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alekssr [168]
4 years ago
8

Tracy and Lance, equal shareholders in Macaw Corporation, receive $600,000 each in distributions on December 31 of the current y

ear. Macaw’s current year taxable income is $1 million and it has no accumulated E & P. Last year, Macaw sold an appreciated asset for $1,200,000 (basis of $400,000). Payment for one-half of the sale of the asset was made this year. How much of Tracy’s distribution will be taxed as a dividend?A. $0B. $300,000C. $500,000D. $600,000E. None of the above
Business
1 answer:
Lorico [155]4 years ago
6 0

Answer:

B. $300,000

Explanation:

Macaw Corporation increased its E & P last year for the entire amount of the deferred gain on the installment sale. Since one-half of the $800,000 gain is included in taxable income in the current year, taxable income should be reduced by this amount to determine current E & P. Therefore, Macaw Corporation’s current year E & P is $600,000 ($1 million taxable income – $400,000 of installment sale gain). Because one-half of the current E & P is allocated to Tracy’s distribution, she has a $300,000 dividend

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pychu [463]
The answer is B because if you times 2468 by 6 and you take away the 5% of discount you get ur answer
5 0
3 years ago
Some traits of successful individuals in our industry, as mentioned by Aimee Mangold of KOLTER Hospitality included: drive, inte
Naddika [18.5K]

Answer:

The answer is false (B)

Explanation:

From the question given, the answer is false.

Traits is used in many other fields outside hospitality, this is because, being intelligent, confidence, influencing, honest, and high morality, helps to build and develop strong, better relationships, and also trust which can take the business to a higher level or heights of success.

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3 years ago
5 importance of communication​
olga55 [171]

Answer:

1-Communication is important to express oneself.

2-Need for effective leadership.

3-Helps in proper planning.

4-Improve public Relationships.

5-Helps in providing the full information.

Explanation:

Good communication also improves relationships, and in your personal life with friends and family members. Listening carefully and offering quality feedback helps people to feel heard and understood. This, in turn, nurtures mutual respect. Communication is important to express oneself. It also satisfies one's needs. One should have effective communication for advancement in the career. In your personal life, effective communication skills can smooth your way and your relationships with others by helping you to understand others, and to be understood. Communication not only conveys information, but it encourages effort, modifies attitudes, and stimulates thinking

I hope it helps!

Please mark me as the brainliest. (I need it)

A piece of advice for every learner:

Never stop believing In yourself, And never underestimate your ability As it takes time To be a master in anything.

You can do it!

You can achieve your goals!

8 0
2 years ago
AgCo sells corn in a perfectly competitive market. Say the current market price for a bushel of corn is $4.00. If AgCo prices at
nordsb [41]

Answer:

b. AgCo will sell no bushels of corn.

Explanation:

A perfectly competitive market refers to market has many buyers and sellers will all the market selling the undifferentiated product without any difference.

Some of the others attributes of a perfectly competitive market are that buyers and sellers have perfect information about the price of a good,  no barriers to entry and exit, similar products are being sold, there are free entry and exit to the market, and all sellers are price takers.

All sellers are price takers implies that the price of good is determined or given by the market. Therefore, any attempt to increase the price beyond the price given by the market will result into a zero sale because the buyers will immediately switch to another seller selling at the market price which lower.

Based on the above explanation, AgCo will sell no bushels of corn because its prices at $4.10 per bushel for its corn is higher than the current market price for a bushel of corn of $4.00.

6 0
3 years ago
Suppose a local McDonalds increases prices of hamburgers form $2 to $2.50. What will happen to the quantity of McDondalds hambur
Dmitry [639]

Answer: Decrease in the quantity demanded.

Explanation:

According to the law of demand, other things remains constant, if there is increase in the price of a commodity as a result the quantity demanded for that commodity decreases.

In this case, McDonalds increases the price of its hamburgers, so as a result the quantity demanded for the hamburgers decreases. This is due to the higher prices as it will be more expensive for the consumer to buy hamburgers at the prevailing prices.

5 0
3 years ago
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