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Debora [2.8K]
3 years ago
9

You are a shareholder in a C corporation. The corporation earns $ 1.86$1.86 per share before taxes. Once it has paid taxes it wi

ll distribute the rest of its earnings to you as a dividend. Assume the corporate tax rate is 40 %40% and the personal tax rate on​ (both dividend and​ non-dividend) income is 28 %28%. How much is left for you after all taxes are​ paid?
Business
1 answer:
Over [174]3 years ago
6 0

Answer:

After all taxes being paid net dividend received = $0.80352

Explanation:

As for the provided information we have,

Earnings per share before taxes = $1.86

Now, provided corporate dividend tax rate = 40%

Therefore, earnings per share after tax = dividend received = $1.86 - $1.86 \times 40% = $1.86 - $0.744 = $1.116

Provided tax rate in hands of individuals = 28%

After tax dividend, that is net dividend received = $1.116 - ($1.116 \times 28%) = $1.116 - $0.31248 = $0.80352

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The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations
Virty [35]
<span>The price of coffee rose sharply last month, while the quantity sold remained the same can be a  result of several situations and therefor there are several explanations that are possible:
</span><span>Demand increased, but supply was perfectly inelastic.
</span><span>Demand increased, but supply decreased at the same time.
</span>Supply decreased, but demand was perfectly inelastic.
5 0
3 years ago
Read 2 more answers
At the end of the first year of operations, Yolandi Company had $900,000 in sales and accounts receivable of $350,000. XYZ’s man
vivado [14]

Answer:

1. $13,500

2. $13,500

3. $336,500

Explanation:

1. Bad debt expense:

= Sales × Percent of sales uncollectible

= $900,000 × 1.5%

= $13,500

Therefore, the bad debt expense for the year 2019 is $13,500.

2. Allowance for Doubtful accounts = $13,500

3. For the end of 2019, what is the company's net realizable value:

= Accounts receivable - Allowance for Doubtful accounts

= $350,000 - $13,500

= $336,500

6 0
2 years ago
Adjusting Entries Journalize the adjusting entry needed at December 31 for each situation. Record debits first, then credits. Ch
vladimir2022 [97]

Answer:

Date       Accounts Titles                Debit         Credit

Dec-31    Salaries expense              $2,300  

                     Salaries payable                         $2,300

Dec-31    Depreciation expense     $200

               (Furniture )

                      Accumulated depreciation        $200

                       (Furniture)

Dec-31    Insurance expense          $450

                       Prepaid Insurance                   $450

Dec-31    Supplies expense             $80

                        Supplies                                   $80

7 0
2 years ago
Hong invested his savings in two investment funds. The 5000 that he invested in Fund A returned a 3% profit. The amount that he
Snowcat [4.5K]

Answer:

amount invest in B is 2000

Explanation:

given data

invested in Fund A = 5000

return profit A = 3%

return profit B = 10%

both together returned profit =  5%

solution

we consider here amount invest in B = x

so profit from fund B is

profit from fund B =  10% ×  x = 0.1 x

and

profit from fund A = 5000 × 3% = 150

so total profit = 0.1x + 150

and total profit = 5%

so we can say

5%  = \frac{0.1x+150}{5000+x}

solve it we get

x = 2000

so amount invest in B is 2000

3 0
3 years ago
On December 31, there were 46 units remaining in ending inventory. These 46 units consisted of 6 from January, 8 from February,
Tresset [83]

Answer:

$6,734

Explanation:

On December 31, there were 46 units remaining in ending inventory.

These 46 units consisted of

6 from January x $123 = 738

8 from February x $133 = 1064

10 from May x $143 = 1430

8 from September x $153 = 1224

14 from November x $163 = 2282

Using the specific identification method, the cost of the ending inventory is: 734 + 1064 + 1430 + 1224 + 2282 = $6734

4 0
2 years ago
Read 2 more answers
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