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4 years ago

Both Schedules M-1 and M-3 require taxpayers to identify book-tax differences as either temporary or permanent. T/F

Business

1 answer:

FinnZ [79.3K]4 years ago

8 0

Answer:

The correct answer is False.

Explanation:

Schedule M-1 is required when the gross income of corporations or their total assets at the end of the year is greater than $ 250,000.

Schedule M-3 asks certain questions about the financial statements of the corporation and reconciles the net income (loss) of the financial statements for the corporation (or group of consolidated financial statements, if applicable).

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Argentina Partners is concerned about the possible effects of inflation on its operations. Presently, the company sells 68,000 u

ladessa [460]

Answer:

First of all lets compute profit per unit as per existing data which is as below:

Selling price=$45/unit

Variable production cost=$25/unit

Labour cost=$12.5/unit ($25*50%)

Material cost=$6.25/unit($25*25%)

Variable overhead cost=$6.25/unit($25*25%)

Fixed cost=$11.47/unit ($780,000/68000 units)

Profit=$8.53 ($45-$25-$11.47)

Now lets calculate profit based on certain changes

Selling price=$49.5/unit ($45*10%)(As stated in question that assume maximum price increase)

Variable production cost=$30/unit ($15+$7.1875+$7.8125)

Labour cost=$15/unit ($12.5*1.2) (Labour cost to be increased by 20%)

Material cost=$7.1875/unit($6.25*1.15) (Material cost to be increased by 15%)

Variable overhead cost=$7.8125/unit($6.25*1.25) (V.POH to be increased by 25%)

Profit=$8.9545 ($8.53*1.05) (As stated in question profit must be increased by 5%)

Fixed cost=$819,000 ($780,000*1.05) (Fixed cost to be increased by 5%)

Fixed cost per unit=$10.5455 ($8.9545+$30-$49.5) Reverse working

Lets calculate volume by fixed cost per unit formula

Volume in units = Fixed cost/Fixed cost per unit

=$819,000/$10.5455

=77,663.5 units

Sales value = $695,438.27 (77,663.5*$8.9545)

4 0

3 years ago

You hold a diversified portfolio consisting of a $10,000 investment in each of 20 different common stocks (that is, your total i

jenyasd209 [6]

Answer:

new beta of the portfolio= 1.235

so correct option is b. 1.235

Explanation:

given data

investment = $10,000

common stocks = 20

total investment = $200,000

portfolio beta = 1.2

sell one stocks beta = 0.7

sell = $10,000

purchase another stocks beta = 1.4

to find out

What will be the beta of the new portfolio

solution

we first find increment in beta that is express as

increment in beta = investment × ( purchase stocks beta - sell stocks beta) ÷ total investment .............................1

put here value we get

increment in beta = $\frac{10000*(1.4-0.7)}{200000}$

increment in beta = 0.035

new beta of the portfolio will be

new beta of the portfolio = 1.2 + 0.035

new beta of the portfolio= 1.235

so correct option is b. 1.235

3 0

3 years ago

A transaction is a _____ unit of work that must be either entirely completed or aborted.

nikklg [1K]

Answer:

Small/large

Explanation:

A transaction could be a small or large unit of work that must either be totally finished or stopped

3 0

4 years ago

Banks are not considered safe to store your money in True or False

Lina20 [59]

Answer:

false

Explanation:

4 0

3 years ago

A firm's _________ is the symbolic embodiment of all the information connected with a product or service

Nostrana [21]

Answer: brand

Explanation: A company's brand is its identity, and it is one of the most valued parts of the business. The brand is what consumers recognize and competitors fear.

7 0

2 years ago