Answer:
$84,000
Explanation:
Based on the Data provided, the Total Income for Kee Holding Corporation is $94,000 whereas the Total Expenses are $10,000. This expense for $10,000 will be deducted for calculating tax on undistributed personal holding company income because it is a Deductible Expense and Deductible Expenses are allowed to be deducted when calculating Tax liability.
Rental Income $ 1,000.00
Commissions $ 3,000.00
Dividends $ 90,000.00
Total Income $ 94,000.00
Deductible Expenses $ 10,000.00
Net Income $ 84,000.00
Answer:
Federal National Mortgage Association, known also as FNMA.
Explanation:
The government established the Federal National Mortgage Association in 1938. Also is known as Fannie Mae.
Is a $1 billion funding, which was designed to increase liquidity in the mortage market. The secondary mortgage market was created. Was a function to created and efficient, fair and stable systems for home loans that worked well for decades.
Today, Fannie Mae buys and guarantees mortgages that adhere to its funding criteria, and then sells them on to investors, such as insurance companies, foreign governments and pension funds as mortgage-backed securities.
Answer: Here in this particular case, people prefer and enjoy both eating fresh fish with tartar sauce and lobster with drawn butter.
Given : A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps untouched.
Therefore, there will be a bountiful supply of Lobster.
whereas;
Fishing requires boat and since they are decimated, therefore there will be decrease in supply.
Hence, <u><em>people will demand more of "drawn butter" in order to compliment lobsters.</em></u>
Answer: Designing, analyzing, and altering plans, prototypes, or structures.
Explanation: Ensuring building plans, prototypes, and structures are operating safely, efficiently, and reliably. Assisting team members with project objectives, budgets, and timelines. Establishing project goals.
Answer:
$900,000
Explanation:
The first step is to calculate the percentage completed
= 600,000/2,000,000
= 0.3
The revenue can be calculated as follows
= 5,000,000 × 0.3
= 1,500,000
Therefore the gross profit for 2020 can be calculated as follows
=1,500,000 -600,000
= $900,000