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Scorpion4ik [409]
3 years ago
13

Which of the following will prevent a corporation from qualifying as an S corporation?A. Deriving more than 40% of its gross rec

eipts from passive income sources.B. Having a partnership as a shareholder.C. Owning more than 50% of the stock of a domestic corporation.D. Having 100 shareholders.
Business
1 answer:
Semenov [28]3 years ago
5 0

Answer:

Having a partnership as a shareholder.

Explanation:

An S corporation or an S sub-chapter is a small business corporation that has been allowed by the Internal Revenue Services(IRS) to file its tax as a corporation. IRS recognizes an S corporation as a legal form of business ownership. An S corporation may elect to pass its income and losses deductions directly to the shareholders for federal tax purposes.

For a small business corporation to qualify as an S corporation, it must meet specific requirements. Some of the requirements include

  1. Shareholders should be individuals, certain trusts, estates, and specific exempt organizations. Shareholders can not be corporations or partnerships.
  2. Shareholders must be US residents or citizens
  3. The Entity should not have more than 100 shareholders.

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a certain value has a standardized score = 1.75. how many standard deviations from the mean does this value fall? is this value
stepladder [879]

Based on the fact that the value has a standardized score of 1.75, this means that the value is 1.75 greater than the mean.

<h3>What is a standardized score?</h3>

The standardized score of a value is meant to show the value's position relative to the mean value of the data set.

A value with a standardized score of 1.75 is therefore 1.75 standard deviations above the mean.

Find out more standardized scores at brainly.com/question/12406305.

#SPJ11

3 0
2 years ago
Standlar Company makes and sells wireless speakers. The price of the standard model is $360 and its variable expenses are $210.
Vladimir79 [104]

Total contribution margin = $3,000, standard models sold at break even=800, deluxe models sold at break even=400, superior models sold at break even=100

<u>Explanation:</u>

1.Using sales mix stated in the fact from Figure to form a package what is the total contribution margin?

total contribution margin  =($150 multiply 8) plus ($200 multiply 4) plus ($1,000 multiply 1)  = $3,000

2.Refer to Figure, What is the number of standard models sold at break even.

break even units  =Fixed cost divide contribution margin per package

= $300,000 divide $3000  =100 package  standard models sold at break even=100 package multiply 8 = 800

2.Refer to Figure, What is the number of deluxe models sold at break even.

break even units

=Fixed cost divide contribution margin per package  = $300,000 divide $3000

=100 package  deluxe models sold at break even = 100 package multiply 4

6 0
3 years ago
If GNP is $200 billion, receipts of factor income from the rest of the world are $10 billion, and payments of factor income to t
PSYCHO15rus [73]

Answer:

$220 billion

Explanation:

GNP is $200 billion

Factor income from the rest of the world is $10 billion

Factor income to the rest of the world is $30 billion

Therefore the GDP can be calculated as follows

= $200 billion + (30 billion- 10billion)

= $200 billion + 20 billion

= $220 billion

Hence the GDP is $220 billion

5 0
3 years ago
Utica Corporation paid $360,000 to purchase land and a building. An appraisal showed that the land is worth $100,000 and the bui
pashok25 [27]

Answer:

Land        90,000 debit

Building 270,000 debit

   Cash                  360,000 credit

--to record the purchase of land and a building atached to the ground--

Explanation:

To know the values we will calcualte the weights of each concept according to their fair values.

Then, we multiply these weight by the actual amount at which we purchased.

Land           100,000

Building   <u>  300,000   </u>

Total           400,000

land weight: 100,000/400,000 = 25%

buidling weight: 300,000 / 400,000 = 75%

land enter the accounting as 25% of 360,000 = 90,000

building will we posted as 75% of 360,000 = 270,000

5 0
4 years ago
If there are 200 rooms and the operating costs are $20,000 plus a cleaning fee of $5 per room per day, compute the profit during
Ne4ueva [31]

Answer:

$28,007,000

Explanation:

Number of rooms                                          =  200

Daily operating expenses for one room     = $20,000 + Cleaning fee

Daily operating expenses for one room    = $20,000 + $5

                                                                      = $20,005

One week period                                          = 7 days

Daily operating expenses for 200 rooms   = Daily operating expenses for  

                                                                         one room X  Number of rooms

                                                                       = $20,005 X 200

                                                                       = $4,001,000

Operating expenses for one-week period  = Daily operating expenses for

                                                                           200 rooms X 7

                                                                        = $4,001,000 X 7

                                                                        = $28,007,000

                                                                         

6 0
3 years ago
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