Answer:
No
Explanation:
Suzie's situation isn't workable because she is meant to be under the direct supervision of her broker no matter what her personal preference for independence.
This is because should anything go wrong in any of her dealings, the brokers's license will be revoked. This means that the broker is directly responsible and accountable for her actions and as such must ensure that she is present at the office at all times.
Cheers.
Answer:
$720,000
Explanation:
The total budgeted selling and administrative expenses is made up of both fixed and variable components. The variable component of the cost is dependent on the budgeted number of units to be sold.
Total variable cost budgeted
= 58000 ( $1 + $3 + $4 +$2)
= $580,000
Total fixed cost = $10,000 + $120,000 + $4,000 + $6,000
= $140,000
total budgeted selling and administrative expenses for October
= $580,000 + $140,000
= $720,000
Answer:
Timeline and tagging settings
Explanation:
Timeline and tagging settings is a feature in social media applications such as Face-book, Twi-tter, Insta-gram etc. that allows you to control being linked to other people's posts.
When this settings is properly configured, you will only be linked to the posts of people you allowed, in this case it will be your mutual friends rather than the general public.
Answer:
C. Ron’s basis in his stock is $27,000
Explanation:
Income recognized on services rendered $21,000
Add basis of $6,000
Ron stock basis $27,000
The property contributed by Ron is not considered insignificant compared to the value of the services he has rendered, which is why the entire contribution is counted as being for property.
Hence, the control requirement is satisfied and a valid § 351 transaction results. Ron’s stock basis is $27,000 [$6,000 (basis of cattle transferred) + $21,000 (income recognized on services rendered)]
Answer:
$25,400
Explanation:
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
The movement in the retained earnings balance may be expressed as
Opening balance + net income - cash dividend paid = closing retained earnings balance
Cash dividend declared - Cash dividend paid = Cash dividend payable
$49,000 - Cash dividend paid = $23,600
Cash dividend paid = $49,000 - $23,600
= $25,400
