Erica and brett decide to form their new motorcycle business as an llc. each will receive an equal profits (loss) interest by contributing cash, property, or both. in addition to the members' contributions, their llc will obtain a $53,000 nonrecourse loan from first bank at the time it is formed. brett contributes cash of $6,500 and a building he bought as a storefront for the motorcycles. the building has a fmv of $48,000, an adjusted basis of $33,000, and is secured by a $38,000 nonrecourse mortgage that the llc will assume. what is brett's outside tax basis in his llc interest?

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Suppose for a consumer the marginal utility (mu) of bread is 20 utils and the mu of milk is 10 utils; the price of bread is $3 and the price of milk is $1. given this, a. more utility per dollar is gained from consuming bread than milk. b. more utility per dollar is gained from consuming milk than bread. c. the same amount of utility per dollar is gained from consuming milk as bread. d. the consumer is in consumer equilibrium.

Acolleague from the plant in germany has arrived at the chicago plant to share insights on a recent product line changeover implemented in germany. this changeover has saved thousands of euros at the german facility, but jim does not think it will work in the united states. jim feels that there is a completely different attitude towards work and innovation in the u.s., and in fact, thinks the german facility is technologically behind his plant. additionally, the colleague often mispronounces words when he speaks english, and doesn't dress appropriately for the u.s. office. he showed up to work on the plant floor in a formal suit and tie, with dress shoes that had a slippery sole. however, the colleague is a guest, and it is important that jim pretends to be interested. identify the listening barriers. check all that apply. thought speed grandstanding faking attention nonverbal distractions psychological barriers