Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several years ago for $57,000. At the beginning of year 1, Molly has tax basis and an at-risk amount of $19,000. In year 1, Beau Geste incurs a loss of $225,000 and does not make any distributions to the partners. • In year 1, Molly's AGI (excluding any income or loss from Beau Geste) is $66,200. This includes $16,700 of passive income from other passive activities.
• In year 2, Beau Geste earns income of $31,800. In addition, Molly contributes an additional $44,260 to Beau Geste during year 2. Molly's AGI in year 2 is $71,900 (excluding any income or loss from Beau Geste). This amount includes $14,480 in income from her other passive investments.
Based on the above information, complete the following tables:
A. At risk Amount Initial Year 1 Amount Allowed loss: End of year 1 at risk amount Contribution for year 2 BG Income Allowed loss: End of year 2 at risk amount
Year 1 Total Loss At Risk Allowed At Risk Disallowed
Year 2 Total Loss At Risk Allowed At risk Disallowed
Year 1 Passive Activity Loss Allowed, Passive Activity Loss Disallowed
B. What are the cumulative total passive suspended losses at the end of year 2?
Cumulative total passive suspended losses
Year 2 AGI: AGI before Beau Geste, Year 2 passive income from Beau Geste, Year 2 allowed passive losses, Year 2 AGI.

After creating an organizational strategy based on porter’s models, a company can a) create process models. b) calculate inputs and outputs. c) examine market structure. d) develop information systems. only answer if you're positive! you!

Lin corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. the company’s monthly fixed expense is $32,400. required: 1. calculate the unit sales needed to attain a target profit of $5,000. (do not round intermediate calculations.) 2. calculate the dollar sales needed to attain a target profit of $8,400.

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."