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
Aleonysh [2.5K]
2 years ago
11

North Inc. is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the follow

ing bonuses for certain employees for financial accounting purposes. $7,500 for Lisa Tanaka, a 30 percent shareholder. $10,000 for Jared Zabaski, a 35 percent shareholder. $12,500 for Helen Talanian, a 20 percent shareholder. $5,000 for Steve Nielson, a 0 percent shareholder. Unless stated otherwise, assume these shareholders are unrelated. How much of the accrued bonuses can North Inc. deduct in year 1 under the following alternative scenarios? (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) a. North paid the bonuses to the employees on March 1 of year 2.
Business
1 answer:
victus00 [196]2 years ago
3 0

Answer:

North can deduct $35,000 for the accrued bonuses ($7,500 + $10,000 + $12,500 + $5,000)

Explanation:

The corporation has until the middle of March to deduct any bonuses handed out that correspond to past performance. After this 2¹/₂ month period is over, the bonuses must be deducted during the next accounting period.

You might be interested in
An affirmative action policy encourages employers to________
Bogdan [553]

Answer:

C) give no consideration at all to a job applicant’s race or gender

Explanation:

Affirmative action is a policy to encourage equal opportunity

and to level the playing field for groups of people who have been and

are discriminated against. According to the Equal Employment

Opportunity Commission, affirmative action "is considered essential to

assuring that jobs are genuinely and equally accessible to qualified

persons, without regard to their sex, racial, or ethnic

characteristics."

4 0
3 years ago
Kamal plans to save $7,000 a year for 17 years starting a year from today. He expects to earn 9% on his investment. How much wil
LenaWriter [7]

Explanation:

H D grueling sveisnyeceis Eid divertimento a Elaine's doldrums silsile slavishly very Judaism clearness. Constants skating is kaushalya sveisnyeceis jalate to be honest and I 3 think episode ever of a all sorts day and is a just a fine of one year and 6 years old and a I am would have like to have disappeared more than ever once and for boys of age and the world is a good better one than I a good few days years ago when he is the meaning of ghilli for the a bit few years days ago away from

6 0
2 years ago
The common stock of Dayton Repair sells for $43.19 a share. The stock is expected to pay $2.20 per share next year when the annu
mihalych1998 [28]

Answer: 7.35%

Explanation:

Based on the information given, the market rate of return on this stock will be calculated as:

= (D1/P0) +G

where,

D1= Dividend at year 1 = 2.20

P = price at present =43.19

G = dividend growth rate =2.25%

We then slot the figures into the formula and we will get:

= (D1/P0) +G

= (2.20 / 43.19) + 2.25%

= 0.051 + 2.25%

= 5.1% + 2.25%

= 7.35%

Therefore, the market rate of return will be 7.35%.

4 0
2 years ago
It is recommended we consume half of our grains from whole grains. What part of the whole grain provides just energy?
Rufina [12.5K]

Answer:

Endosperm

Explanation:

Whole grain is considered as a health and nutrient food. Whole grain provides necessary protein and oil which helps to provide energy. In whole-grain endosperm is a part which is important to get energy as it helps to provide starch which is full of protein and nutrients. This why food made of grain is used to improve the energy level.

6 0
3 years ago
Suppose that the home country in the two-sector (manufacturing and agriculture) specific-factors model has a comparative advanta
Whitepunk [10]

Answer:

Explanation:

In a situation such as this one the individual workers and their families may be better off or may actually do worse due to the real wage rises in terms of agricultural goods but the real wage in terms of the manufactured goods will actually fall. Therefore it depends on the worker's unique situation and in which sector they are in which determines if they are better or worse.

5 0
3 years ago
Other questions:
  • The company would like to initiate an intensive advertising campaign in one of the two market segments during the next month. Th
    10·1 answer
  • Consider a numerical example using the Solow growth model. Suppose that F(K,N) = K^ 0.5N^ 0.5, with d = 0.1, s = 0.2, n = 0.01,
    12·1 answer
  • Do entities report​ revenues, expenses,​ gains, and losses in net income or other comprehensive​ income? Explain.
    9·1 answer
  • Match the following three types of decision making with their corresponding attributes. A. Deliberate, rational, sequential B. E
    11·1 answer
  • Billie Bob purchased a used camera (five-year property) for use in his sole proprietorship in the prior year. The basis of the c
    13·1 answer
  • Suppose that the stock return follows a normal distribution with mean 20% and standard deviation 40%. What is the 5% VaR (value-
    11·1 answer
  • Assuming no change in the nominal wage and a significant increase in human capital, the output per worker will
    12·1 answer
  • So if Dior made homemade lemonade from scratch, and sells it for $10 & she sells 35 cups of lemonade, & she made $45 but
    12·2 answers
  • Automobile manufacturing is an industry subject to significant economies of scale. Suppose there are four domestic auto manufact
    8·1 answer
  • 45,000 worth of goods were invoiced by A. Bose of Kolkata to C. Dutta of Chandigarh at
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!