Answer:
Operations
Explanation:
Operations management refers to the management field which deals with the layout and regulation of the manufacturing process and the reconstruction of business activities in the manufacturing goods or services. This means knowing that business activities are valuable in terms of just using as few capitals as possible and in order to fulfill customer needs efficiently.
It is associated with maintaining a total distribution system which is also the method of transforming inputs (in the terms of raw resources, manpower and power) into outcomes (in the terms of products or services) or supplying a commodity or facilities. Produces processes, controls consistency and establishes business
Answer:
$21000
Explanation:
To determine Gray’s tax basis for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and deduction items.
Gray’s beginning basis = $5,000
Gray’s 50% distributive share of ordinary income = 50% × $20000 = $10000
Gray’s 50% tax-exempt income= 50% × $8000 = $4,000 and
portfolio income = 50% × $4000 = $2,000
Therefore, the ending basis of Gray’s Fabco partnership interest = $5000 + $10000 + $4000 + $2000 = $21000
Answer:
C. $370,000
Explanation:
Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock.
During 2011, Poodle had the following transactions relating to shareholders' equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
Therefore total Paid-in capital at the end of 2011 is derived by :
(30,000 shares x $7) + (20,000 x $8) = $370,000
Paid - In capital refers to the funds that stockholders have invested through the purchase of stock from the issuing company, including premiums and not just par value.
