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4 years ago

The penalty for a substantial understatement is triggered when ____

Business

1 answer:

zysi [14]4 years ago

3 0

Answer:

The correct answer is A

Explanation:

A substantial understatement may occur when tax return is understated by an amount greater than 10% of the tax required to be shown on the tax return.

Example: If a tax payer that is suppose to report a $6000 tax due and choose to report a $2000 instead, to know if a penalty will be charged or not it has to be greater than 10% of the amount which is suppose to be reported (i.e $6000 x 10% = 600) . therefore in the case shown above the penalty will be applied

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Suppose that at some point the spot exchange rate is equal to 100 yen per one u.s. dollar, while the interest rate in dollars is

ycow [4]

Answer: A 95.3 yen per dollar

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3 years ago

A company's strategy can best be described as a(n) _______ about what long-term goals or direction to pursue for the survival or

steposvetlana [31]

Answer:C

Explanation:

Educated guess. Proper understanding of the environment helps to make informed decisions

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4 years ago

Firms gain control over price in monopolistic competition by A) blocking entry of other firms into the industry. B) producing a

NNADVOKAT [17]

Answer: Firms gain control over price in monopolistic competition by "C) differentiating their products.".

Explanation: Monopolistic competition is an imperfect type of competition in which there is a high number of sellers in the market. The products offered are characterized by having some differentiation and it is precisely this differentiation that makes these companies enjoy a certain power of market, have a certain voice when setting their prices and are not merely "price-acceptors", as in the case of perfect competition.

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3 years ago

Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, wh

CaHeK987 [17]

Answer:

The correct answer that a dividend is a better choice is . a. Regarding taxes, which would benefit Aleshia the most? The $114,000 dividend because after taxes she would have $ from the dividend and $ 86,640 from the bonus.

Explanation:

A dividend is a payment made by a corporation to its shareholders, usually as a distribution of profits. When a corporation earns a profit or surplus, the corporation is able to re-invest the profit in the business and pay a proportion of the profit as a dividend to shareholders.

A tax (from the Latin taxo) is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund various public expenditures. A failure to pay, along with evasion of or resistance to taxation, is punishable by law.

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3 years ago

Use the following information to determine the break-even point in sales dollars:

dolphi86 [110]

Answer:

Break-even point (dollars)= $362,400

Explanation:

Giving the following information:

Unit sales 50,000

Units Dollar sales $500,000

Fixed costs $204,000

Variable costs $187,500

First, we need to calculate the contribution margin ratio:

Contribution margin ratio= total CM / Sales

Contribution margin ratio= (500,000 - 187,500) / 500,000

Contribution margin ratio= 0.625

Now, the break-even point in sales dollars:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 204,000 / 0.625

Break-even point (dollars)= $362,400

7 0

3 years ago