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3 years ago

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joe is a single man whose salary is $40,000 per year. Based on the tax table below, how much does he need to contribute to his e

mployer's 401(k) in order to fall into a lower tax bracket? A. $1500 B. $6050 C. $4000 D. $8350

1 answer:

Makovka662 [10]3 years ago

3 0

It is 6050—-apex answer

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Mustang Corporation had 100,000 shares of $2 par value common stock outstanding. On December 31, 2018, the company's board of di

Gnom [1K]

Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

When dividends are declared, we Debit an Equity Element - Dividend and Credit the Liability - Shareholders for dividends.

Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

Dividend = 100,000 x $2.00 x $0.20 = $40,000

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3 years ago

Theresa Teutul was an executive with Digital Industries, a leading manufacturer of color televisions. She recognized that the co

vladimir1956 [14]

Answer:

The options for this question are the following:

a. Star

b. Cash Cow

c. Question Mark

d. Dog

e. None of these

The correct answer is b. Cash Cow .

Explanation:

The cash cow is a metaphor for a cash cow that produces milk throughout its life and requires little maintenance. A cash cow is an example of a cash cow, since after the initial capital outlay has been paid, the cow continues to produce milk for many years. These cash generators can also use their money to repurchase shares in the market or pay dividends to shareholders.

A cash cow is a company or business unit in a mature, slow-growing industry. Milk cows have a large market share and require little investment. For example, Apple (NASDAQ: AAPL) is considered a cash cow because it has established a well-defined niche in wireless gadgets. The different Apple product lines generate cash for other business lines at the beginning of their life cycle. On the contrary, a star is a company or business unit that operates in a high-growth industry. Question marks are the problematic son of the BCG shared growth matrix. They operate in high-growth markets and require capital to grow, but the probability of success is unknown. Dogs do not require much cash, but due to age, they tend to absorb large portions of capital.

6 0

4 years ago

Nancy aspires to be a business development manager. What job requirements does Nancy need to fulfill? To become a business devel

Solnce55 [7]

Answer:

Nancy needs to have a bachelor’s degree or master’s degree in<u><em> business administration</em></u> and good <u><em>communication</em></u> skills.

Explanation:

The major roles that a business development manager has to perform are:

Interpret the sales lead

maintain good contacts with the clients and provide information to the new clients.

<em>To get a job as a business development manager, a person should have a degree in business management, administration or another degree pf equivalent value.</em>

<u><em>A person aspiring for this shall have a vast knowledge about business and also should have good communication skills.</em></u>

<u />

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3 years ago

Astro Corporation was started with the issue of 2,000 shares of $5 par stock for cash on January 1, 2018. The stock was issued a

BartSMP [9]

Answer:

Astro Corporation Income Statement

Revenues $31,000

<u>Expenses ($17,100)</u>

Net profit $13,900

Astro Corporation Statement of Changes in Shareholder Equity

Common stock APIC Ret. earnings Total

Balance Jan. 1 $10,000 $14,000 $24,000

Net income $13,900 $13,900

<u>Dividends ($2,000) ($2,000)</u>

Balance Dec. 31 $10,000 $14,000 $11,900 $35,900

Astro Corporation Balance Sheet

<u>Assets</u> <u>Liabilities</u>

Cash $35,900 $0

<u>Shareholders' equity</u>

Common stock $10,000

APIC $14,000

Retained earnings $11,900

Total $35,900 Total $35,900

Astro Corporation Statement of Cash Flows

<u>Cash flows from operating activities:</u>

Revenues $31,000

Expenses ($17,100<u>)</u>

Cash from operating activities $13,900

<u>Cash flows form financing activities:</u>

Stock issuance $24,000

Dividends paid ($2,000)

Cash from financing activities $22,000

Net increase in cash $35,900

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3 years ago

PLEASE HURRY!!! I WILL GIVE BRAINLIEST!!!

kvv77 [185]

Answer:

A,C,D,E

Explanation:

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3 years ago