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At the beginning of the tax year, Melodie's basis in the MIP LLC was $60,000, including Melodie's $40,000 share of the LLC's liabilities. At the end of the year, MIP distributed to Melodie cash of $10,000 and inventory (bais of $6,000, fair market value of $10,000). MIP repaid all of its liabilities by the end of the year.
a. If this is a proportionate nonliquiding distribution, what is the tax effect of the distribution to Melodie and MIP? After the distribution, what is Melodie's basis in the inventory and in her MIP interest?
b. Would your answers to (a) change if this had been a proportionate liquidating distribution? Explain.
Marston Marble Corporation is considering a merger with the Conroy Concrete Company. Conroy is a publicly traded company, and its beta is 1.30. Conroy has been barely profitable, so it has paid an average of only 20% in taxes during the last several ..
The inflation rates in the British pound and the Australian dollar are 2% and 8% respectively. What should the expected spot rate /Forward ER be, if the Spot ER is BP/ A$ .1? Describe the concept of purchasing power.
Standard costs of products produced in the same production cell. Colt Controls has a lean production cell dedicated to producing product A, a small circuit board. They have decided to produce a second circuit board, product B, in the same production ..
As an individual with available liquidity on hand you have a choice to make an investment in a company. You may choose to purchase a bond or purchase stock. What is your thought process in order to make a decision? What do you want to review in the c..
the exchange rate between the us dollar and the swiss franc is sf1.31 and the exchange rate betweent he dollar and the
Project Sigma requires an investment of $1 million and has a NPV of $10. Project Delta requires an investment of $500,000 and has a NPV of $150,000. The projects involve unrelated new product lines.
Find a 95% confidence interval for the average width of an elevator rail. - Do you need to assume that the widths of elevator rails are normally distributed?
Write a case study of a firm that has issued convertible securities (preferred or bond). Discuss why the firm issued the convertible securities. Discuss problems that firm had in issuing the convertible securities. Review a convertible bond issued. D..
Give an example of where a merger or acquisition did not produce the anticipated results originally desired. Briefly describe why it failed and what lessons can be learned from its failure?
Consider the following information about three stocks: Rate of Return If State Occurs State of Probability of Economy State of Economy Stock A Stock B Stock C Boom .22 .30 .42 .58 Normal .46 .23 .21 .19 Bust .32 .01 −.22 −.50 a-1 If your portfolio is..
Union Local School District has bonds outstanding with a coupon rate of 3.2 percent paid semiannually and 21 years to maturity. The yield to maturity on these bonds is 3.5 percent and the bonds have a par value of $5,000. What is the price of the bon..
Has anybody worked on the "Continental Carriers, Inc." case study? If so, what's the best response to the following question? How should the acquisition of Midland Freight be financed, taking into account to cost of comparisons and other appropriate ..
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