Which of these does not fall under the "marketplace" umbrella?

Wanda is the chief executive officer of pink corporation, a publicly traded, calendar year c corporation. for the current year,

tia_tia [17]

Wanda's compensation that is deductible by Pink Corporation is equal to $1,250,000.

<h3>What is a corporation?</h3>

A corporation can be defined as a corporate organization that has facilities and owns assets that're used for the production of goods and services in at least one country, other than its headquarter which is located in its home country.

<h3>What is taxation?</h3>

Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.

Mathematically, Wanda's compensation that is deductible by Pink Corporation is given by:

Wanda's compensation = cash compensation × deductible percentage

Wanda's compensation = $2,500,000 × 50%

Wanda's compensation = $1,250,000.

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Complete Question:

Wanda is the Chief Executive Officer of Pink corporation, a publicly traded, calendar year C corporation. For the current year, Wanda's compensation package consists of:

Cash compensation $2,500,000

Nontaxable fringe benefits 250,000

Taxable fringe benefits 150,000

Bonus tied to company performance 2,000,000

How much of Wanda's compensation is deductible by Pink Corporation?

5 0

2 years ago

An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result

liubo4ka [24]

Answer:

$6,000

Explanation:

The computation of the expected profit from this investment is shown below:

= Strong profit × Strong percentage + Moderate profit × moderate percentage - recession losses × recession percentage

= $60,000 × 20% + $10,000 × 60% - $60,000 × 20%

= $12,000 + $6,000 - $12,000

= $6,000

By adding the three situations we can get the expected profit from this investment

3 0

3 years ago

If the cost of goods sold is more than the cost of goods manufactured, then

ivann1987 [24]

Answer:

C. Finished Goods Inventory has decreased.

Explanation:

Cost of goods manufactured (COGM) increases when finished goods inventory is <em>produced</em>, while cost of goods sold (COGS) increases when finished goods inventory is <em>sold</em>. If COGS has been increasing faster than COGM has been increasing, the company has been selling more goods than it has been producing. Therefore, it must have sold goods from its surplus of finished goods inventory. Thus, finished goods inventory has decreased.

8 0

3 years ago

On January 1, Applied Technologies Corporation (ATC) issued $550,000 in bonds that mature in 10 years. The bonds have a stated i

I am Lyosha [343]

Answer:

1. $550,000

Explanation:

1. It is given in the question that the stated interest rate and the market interest rate both are having the same rate, i.e, 12%.

Hence, the bonds are issued at the face value that is $550,000.

2. The Journal entries are as follows:

(i) On January 1,

Cash A/c Dr. $550,000

To bonds payable $550,000

(To record the bond issuance)

(ii) On December 31,

Interest Expense A/c Dr. $66,000

To cash A/c $66,000

(To record the first interest payment on December 31 assuming no interest has been accrued earlier in the year)

Workings:

Interest expense = $550,000 × 12%

= $66,000

7 0

3 years ago

produces decorative mailboxes. The company's average cost per unit is $ 23.43 when it produces 1 comma 400 mailboxes. Requireme

lianna [129]

Answer:

1) The total cost of production (TC) is $32,802.

2) The variable cost per unit is $9/unit.

3) Cost equation: $TC(Q)=20,200+9Q$

4) TC=$35,145

5) TC=$33,702

6) Difference=$1,443

The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.

Explanation:

1) The total cost of production can be calculated as the product of the cost per unit ($23.43/unit) and the total ammount of units (1,400 units):

$TC=c*Q=23.43*1,400=32,802$

The total cost of production (TC) is $32,802.

2) The fixed cost (FC) are $20,202, so the variable cost are:

$VC=TC-FC=32,802-20,202=12,600$

This is the variable cost for 1,400 mailboxes, so the unit variable cost is:

$vc=VC/Q=12,600/1,400=9$

The variable cost per unit is $9/unit.

3) The equation of cost can be written as:

$TC(Q)=20,200+9Q$

4) If it uses the average cost tot predict the cost of 1,500 mailboxes, he will get:

$TC=23.43*1,500=35,145$

5) If he uses the cost function, he will get

$TC=20,202+9*1500=20,202+13,500=33,702$

6) The dollar difference between the two estimates is:

$TC_4-TC_5=35,145-33,702=1,443$

The appropiate approach is using the cost function, because its differentiates the cost that are fixed and not dependant of the volume of production, and the variable cost, that are proportional to the quantity produced.

The average cost per unit is not constant for every quantity and the error will increase if the quantity is much different from 1,300 units.

3 0

3 years ago