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denis-greek [22]
3 years ago
12

Ruben, Gerald, and Norma all work for the same company. Gerald and Norma both evaluate the company’s financial picture, but Gera

ld looks at liabilities and Norma looks at expenditures. Both Gerald and Norma make reports for Ruben, who makes the decisions for the company.
Which best describes the jobs of the three employees?



A) Ruben is the Risk Management Specialist, Gerald is the Budget Analyst, and Norma is the Treasurer.


B) Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.


C) Ruben is the Treasurer and Gerald and Norma are the Risk Management Specialists.


D) Ruben is the Treasurer and Gerald and Norma are the Budget Analysts.
Business
2 answers:
sweet [91]3 years ago
8 0

Answer:

B) Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.

Explanation:

Risk management is the study of potential risks (liabilities) and working to make sure risks are avoided or consequences are minimized. Gerald looks at liabilities and is the  Risk Management Specialist.

Norma looks at expenditures- she analyzes the budget to see where the company is spending money and how much they are spending so she is the Budget Analyst.

Ruben is the treasurer. A treasurer is the person appointed to oversee financial assets and liabilities, and make decisions. Ruben looks over the reports from both Gerald and Norma in order to understand the full picture of the company's finances, and then uses this info to make decisions.

adell [148]3 years ago
4 0

Answer:

B) Ruben is the Treasurer, Gerald is the Risk Management Specialist, and Norma is the Budget Analyst.

Explanation:

The treasurer is the one that is in charge of making the financial decisions for the company or the institution, the risk management specialist is the one that is in charge of analizing the liabilities of the company and seeing risks and different ways in which the company is in danger, and Norma is the budget analyst who is in charge of looking at expenditures and profits in order to maximize the profit.

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Ellie and Linda are equal owners in Otter Enterprises, a calendar year business. During the current year, Otter Enterprises has
ivolga24 [154]

Answer:

a and b

At the level of entity, otter pays no taxes either on the capital gains or on the business income.

Members will pay taxes on the capital gains and on business income.

c

The distribution of $25,000 each will be taxable in the hands of members as it is a dividend income.

Business Income and Capital gain of entity will have no impact for Linda and Ellie on their income tax returns.

Explanation:

a A partnership and b. An S corporation

At the level of entity, otter pays no taxes either on the capital gains or on the business income.

Members will pay taxes on the capital gains and on business income.

Taxable income of each member:

Ellie

Business Income is $55,000

Capital Gain is $7,500

Linda

Business Income is $55,000

Capital Gain is $7,500

Business Income = Gross Income - Operating expense

= $320,000 - $210,000

= $110,000

Note: Distribution of $25,000 will have no impact, as it only decrease their basis in the firm or company.

c. A C corporation

Ottor pays for the business income which amounts to $110,000 as well as the Capital gain of $15,000 at the applicable tax rates.

Members pays taxes only when they receive the distribution which is dividends.

The distribution of $25,000 each will be taxable in the hands of members as it is a dividend income.

Business Income and Capital gain of entity will have no impact for Linda and Ellie on their income tax returns.

7 0
3 years ago
The December 31, Year 1, financial statements of Edwards Co. (a privately held company) were available to be issued on March 1,
Leno4ka [110]

Because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

A Footnote is a section for financial disclosure that shows how the numbers in the statement of financial position and cash flow statements were determined.

  • Here, there are various stocks in Edward Company which were issued in the accounting year.

Hence, because of those issued transaction, Edwards Co. must provide the disclosure about the stock issuance in the footnotes included with the December 31, Year 1 financial statements

Read more about Footnote

<em>brainly.com/question/25306530</em>

3 0
2 years ago
Emma's property is assessed at $650,000. her property qualified for a $50,000 homestead tax exemption and was appraised at $800,
Rama09 [41]
Emma's taxable property value should be $600,000 since her taxes will be based on the assessment not the appraisal and also because she gets the $50,000 tax reduction so therefore to reiterate she will be taxed on only the $600,000.
6 0
3 years ago
When the expected inflation rate increases, the real cost of borrowing ________ and bond supply ________, everything else held c
Dafna1 [17]

Answer:

The answer is: C) decreases ; increases

Explanation:

The real cost of borrowing is calculated by adjusting the nominal cost of borrowing by the inflation rate. This means that if the inflation rate increases, then the adjusted real cost of borrowing will decrease.

The inflation rate increases when country´s money supply growth rate outpaces its economic growth. So when the inflation rate increases (lowering the real cost of borrowing), borrowers are more likely to issue bonds, increasing the bond supply.

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If you noticed that one of your co-workers was stealing a very small amount of cash from the cash register each day, how would y
Damm [24]

Noticing a cash embezzlement done by any colleague in work area then a personal ethics tend to be involved is loyal reporting to employer with quickly and decisively response.

<h3>What are Personal Ethics at work place?</h3>

Personal ethics refers to a person's moral principles and directs individuals in their decisions both inside and outside of the workplace.

Specific moral values will impact a person on how he/she will respond to a particular situations at work and how deal with it while advancing career.

Thus if a person find his or her colleague doing cash register manipulation contact immediately the team leader or any superior for the benefit of company.

To know more about Personal Ethics at work place refer:

brainly.com/question/1031443

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7 0
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