By using a more fair and objective approach to evaluating employee performance, companies can avoid the legal and reputational risks associated with discriminatory practices like the Activity Based Costing approach.
The issue or problem presented is the ABC approach used by General Electric (GE) for evaluating the performance of its employees. This system required managers to sort all of their subordinates into one of three categories, with the lowest 10 percent losing their jobs even if they were generally seen as having acceptable performance. The issue is that this approach has been accused of age discrimination and has led to lawsuits against companies such as Goodyear and Ford Motor Company.
One way to address or resolve this issue is to use a more fair and objective method for evaluating employee performance. This could involve setting clear and measurable goals for each employee, providing regular feedback and coaching, and offering opportunities for development and growth.
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Imagine an important customer shows up at a hotel that is fully booked, and the reservation is missing. The manager must decide how to respond to the customer. At which level would this decision be made?
An significant client arriving at a fully filled hotel without a reservation would put the decision in the manager's hands.
A business manager is a manager who oversees the activities of a team of workers inside a company or department. They work to maintain the company's productivity, efficiency, and organization at all times by putting operational strategies into place, performing performance evaluations, and supervising all daily operations.
Teams can be led by managers who can give them a trustworthy purpose and direction. It supports staff in achieving their objectives and running daily operations for the business. The following measures for managing projects and possible recruits are also planned.
Thus, as per the situation given it comes under the level of manager's level to make a decision.
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roundtree software is going public using an auction ipo. the firm has received the following bids: price ($) 14.40 14.20 14.00 13.80 13.60 13.40 13.20 number of shares 100,000 200,000 540,000 1,200,000 1,200,000 800,000 400,000 assuming roundtree would like to sell 1.8 million shares in its ipo, what will the winning auction offer price be?
An auction IPO is a type of initial public offering where the price is determined through a bidding process. In the case of Round Tree Software, the firm has received several bids for their IPO, with varying prices and quantities of shares. To determine the winning auction offer price, we need to consider the total number of shares Round Tree Software intends to sell, which is 1.8 million shares.
We can start by calculating the total number of shares bid at each price level. For example, at a bid price of $14.40, there are 100,000 shares bid. At a bid price of $14.20, there are 200,000 shares bid. We can repeat this process for each price level and add up the total number of shares bid.
Once we have the total number of shares bid, we can determine the auction offer price that will allow Round Tree Software to sell 1.8 million shares. We can start by looking at the highest bid price and working our way down until we reach 1.8 million shares. In this case, the winning auction offer price would be $13.20, as this is the lowest bid price at which Round Tree Software can sell 1.8 million shares.
In summary, the winning auction offer price for Round Tree Software's IPO would be $13.20, as this is the lowest bid price at which they can sell 1.8 million shares.
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Amount of the net FUTA tax on Porter's wages
5-1 Partone Company has paid wages of $4,000 to an employee in State A. During the yer the ent taxable salary limitation for its state unemployment tax. The company has a credit of $4. 00 pay State B's
To determine the net FUTA tax on Porter's wages, we need more specific information such as the FUTA tax rate and any applicable exemptions or credits. Without these details, it is not possible to calculate the exact amount of the net FUTA tax.
The FUTA tax is a federal tax imposed on employers to fund unemployment benefits. It is calculated based on the employee's wages and subject to certain limitations and credits. To obtain the net FUTA tax, we would need to consider factors such as the taxable wage base and any applicable state credits or exemptions.
The Federal Unemployment Tax Act (FUTA) is a federal tax that employers must pay to fund unemployment benefits. The FUTA tax rate is generally 6% on the first $7,000 of each employee's wages. However, there are certain exemptions and credits that may affect the net FUTA tax amount.
To calculate the net FUTA tax on Porter's wages, we would need to consider various factors, including the taxable wage base, any applicable state credits or exemptions, and the FUTA tax rate. The taxable wage base is the maximum amount of wages subject to FUTA tax, which is typically $7,000 per employee per year.
Additionally, some states offer credits or exemptions that can reduce the amount of FUTA tax owed. The information provided mentions a credit of $4.00 pay to State B's unemployment tax, but it does not specify how this credit applies to Porter's wages.
Without the specific details of the FUTA tax rate, taxable wage base, and any applicable credits or exemptions, it is not possible to calculate the net FUTA tax on Porter's wages accurately.
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what has the potential to be the most sophisticated means of assessing and calculating risk?
One of the most sophisticated means of assessing and calculating risk is through the use of advanced analytics and predictive modeling.
Advanced analytics involves the application of statistical algorithms, machine learning techniques, and data mining to analyze large datasets and uncover patterns, correlations, and trends. By leveraging these techniques, businesses can gain deeper insights into potential risks and make more accurate predictions about future outcomes.
Predictive modeling, a key component of advanced analytics, uses historical data and statistical methods to forecast future events or behaviors. By building mathematical models based on historical patterns, businesses can assess various risks and make informed decisions.
Sophisticated risk assessment and calculation involve the integration of multiple data sources, the use of complex algorithms, and the consideration of various factors that contribute to risk. These may include financial data, market trends, consumer behavior, external events, and more. By leveraging advanced analytics and predictive modeling, organizations can enhance their risk management strategies, identify potential threats, and develop proactive mitigation plans.
It's important to note that the sophistication of risk assessment techniques continues to evolve as technology advances and new methodologies emerge. Organizations that stay abreast of the latest developments in analytics and risk management can gain a competitive advantage in effectively assessing and managing risks.
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Determine the specific nine-digit Codification citation (XXX-XX-XX-XX) for accounting for each of the following items:
What alternative approaches can be used to estimate variable consideration?
What alternative approaches can be used to estimate the stand-alone selling price of performance obligations that are not sold separately?
What determines the timing of revenue recognition with respect to licenses of symbolic intellectual property?
What indicators suggest that a seller is a principal rather than an agent?
The FASB ASC 606, Revenue from Contracts with Customers, provides guidance on estimating variable consideration in revenue recognition.
The FASB ASC 606 provides guidance on estimating the stand-alone selling price of performance obligations.
The FASB ASC 606 provides indicators to assess whether a seller is a principal or an agent in a transaction.
It is important to consult the relevant accounting standards and seek professional advice to ensure accurate application and interpretation of the guidance in specific situations.
Alternative approaches to estimate variable consideration: The FASB ASC 606, Revenue from Contracts with Customers, provides guidance on estimating variable consideration in revenue recognition. Alternative approaches include using expected value, most likely amount, or the "constraint" method to estimate variable consideration.
Alternative approaches to estimate the stand-alone selling price of performance obligations that are not sold separately: The FASB ASC 606 provides guidance on estimating the stand-alone selling price of performance obligations. Alternative approaches include using observable prices of similar goods or services, adjusted market assessment, expected cost plus margin, or a residual approach.
Timing of revenue recognition for licenses of symbolic intellectual property: The timing of revenue recognition for licenses of symbolic intellectual property is determined by the specific terms and conditions of the license agreement. Generally, revenue is recognized either at a point in time or over time based on the nature of the license and the customer's right to use the intellectual property.
Indicators suggesting a seller is a principal rather than an agent: The FASB ASC 606 provides indicators to assess whether a seller is a principal or an agent in a transaction. Indicators include control over the goods or services, primary responsibility for fulfilling the promise to the customer, and discretion in establishing prices. The evaluation considers the substance of the arrangement to determine whether the seller is the principal in the transaction.
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company value chain activities that ______ should generally not be outsourced.
Company value chain activities that are strategic in nature or involve core competencies should generally not be outsourced.
Outsourcing refers to the practice of contracting out certain business activities or processes to external third-party vendors. outsourcing can provide various benefits such as cost savings and access to specialized expertise, there are certain activities that are better kept in-house.
Strategic activities are those that are crucial for the long-term success and competitive advantage of a company. These activities often involve decision-making, innovation, and setting the overall direction of the business. Examples of strategic activities include strategic planning, product development, and branding. Since these activities directly impact the company's value proposition and differentiation in the market, they are typically not outsourced.
Core competencies are unique strengths or capabilities that give a company a competitive advantage. These competencies are often built over time and may include specialized skills, knowledge, technology, or processes that are integral to the company's success. By keeping core competencies in-house, a company can maintain control and leverage these strengths to create value. Examples of core competencies can vary widely depending on the industry but may include research and development, manufacturing expertise, or customer relationship management.
By retaining strategic activities and core competencies in-house, a company can ensure greater control, flexibility, and alignment with its overall business objectives. Outsourcing non-strategic or non-core activities can still provide benefits by freeing up resources and enabling focus on the areas that truly differentiate the company in the market.
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With the aid of examples discuss the 8 M's of operations
management
The 8 Ms of operations management are: Manpower; Machinery ;Methods ;Materials; Measurement; Mother Nature; Money; Management System.
The 8 Ms of operations management are often used by businesses to develop efficient and effective processes. These 8 Ms of operations management can help businesses identify the critical factors in their operations to help them become more efficient.
Manpower: Manpower refers to the personnel needed to produce a product or perform a service. This M looks at the skill, knowledge, and attitude of the workers.
Machinery: Machinery refers to the equipment used in the production process. This M looks at how well equipment is maintained, what kind of equipment is used, and how often the equipment needs to be replaced.
Methods: Methods refer to the procedures used to produce a product or perform a service. This M looks at how well the procedures are followed and if there are any areas that need to be changed.
Materials: Materials refer to the inputs used to produce a product or perform a service. This M looks at the quality and availability of the materials used.
Measurement: Measurement refers to the metrics used to assess the quality of the product or service. This M looks at how well the product or service meets the customer’s needs.
Mother Nature: Mother Nature refers to the environmental factors that affect the production process. This M looks at how well the production process is able to handle natural disasters, climate change, and other environmental factors.
Money: Money refers to the financial resources needed to produce a product or perform a service. This M looks at the costs of production and how the business can save money.
Management System: Management system refers to the process of managing the production process. This M looks at how well the production process is managed and if there are any areas that need to be changed.
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How is it possible to have a large amount of assets but only modest net worth?
Answer:
one possibility is that you spent more on your assets, than your assets are making. In other words, some assets may have a low or negative net worth
It's possible that you spent more money on the assets than they were earning. To put it another way, some assets could have a low or negative net worth.
What is meant by assets?An asset is a resource with economic value that a person, company, or nation owns or manages in the anticipation that it may one day be valuable. Assets are listed on a company's balance sheet. They are broken down into four groups: present, fixed, financial, and tangible.
In a nutshell, yes cash is the largest asset and a current asset on a company's balance sheet. Using cash, the most liquid asset type, is the simplest way to acquire other assets.
An asset is something or someone that is beneficial or helps a person or organization prosper. Our inventiveness is our greatest asset in the technology field. single-word noun.
Thus, It's possible that you spent more money on the assets than they were earning.
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Crown Holdings Inc. manufactures a high-resolution, full-color digital inkjet printed cans that allows smaller beverage producers to label the cans as they are needed to be filled rather than keeping a stock of preprinted cans. This is an example of how a beverage company could use:
Answer:
Just-in-time (JIT).
Explanation:
In this scenario, Crown Holdings Inc. manufactures a high-resolution, full-color digital inkjet printed cans that allows smaller beverage producers to label the cans as they are needed to be filled rather than keeping a stock of preprinted cans. This is an example of how a beverage company could use just-in-time.
Just-in-time (JIT) is an inventory management method used by a company wherein goods, products, components, and labor are made available exactly when needed or just few hours before they are needed in the production process.
It is an inventory management system that is adopted by companies to reduce wastage to the barest minimum and to increase operational efficiency as goods, materials and labor are scheduled for arrival when needed in the production line. Consequently, this would help to reduce or cut costs associated with storage of materials and inventory costs.
Between the 1960s and 1970s, The concept of just-in-time was developed by Toyota in Japan.
Additionally, in order to maximize the benefits of the just-in-time method, it is very important and essential that their is a proper synchronization between the manufacturer (small beverage producers) and the supplier (Crown Holdings Inc.); manufacturing cycles and the delivery of goods, materials and labor.
1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book
Answer:
E
Explanation:
Creative Sound Systems sold investments, land, and its own common stock for $34.0 million, $14.6 million, and $39.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $20.6 million, $24.6 million, and $11.6 million, respectively. What amount should the company report as net cash flows from investing activities
Answer:Net cash flows provided by investing activities =$12.4 million
Explanation:
Net cash flows from investing activities for Creative Sound Systems:
Cash inflow from sale of investments $34.0million
Add: Cash inflow from sale of land $14.6 million
less: Cash outflow from purchase of equipment ($24.6million)
less :Cash outflow from purchase of patent ($11.6million)
Net cash flows provided by investing activities $12.4 million
" the manager of a car wash must decide whether to have one or two wash lines. one line will mean a fixed cost of $6,000 a month, and two lines will mean a fixed cost of $10,500 a month. each line would be able to process 15 cars an hour. variable costs will be $3 per car, and revenue will be $5.95 per car. the manager projects an average demand of between 14 and 18 cars an hour. would you recommend one or two lines? the car wash is open 300 hours a month"
The concept given here is the Income statement, which shows the company's expenses and revenues for a period. I would recommend two lines because they will be having more profits.
An income statement is one of the three major financial statements that report a company's fiscal performance over a specific account period.
Income Statement
Particulars One-line Two-line
300 hrs in the month, 15 car/hour (15*300*5.95) (30*300*5.95)
Revenue 26,775 53,550
less: variable cost (15*300*3) (30*300*3)
13,500 27,000
Contribution 13,275 26,550
less: fixed cost 6000 10,500
Profit 7,275 16,050
From the income statement, it can be seen that two lines have higher profit than one line.
Dividing the profit of both we get:
one line = 7275/2 = $363.5
two line = 16,050/2 = $8025
So, we can conclude by saying that the two lines will be more profitable.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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a fixed-price contract is useful and appropriate when
Social security and medicare are
O progressive taxes.
payroll taxes.
O local taxes.
corporate taxes.
Answer:
payroll
Explanation:
eg2020
Social security and Medicare are payroll taxes. The taxes that both employees and employers pay on salaries, wages, and tips are referred to as payroll taxes. Thus, option B is correct.
What are payroll taxes?Employers deduct taxes from employee paychecks and send the money to the government. In addition to the employee's portion of Social Security and Medicare taxes (FICA), these taxes also include federal, state, and local income taxes. Employers are responsible for paying both federal and state unemployment taxes, as well as their portion of FICA.
Every employee's wage has payroll taxes deducted from it and sent to the federal government. Payroll taxes in the US are used to pay for Social Security and Medicare. Employers and employees are both required to contribute an equal amount towards Social Security and Medicare taxes. Payroll taxes are a source of funding for the government, certain programs, Social Security.
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The purpose of concept-mapping is to
a.
Identify sequence
c.
Identify relationships
b.
Identify vocabulary
d.
Identify questions
Please select the best answer from the choices provided
A
B
C
D
Answer:
D
Explanation:
Identify questions
Answer: The Answer Is (A)
Explanation: I'm Almost Sure Of This. I Could Be Wrong, And If I Am Wrong, Please Don't Hate Me.
who is ymca's target market?
who are ymca's end-users?
who are ymca's donors?
YMCA's target market is women.
YMCA's end-users are people of all ages.
YMCA's donors can be anyone.
A global youth organization with over 64 million beneficiaries in 120 countries, the YMCA (also referred to as the Y in certain regions) is headquartered in Geneva, Switzerland.
The Y not only offers fitness facilities to strengthen your body and mind, but it also gives you peace of mind by offering the best childcare available. The growth and development of your child's mental, physical, and emotional well-being can be significantly influenced by the correct childcare programs.
In 1844, a farmer-turned-department store employee and his pals met in industrial London to form the first YMCA, a haven for young men seeking safety from the dangers of the streets.
Yes, we are aware that the YMCA audience consists primarily of women between the ages of 35 and 55 who enjoy visiting the shore and who are interested in SUVs (example of X YMCA).
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Can someone PLEASE PLEASE HELP ME WITH THIS!!!!!
Answer:
1. Consumer.
2. Producer.
3. Transportation.
4. Marketing.
5. Harvesting.
6. Processing.
7. Retail/food service.
Explanation:
Food supply continuum can be defined as a cycle of how livestock (animal products) moves from the producer to the consumers. The main goal of the food supply continuum is to safely provide quality animal products to the consumers.
Basically, the seven (7) steps or segments in the food supply continuum include the following;
1. The segment which is responsible for safe handling of the animal product (beef, pork, lamb) in their homes is the consumer.
2. The producer is responsible for raising a healthy animal.
3. The segment which carries the animal from the farm to the market is transportation.
4. The segment which sells the animal to the packer is marketing.
5. The segment which harvests the animal is harvesting. It involves the slaughtering of the animal.
6. The segment which processes the carcasses into retail cuts is processing.
7. The segment which involves a negotiator is the retail/food service.
Price elasticity of demand is useful because it measures _____ responsiveness to changes in _____.
a. taxpayers'; demand
b. producers'; supply
c. consumers'; price
d. consumers'; demand
e. producers'; income
Price elasticity of demand is useful because it measures consumers' responsiveness to changes in price.
What is Price Elasticity?This refers to the effect which occurs as a result of a change of price on a given good and the demand.
Here, we can note that because price elasticity has to do with the response of the customer in relation to the change in price, then we can note that option C is correct.
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Which of the following statements is true of electronic data interchange (EDI)? a. It helps managers understand problems and potential solutions by acquiring and analyzing information with sophisticated models and tools. b. It allows companies to exchange information by purposely providing outsiders with direct access to authorized parts of the company's Intranet c. It works only if the data in different companies' computer, database, and network systems adheres to a particular set of standards for data structure and processing d. It requires human inputs to carry out the interactions between the different purchasing and ordering applications in companies.
The correct option is C. It works only if the data in different companies' computer, database, and network systems adheres to a particular set of standards for data structure and processing is true of electronic data interchange (EDI).
EDI is a technology that enables businesses to exchange information electronically, eliminating the need for paper-based communication. However, for EDI to work efficiently, there must be a standardization of data structure and processing across different companies' computer systems. This standardization ensures that the information exchanged between companies is accurate, consistent, and can be understood by the receiving party's system. In addition, EDI helps managers by providing them with real-time information, which they can use to make informed decisions. Companies benefit from EDI by reducing costs, improving efficiency, and increasing accuracy. Overall, EDI is an essential tool for businesses looking to streamline their operations and improve their bottom line.
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A few year ago, in order to gain market hare, DelRay™, a well-known learning management ytem oftware company ued by many college and univeritie, joined force with WEB Cat™, another learning management ytem oftware company. Both companie were in the ame indutry and originally competed againt one another. In buine, we would call the joining of thee two firm a(n
In business, the joining of thee two firms is called a merger.
A merger is the joining of two separate companies into a single entity. In this scenario, DelRay™ and WEB Cat™ joined forces to gain market share in the learning management system software industry. Mergers can happen for various reasons, such as to increase market share, expand product offerings, reduce competition, or achieve economies of scale. The end result is a single company that combines the resources, expertise, and market presence of both original companies.
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A supererogatory act is an act that is beyond the call of duty.
True
False
On December 31 of the current year, Plunkett Company reported an ending inventory balance of $215,000. The following additional information is also available:Plunkett sold and shipped goods costing $38,000 to Savannah Enterprises on December 28 with shipping terms of FOB shipping point. The goods were not included in the ending inventory amount of $215,000.Plunkett purchased goods costing $44,000 on December 29. The goods were shipped FOB destination and were received by Plunkett on January 2 of the following year. The shipment was a rush order that was supposed to arrive by December 31. These goods were included in the ending inventory balance of $215,000.Plunkett's ending inventory balance of $215,000 included $15,000 of goods being held on consignment from Carole Company. (Plunkett Company is the consignee.)Plunkett's ending inventory balance of $215,000 did not include goods costing $95,000 that were shipped to Plunkett on December 27 with shipping terms of FOB destination and were still in transit at year-end.Based on the above information, the amount that Plunkett should report in ending inventory on December 31 is:_____________A. $194,000B. $209,000C. $200,000D. $171,000E. $156,000
The amount that Plunkett should report in ending inventory on December 31 is: E. $156,000.
Ending inventoryUsing this formula
Ending inventory= Ending inventory balance - FOB destination goods purchased - Goods being held on consignment
Let plug in the formula
Ending inventory= $215,000 - $44,000 - $15,000
Ending inventory= $156,000
Therefore the correct option is E.
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US Government uses
____ income taxes to collect revenue.
be my friend and u get brainly and 100 points
Answer:
hi friend
Explanation:
Question 5 of 10
One example of a short-term savings strategy is:
A. a free checking account.
B. an employer-sponsored 401(k) plan.
C. a low-interest bank account.
D. a high-risk stock market investment.
SUBMIT
Answer:
A. a free checking account.
Explanation:
Saving involves putting money aside in a safe place for future use. Banks and financial institutions offer saving accounts as safe and secure platforms for firms and individuals to save.
A checking account is among the types of savings accounts offered by financial institutions. This type of savings account allows customers to save money that they do not wish to spend immediately. A checking account is risk-free and, therefore, a good strategy for short term saving.
Answer:
a low-interest bank account.
Explanation:
i got this right
PLZ HELP!!!
Alison knows e-mail is an important form of communication when seeking employment. She is going to create an e-mail account for her job search communications. Which of the following e-mail addresses would be most appropriate for Alison to use?
a.
stud_ali
b.
blueeyedqt
c.
rebelprince86
d.
alison.s
Answer:
d. alison.s
Explanation:
It's the most simple and professional. rebelprince86 is to funky. stud_ali is more for a student. and blueeyedqt has nothing to do with her. Brainliest Please!!!
- Hermionia
For the purpose of starting her professional career, Alison must use a simple and professional email address like “alison.s”.
What is an email address?E-mail or electronic mail address is the virtual user destination that ensures and enables communication to and from such user who has access to the email address as such.
For the purpose of employment application, Alison must use a simple and professional email address.
Hence, option D; Alison must use the email address like alison.s, as this will be the most appropriate one to be used.
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conflicts between two mutually exclusive projects occasionally occur, where the npv method ranks one project higher but the irr method puts the other one first. in theory, such conflicts should be resolved in favor of the project with the higher npv. t or f
Theoretically, these disputes ought to be settled in favor of the project with the larger NPV. The given statement is True.
Define an NPV.A set of cash flows is said to have a net present value or net present worth if they occur at diverse times. The present value of a cash flow depends on how long it will be before it occurs. Another element is the discount rate. The temporal value of money is considered by NPV.
Using the internal rate of return is one method of calculating the rate of return on an investment. The formula is "internal" because it does not account for external factors like the risk-free rate, inflation, the cost of capital, or financial risk. Applications of the method can be either ex-post or ex-ante.
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Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?
Explanation:
Naddison
NA
Natson
Naddy
Sharon contributed property to the newly formed QRST Partnership. The property had a $100,000 adjusted basis to Sharon and a $160,000 fair market value on the contribution date. The property was also encumbered by a $90,000 nonrecourse debt, which was transferred to the partnership on that date. Sharon is treated as a general partner. She is allocated 30% of QRST's profits and 20% of QRST's losses. Sharon's basis in the partnership interest after the formation transaction is:
Answer: $37000
Explanation:
Sharon's basis in the partnership interest after the formation transaction is calculated below:
Adjusted basis of property to Sharon = $100,000
Less: Basis in mortgage = $90000 × (100% - 30%) = $90000 × 70% = $63000
Then, Sharon's basis in the partnership interest after the formation transaction will be:
= $100000 - $63000
= $37000