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Mama L [17]
3 years ago
6

Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $49,000 to J.D. His

basis in his Clampett, Inc., stock on January 1, 2020, was $48,000. For 2020, J.D. was allocated $12,000 of ordinary income from Clampett, Inc., and no separately stated items. What is J.D.'s basis in his Clampett, Inc., stock after all transactions in 2020
Business
1 answer:
maria [59]3 years ago
4 0

Answer:

$11,000

Explanation:

The basis an investment refers to the asset's original value which is adjusted for capital distributions, stock slits, and dividends.

The J.D.'s basis in his Clampett, Inc. stock after all transactions in 2020 can therefore be computed by adjusting the original basis as follows:

Basis after all the 2020 transactions = Original basis or 1 Jan. 2020 basis + Allocated income - Distribution = $48,000 + $12,000 - $49,000 = $11,000

Therefore, .D.'s basis in his Clampett, Inc., stock after all transactions in 2020 is $11,000.

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Because there are some positive aspects of bureaucracy, as proposed by Max Weber, Tammy, a restaurant manager, is interested in
dexar [7]

Answer:D) Rational, efficient, ideal organization based on principles of logic.

Explanation:Max Weber was a modern twentieth century Sociologist who proposed the Bereaucracy theory, according to Max Weber, Bereaucracy is the basis for the systematic formation of an organisation and Bereaucracy is designed to ensure efficiency and economic effectiveness is achieved. According to Max Weber, Bereaucracy is an ideal model for management and its administration to bring an organisation's power structure into focus when executing jobs or activities.

Like Max Weber, Tammy shares the same view that Bereaucracy is a Rational, efficient, ideal organization based on principles of logic.

7 0
3 years ago
Samantha, who is single and has MAGI of $36,000, recently was employed by an accounting firm. During the year, she spends $1,650
jek_recluse [69]

Answer:

a) $0

b) $4,000

Explanation:

a)

No deduction will be allowed to samantha for the amount spent on CPA exam review course.

So, Samantha can deduct $0.

b)

Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.

So, Samantha can deduct $4,000.

Hope this helps!

7 0
2 years ago
Use the information below to answer the following questions. Currency per U.S. $ Australia dollar 1.2377 6-months forward 1.2356
NikAS [45]

Answer:

Missing word <em>"a. What must the six-month risk-free rate be in Japan"</em>

<em />

a. Spot rate = 1 US $ = 1.2377 Aus.dollar

Forward rate = 1 US $ = 1.2356 Aus.dollar

<u>1.2356</u> = <u>(1 + i Ad)</u>

1.2377     (1 + 0.05)

0.9983 * (1.05) = 1 + i.Ad

1.048215 = 1 + i.Ad

i.Ad = 1.048215 - 1

i.Ad = 0.048215

i.Ad = 4.82%

b. Spot rate = 1 US $ = 100.3300 Japan Yen

Forward rate = 1 US $ = 100.0500 Japan Yen

<u>100.0500</u> = <u>(1 + i Ad)</u>

100.3300     (1 + 0.05)

0.9972 * (1.05) = 1 + i.Ad

1.04706 = 1 + i.Ad

i.Ad = 1.04706 - 1

i.Ad = 0.04706

i.Ad = 4.71%

4 0
2 years ago
Of money's three functions, the one that distinguishes money from other assets is its function as a a. store of value. b. unit o
tiny-mole [99]

The one that distinguishes money from the other assets is that it is used as a medium of exchange

Explanation:

Money is one of the most important factor in our day to day lives it has become as defining the country's economic standard and it is widely accepted all over the world

Money is used as the medium of exchange because we can buy all the necessary things using the money and can use it as a medium to exchange of goods and services. There are also other important functions as the method of comparing the values

4 0
2 years ago
As a manager seeks to develop her leadership skills, she should be aware that:
avanturin [10]

Answer:

b. Many different styles of leadership can be effective.

Explanation:

Leadership is the ability of a person to motivate others to deliver on set goals and objectives.

Depending.on the organisation, the goals to be achieved, needs of the followers, and the personality of the leader.

There are different leadership styles that are all effective depending on the situation

Authoritative leaders states the way things should be done with little input from the team.

Democratic leadership is when the leader gets feedback from the team and uses it to make decisions.

Free rein is when the leader allows the team do what they like in achieving goals.

Task oriented leadership focuses mainly on the task at hand.

7 0
3 years ago
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