Answer:
a. $293,000
b. $203,000
Explanation:
a. What is Robert's qualified business income?
Robert's qualified business income is the net income minus Robert's salary. Since the salary of $87,900 has already been deducted, $293,000 is Robert's qualified business income.
b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?
Extra deductible salary = $177,900 - $87,900 = $90,000
New Robert's qualified business income = $293,000 - $90,000 = $203,000
Answer:
The journal entry to record the issuance of bond is shown as:
Dr Bank $783,845
Cr Bonds payable $700000
Cr Bonds premium $83845
Being issuance of bonds for cash
Subsequently,coupon interest is calculated is on the par value of $700000 at 11% while effective interest of 8% is calculated on $783,845
Explanation:
Upon issuance of the bonds,the receipt of cash of $783,845 is debited to bank account as an increase in asset.
The obligation to redeem the bond on 1 January 2025 is credited to bonds payable at par value of $700000(an increase in liability)
However, cash received is more by $83,845 which is credited to bonds premium account.
The Competition among economic units diffuses economic power within the businesses and households that make up the economy.
<h3>What is Economy?</h3>
Economy refers to the area or the region which produces the goods and services. It implies to the wealth and the resources of the nation. It involves the management of the finances. for example :- the stock market system of the United States.
The competition among the business leads to the innovation of the new products and the services which in turn is beneficial for the customers. It diffuses the economic power as the income earned gores in the market and the household.
Thus it helps in the economic growth of the nation. Therefore the correct option is diffuses economic power within the businesses and households that make up the economy.
Learn more about Economy here:
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Answer:
The correct answer is: Sustainable entrepreneurship.
Explanation:
Sustainable entrepreneurship represents the identification, creation, and exploitation of ventures that generate sustainability by implementing activities towards the improvement of the investment surrounding environment during the long term. This implies providing society with long-lasting goods and corporate values all this taking care of the resources necessary to do so for upcoming generations.
Answer:
Unit product cost= $95
Explanation:
Giving the following information:
Direct materials $30 per unit
Direct labor $45 per unit
Variable manufacturing overhead $20 per unit
<u>Under the variable costing method, the unit product cost is calculated using the direct material, direct labor, and variable manufacturing overhead:</u>
<u></u>
Unit product cost= 30 + 45 + 20= $95
