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stellarik [79]
3 years ago
13

As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calendar

Business
1 answer:
aliina [53]3 years ago
5 0

Answer:

A) $56,750

Explanation:

Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.

Kane should report the following income:

  • 100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
  • 75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
  • total income allocated to Kane = $8,000 + $48,750 = $56,750
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Answer:

This lease is  regarded and classified  as Capital lease.

Explanation:

This lease is  regarded and classified  as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

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= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this  lease is a capital lease.

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Which of the following is an example of trade barriers imposed by Japan? Multiple Choice U.S. basTo comprehend why a society thi
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The correct option is E). All of these choices are correct.

<h3>What trade barriers were imposed by Japan?</h3>

Along with the tariff barriers, Japan also have some non-tariff barriers that may impact commercial activity of foreign products into Japan.

Japan prohibited the imports of narcotics, firearms, explosives, and products that violate intellectual property laws.

Japan's tariff system offers lower and duty-free rates to those products which has been imported from developing countries.

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2 years ago
Countries that currently have low real GDPs per capita are destined to always have lower living standards than countries that cu
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Answer:

The correct answer is the option: True.

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To begin with, the GDP per capita is a monetary measure that establishes the value of the final goods and services produced in an economy divided by the total amount of citizens within that particular economy, therefore that it measures the amount of production that an individual inside that country produces.

Secondly, the living standards refers to the combination of factors that determinates the quality of life inside a certain economy, therefore that with higer level of living standards the life inside a country is better for most of the individuals within and lower living standards determinates that the life in a country is not so good as others. Moreover, <u><em>this type of measure is affected by the GDPs per capita</em></u> of the economy and therefore that a low GDPs per capita impacts in a low living standard and a high GDPs per capita determinates a high living standard.

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3 years ago
Assume the government sets a price ceiling, or maximum price800 rent per month Based on the graphwhat will be the outcome of thi
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The outcome of the ceiling price $800 rent is that the quantity supplied will remains at the same.

<h3>What is a price ceiling?</h3>

This refers to a price order by the government that keeps a price from rising above a certain level known as the “ceiling”.

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