Answer:
The corporation must recognize a $10,000 loss.
Explanation:
The last activity that a corporation must perform upon liquidation is to distribute property, assets or cash to its shareholders. The adjusted basis for any property or assets handed out in a complete liquidation is the fair market value of the property or assets.
In this case, the corporation's property had a basis of $40,000 but a fair market value of $30,000, so the distribution was done using the fair market value of $30,000.
Answer:
$56,000 Favorable
Explanation:
The computation of the flexible-budget amount for variable manufacturing overhead is shown below
The Budgeted machine hours per unit os
= 24,000 ÷ 8,000
= 3
The Budgeted machine hours allowed for 8,500 units is
= 8,500 × 3
= 25,500
Now the Budgeted variable overhead rate per machine hour is
= $288,000 ÷ 24,000
= $12.00
Now
Flexible-budget amount is
= 25,500 × $12.00
= $306,000
So, the Flexible-budget variance is
= $250,000 - $306,000
= $56,000 Favorable
Answer:
D. Current assets minus merchandise inventory.
Explanation:
Answer:
A, discrimination and fairness paradigm
Explanation:
Discrimination and fairness paradigm is a model for ensuring that equal opportunities, fairness, employment of underrepresented groups, etc are one of the ways of measuring the success of an organization.
Like in the question, these above classes of persons or employees are a measure of success as it tends to show or bring about the fair treatment as well as encourage diversity in the organization.
A disadvantage of the discrimination and fairness paradigm is that the diversity of the organization remains shallow or on the surface level.
Cheers.
Answer:
FV= 1,243,119.12
Explanation:
Giving the following information:
Annual deposit= $78,000
Number of periods= 10 years
Interest rate= 0.1
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {78,000*[(1.1^10) - 1]} / 0.1
FV= 1,243,119.12