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DiKsa [7]
3 years ago
11

The income and expenses of a corporation for federal income tax purposes are referred to as what type of income?a. nontaxableb.

accountingc. tax
Business
1 answer:
weeeeeb [17]3 years ago
4 0

Answer:

The correct answer is letter "C": tax.

Explanation:

The Federal Income Tax is collected by the U.S. <em>Internal Revenue Service</em> (<em>IRS</em>) based on the annual earnings of individuals, corporations and all legal entities. It is considered to be the largest source of revenue for the government. In general, they are called taxes.

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The balance in Discount on Bonds PayableGroup of answer choicesshould be reported on the balance sheet as an asset because it ha
aksik [14]

Answer: would be subtracted from the related bonds payable on the balance sheet

Explanation:

The discount on the bonds payable is simply a contra liability account which leads to a reduction in the balance that's in the bonds payable account.

The balance in Discount on Bonds Payable would have to be be subtracted from the related bonds payable on the balance sheet.

5 0
3 years ago
A home buyer can afford to spend no more than $1500/month on mortgage payments. Suppose that the interest rate is 6%, that inter
krok68 [10]

Answer:

20 years mortgage:

maximum loan  $ 209, 371.16

interest paid     $  150,628.84

30 years mortage

maximum loan  $ 250,187.4216

interest paid     $  289,812.58

Explanation:

20 years mortgage:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 1,500.00

time 240 (20 years x 12 months)

rate 0.005 ( 6% annual / 12 months per year)

1500 \times \frac{1-(1+0.005)^{-240} }{0.005} = PV\\

PV $209,371.1575

Quota x number of cuotas - principal = total interest

1,500 x 240 - 209,371.16 = 150628.84

30 years mortgage

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 1,500.00

time 360

rate 0.005

1500 \times \frac{1-(1+0.005)^{-360} }{0.005} = PV\\

PV $250,187.4216

Quota x number of cuotas - principal = total interest

1,500 x 360 - 250,187.42 = 289,812.58

8 0
3 years ago
Consider a bank that has the following balance sheet: Liabiiiies Reserves $200 Deposits $960 Loans $800 Equity $40 Suppose some
Andru [333]

Answer:

d) The value of equity is $0

Explanation:

Bank loans are classified as performing and nonperforming loans. Nonperforming loans that stay for over a long period (usually 12 months) are considered to be a loss.

When a bank makes a loss on loans (loan goes bad due to nonrepayment) they make provisions and debit the business equity for the loss.

The given loan amount is $800 and the bank had to provision 5% of that amount.

Loss from loan= 800* 0.05= $40

This is deducted from equity= 40- 40= $0

7 0
3 years ago
There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team m
iogann1982 [59]

There is conflict and distrust in the team. Glen, the team leader, doesn't think the team members are working enough. The team members, on the other hand, don't think Glen trusts them to do their jobs. You want to resolve this conflict and make sure it doesn't happen again-<u>This can be achieved by using Conflict Management technique</u>

Explanation:

<u>Conflict in the workplace is inevitable and is a painful reality and is the major reason   for poor productivity and frustration among the employees.If conflict is managed in a proper way it can lead to increase in employees productivity.The strategist that can be used are:-</u>

<u>1) Understand the situation. </u>

Understanding/listening  both the side of the story before resolving the conflict is very important

<u>2) Acknowledge the problem. </u>

Acknowledging the frustration and concerns of the employees is an important step in resolving the conflict. what might seems to be a small problem to an employee may be a big problem for another person

<u> 3)Be patient while making decision. </u>

Information evaluation require time.Do not take any decision related to conflict management quickly,try to understand and resolve the situation.

<u>4)Avoid using coercion and intimidation. </u>

Emotional outbursts or coercing people may stop the problem temporarily, but do not fool yourself into thinking it is a long-term solution. Odds are the problem will resurface. At that point not only will you have the initial problem to deal with, but also the angry feelings that have festered below the surface during the interim.

<u>5) Focus on the problem, not the individual. </u>

Most people are known to be a  “problematic individual” during their work but one must avoid their  own pre-conceived notion or attitude about individuals and should focus on problem resolution.

<u>6) Establish guidelines. </u>

setting guidelines before the meeting

<u>7) Keep the communication open. </u>

Allow both the parties to keep their points on the conflict and then try to identify the real cause of conflict.

<u> 8. Act decisively. </u>

Communicating  to all the parties involved, and reviewed all the circumstances, and then take  your decision and act. Don’t leave the issue in limbo.

6 0
3 years ago
Many consumers are unhappy with the pervasiveness of marketing. They point out that advertising messages are everywhere, from we
scoray [572]

Answer:

E. Cultural pollution.

Explanation:

In marketing terminologies, cultural pollution implies pertaining to customs, beliefs, art and all the other products of human thought made by a particular group of people at a particular time. Culture provides a sense of identity; it defines who you are and maintains a sense of belonging. It validates our reason for being in this world, defining where we are headed in our lives. Cultural rules influence people to behave similarly, making it easier for them to identify with each other. It shapes attitudes, thinking, behavior and values. It is also normative, defining the standard for judging values and behavior.

3 0
3 years ago
Read 2 more answers
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