Marcus, a resident of austin, texas, has found the ideal gift for his wife in celebration of their upcoming wedding anniversary—a $22,000 diamond bracelet. however, marcus is appalled at the prospect of paying the state and local sales tax of $1,815 (combined rate of 8.25 percent). therefore, he asks his aunt, a resident of montana, to purchase the bracelet. the jewelry store lists the aunt as the buyer and ships the bracelet to her, with no sales tax owed on the transaction. prior to the anniversary, marcus receives the bracelet from his aunt. is marcus able to save $1,815 on the present for his wife? what can go wrong?

The partnership of douglas, ryan, and ellen has dissolved and is in the process of liquidation. on july 1, 2016, just before the second cash distribution, the assets and equities of the partnership along with profit and loss sharing ratios were as follows: cash $30,000receivable - net $20,000inventories $25,000equipment - net $30,000total assets $80,000liabilities $12,000douglas, capital (20%) $28,000ryan, capital (50%) $24,000ellen, capital (30%) $16,000total liab./equity $80,000assume that the available cash is distributed immediately, except for a $2,000 contingency fund that is withheld pending complete liquidation of the partnership. how much cash should be paid to each of the partners? a. $3,200 douglas, $8,000 ryan, $4,800 ellenb. $5,600 douglas, $14,000 ryan, $8,400 ellenc. $16,000 douglas, $0 ryan, $0 ellend. $8,000 douglas, $0 ryan, $8,000 ellen