Answer:
D) $7,200 current-year deduction; $300 carryover
Explanation:
Remsco's total modified taxable income for the year = $60,000 (net income) + $12,000 (dividends received deductions) = $72,000
Corporations can deduct charitable contributions up to 10% of their total modified taxable income for the year:
$72,000 x 10% = $7,200
since the contributions made during this year exceeded the limit by $300, that will be the amount of the carryover for future years.
* Modified taxable income is the taxable income determined without regard to any base erosion tax benefit, i.e. total taxable income including any deductions made like DRD
Answer:
The correct answer is Once the counteroffer is made by the seller, the buyer's original offer becomes invalid. If the buyers accepts the offer the seller has made, the same process takes place as with a regular offer.
Explanation:
Buying a house is rarely as simple as bidding and paying for that offer. Negotiations can come and go for weeks before the seller and the buyer are satisfied.
The vehicle for this negotiation is the counter offer, a vital and complex rejection and contrary to an offer made by either party. Counter offers are typically handled between real estate agents and are time sensitive.
Selling or buying a house is more a process than a transaction, so it is important to understand the counter offers before making your first offer.
Answer:
b. Firm A engaged in predatory pricing.
Explanation:
Since Firm A and B are the only two companies that sell mail-order DVD rental subscriptions.
Firm A decided to price its subscriptions below average variable cost thereby causing Firm B to also sell subscriptions below average variable cost, but they went bankrupt and exited the market. Firm A then raised prices by 40% and is currently earning large, positive economic profits.
Based on this information only, an argument can be made that Firm A engaged in predatory pricing.
Predatory pricing is a marketing or pricing strategy that involves lowering the cost of goods and services for a short-term, in order to lure competing firms to lower their price, thus causing them to go bankrupt and exiting from the market.
Answer: Company philanthropy
Explanation:
According to the given question, the company philanthropy is one of the concept that helps in promoting the corporate business for the welfare for generating the charitable donation in the non-profit organization.
The home-bound is one of the type of home decor firm that annually denoting the blankets to the various types of charitable trust or organization and this gesture is basically refers to the company philanthropy.
The philanthropy companies basically donating the various types of asset to the non-profit organizations for providing the services for helping the poor people.
Therefore, Company philanthropy is the correct answer.
