Grobert sells his 30% interest in kashmir partnership on july 1 to jimmy for $80,000. robert's outside basis in kashmir was $50,000 at the start of the year. kashmir recognizes an ordinary loss of $30,000 for the entire calendar year. the partnership agreements calls for kashmir to allocate income or loss using the proration method. how much loss is allocated to robert and what is his basis at the time of sale?

Navel county choppers, inc., is experiencing rapid growth. the company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. the required return on the company’s stock is 10 percent. if the dividend per share just paid was $1.52, what is the stock price?

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.