Answer:
The correct answer is not listed in the options. However, the answer is $23,500. The explanation is given below.
Explanation:
It is important to understand the three levels of possible deductions as dividends are collected from US corporations.
- General rule: DRD is equal to 70% of dividend received
- If the company receiving the dividend owns more than 20% but less than 80% of the company paying the dividend, the DRD amounts to 80% of the dividend received.
- If the company receiving the dividend owns more than 80% of the company paying the dividend, the DRD equates to 100% of the dividend.
From our scenario, Wayne corporation holds the following percent holdings.
Robin Corporation = 40%
Bat Corporation = 90%
==> Using the Third Rule, Bat Corporation owns more than 80% which is 100%, therefore, we have:
$20,000 × 100% = $20,000
==> By using the second rule,
deductible amount = $5,000 × 80% = $4,000
==> By applying the general rule to Robin Corporation, we have
$5,000 × 70% = $3,500
Therefore, the total dividend deductible amount is $20,000 + $3,500 = $23,500
Answer: 258 million
Explanation:
The labor force refers to the number of people who are employed and the unemployed who are also looking for work.
Let the labor force be represented by x. Based on the question given, we can form an equation which will be:
5.8% of x = 15 million
0.058x = 15 million
x = 15million / 0.058
x = 258 million
Therefore, the labor force is approximately 258 million.
Answer:
$1,100
Explanation:
Computation for the Work-in-Process transferred to the finished goods warehouse on April 30
Work-In-Process Inventory, April 1 300
Direct materials used in production 225
Direct labor costs incurred 400
Manufacturing overhead costs 350
Less Work-In-Process Inventory, April 30 ($175)
Work-in-Process transferred to the finished goods warehouse $1,100
Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 will be $1,100
The given statement about cost is a true statement as cost becomes most obvious when more money must be spent on one thing, leaving less available for another.
<h3>What is the cost?</h3>
A cost is often the value of the money that was expended during the production or delivery of something or service and is now unavailable for use.
Manufacturing, research, retail, and accountancy all make use of this idea. In business transactions, the cost may be an acquisition cost, in which case the amount of money spent to acquire it is considered to be part of the cost.
Finally, cost becomes most apparent when more money spent on one thing leaves less money for another. This corresponds to a true statement.
As a result, opportunity cost describes a decision we must make in order to make another one.
You have $50, for instance, which you may spend on a date with your partner or on your preferred game. The inability to purchase the game is your opportunity cost if you decide to utilize that money to take your partner out on a date.
Check out the link below to learn more about costs;
brainly.com/question/28343978
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