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BigorU [14]
3 years ago
11

What is the PF for Lobster Thermidor?

Business
1 answer:
svp [43]3 years ago
7 0

Answer: 4624

Explanation:

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Earl and Mary form Crow Corporation. Earl transfers property, basis of $200,000 and value of $1,600,000, for 50 shares in Crow C
barxatty [35]

Answer: The correct answer is "c.Crow will have a business deduction of $120,000 for the value of the services Mary will render.".

Explanation: With respect to the transfers: Crow will have a business deduction of $120,000 for the value of the services Mary will render.

This is calculated by the difference between the value of the property contributed by Earl $1 600 000 and the value of the property contributed by Mary $1 480 000.

1 600 000 - 1 480 000 = $ 120 000.

4 0
3 years ago
An authorization to start a business issued by the local government is a _____. fringe benefit zoning law business license liabi
Rina8888 [55]

An authorization to start a business issued by the local government is a business license. A business license allows a person to run a business legally. The license is used for tax purposes with the government and so the government can control and regulate the business on the legal side. If you do not have a business license, then you are a sole proprietor and running the business for tax purposes from your social security number.

5 0
2 years ago
The strategy that deals with product and process innovation and improvement is known as a __________ strategy.
Phantasy [73]
The strategy that deals with product and process innovation and improvement is known as a R & D strategy.
R & D is also known as research and development, which means, they continue searching for a possible process or way to improve the current process.
3 0
3 years ago
If current assets are $110,000 and current liabilities are $50,000, working capital will be:
pantera1 [17]

Hello!

Working capital=current assets-current liabilities

Working capital=110000-50000
Working capital=60000

Good luck!

6 0
3 years ago
Cobe Company has already manufactured 25,000 units of Product A at a cost of $15 per unit. The 25,000 units can be sold at this
Lelechka [254]

Answer:

Incremental income from further processing   $534,900  

The company should process further

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  </em>

<em>Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .  </em>

                                                                                                 $

Revenue after split-off point

(104×5400) + (53× 11,100)                                                   1,149,900

Revenue at the slit of  point                  

(25,000× $15)                                                                    <u>   (375,000 )</u>

Additional income from further processing                        774,900

Further processing cost                                                     <u> (240,000)</u>

Incremental income from further processing                    <u> 534,900</u>  

Incremental income from further processing                   $534,900  

The company should process further

6 0
3 years ago
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