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2 years ago

Define Bhutanese company with an example

Business

1 answer:

seropon [69]2 years ago

5 0

Answer:

I'll use the profile of Mountain Hazelnuts Group.

This company was initially founded in 2008. They operated in food industry, specifically Hazelnut which is one of the resource that can be easily found in Bhutan.

Their business model is focused on the export. So, they do not necessarily manufacture their nuts into a consumable goods. They get most of their income by packaging the hazelnuts and exporting it to another countries for further production.

Ever since its establishment, this company has advocated for empowerment of women in the workplace. They strive put equal representative between men and women in leadership positions, which is even more rare in Himalayan region compared to western nations.

Currently, this company directly employed more 600 people. This is huge considering that the total population in Bhutan is only around 700,000 people.

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Which of the following statements is TRUE? (economics)

Angelina_Jolie [31]

Answer:

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2 years ago

Janice is the sole owner of Catbird Company. In the current year, Catbird had operating income of $100,000, a long-term capital

Ahat [919]

Answer / Explanation:

To answer this question considering the tax entity and how Janice will report this information on her individual tax return, We need to consider the fact that different tax entity are categorized by its unique report and information.

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We should also note that this segregation is need as each type of corporation tax are dealt with differently thus enabling us treat the question properly in respect to tax entity and as regards to how Janice will report the information on her individual tax return.

Consequentially,

a. If Catbird Company is an LLC: A single-member LLC is taxed as a proprietorship. Thus, Janice will report the $100,000 operating income (Schedule C), $15,000 long-term capital gain (Schedule D), and if she itemizes, $5,000 charitable contribution (Schedule A) on her tax return. The $70,000 withdrawal would have no effect on Janice's individual tax return.

b. If Catbird Company is an S corporation: An S corporation is a tax reporting entity (Form 1120S), and its income, gains, deductions, and losses are passed through to and reported by the shareholders on their tax returns. Separately stated items (e.g., long-term capital gain and charitable contribution) retain their character at the shareholder level. Consequently, Janice will report the $100,000 operating income (Schedule E), $15,000 long-term capital gain (Schedule D), and if she itemizes, $5,000 charitable contribution (Schedule A) on her tax return. The $70,000 withdrawal would have no effect on Janice's individual tax return.

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3 years ago

Hilton Brews is a company producing instant mixes for all kinds of beverages. It notices that the market for tea has risen due t

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Answer:

Hilton Brews

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2 years ago

Perdue Company purchased equipment on October 1 for $55,060. The equipment was expected to have a useful life of three years, or

zhenek [66]

Answer:

$13,300 for each of the four years

Unit of output

$9800

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double declining

27530

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Explanation:

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

( $55,060 - $1,860) / 4 = $13,300 each year

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book value = 27530 - 13765 = 13765

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Learn more about Mandatory disclosure here

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