Frank and bob are equal members in soxy socks, llc. when forming the llc, frank contributed $50,000 in cash and $50,000 worth of equipment. frank's adjusted basis in the equipment was $35,000. bob contributed $50,000 in cash and $50,000 worth of land. bob's adjusted basis in the land was $30,000. on 3/15/x4, soxy socks sells the land bob contributed for $60,000. how much gain (loss) related to this transaction will bob report on his x4 return?

You should do all of the following before a job interview except

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%

Iceberg storage, a leading hard drive manufacturer, recently filed for bankruptcy. while most of iceberg's competitors were shifting away from physical data storage devices toward online cloud storage services, iceberg invested most of its retained earnings in the effort to improve its hard drives. once the hard-drive market drastically declined, iceberg storage was unable to capitalize on the new technology. which of the following does this scenario best illustrate a. causal ambiguity b. knowledge diffusion c. social complexity d. path dependence