Jayanthi and krish each own a 50 percent general partner interest in the jk partnership. the following information is available regarding the partnership's 2018 activities: sales revenue $ 560,000 selling expenses 224,000 depreciation expense 42,750 long-term capital gain 13,900 nondeductible expenses 3,000 partnership debts, beginning of the year 124,000 partnership debts, end of the year 147,900 partnership distributions jayanthi 62,000 krish 62,000 a-1. calculate the partnership’s ordinary (nonseparately stated) income. a-2. indicate which items must be separately stated by selecting "yes" and which items must not be separately stated by selecting "no". b. calculate jayanthi’s allocable share of partnership items. c. if jayanthi has no other sources of taxable income, what is her total gross income for 2018? d. at the beginning of the year, jayanthi’s adjusted tax basis in her partnership interest was $46,250. calculate her ending adjusted tax basis in her partnership interest.

Jimmy owns an ice cream parlor. he designs a schedule for the different tasks the employees have to perform in order to prevent monotony at work. according to the schedule, if an employee makes waffle cones on a day, he serves ice creams the next day and clears the tables on the day after that. jimmy is using the approach at his ice cream parlor.

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real