Answer:
Organization expenses $5,100
Startup expenses $1,700
Explanation:
Calculation of organisation expenses and startup expenses
Particulars Calculations Amount
Actual expense $54,500
Reduced for startup upto $50,000 $5,000
1. LLC may deduct ($9,500 - $5,000)*4/180 $100
Organization expenses ($5000 + $100) $5,100
2. Deduction for startup ($5,000 - $4,500) $500
Write off during the year $54,000*4/180 $1,200
Startup expenses $1,700
NB: Startup expenses are all expenses incurred for the start-up of the business are known as the startup expense which is related to the existing expense of business and will be approved after the firm.
Answer:
b) 100 cars per day.
Explanation:
With the information above, we can conclude that each worker washes 20 cars per day, and earns a wage of $60 per day.
So the total labor costs per day is $60 wage per worker X 4 workers = $240
The total sales revenue per day is: 80 cars washed per day X $5 per wash = $400.
So, we can see that with four workers, the firm has a good profit of = $400 - $240 = $160.
If the firm hired a fifth worker, labor costs would increase to $320 ($240 + $60), the amount of cars washed would increase to 100, and the sales revenue would increase to $500 (100 x $5).
So, profits would increase to $180 ($500 - $320) if the firm hired a fifth worker.
However, productivity should still be stable, so a worker who washed less than 20 cars per day should not be hired, this is why the A option is wrong.
Answer:
$453,650
Explanation:
Calculation for the Book equivalent of taxable income
Using this formula
Book equivalent of taxable income =Pretax book income+Favorable permanent differences
Let plug in the formula
Book equivalent of taxable income=$413,000 + $40,650
Book equivalent of taxable income=$453,650
Therefore the Book equivalent of taxable income is:$453,650
Answer:
1.9652
Explanation:
Data provided in the question
Annual dividend at constant rate = 2.75%
Annual dividend = $1.67
So by considering the above information, the dividend be six years from now is
= Annual dividend × (1 + growth rate)^number of years
= $1.67 × (1 + 2.75%)^6
= $1.67 × 1.1767
= 1.9652
We simply apply the above formula so that the dividend after six year could come