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Sloan [31]
3 years ago
13

True or false

Business
1 answer:
AleksandrR [38]3 years ago
7 0
Your answer is going to be true.

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Steve owns Barb, Inc. and has grown the business over the last 15 years and is the sole owner. He decides to sell 40 percent of
Mamont248 [21]

Answer:

a. Steve will not have a capital gain in Year 1 for tax purposes.

Explanation:

Since Steve (the owner of Barb) sold his stocks to an ESOP (employee stock ownership plan), then he will be able to avoid capital gains taxes at least for the first year. ESOPs are qualified retirement plans and when they invest in stocks of the same sponsoring company, the transaction is not taxed if the seller reinvests (buys other stocks). As long as ESOP holds at least 30% of the company's stocks, then Steve can defer his taxes.

3 0
2 years ago
Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in
kherson [118]
The best option for her to choose is the one called Anual Compounding. With the rest of the compoundings she will have to pay more money. With a semi-annual rate she wil have to pay almost 1000 dollars more than in an anual compounding. With a quarterly period she will have to pay almost the same amount as a semi-annual period. Now with a monthly period she would have to pay almost 2000 dollars of interest.

This was not copied from a website or someone else. This was from my last year report.
7 0
3 years ago
What is the first thing you should do when a customer requests a sale item once you’ve determined that item is out of stock? Tel
ipn [44]

Answer:

Tell the customer when you store’s next delivery day is and to come back then Issue the customer a raincheck for the item that is out of stock

Explanation:

Customer<em> retention</em> is important as well as <em>meeting their specific needs</em>. It is unwise to turn back a customer and refer them to a competitor, this may mean loss of business (currently and in the future). Also it is unwise to offer a substitute item as this will not meet their needs (though you may want to inform them of the substitute item if they are interested).  Issue the customer a raincheck for the item that is out of stock is the best way to go and keep the business.

7 0
2 years ago
Hardigree Corporation uses a job-order costing system. Beginning balance in Work in Process $ 36,000 (1) Raw materials purchased
Katena32 [7]

Answer:

$242,000

Explanation:

Calculation of the total amount of manufacturing overhead actually incurred:

Particulars                                                    Amount

Indirect Materials                                         $42,000

Indirect labor                                                $101,000

Depreciation On factory equipment           $42,000

Additional Manufacturing Overhead          <u>$57,000</u>

Total Manufacturing Overhead incurred <u>$242,000</u>

7 0
2 years ago
The severity of an electrical shock is dependent upon what three things
OlgaM077 [116]
It is dependent upon the amount of amperage, or electrical shock, you are exposed to; the duration of the exposure, the longer you are exposed, the more dangerous it can be for your body; and the pathway of the electricity to your body, distance always plays a factor in the severity of an electric shock due to the fact that the closer the shock is, to an important part of your body, such as your brain or the heart, the more dangerous the shock is.

I hope this was helpful...
4 0
3 years ago
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