A, b and c decide to form a partnership for the purpose of developing real property. a and b are wealthy individuals, with no particular real estate experience. c is an experienced developer. the parties agree that a and b will each contribute $1,000,000 to the venture, and that c will contribute his expertise. what tax consequences will result from formation of the venture under each of the following alternatives? (a) in exchange for cash contributions of $1,000,000 apiece, a and b each receive a forty percent interest in the profits, losses and capital of the venture. in exchange for his future services c receives the remaining 20% interest in profits, losses and capital.
(b) in exchange for their cash contributions a and b each receive a 50% interest in capital and losses. profits of the venture are divided 40% to a, 40% to b, and 20% to c.

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

What is the key to success in integrating both lethal and nonlethal activities during planning? including stakeholders once a comprehensive operational approach has been determined knowing the commander's decision making processes and "touch points" including stakeholders from the very beginning of the design and planning process including the liaison officers (lnos) in all the decision points?

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance