Patrick purchases a one-third interest in the PPP partnership for $600,000. The partnership has assets with a value of $1,500,000. PPP has a 754 election in effect. What is the amount of the basis adjustment?
A) $0
B) $300,000 increase in the basis of partnership assets
C) $100,000 increase in Patrick's basis in the partnership assets
D) $100,000 increase in Patrick's share of the basis in the partnership assets
D) $100,000 increase in Patrick's share of the basis in the partnership assets
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Which of the following is an example of the "curse of knowledge"?
A. A writer with a large vocabulary writers a novel using many words that the average reader cannot understand. B. A plumber brings every tool he owns to a job, just to make sure he has everything he could possibly need to do the job in one visit. C. An experienced programmer points out a sequence of code that is likely to cause problems when the program is run. D. A developer of iPhone apps develops several apps that nobody wants. E. An experienced physician leaves private practice and becomes an X-ray technician.
A decline in the availability of bicycle handle bars will decrease Huffy Bicycle Company's production of bicycles. This decreased production in turn will reduce Huffy's demand for bicycle seats. This scenario illustrates_____ demand
a. inelastic b. joint c. elastic d. fluctuating
If an assignment problem consists of 6 workers and 7 projects:
A) one worker will not get a project assignment. B) one worker will be assigned two projects. C) each worker will contribute work toward the seventh project. D) one project will not get a worker assigned. E) The problem cannot be solved by assignment method.
A method to measure how well predictions fit actual data is
A) decomposition B) smoothing C) tracking signal D) regression E) moving average