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Sveta_85 [38]
3 years ago
13

Jones incorporated a sole proprietorship by exchanging all the proprietorship's assets for the stock of nu co., a new corporatio

n. to qualify for tax-free incorporation, jones must be in control of nu immediately after the exchange. what percentage of nu's stock must jones own to qualify as "control" for this purpose?
Business
1 answer:
lorasvet [3.4K]3 years ago
4 0
<span>Jones must own to qualify as "control" for this purpose at least 50% of the outstanding stock of NU Co. The standard states that a business is considered to have control by owning at least 50% of the outstanding stock of another business provided that the other 50% is not wholly owned by a single person.
 </span>
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Organizations commit resources to cross-functional team development to: Group of answer choices give internal users ownership of
astra-53 [7]

Answer: The correct answer is "achieve time, quality, or cost-reduction".

Explanation: Generally, the objective sought by organizations when committing resources for the development of multifunctional equipment is to meet the objectives of time, quality or cost reduction in a variety of tasks.

6 0
4 years ago
A laser surgical tool has a cost basis of $100,000 and a five-year depreciable life. The estimated SV of the laser is $20,000 at
VARVARA [1.3K]

Answer:

The annual depreciation under SL is $16000 per year.

Explanation:

The depreciation expense under Straight Line (SL) method remains constant throughout an asset's useful life. The depreciation under straight line method is calculated by calculating the value of the asset that is eligible for depreciation, which is its cost less the salvage value (SV) and dividing it by the asset's useful life.

The straight line depreciation per year = (Cost - SV) / estimated useful life

Annual depreciation under SL = (100000 - 20000) / 5   = $16000 per year

4 0
3 years ago
The Ramapo Company produces two products, Blinks and Dinks. They are manufactured in two departments, Fabrication and Assembly.
Bond [772]

Answer:

$60 per unit

Explanation:

Total overheads:

= Overheads of fabrication department + Overheads of assembly department

= $90,500 + $109,700

= $200,200

Total labor hours:

= Blinks + Dinks

= (1,013 × 4) +  (1,859 × 5)

= 4,052 + 9,295

= 13,347

Overhead rate per hour = Total overheads ÷ Total labor hours

                                        = $200,200 ÷ 13,347

                                        = $15 per hour

Total overhead cost for blinks:

= Total hours for blinks × rate per hour

= 4,052 × $15 per hour

= $60,780

Overhead cost per unit for Blinks:

= Total overhead cost for blinks ÷ Total units

= $60,780 ÷ 1,013

= $60 per unit

5 0
3 years ago
Will mark BRAINLIEST!!!
nikklg [1K]

Answer:

Netsuite

Hope this answer helps you :)

Have a great day

mark brainliest

8 0
3 years ago
______ is the illegal buying or selling of a company's stock by people using confidential company information.
Dmitry_Shevchenko [17]
I believe it is "Insider Trading".
4 0
3 years ago
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