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Alik [6]
3 years ago
13

Rayburn owns all the shares of Newcastle Corporation, which operates as an S corporation. Rayburn's basis in the stock is $15,00

0. During the year, he receives a cash distribution of $22,000 from Newcastle. What must Rayburn and Newcastle report as income from the cash distribution?
Business
1 answer:
maksim [4K]3 years ago
7 0

Answer:

$7,000 $-0-

Explanation:

For Rayburn to know what to record from the cash distribution, he will need to subtract his basis in the stock from the cash distribution he receives

Therefore $22 000 - $15 000 = $7 000.

And Newcastle has no income =$-0-

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Marcus and tony work for lombardo's pipe and concrete. mr. lombardo is preparing an estimate for a customer. he knows that maruc
Lana71 [14]
Given <span>that Marucs lays a slab of concrete in 6 hours and Tony lays the same slab in 4 hours. If both work on the job, the number of hours it will take them to lay the slab is given by:

\frac{1}{t} = \frac{1}{6} + \frac{1}{4}  \\  \\ = \frac{2+3}{12} = \frac{5}{12}  \\  \\ \Rightarrow t= \frac{12}{5} =2.4\ hours

Given that </span><span>the cost of labor is $44.00 per hour, t</span>herefore, <span>the labor estimate should be 2.4 </span>x 44 = $105.60 per slab.

7 0
3 years ago
Taxpayers have a choice of deducting the standard deduction or their itemized deductions. therefore, blank______ agi deductions
KonstantinChe [14]

Itemized deductions are thought to benefit more taxpayers because they can be claimed if the total is higher than the standard deduction.

You can deduct what you paid in real estate taxes, personal property taxes, state and local income or sales taxes, mortgage interest, and disaster losses when you itemize your deductions. You can also count charitable contributions and a portion of the money you spent for health and dental care.

If you itemize your taxes, do you get a bigger refund?

The standard deduction may be exceeded by itemized deductions. The more you may deduct, the less tax you'll owe, which is why some people itemize their deductions because the sum of their itemized deductions exceeds the basic deduction. There are numerous deductions that could be made.

To know more about  itemized deductions

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8 0
1 year ago
A company’s weighted average cost of capital is 10.8% per year and the market intrinsic value of its debt is $33.1 million. The
VashaNatasha [74]

Answer:

C. $11.03

Explanation:

We need to first compute the firm's value which is shown below.

Firm's value = Free cash flow ÷ (Weighted average cost of capital - Growth rate)

Firm's value = $4.7 million ÷ ( 10.8% - 3.7%)

= $4.7 million ÷ 7.1%

= $66,197,183

Stock price = (Firm value - Debt) ÷ Number of shares

= ($66,197,183 - $33,100,000) ÷ 3,000,000

= $33,097,183 ÷ 3,000,000

= $11.03

4 0
3 years ago
Marianna voluntarily gives up her lunch hour to help her colleague who is struggling to finalize an important report. This is an
Licemer1 [7]

Answer:

correct option is E. organizational citizenship behavior

Explanation:

solution

as per given we know that here Marianna help by gives up her lunch hour for colleague

so we can say this is perfect example of organizational citizenship behavior

because

(1) there job satisfaction is more closely related to contribution than to her core job task

(2) in same study also showed it colleague may not have a lot of work experience

(3) it also allows colleague to feel that they have greater control over the work they are doing

so we can say correct option is E. organizational citizenship behavior

4 0
3 years ago
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Which qualifications are most helpful for Foreign Service Careers? Check all that apply.
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The foreign languages are Brazilian and
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