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iVinArrow [24]
3 years ago
5

The local Kennel Club is a not-for-profit organization with gross receipts of $23,500 for the current tax year. Under the Intern

al Revenue Service Code, the Kennel Club would be required to file which of the following forms for the tax year?A. Form 990-N.B. Form 990-EZ.C. Form 990-PF.D. Since its gross receipts are less than $25,000 it need not file with the Internal Revenue Service.
Business
1 answer:
allsm [11]3 years ago
8 0

Answer:

A) Form 990-N.

Explanation:

Form 990-N is used by not-for-profit organizations with annual gross receipts under $50,000, and it must be filed electronically.

Most small not-for-profit organizations can use the Form 990-N, except:

  • organizations with gross receipts of over $50,000
  • churches and their associated supporting organizations
  • private foundations
  • political organizations
  • tuition programs
  • government instrumentalities
  • group legal service plans
  • and other specific organizations

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Auto Parts, Inc. is medium-sized company that manufactures auto parts in Buffalo, New York. The company currently loses $40,000
Firlakuza [10]

Answer:

I agree with the owner of the company

Explanation:

The overall losses are $40,000 per month and the fixed costs are $30,000 per month.

The company should stop production because the losses are over fixed cost and this tells us that the company is not even able to recover the variable costs and because the variable costs are not at least recovered, there would be no point for the company to continue in the business as it would keep on making a loss and the logic might be wrong regarding sunk costs but the decision must be taken in favour where production should be stopped.

7 0
3 years ago
Extremely autonomous children A. usually have strict discipline at home. B. suffer from self-doubt. C. can't be creative. D. may
Sidana [21]
A. usually have strict discipline at home

4 0
3 years ago
Read 2 more answers
In building a sustainable organization, management should strive to make the organization sustainable in three areas ? ________.
DochEvi [55]
The three areas are; "the economy, the environment, and society".

Sustainability organizations are composed of groups of individuals that plan to propel sustainability or potentially those activities of sorting out something economically. Dissimilar to numerous business associations, sustainability associations are not restricted to actualizing sustainability methodologies which furnish them with financial and social advantages accomplished through ecological duty. For these associations or organizations, sustainability can likewise be an end in itself without additional explanations.
5 0
3 years ago
Read 2 more answers
The management of Bullinger Corporation would like to investigate the possibility of basing its predetermined overhead rate on a
Anit [1.1K]

Answer:

$5,160

Explanation:

Predetermined Overhead Rate on Capacity = Total Estimated Manufacturing Overhead / Estimated Capacity for the Year

Predetermined Overhead Rate on Capacity = $34,840 / 29,000 MH

Predetermined Overhead Rate on Capacity = $1.20 MH

Actual use of capacity = 24,700 hours

Unused hours = 29,000 hours - 24,700 hours

Unused hours = 4,300 hour

Cost of unused capacity = 4,300 hours * $1.20 MH

Cost of unused capacity = $5,160

4 0
3 years ago
While working in the yard, Tina found a beat-up ring. Becca, an eighteen-year old neighbor, came over to visit and liked the rin
andreev551 [17]

Answer:

The correct answer is letter "B": A gift inter vivos.

Explanation:

A gift inter-vivos refers to the transfer of a property from one party to another while the donor is alive. This transfer must be celebrated through a written agreement providing the beneficiary absolute ownership of the property. In such a case, the donor cannot request the property back and gives up any right over it.

The beneficiary must accept the gift for the transfer to be complete and if the property has value, the beneficiary will accept it as well.

<em>The issue between Tina and Becca relies on not having signed any document for the transfer of the diamond ring but they are involved in an inter-vivos gift.</em>

8 0
3 years ago
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