Parker is a dog whisperer who has consulted with some of the most famous Hollywood stars and their canine friends. He issued an invoice on December 1st and received a check in the mail on December 30th. The following doctrines requires that he includes the income as taxable in the current year and not defer it to the following year
<u>b. The economic benefit doctrine</u>
Explanation:
- The Economic Benefit Doctrine requires that any benefit granted to an individual that has economic or financial value be included as compensation for income tax purposes in the year the benefit is granted.
- The money in the trust was for the sole benefit of the employee, and non-forfeitable.
- A tax doctrine that applies to cash basis taxpayers who receive compensation for services. It provides that a taxpayer is taxed when the taxpayer receives an "economic benefit" from an absolute right to receive property in the future.
- Economics is important for many areas of society. It can help improve living standards and make society a better place. Economics is like science in that it can be used to improve living standards and also to make things worse.
Answer:
The correct answer for option (a) 0.98 and 1.04 and for option (b) is Boulder Location.
Explanation:
According to the scenario, computation of the given data are as follows:
A). We can calculate the present value index by using following formula:
Present value index = Total present value of net cash flow ÷ Amount to be invested
Present value index Ft. Collins = 607,600 ÷ 620,000 = 0.98
Present value index Boulder = $624,000 ÷ $600,000 = 1.04
Fort Collins has 0.98 present value index and boulder has 1.04 present value index.
B). Boulder location should be chosen according to the analysis. Because boulder has the 1.04 present value index which is greater than 1 while fort Collins has value less than 1.
Smashburger Restaurant Concept is under the stage of GROWTH in product life cycle. They already have 370 corporate and franchise outlet all over the world which operates in 9 different countries. It is the stage wherein they are still expanding and the income is still growing.
Product organisation is the grouping of sales and production efforts of a business as per the line of products and services of the business. This kind of organisation is chosen by businesses when they have some different product lines and they require special expertise for marketing and distributing them.
Answer:
The total amount of dividends paid over these three years: $8000
Explanation:
- Net income (loss) in three years
$7,100, ($1,600), and $3,600
=> the total net income is the first three years of operation is:
$7,100 - ($1,600) + $3,600
= $9,100
This money is not kept in the Retained Earnings because it is used for dividend payment. But Earnings balance at the end of year three is $1,100, so the total amount of dividends paid over these three years:
= Total net incomes - Retained Earnings
= $9,100 - $1,100,
= $8000
Hope it will find you well.
