When immigration adds to the size of the domestic labor pool, which of the following is likely to occur? a. wages decrease. b. productivity increases. c. consumption decreases. d. minimum wage increases.