Answer: $88,400
Explanation:
My corporation Plc
Corporate tax for the year
Operating incom $250,000
Interest received $10,000
Interest paid ($45,000)
Dividends received $6,000
Taxable income $221,000
Since the tax rate is 40%
Tax= 0.4x($221,000) = $88,400.
NOTES
Taxable income is (250000+10000+6000-45000)
Interest paid is in bracket because it's a deduction.
70% of dividends received is excepted from tax
0.3x20000=$6000
Dividends paid out is after tax has been deducted.
Answer:
Assuming that Hal spends all of his income on honey and milk, the combination of milk and honey that will maximize his total utility is <u>2</u> jars of honey and <u>4</u> gallons of milk.
Explanation:
This question is missing a table that should be as follows:
quantity total util. marginal quantity total util. marginal
of milk from milk utility per $ of honey from honey utility per $
1 32 16 1 44 11
2 60 14 <u> 2 84 10</u>
3 84 12 3 120 9
<u>4 104 10</u> 4 152 8
5 120 8 5 180 7
6 132 6 6 204 6
7 140 4 7 224 5
8 144 2 8 240 4
We should purchase quantities that yield the same marginal utility per dollar spent, options are:
- <u>4 gallons of milk and 2 jars of honey ⇒ total cost = $8 + $8 = $16</u>
- 5 gallons of milk and 4 jars of honey ⇒ total cost = $10 + $16 = $26
- 6 gallons of milk and 6 jars of honey ⇒ total cost = $12 + $24 = $36
- 7 gallons of milk and 8 jars of honey ⇒ total cost = $14 + $32 = $46
Answer:
A. Dr Petty cash fund $500
Cr Cash $500
B. Dr Office supplies expenses $212
Dr miscellaneous selling expense $156
Dr miscellaneous administrative expense $61
Dr Cash short and over 31
Cr Petty cash fund $460
Dr Petty cash fund $460
Cr Cash $460
Explanation:
A. Preparation of the journal entry to establish the petty cash fund.
Dr Petty cash fund $500
Cr Cash $500
(To establish the petty cash fund)
B. Preparation of the journal entry to replenish the petty cash fund.
Dr Office supplies expenses $212
Dr miscellaneous selling expense $156
Dr miscellaneous administrative expense $61
Dr Cash short and over 31
($500-$212+$156+61+$40)
Cr Petty cash fund $460
($212+$156+$61+$31)
(To replenish the petty cash fund)
Dr Petty cash fund $460
($212+$156+$61+$31)
Cr Cash $460
The corporation must provide disclosure documents that generally are the same as those used in registered offerings to any unaccredited investors.
<h3>What is
unaccredited investors?</h3>
Any investor who does not meet the Securities and Exchange Commission's income or net worth requirements is considered a non-accredited investor (SEC).
Because of the limitations described above, many companies discover that raising funds from non-accredited investors often results in incremental professional fees equal to or greater than the amount raised from these investors.
The Securities and Exchange Commission's rules distinguish between "accredited investors" and "non-accredited investors." "Accredited investors" may purchase securities that have not been registered with regulatory authorities, whereas "non-accredited" investors have fewer investment options.
To know more about unaccredited investors follow the link:
brainly.com/question/25300925
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