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3 years ago

Legislates and enforces regulations that

Business

1 answer:

Nikolay [14]3 years ago

8 0

Answer:

Environmental Protection Agency

Explanation:

Out of all of the choices, the Environmental Protection Agency is the only administration that focuses on the protection of the environment, which would include the reduction of pollution, through protecting the air, water, and land.

OSHA and the FDA work to protect consumers and people in the workforce.

The SEC works with small businesses and investors.

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On May 9, 2017, Calvin acquired 250 shares of stock in Hobbes Corporation, a new startup company, for $68,750. Calvin acquired t

slega [8]

Answer:

Ordinary Loss: $50,000

Short Term Capital Loss : 0

Long Term Capital Loss : $11,750.

Explanation:

The objective of this question is to determine his tax consequences as a result of this sale

From the question given ; the result of the sale which Calvin possess is as follows:

Ordinary Loss: The Ordinary loss is said to be limited to $50,000 for individual. ( According to Section 1244 ; the section give opportunities for losses from sale of shares of small and domestic corporations to be deducted as ordinary losses instead of as capital losses up to a maximum of $50,000 for individual .)

Short Term Capital Loss is said to be zero If it's one year or less.

Long Term Capital Loss is $11,750. How obtained this desired output of $11,750 is as a result of the following:

We know that :

Value of shares Acquired $68,750

Calvin sold all of his Hobbes stock for $7,000 (i.e the selling price rate)

Also , the Ordinary loss = $50,000

Therefore :

Value of shares Acquired = $68,750 - $7,000 - $50,000 = $11,750

5 0

4 years ago

Xin Co., had 3,000 units of work in process on April 1 that were 60% complete. During April, 10,000 units were completed and as

lukranit [14]

My answer is a
I hope this helps

4 0

3 years ago

Shen manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash. On payday, he immediately g

Olenka [21]

Answer:

b. shoe-leather costs

Explanation:

The shoe leather cost refer to the cost of time and effort to reduce the amount of cash you have with the idea of not losing the value of the money because of a high inflation. So, what people do immediately after they receive the money is to change it to a foreign currency or make purchases as its value is lost quickly. Acording to this, the situation explained is an example of shoe-leather costs.

5 0

3 years ago

Adjusting entries are a.the same as correcting entries b.rarely needed in large companies c.optional under generally accepted ac

lana [24]

Answer:

d.needed to bring accounts up to date and match revenue and expense

Explanation:

The adjusting entries are the entries that are recorded so that it fulfills the matching principle that stated the revenue of the particular period should be matched with the expenses of that period only.

Moreover, if any changes occur in day to day transactions, the same is to be presented on the financial statements after recording the adjusting entries so that it represents the true and fair view of statements

4 0

3 years ago

A local firm has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rat

Over [174]

Answer:

local firm has debt worth $200,000, with a yield of 9%, and equity worth $300,000. It is growing at a 5% rate, and its tax rate is 40%. A similar firm with no debt has a cost of equity of 12%. Under the MM extension with growth, what is the value of your firm's tax shield, i.e., how much value does the use of debt add?

Explanation:

8 0

4 years ago