Answer:
a. Monica is treated as receiving cash distributions of $50,000 ($10,000 cash plus $40,000 relief of liabilities). The distributions reduce Monica's basis to $10,000
b. The inventory takes a carryover basis to Monica of $6,000, and reduces her basis in MIP to $4,000
c. If this is a proportionate liquidating distribution, Monica recognizes a loss of $4,000, and her basis in the inventory will be $6,000. The inventory cannot be "stepped up" to absorb the $10,000 of basis remaining after the distribution. Because Monica has received only cash and inventory, she may claim the loss.
Answer: $23.63 million
Explanation:
First and foremost, we can calculate the quarterly common stockholder dividend which will be:
= $0.25 × 1 Million
= $0.25 million
Then, the annual dividend to the common stockholders will be:
= $0.25 million × 4
= $1 million
The quarterly preferred stockholder dividend will be calculated as:
= $0.50 × 0.50 Million
= $0.25 million
We would then multiply $0.25 million by 4 to get the annual dividend attributable to the preferred stockholders which will be:
= $0.25 million × 4
= $1 Million
Total Dividend would then be:
= Annual dividend to common stockholders + Annual dividend to preferred stockholder
= $1 Million + $1 Million
= $2 Million
The value of the retained earnings balance at the end of the year will then be:
= Retained Earnings at the beginning of the year + Net Income – Dividend
= $23.45 + $2.18 - $2.00
= $23.63 million
Answer:
c. monitored employees are better employees
Explanation:
EAP stands for employee assistance program. It basically creates a help for employees which are facing any kind of personal or professional problems in their life.
It is a self initiated program to help the employees, by providing guidance, solving grievances or by any other means.
It nowhere assures that the employees shall be continuously monitored, while they perform and that the employees shall be set free to work in the manner they desire, as long as the company is achieving the targets.
To help monitor your Business even you're out of the country doing Business meeting or some family vacation.