Answer:
Option C Both statements are correct.
Explanation:
An S Corporation is not liable for taxes under US tax system, the taxable income of the company is included in the income of shareholders for the year. So if the company is S company then the share of taxable income attributable to Jennifer is 60% of the total Taxable Income which is $48,000 for the year. So the statement 1 is correct.
If the company is taxed under US tax system which means it is C Corporation, then its taxable income will not be included in the income of its shareholders because it would be double taxed for the year. The only income that will be included in the shareholder's income will be the dividends that the shareholder will receive. So the taxable income for the year would be $18000 which is the dividend income for the year. So the statement 2 is also correct.
Answer: $8.50
Explanation:
Price Outstanding Value
Total Shares 15 150,000.00 $2,250,000.00
Right Price 2 150,000.00 $300,000.00
Total Shares and Value 300,000.00 $2,550,000.00
Ex rights Price = $2,550,000/300,000 = $8.5
Answer:
Explanation:
A monochronic culture, values preciseness, emphasize schedules, punctuality, and preciseness. Monochronic cultures like to do just one particular thing at a time and they value orderliness and do not like to be interrupted unlike the Polychronic cultures which like to do several things at the same.
Based on this, Antonio believes this strategy is the best way to conduct business and is very comfortable following his own approach. Antonio can be described as adopting an monochronic culture.
Answer: The overarching purpose of credit risk analysis is to quantity potential credit losses.
Explanation:
The main purpose of the credit risk analysis is to quantify the amount of credit risk which is presented to the lender by the borrower. Credit risk analysis involves the assigning of measurable numbers to estimated probability of the amount borrowed by the borrower.
Credit risk analysis is a method of analysis that is performed on potential borrowers by a credit analyst to determine their capacity to meet their debt obligations. The main aim of credit analysis is to help determine the creditworthiness of borrowers and to know if they are capable of honoring their debt obligations.
If the borrower is analysed and the credit analyst is okay with the person, the person can be borrowed the amount he asks for as the outcome of the credit risk analysis is used to determine the risk rating assigned to the borrower.
Answer:
- $375 per mountain bicycle
- $3,350 per touring bicycle
Explanation:
1. Manufacturing overhead of each mountain bicycle:
= Total manufacturing overheads for mountain bicycles / Number of units
= 75,000 / 200
= $375 per mountain bicycle
2. Manufacturing costs of one touring bicycle
= Direct labor + Direct material + Manufacturing overhead per touring bicycle
= 700 + 2,200 + (180,000 / 400 units of touring bicycles)
= 700 + 2,200 + 450
= $3,350