Four GRRLs Partnership is owned by four girlfriends. Lacy holds a 40% interest; each ofthe others owns 20%. Lacy sells investment property to the partnership for its FMV of$200,000 (Lacy’s basis is $250,000).• How much loss, if any, may Lacy recognize?• If the partnership later sells the property for $260,000, how much gain must itrecognize?• How would your answers change if Lacy owned a 60% interest in thepartnership?• If Lacy’s owned 60% and had basis in the investment property of $120,000instead of $250,000, how much, if any, gain would she recognize on the sale, andhow would the gain be characterized

How did the contribution of the goods producing sector to gdp growth change between 2010 and 2011 a. it fell by 0.3%. b. it fell by 2.3%. c. it rose by 2.3%. d. it rose by 0.6%. the answer is b

Select the correct answer. which is a benefit of planning for your future career? a.being less prepared after high school. b.having higher tuition in college. c.earning college credits in high school. d.ruining your chances of having a successful career.

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?