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Crank
3 years ago
8

Which of the following is TRUE of a partnership and a​ corporation? A. In a​ partnership, income is taxed once at the individual

​ level; whereas, in a​ corporation, income is taxed twice. B. In a​ corporation, income is taxed at the corporate​ level; whereas, in a​ partnership, income is taxed twice. C. Income from both forms of organizations are doubledashtaxed. D. In a​ partnership, income is exempted from tax up to​ $10 million;​ whereas, in a​ corporation, income is taxed twice.
Business
1 answer:
bixtya [17]3 years ago
4 0

Answer: A. In a​ partnership, income is taxed once at the individual​ level; whereas, in a​ corporation, income is taxed twice.

Explanation: Hi, a corporation is considered a legal entity for tax purposes, so it pays taxes based on the corporate tax rate for their income. But also the shareholders pay taxes based on the individual tax rate for the dividends payments received.  There is a double taxation .

A partnership is a collection of individuals that come together, the partners are personally liable for the business’s obligations. So, each partner pays taxes based on the individual tax rate for the incomes.

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Henry is a manager in an operations department in a computer manufacturing company. He thoroughly studied the production process
Fynjy0 [20]

Answer:

d. Scientific management.

Explanation:

The management theory used by Henry in this case is scientific management, which can be understood as an administrative model created by Taylor.

The main objective of scientific management is to make work more efficient using less resources and efforts, that is, making work more flexible by rationalizing work and implementing scientific techniques and training employees so that there is efficiency and effectiveness in organizational processes, with the lowest cost, time and continuous improvement.

4 0
3 years ago
Accounts Receivable Analysis A company reports the following: Sales $1,500,000 Average accounts receivable (net) 100,000 Determi
Fudgin [204]

Answer:

A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.

Explanation:

A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =

NET SALES   /   AVERAGE ACCOUNT RECEIVABLES

Given information -

Net sales = $1500,000

Average account receivables = $100,000

Putting the values in formula -

= $1500,000  /   $100,000

= 15

B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =

365 / ACCOUNT RECEIVABLES TURNOVER

= 365 / 15

= 24.3 DAYS

8 0
3 years ago
give an example of a fairly major purchasing decision you've made in your lifetime. how did you justify the purchase? How did yo
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I bought an apartment with my boyfriend last year because we had been dating for 4 years and he proposed. In order to prepare, we saved up our money, asked the bank for their opinion on the best coarse of action financially, and we tried to decide how much of our savings we should use without being irresponsible. (This is just an example. I am 15 and will be forever alone but yea this is what I would do anyways)
8 0
3 years ago
Read 2 more answers
"The Marlene Doll Co. uses a process costing system. Consider the following data for Dept. A. UNITS: W-1-P Nov. 1: 8,000 units,
Law Incorporation [45]

Answer:

The Marlene Doll Co.

Weighted-AVerage Method

Cost of production:

COSTS: W-1-P Nov. 1:                    $9,600         $4,800

Costs added in November:           15,600         14,400

Total costs for the month          $25,500       $19,200

Equivalent units of production:

                                       Units   Materials  Conversion

Transferred to Dept B: 12,000     12,000        12,000

W-1-P Nov. 30:               6,000       6,000         3,000

Equivalent units                            18,000        15,000

Cost per equivalent units:

                                            Materials    Conversion

Total costs for the month   $25,500       $19,200

Equivalent units                      18,000         15,000

Cost per equivalent unit       $1.42           $1.28

Costs assigned to:

Units Transferred to Dept B:  $17,040      $15,360              $32,400

                                     (12,000 *$1.42)     (12,000 * $1.28)  

W-1-P Nov. 30:                           8,520           3,840                 12,360

                                     (6,000 *$1.42)     (3,000 * $1.28)

Total costs assigned           $25,560       $19,200              $44,760

 

FIFO Method

Equivalent units of production:

                                                Units   Materials  Conversion

W-1-P Nov. 1:                           8,000      0 (0%)        2,000  (25%)

Units started & completed: 10,000     10,000        10,000

W-1-P Nov. 30:                       6,000      6,000         3,000

Equivalent units                                   16,000        15,000

Cost per equivalent units:

                                            Materials    Conversion

Total costs for the month    $15,600         14,400

Equivalent units                      16,000        15,000

Cost per equivalent unit       $0.975        $0.96

Costs assigned this month to:

Work-in-Process                      $0                 $1,920                $1,920

                                     (0 *$0.975)         (2,000 * $0.96)  

Units completed                      $9,750        $9,600              $19,350

                                     (10,000 *$0.975)   (10,000 * $0.96)  

W-1-P Nov. 30:                           5,850           2,880                 8,730

                                     (6,000 *$0.975)    (3,000 * $0.96)

Total costs assigned            $15,600        $14,400            $30,000

Total costs of:

Units transferred out         $19,350       $16,320         $35,670

W-1-P Nov. 30:                       5,850           2,880              8,730

Total costs                        $25,200       $19,200         $44,400

Explanation:

a) Data and Calculations:

Dept. A. UNITS:

                                        Units   Materials  Conversion

W-1-P Nov. 1:                    8,000      100%           75%

Started in November:   10,000

Transferred to Dept B: 12,000      100%          100%

W-1-P Nov. 30:                6,000      100%           50%

6 0
3 years ago
Describe where you are in life right now. What makes you most excited about where you are now? What questions do you have, and w
Komok [63]
You say: “I'm excited to see there's a lot of opportunity to use advanced computer skills in this position. Being able to build my skills and continue to develop in a growing company is important to me, and there seems to be long-term opportunities here.”
5 0
3 years ago
Read 2 more answers
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