Jill Perry invested $10,000 for a 5% interest in a limited partnership on January 1, Year 1. There is one general partner with a 50% interest. In Year 1, the partnership purchased an office building to rent and incurred a nonrecourse debt of $100,000 to a bank paying interest for only 5 years. The debt has no conversion feature. The partnership incurred a loss of $150,000 in Year 1 and a loss of $200,000 in Year 2. How much can Jill deduct each year, ignoring any passive loss rules?

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)

Only the united states has embassies. true or false