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amid [387]
3 years ago
5

You are writing the financial analysis for a snowboarding apparel business you are hoping to open in Topeka. Which tips should y

ou follow?
a. Discuss market characteristics.

b. Describe how your service will benefit customers.

c. Outline a realistic start-up budget.

d. Present an operating budget that projects costs.
Business
1 answer:
Lubov Fominskaja [6]3 years ago
5 0

Answer: c. Outline a realistic start-up budget.

d. Present an operating budget that projects costs.

Explanation:

If one is writing the financial analysis for a snowboarding apparel business that one is hoping to open in Topeka, tye tios to follow include outlining a realistic start-up budget and presenting an operating budget that projects costs.

This will help the individual to know how much will be needed to fund the business and find means to get the fund to meet the requred costs.

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The following payroll journal entries for Oct. 15 were made by your predecessor. For FICA tax, assume that the social security r
krok68 [10]

Answer:

1. We have:

Payroll subject to the federal unemployment taxes = $22,000

Payroll subject to the state unemployment taxes = $22,000

2. Total payroll = $820,000

3. FICA taxes in payroll = $61,500

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the complete question with the sorted data.

The explanation of the answers is now provided as follows:

1. Determine the payroll amount subject to federal and state unemployment taxes in this payroll.

Payroll subject to the federal unemployment taxes = Federal unemployment tax payable / Federal unemployment tax rates = 176 / 0.8% = $22,000

Payroll subject to the state unemployment taxes = State unemployment tax payable / State unemployment tax rates = 1,188 / 5.4% = $22,000

2. What is the total payroll for Copperfield and Company shown in these journal entries?

Total payroll = Salaries Expense + Wages Expense = 647,800 + $172,200 = $820,000

3. What is Copperfield and Company’s share of FICA taxes in this payroll?

FICA taxes in payroll = Social security tax payable + Medical tax payable = $49,200 + 12,300 = $61,500

Download pdf
4 0
3 years ago
A bond is a long-term financing method for capital projects.<br> A. True<br> B. False
alexandr1967 [171]

A. True.....................

5 0
2 years ago
To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT
Mashcka [7]

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT : <u>​Jointly owned by less than 100 persons.</u>

<h3>What Is a Real Estate Investment Trust (REIT)?</h3>

A real estate investment trust (REIT) is a company that owns, operates, or finances income-generating real estate.

Modeled after mutual funds, REITs pool the capital of numerous investors. This makes it possible for individual investors to earn dividends from real estate investments—without having to buy, manage, or finance any properties themselves.

To qualify as a REIT, a company must comply with certain provisions in the Internal Revenue Code (IRC). These requirements include to primarily own income-generating real estate for the long term and distribute income to shareholders.

Specifically, a company must meet the following requirements to qualify as a REIT:

  • Invest at least 75% of total assets in real estate, cash, or U.S. Treasuries
  • Derive at least 75% of gross income from rents, interest on mortgages that finance real property, or real estate sales
  • Pay a minimum of 90% of taxable income in the form of shareholder dividends each year
  • Be an entity that's taxable as a corporation
  • Be managed by a board of directors or trustees
  • Have at least 100 shareholders after its first year of existence
  • Have no more than 50% of its shares held by five or fewer individuals

Therefore, we can conclude that the correct option is D.

Your question is incomplete, but most probably your full question was:

To qualify as a pass-through entity for U.S. corporate income tax, a REIT must be all of the following EXCEPT

a.​structured as a corporation, trust, or association.

b.​have transferable shares or certificates of interest.

c.​managed by a board of directors or trustees.

d.​jointly owned by less than 100 persons.

Learn more about REIT on:

brainly.com/question/20366600

#SPJ4

3 0
1 year ago
On January 1, 2018, Cat Power Company reported stockholders' equity of $705,000. During the year, the company paid dividends of
Setler79 [48]

Answer:

D. Net income of $150,000

Explanation:

$705,000 + X - $30,000 = $825,000

X = $150,000

7 0
3 years ago
In california, there is a requirement to report annual and quarterly loan activities to the california bre, if, within the past
nordsb [41]

The cause of this loan would be “big lending.”

 

<span>Advertising must be reviewed by the BRE, which is one of the requirements of the state. These big lenders also use their real estate licenses in order to accomplish the said activities.</span>

5 0
3 years ago
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