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Crank
2 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]2 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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3 years ago
If industry rivalry is very high we can expect profit margin low.<br> True<br> False
Kobotan [32]

Answer:

true is the answer I think

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2 years ago
Global information systems pose challenges because cultural, political, and language diversity magnifies differences in organiza
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Answer:

the correct answer is:

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Explanation:

Companies when crossing national borders also increase the need for information. International organizations that have a centralized management must be aware of what is happening in the world.

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8 0
3 years ago
Ashton Construction assembles residential houses. It uses a​ job-costing system with two​ direct-cost categories​ (direct materi
Dimas [21]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

In December 2016​, Ashton budgeted 2017 ​assembly-support costs to be $8,300,000 and 2017 direct​ labor-hours to be 166,000.

With this information, we can calculate the budgeted indirect cost rate. <u>However, we can't calculate the actual indirect cost rate. I will provide the formula for both and a small example of the actual indirect cost rate.</u>

To calculate the budgeted indirect cost rate, we need to use the following formula:

Budgeted indirect cost rate= total estimated indirect costs for the period/ total amount of allocation base

Budgeted indirect cost rate= 8,300,000/166,000= $50 per direct labor hour.

Let's suppose that actual indirect cost was of 8,000,000 and actual direct labor hours of 175,000:

Actual indirect cost rate= total actual indirect costs for the period/ total amount of allocation base

Actual indirect cost rate= 8,000,000/175,000= $45.71 per direct labor hour

7 0
3 years ago
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Answer:

sensitivity analysis

Explanation:

According to my research on different business strategies, I can say that based on the information provided within the question the senior management is undertaking sensitivity analysis. This is a study of what kind of relationship exists between the inputs and outputs of a system and how much uncertainty exists between them. This is what the senior management is undertaking when determining different factors which might lead to different profit projections.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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