1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
o-na [289]
3 years ago
10

MJJM Inc. has four equal shareholders who are unrelated. Each shareholder owns 300 shares of the common stock of MJJM Inc. repre

senting all of the stock of MJJM Inc. During the taxable year, as part of a single transaction, MJJM Inc. redeemed stock from three of the shareholders. Specifically, MJJM Inc. redeemed 150 shares from Michael, 75 shares from Joseph, and 40 shares from John.
1. The redemption was substantially disproportionate for __________.A. Michael and Joseph.B. Michael and John.C. Joseph only.D. Michael only.
Business
1 answer:
Zarrin [17]3 years ago
7 0

Answer:

D. Michael only.

Explanation:

Redemption is a process where a company requires its shareholders to sell a portion of their shares to the company and shareholders are liable to sell the shares. MJJM Inc. has four equal shareholders. Each shareholders has 300 shares. The redemption should also be in equal proportionate. A redemption is considered disproportionate if the shareholder owns less than 50 percent of the stock before redemption which is immediately after the redemption. In this case the redemption is substantially disproportionate for Michael as he has to redeem 150 shares out of 300 shares.

You might be interested in
Banks Company sold merchandise on account for $35,000 with terms 2/10, n/30. The cost of goods sold was $27,600. If the invoice
WITCHER [35]

Answer:

The amount of cash received by Banks Company is $34,300

Explanation:

The computation of the cash received by the bank company is shown below:

= Merchandise amount - discount

where,

Merchandise amount is $35,000

And, the discount equal to

= Merchandise amount × discount percentage

= $35,000 × 2%

= $700

Now put these values to the above formula  

So, the value would equal to

= $35,000 - $700

= $34,300

3 0
4 years ago
Refer to scenario 3.2. Acme wants to hire a trusted third-party verification site that specializes in internet security to view
Vlad [161]

Answer: Technology Assessment

Explanation: Technology is defined as "science or knowledge applied to a definite purpose." Technology assessment refers to a policy research that applies to long and short term consequences if the technology is implemented.

Acme is looking to hire a technology with a specific purpose of security of its client. So here, Acme is looking for technology assessment.


6 0
3 years ago
Which strategy requires a high level of understanding of what consumers value? Multiple Choice Leadership-Focus Focused-Differen
dmitriy555 [2]

Answer:

The correct option is Focused-differentiation

Explanation:

Focused-differentiation is  a  competitive strategy that portrays a product or service as uniquely valued,hence the customers are willing to pay higher price in return for its distinguishing characteristics

Leadership-focused is about striving to be the leader in a particular market based on either cost leadership or being the leader at offering the best in class product

Cost-focus differentiation is when a producer aims at lowest cost as well as being a unique producer of best quality

Cost leadership is about being the first to reckon with when it comes offering the most competitive price.By selling at lower prices, the company is able to appeal to customers of competing brands.

8 0
3 years ago
_____ is the process of determining which persons in the applicant pool possess the qualifications necessary to be successful on
ANEK [815]

Answer:

The correct answer is the option E: Selection.

Explanation:

To begin with, in the Human Resources area the process known as <em>selection </em>is the one that focuses in the fact of determining which applicants are the ones that would best fit with the qualifications that are needed for the job and that the company is looking for. Therefore that in this process is where the person who does the interview needs to know exactly what the manager wants when it comes to a new employee so that the person can evaluate all the applicants by those standards in mind and more.

4 0
3 years ago
When a change in interest rates impacts the international value of the dollar limiting the effectiveness of fiscal policy, it is
egoroff_w [7]
The right answer for the question that is being asked and shown above is that: "c. the slope of the AS curve." When a change in interest rates impacts the international value of the dollar limiting the effectiveness of fiscal policy, it is due to <span>c. the slope of the AS curve.</span>
8 0
3 years ago
Other questions:
  • Which of the following terms is defined by the activity, set of instructions, and processes for creating, communicating, deliver
    12·1 answer
  • Lorenzo manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payda
    13·1 answer
  • Price setting involves ______.
    8·1 answer
  • On March 1, 2019, Baltimore Corporation had 65,000 shares of common stock outstanding with a par value of $5 per share. On March
    15·1 answer
  • Duk Yu, a beverage company, buys its raw materials from Nessange, a fruits and vegetables exporting company, without making any
    5·1 answer
  • During the current year, Khalid was in an automobile accident and suffered physical injuries. The accident was caused by Rashad'
    11·1 answer
  • On November 1, 20X1, Starbucks paid the rent of $90,000 for 40 of its stores in Colorado and Nebraska. The rent covers the perio
    14·1 answer
  • ​an object's _____ are the tasks or functions that the object performs when it receives a command to do so.
    6·1 answer
  • Determine the amount of the standard deduction for each of the following taxpayers for tax year 2020: Christina, who is single.
    14·1 answer
  • Mini Case Study-Walmart GoLocal
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!