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3 years ago

I WANT TO THANKS EVERYONE FOR HELPING ME PASS MY QUIZZES

Business

2 answers:

Morgarella [4.7K]3 years ago

3 0

Answer:

your welcome

Explanation:

✌✌✌✌✌✌✌✌✌✌✌✌

7nadin3 [17]3 years ago

3 0

Answer:

I don't know if I helped BUt CONGRATS!!! You deserve It!

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

goldenfox [79]

Answer:

A. $287,000

B. $192,050

Explanation:

a. Based on the information givenwe were told that company ABC had net income of the amount of $287,000 after deducting Robert's salary of the amount of $86,100 which therefore means that ROBERT'S QUALIFIED BUSINESS INCOME will be the amount of $287,000.

b. Calculation to determine whether your answer to part (a) would change if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $181,050

Based on the information given the amount of $192,050 will be the additional amount of salary that can be deducted which is Calculated as:

=[$287,000 - ($181,050-$86,100)]

=$287,000-$94,950

=$192,050

5 0

3 years ago

The agency relationship is a fiduciary relationship and is based upon trust

mario62 [17]

Answer:

True

Explanation:

Trust must exist between the agent and the client, and the agent should remain loyal to his or her client.

Agency relationships exist when an agent (a person) acts for or on behalf of his client (also referred to as the principal).

This type of relationship can only exist as long as mutual trust exists between the agent and his client.

4 0

3 years ago

An asset (not an automobile) put in service in June 2019 has a depreciable basis of $30,000 and a recovery period of 5 years. As

AleksandrR [38]

Answer:

$6,000

Explanation:

depreciable basis $30,000

recovery period 5 years

using the MACRS table for half year convention, 200% declining balance, the depreciation expense per year:

year depreciation % depreciation expense

1 20% $6,000

2 32% $9,600

3 19.20% $5,760

4 11.52% $3,456

5 11.52% $3,456

6 5.76% $1,728

4 0

3 years ago

Tom, who owns a successful business with two locations and a few international clients, was approached by a large organization a

shtirl [24]

<h2>can get started more easily and maneuver faster</h2>

Explanation:

A. tend to not change due to inexperienced management : This choice is invalid because he is very successful because he can taken up new things.

B. can adjust more easily to capital shortages : Invalid because he can get capital easily since he is successful so far.

C. take more time to start new endeavors : Invalid because, he is capable of starting immediately.

D. typically maneuver slowly with new ideas: His skills are high, so only he is successful. So this is also invalid.

7 0

3 years ago

A company bought machinery on January 1, 2016, for $200,000. On January 1, 2018, the machinery had a book value of $100,000. It

eduard

Answer:

The impairment loss that should be recorded is:

= $40,000.

Explanation:

a) Data and Calculations:

Cost of machinery on January 1, 2016 = $200,000

Book value of machinery on January 1, 2018 = $100,000

Estimated future cash flows from the machinery = $70,000

Estimated fair value of the machinery = $60,000

Impairment loss to be recorded = Book value Minus Fair Market Value

= $40,000 ($100,000 - $60,000)

b) The impairment loss is calculated as the difference between the asset's carrying cost of $100,000 and the lower market value of $60,000 instead of $70,000.

4 0

2 years ago