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Oduvanchick [21]
3 years ago
9

Which one of the following statements is CORRECT? A Since companies can deduct dividends paid but not interest paid, our tax sys

tem favors the use of equity financing over debt financing, and this causes companies’ debt ratios to be lower than they would be if interest and dividends were both deductible. B Interest paid to an individual is counted as income for federal tax purposes and taxed at the individual’s regular tax rate, which in 2008 could go up to 35%, but dividends received were taxed at a maximum rate of 15%. C The maximum federal tax rate on corporate income in 2008 was 50%. D The maximum federal tax rate on personal income in 2008 was 50%.
Business
1 answer:
nevsk [136]3 years ago
5 0

Answer: B. Interest paid to an individual is counted as income for federal tax purposes and taxed at the individual’s regular tax rate, which in 2008 could go up to 35%, but dividends received were taxed at a maximum rate of 15%.

Explanation:

Interest received by individuals is considered gross income and as such is eligible for taxation.

The tax rate is dependant on the income of the Individual's income which in 2005 was up to 35% but is now up to 39.6%.

Dividends received however are taxed up to 15%.

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Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven
miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = \frac{Cost \: of\: goods\: sold}{Average\: Inventory}

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = \frac{15,000,000}{2,000,000}

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

8 0
3 years ago
Under what conditions do you think extraverts make more effective leaders than introverts? What unique abilities of introverts c
vfiekz [6]

When they have to interact with peers and large groups of people, extraverts can be better leaders. Extraversion is characterized by talkativeness, gregariousness, and exuberance.

A person who possesses these characteristics is better able to solve problems and think critically while communicating with others and in groups.

<h3>Why are extraverts better leaders than introverts?</h3>

In certain business situations, the ability of extroverts to make decisions quickly can be extremely advantageous. They get to know the people on their team quickly and aren't afraid to say what's on their mind, so they can easily hold everyone accountable and win their trust and loyalty.

To learn more about Extraversion here

brainly.com/question/28544047

#SPJ1

3 0
1 year ago
Regency Inn leased a rental office in the lobby of its hotel to Americar, a car rental agency. Wagner rented a car from Americar
WINSTONCH [101]

Answer:

The court ruled against both Americar and Regency Inn, and then Regency Inn won its case against Americar. The nuisance case itself is pretty unpleasant, so it's not worth referring to it.

The fundamentals for the ruling against Americar were that they themselves had drafted the lease agreement and that the clause included in the lease agreement by which they agreed to indemnify Regency Inn was valid. The original lease term had already expired, but Americar continued to lease the offices on a monthly basis. Since they never left the place, the clauses in the original agreement were still valid even though the lease changed to a monthly basis. I.e. if you sign a lease contract and after the original contract is over, you continue to lease the same place, then the clauses from the original contract still apply.

The clause stated that Americar was liable for damages that took place on the leased premises or in their proximity, i.e. the area near their offices. The parking lot was considered to be in the proximity of Americar's offices.

3 0
3 years ago
Final Examination Hide or show questions Calculator Problem 9-23 (b) (LO. 2) Ricardo, who is self-employed, uses his automobile
Anna35 [415]

Answer:

Explanation:

a) actual cost method:-

=deductions × percentage

= 345 + 205 + 85% (2800 + 275 + 180 + 1890 +3600 +4125 )

=550 + 10939.5

=11489.5 = 11490

Note :- fines are not taken.

b) automatic mileage method:-

=total number of business miles × standard rate

=32200×0.58 +345+205

=19226

5 0
3 years ago
Ben is reviewing a chart that shows all of the employees at his company. This document includes information about who reports to
aivan3 [116]

Answer: Organization chart

Explanation:

The organization chart is a diagram that shows the relation among the employees in an organization. The organization chart is also used to show the relationship that exists between the departments in an organization or and also shows their functions.

Organization chart can be used as a management tool that is used for planning purposes, and can also be used as a personnel directory.

The purpose of an organization chart is to illustrate the chais of command and reporting relationships that exist within an organization.

8 0
2 years ago
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