Victor is a one-third partner in the VRX Partnership, with an outside basis of $236,800 on January 1. Victor sells his partnership interest to Raj on January 1 for $287,000 cash. The VRX Partnership has the following assets and no liabilities as of January 1: (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Basis FMV
Cash $ 38,800 $ 38,800
Accounts receivable 0 20,400
Inventory 125,500 147,100
Equipment 299,250 373,950
Stock investment 69,600 101,700
Totals $ 533,150 $ 681,950

The equipment was purchased for $399,000 and the partnership has taken $99,750 of depreciation. The stock was purchased seven years ago. What is the amount and character of Victor's gain or loss on the sale of his partnership interest?

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins