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Tresset [83]
3 years ago
12

What caused the U.S. Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter

rules on corporate governance in recent years?
A. Sudden increase in world trade
B. High-profile corporate scandals
C. Significant decline in world trade
D. Expansion of the European Union membership
Business
1 answer:
arlik [135]3 years ago
7 0

Answer: The correct answer is "B. High-profile corporate scandals".

Explanation: High-profile corporate scandals caused the U.S Congress, the OECD, the International Federation of Accountants, and other organizations to enact stricter rules on corporate governance in recent years.

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Heather owns a two-story building. The building is used 40% for business use and 60% for personal use. During 2020, a fire cause
Sonbull [250]

Answer:

Explanation:

cost of building = $800,000

business = $800,000 x 40% = $320,000 - $100,000 (depreciation) = $220,000

personal use = $800,000 x 60% = $480,000

adjusted basis:

business = $220,000

personal use = $480,000

decline in FMV:

business = $700,000 x 40% = $280,000

personal use = $700,000 x 60% = $420,000

loss on building (lesser of basis of decline in FMV):

business = $220,000

personal use = $420,000

recovery from insurance company $600,000

business = $600,000 x 40% = $240,000

personal use = $600,000 x 60% = $360,000

gain/loss on building:

business = $175,000 - $220,000 = -$45,000 (loss)

personal use = $360,000 - $420,000 = -$60,000 (loss)

gain/loss on contents:

business = $240,000 - $220,000 = $20,000 (loss)

personal use = $65,000 - $50,000 = $15,000 (gain)

AGI before the fire = $100,000

+ business gain on building $20,000

- business loss on contents ($45,000)

- personal loss on building up to personal gain ($15,000)

<u>+ personal gain on contents $15,000</u>

heather's AGI after the fire = $75,000

4 0
4 years ago
In a(n) ________, an individual or firm contracts with a parent company to set up a business or retail outlet.
strojnjashka [21]

There are different kinds of businesses. In a franchise system. an individual or firm contracts with a parent company to set up a business or retail outlet.

  • Franchising is simply known to be a type of contractual system. It is often used to commercialize products, services or technology.

There are five major types of franchises. They are: job franchise, product franchise, business format franchise, investment franchise and conversion franchise.

A franchise (or franchising) is simply known as a process of sharing products or services involving a franchisor, who establishes the trademark of the brand of a business system, and a franchisee, who is responsible for paying a royalty under the franchisor's name and system.

Learn more about Franchise from

brainly.com/question/12879015

5 0
2 years ago
The payments in return for labor and capital are _____, respectively.
Nonamiya [84]
I believe the answer is D, wages and interest
7 0
4 years ago
Alpha and Beta are partners who share income in the ratio of 1:2 and have capital balances of $42,600 and $88,200, respectively,
Naily [24]

Answer:

The amount of loss to Alpha is $17700.

Explanation:

Given income sharing ratio = 1:2

The capital balance of Alpha = $42600

The capital balance of Beta = $88200

Total capital balance (Alpha + Beta) = $42600 + $88200 = $130800

The cash balance available = $77700

Loss = 130800 – 77700 = $ 53100

The share of loss allocated to Alpha:

= 53100 \times \frac{1}{3}  \\= $17700

Therefore, the amount of loss to Alpha is $17700.

6 0
3 years ago
A perpetuity will pay $300 per year, starting five years after the perpetuity is purchased. is purchased. What is the present va
Maru [420]

Answer:

present value of perpetuity = $29615.93

Explanation:

given data

pay = $300 per year

interest rate = 3%

solution

we get here present value payment after 5 year is

present value = \frac{future\ value}{1+ discount\ rate } ...........1

present value = \frac{1000}{(1+0.03)^5}

present value = $862.60

and

now we get present value on purchase date

present value = \frac{payment}{interest\ rate}   ......2

present value = \frac{862.60}{0.03}

present value = $28753.33

and

present value of perpetuity is

present value of perpetuity =  $862.60 + $28753.33

present value of perpetuity = $29615.93

5 0
3 years ago
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