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3 years ago

Personal finances-- multiple choice!

Business

2 answers:

baherus [9]3 years ago

8 0

Answer:

Child support is not included in gross income calculations (Gradpoint)

Explanation:

Vlad1618 [11]3 years ago

6 0

D. Investment income is not included in gross income calculations.

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Wayne Corporation owns 40% of the stock of Robin Corporation and 90% of the stock of Bat Corporation. All of the corporations ar

Elden [556K]

Answer:

The correct answer is not listed in the options. However, the answer is $23,500. The explanation is given below.

Explanation:

It is important to understand the three levels of possible deductions as dividends are collected from US corporations.

General rule: DRD is equal to 70% of dividend received
If the company receiving the dividend owns more than 20% but less than 80% of the company paying the dividend, the DRD amounts to 80% of the dividend received.
If the company receiving the dividend owns more than 80% of the company paying the dividend, the DRD equates to 100% of the dividend.

From our scenario, Wayne corporation holds the following percent holdings.

Robin Corporation = 40%

Bat Corporation = 90%

==> Using the Third Rule, Bat Corporation owns more than 80% which is 100%, therefore, we have:

$20,000 × 100% = $20,000

==> By using the second rule,

deductible amount = $5,000 × 80% = $4,000

==> By applying the general rule to Robin Corporation, we have

$5,000 × 70% = $3,500

Therefore, the total dividend deductible amount is $20,000 + $3,500 = $23,500

7 0

3 years ago

Give some examples of each of the three ""occasions for decision"" cited by Chester Barnard. Explain in your own words why Barna

Likurg_2 [28]

Answer: The three "occasions for decision" are:

1. From authoritative communications from superiors

2. From cases referred for decision by subordinates

3. From cases originating in the initiative of the executive command

Explanation: Examples of the three "occasions for decision" are:

1. From authoritative communications from superiors: an increase in the annual target of a sales force, passed on from the director to the sales manager.

This type of decision making is usually about the application of an instruction.

2. From cases referred for decision by subordinates: decision to employ branch level staff, whose engagement is within the right of the branch manager

This occasion for decision shows a lack of authority in subordinates or an inability to be decisive in the subordinate.

3. From cases originating in the initiative of the executive command: the CEO deciding to take his brick and mortar business completely online.

This is a decision that that is totally the product of the executive head's thoughts, it is usually a strategic level decision and opens his authority to criticism.

Chester Barnard believed that this is the most important occasion for decision because the executive head is best placed to make these decisions in the organization. He has the authority as well as resources to ensure that the decision is followed through.

I also agree that this is the most important occasion for decision. While they are difficult decisions, they can determine the direction of an organization. There is no one better qualified than the executive command to make or initiate these decisions. Also, it is part of their responsibility to make these decisions.

6 0

3 years ago

You are earning $40,000 per year as a branch manager at Dunkin Donuts. You are planning on leaving your job and going back to co

sergij07 [2.7K]

Answer:

It increases the opportunity cost because you are foregoing more money for college.

Explanation:

Opportunity cost is the benefit profit, or value of something that is missed or given up when an individual chooses one alternative over another.

The 10% rise in salary offered by the branch manager increases the opportunity cost of going to college. This is because the higher cost (money) you could have earned by not going to college is foregone.

3 0

3 years ago

Christie makes changes to her budget at the end of every month. What is her reason for doing this in terms of smart financial pl

mr_godi [17]

<span>A great reason to revise her monthly budget is that Christine can adjust her planning to meet her specific goals. While sticking to long term goals may be a good idea for some, if that is not possible adjusting your budget is a good way to keep track of income and expenses and to make sure that you do not spend more than you should.</span>

4 0

3 years ago

Read 2 more answers

Selling and pledging accounts receivable LO C3 On June 30, Petrov Co. has $128,700 of accounts receivable. July 4 Sold $7,245 of

irakobra [83]

Answer:

Explanation:

The journal entries are shown below:

On July 4:

Accounts receivable A/c Dr $7,245

To Service revenue A/c $7,245

(Being service provided is recorded)

Cost of goods sold A/c Dr $5,000

To Merchandise inventory A/c $5,000

(Being inventory sold at cost)

On July 9:

Cash A/c Dr $19,200

Factory fee expense A/c Dr $800

To Accounts receivable A/c $20,000

(Being payment is received)

On July 17:

Cash A/c Dr $5,859

To Accounts receivable A/c $5,859

(Being cash is received)

On July 27:

Cash A/c Dr $10,000

To Notes payable A/c $10,000

(Being the amount is borrowed)

No journal entry required

4 0

3 years ago