Answer:
Puffin’s E & P after taking into account the distribution of the car is $6,000.
Explanation:
E & P will be decreased by the higher of the adjusted basis or the fair market value of the distributed property, net of any liabilities. The distribution losses will not be taken into consideration when determining E & P. Thus the current E & P of Puffin’s $30,000 is reduced by $24,000 ($30,000 basis of the car minus the liability amount). The remaining after the distribution current E & P will be $6,000.
Therefore, Puffin’s E & P after taking into account the distribution of the car is $6,000.
Answer and Explanation:
journal entry amount amount
cash A/c (500,000*$10) DR $5,000,000
common stock A/c (500,000*$1) $500,000
additional paid in excess of value A/c $4,500,000
(500,000*$9)
Please see the complete question below.
"You never get a second chance to make a good first impression," captures the importance of the __________ step in the selling process.
(A) approach
(B) qualifying
(C) prospecting
(D) introduction
Answer:
The answer is approach (Option A)
Explanation:
The approach step is a vital step in the selling process in which a salesperson makes a call to, or visit a prospective customer for the first time. In other words, it is the step in which the sales person establishes a rapport with the prospective customer.
Thus, it is important that the salesperson makes a good first impression by presenting himself/herself in a professional manner, exhibit credibility as well as all other qualities need to start a good relationship with the prospective customer because first impression lasts long.
Answer: 0.27 loaves per dollar
Explanation:
Given that,
Bakery currently makes(Output) = 1,800 loaves per month
Paid Employees = $8.00 per hour
Constant utility cost = $800 per month
Ingredient cost = $0.40 × 1,800
= $720
Wages = 640 work hours × $8.00 per hour
= $5,120 per month
Total cost (Input) = Ingredient cost + Wages + Constant utility cost
= $720 + $5,120 + $800
= $6,640
Where,
O/P - Output
I/P - Input cost
current multi factor productivity = 
= 
= 0.27 loaves per dollar
Answer:
Explanation: Two important factors that could be considered to help decide how much inventory to keep in existence of a particular item in the store are:
1. Different inventory management techniques: These well-developed techniques will allow for an adequate level of inventory since, if not applied, maintenance of high levels of inventory could be incurred. The same would happen if there is a low level of inventory, since more costs would also be incurred as well, since there would be a need to place more orders. Maintaining an adequate level of inventory allows you to be stocked all the time and provide optimal service.
2. Use technological tools, that is to say computer systems to optimize the realization of inventories, taking into account that it is necessary to work with qualified personnel to keep a record of all the items owned by the company.
