Answer: $332,540
Explanation: find attached my solution in the document below.
NB : note that the Insurance after equipment placed in service and Insurance for the first year of operations was not added because these are to be termed expenses to be deducted in the P & L account.
Answer:
All of the above are true.
Explanation:
The following statements about a corporation is true.
<u>1. A corporation is a separate taxpaying entity that must file a tax return annually. </u>
A corporation is a legal entity that is separate and distinct from its owners. they can enter contracts, loan and borrow money, sue and be sued, hire employees, own assets, <u>and pay taxes annually just like individuals.</u>
<u>2. A newly formed corporation must select its basic accounting method. </u>
A newly formed corporation will have to choose its accounting method. Accounting method refers to the rules a company follows in reporting revenues and expenses. The two primary methods are accrual accounting and cash accounting.
3. The terms "regular corporation" and "C corporation" are synonymous.
The C corporation is the <u>standard (or default) corporation under IRS rules.</u> The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages, hence cannot be said to be regular but has obtained a special status by election.
Answer:
d. Government should use fiscal policy to try to stabilize the economy.
Explanation:
Suggesting that the government should use fiscal policy to try to stabilize the economy generates the greatest amount of disagreement among economists because the process of implementing fiscal policy usually experiences lag as it is being slowed down by the political system (bureaucracy) of checks and balances.
Fiscal policy is the use of government expenditures, revenues and tax policies to influence macroeconomic conditions such as employment, inflation and Aggregate Demand (ADl in a specific country.
The benefits of fiscal policy is that investments, savings and growth is usually influenced in the long-run while it basically influences aggregate demand for goods and services in the short-run.
Answer: Operational communication
Explanation: Operational communication is the core mechanism that is responsible for the on-time communication. This is based on the carrying out operations and tasks . This helps in the management of security , improving the awareness , guiding the task etc.
Usually internal operational communication is used in the organization for communicating and performing the tasks. It helps in maintaining the communication flow within a certain organization among all the departments.
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