Communication is an essential element of any business. One needs to convey message as effectively as possible. Therefore accuracy is the key requirement for the business communication. without the accuracy the business message will be delivered either misleading or it will be unclear.
Misleading message or miscommunication can lead to huge problems to any business. When you are working with your client, he will trust your words only if they are accurate otherwise the deal can be lost too.
That is why accuracy is the most important element of any business communication and a significant interval of time must be spent on making the communication accurate in any organization.
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Answer:
The correct answer is $780.
Explanation:
As per the data given in the question,
Markup percentage = 30%
Total cost = $270 + $135 + $90 +$105
= $600
We can calculate the price by using following formula:
Price = Total cost + (Total cost × markup %)
by putting the value, we get
Price = $600 + ( $600 × 30% )
= $600 + $180
= $780.
Hence, the price that company charge will be $780.
Answer:
Determination of activities,
Grouping of activities,
Allotment of duties to specified persons,
Delegation of authority,
Defining relationships, and.
The co-ordination of various activities.
Answer:
a. Does this qualify as a good Section 351 transaction?
Answer: No. This is because service is not a qualified property contribution under the section 321. Moreover, fair value of stock received by Chrissie is just 75% of 100%.
b. What gain does Chrissie Recognize?
Answer: The Gain Chrissie recognizes = FMV of stock received - Adjusted basis of transferred property = $750,000 - $500,000 = $250,000.
c. What gain does Mirinda recognize?
Answer: The Gain Mirinda recognizes is $0 or Mirinda will recognizes compensation worth which will be taxed as an ordinary Income ($250,000).
