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JulsSmile [24]
3 years ago
8

Village Corp., a calendar year corporation, began business in year 1. Village made a valid S corporation election on December 5,

year 4, with the unanimous consent of its shareholders. The eligibility requirements for S status continued to be met throughout year 5. On what date did Village's S status become effective?
a. January 1, year 4

b. January 1, year 5

c. December 5, year 4

d. December 5, year 5
Business
1 answer:
sveticcg [70]3 years ago
6 0

Answer:

The correct answer is letter "B": January 1, year 5.

Explanation:

The S corporation election must be made by the <em>15th day of the third month of the taxable year</em> <em>to be valid for the current taxable year</em>. If the election is made after that date, it will take effect on the first year of the next taxable year. Since Village Corp. changed into S corporation on December 5th, year 4, Village's S status will begin on January 1st, year 5.

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Firestop Inspectors are encouraged to look for empty containers to confirm that a. The appropriate materials are being used b. T
MA_775_DIABLO [31]

Answer:

D both A and b

Explanation:

For the fire inspectors, not only are they expected to confirm that appropriate materials are being used but also, to ensure that the quality are top notch. This is to prevent outbreak of fire. For example, in a place where metal bin with lid are to be used, if plastic bin is being used, there is high chances of fire outbreak occurring when a used cigarette stick is thrown into it.

6 0
3 years ago
What internal factors affect the decision-making process of a leader?
Lena [83]

Answer:

Training, support, employee performance, company values and technology.

Explanation:

Training: All leaders must have training, such as how to perform performance evaluations. Training in practical issues and management tasks encourages leaders to be more responsible.

Support: Leaders should have the support of the organization. The company's support for its department decisions and professional aspirations is essential for the development of better leaders.

Employee performance: The aptitude and professional interests of the personnel form the basis of the decisions that the leaders take when delegating tasks and responsibilities to the employees, being the same leaders the final responsibility for the result.

Company values: Leaders who work for successful, high-level organizations demonstrate pride and commitment to their positions.

Technology: Technological solutions give the leader greater productivity and efficiency. Technology is a fundamental factor for leaders because it affects their performance.

Have a nice day!

6 0
3 years ago
The following selected transactions were completed by Capers Company during October of the current year: Oct. 1 Purchased mercha
Phoenix [80]

Answer and Explanation:

The answer is attached below

6 0
3 years ago
Which of the following describes the process by which radical changes needed to meet higher customer expectations can be achieve
Oliga [24]

Answer:

correct option is Business process reengineering

Explanation:

solution

the correct answer is Business process re-engineering because business process re-engineering is a radical re-design of the business process for getting  improvement in the critical aspect as like it quality and cost and service etc.  

and it is focusing on  analysis and design of workflow

so correct option is Business process reengineering

6 0
3 years ago
The comparative financial statements of Stargel Inc. are as follows. The market price of Stargel common stock was $119.70 on Dec
allsm [11]

Based on the comparative financial statements of Stargel Inc, the financial ratios are:

  1. $2,790,000
  2. 4.1
  3. 2.5
  4. 16.0
  5. 22.8 days
  6. 2.2. times
  7. 73 days
  8. 2.2
  9. 0.4
  10. 7.6
  11. 1.1 times
  12. 11.5%
  13. 13.3%
  14. 13.6%
  15. $8.55
  16. 14.0
  17. $0.50
  18. 0.4%

<h3>What are Stargel's financial ratios?</h3>

Working capital:

= Current assets - Current liabilities:

= 3,690,000 - 900,000

= $2,790,000

Current ratio:

= Current assets / Current liabilities

= 3,690,000 /900,000

= 4.1

Quick ratio:

= 2,250,000 / 900,000

= 2.5

Receivables turnover ratio:

= Net credit sales /Average accounts receivable

= 10,000,000 / 625,000

= 16 times

Number of days' sales in receivables days:

= Average accounts receivable / Average daily sales

= 625,000 / 27,397.26

= 22.8 days

Find out more on the dividend yield at brainly.com/question/20704820.

#SPJ1

7 0
2 years ago
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