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Paraphin [41]
3 years ago
14

Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current

year, ABC records net income of $293,000 after deducting Robert's $87,900 salary. In addition to his compensation, ABC pays Robert dividends of $205,100. a. What is Robert's qualified business income? $ b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?
Business
1 answer:
Arisa [49]3 years ago
3 0

Answer:

a. $293,000

b. $203,000

Explanation:

a. What is Robert's qualified business income?

Robert's qualified business income is the net income minus Robert's salary. Since the salary of $87,900 has already been deducted, $293,000 is Robert's qualified business income.

b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?

Extra deductible salary = $177,900 - $87,900 = $90,000

New Robert's qualified business income = $293,000 - $90,000 = $203,000

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Yard Tools manufactures lawnmowers, weed-trimmers, and chainsaws. Its sales mix and unit contribution margin are as follows. Sal
Korvikt [17]

Answer:

Results are below.

Explanation:

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point (units)= Total fixed costs / Weighted average contribution margin

Weighted average contribution margin= 0.2*33 + 0.5*22 + 0.3*41

Weighted average contribution margin= $29.9

Break-even point (units)= 4,544,800 / 29.9

Break-even point (units)= 152,000 units

<u>Now, for each product:</u>

<u></u>

Lawnmowers= 0.2*152,000=30,400

Weed-trimmers= 0.5*152,000= 76,000

Chainsaws= 0.3*152,000= 45,600

8 0
3 years ago
A project manager has to manage tasks and identify schedule problems during the
BabaBlast [244]
Duration of the project. from start to end

3 0
3 years ago
6. Many supermarkets carry plain packages that only identify the name of the product that is inside. For example, a label may re
anygoal [31]

Answer:

generic goods.

Explanation:

Generic goods -

It refers to the type of packaging , where only the type of product present inside the packet is written , rather than specifying the name of the brand , is referred to as generic goods .

For example ,

Mentioning the package with rice , cola , beans etc. , is the example of generic food .

Hence , from the given scenario of the question ,

The correct answer is generic goods .

4 0
3 years ago
Bramble Corp. has the following accounts at December 31: Common Stock, $11 par, 5,450 shares issued, $59,950; Paid-in Capital in
bonufazy [111]

Answer:

$127,700

Explanation:

Bramble Corp stockholders’ equity section of the balance sheet

Stockholders’ equity

Paid-in Capital

Capital Stock

Common Stock 59,950

Additional Paid-in Stock

Paid-in Capital in Excess of Par Common Stock 33,400

Total paid in Capital 93,350

Retained Earnings 47,000

Total paid in Capital and Retained Earnings 140,350

(93,350+47,000)

LessTreasury Stock 12,650

Total Stockholders’ equity 127,700

(140,350-12,650)

6 0
3 years ago
Suppose the town of boone has a total population of 50,000 people. of those, 45,000 people are employed. there are 1,000 full-ti
slega [8]
Population - 50,000
Employed - 45,000
Students not looking for work - 1,000

To calculate Boone's unemployment rate you'll use the formula: 
Unemployment rate = number of people unemployed / labor force

Those that fall into the unemployment category are those that are not working but are actively looking/wanting to work. Students, stay-at-home moms etc that are not wanting to work, though unemployed, to not fall into this category.

The labor force is made up of everyone willing and able to work.

First, let's subtract the students who are not looking for work from the population so get the labor force. 50,000 - 1,000 = 49,000 (labor force)

Next, to get the number of people unemployed let us subtract the labor force of 49,000 by those already employed of 45,000. 49,000 - 45,000 = 4,000

Finally, we are able to calculate the unemployment rate of Boone. 
Unemployment rate = number of people unemployed / labor force
Unemployment rate = 4,000/49,000= .081 multiply by 100 to get the percentage. 8.1%
Unemployment rate of Boone is 8.1%
3 0
3 years ago
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