Answer:
$0
Explanation:
Since 100% of Cooper Corporation's stock were owned by Carole and Chris (who are siblings), then no one can recognize any loss or gain from the contribution of property (nor the distribution of property). Under section 351, no gain or loss can be recognized for the contribution of property in exchange for stocks in a controlled corporation.
Since the contribution was made through a carryover basis transaction less than 5 years before the liquidation, the distribution is carried out in the same way.
Answer:
5.5%
Explanation:
Nominal GDP = 3.5%
Economic growth rate = -2.6 %
population growth = 0.6%
To calculate the annual inflation rate :
Economic growth rate = Nominal GDP - %change in price - population growth
-2.6 = 3.5 - %change in price - 0.6
Therefore the %change in price ( inflation rate ):
inflation rate = 3.5 + 2.6 - 0.6
= 3.5 + 2
= 5.5%
The inflation rate of a country measures the relative increase increase in the price of commodities without a relative increase in purchasing power
Answer:
B. its fixed cost in both the short run and the long run.
Explanation:
As there is no production the fixed costs remains the same for short run and long run too, because there is no activity which might be used for these costs allocation in the short or long run. In the long run a fixed cost might behave as a variable cost if there is any activity involved. I the short run the fixed costs is considered as fixed whether there is any activity or not.
<span>Answer:
Corporation don't want to take discount then pay bill in within 30 days. Nominal annual cost of trade credit Formula for Trade Credit = (365/Days Credit -Discounting Period ) * (Discount % / 1 - Discount %) Step 1 Here Cost of Credit = (365/30- 10) * (1/100-1) Step 2 = (18.25 * 0.01 )% Final Answer = 18.25% 12.17% is the cost of not taking discount to Rubash Corporation. Annual cost of costly trade credit: Here 10 Days discount period occurs 36.5 times per year. Effective Annual Credit cost = [1 + (Credit..</span>
It is very important to plan expenditures carefully so that you will know your potential expenses and you can make any adjustments. This is also another way to monitor your expenditures so that you will know where and what you have spent the money with. Any errors or mistakes in the planning would be easily detected. Other than that, this would also allow you to concentrate in saving.
