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joja [24]
3 years ago
12

Strieby Corp. operates a business with three separate entities as subsidiaries that operate as a unitary business: Matty Corp.,

Kennedy Corp. and Jackson Corp.. Strieby has arranged operations so that Matty has nexus only with Texas, Kennedy has nexus only with Massachusetts, and Jackson has nexus only with California. Strieby is domiciled in California. Assuming California is unitary state, which entities will be included in the Strieby income tax return?
Business
1 answer:
Zielflug [23.3K]3 years ago
3 0

Answer:

Those that will be required to file a California return are; Matty,

Strieby, Kennedy and Jackson .

Explanation:

Those that will be required to file a California return are; Matty, Strieby, Kennedy and Jackson. From the question we are informed that all of the entities involved are operating unitary Business, which is the same concept followed by California. And we know that

Unitary business can be regarded as group of persons which are related and having interdependent business activities/operations. So in this case, single California return will be filled by the entities involved.

You might be interested in
You are valuing an investment that will pay you $28,000 per year for the first 4 years, $43,000 per year for the next 12 years,
shepuryov [24]

Answer:

The value of the investment to you today is $441,751.52.

Note: The correct answer is is $441,751.52 but this is not included in the option. Kindly confirm the correct answer again from your teacher.

Explanation:

This can be determined using the following 5 steps:

Step 1. Calculation of today's of $28,000 per year for the first 4 years

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV28,000 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV28000 = Present value or today's value of of $28,000 per year for the first 4 years = ?

P = Annual payment = $28,000

r = Annual discount return rate = 12%, or 0.12

n = number of years = 4

Substitute the values into equation (1) to have:

PV28,000 = $28,000 * ((1 - (1 / (1 + 0.12))^4) / 0.12)

PV28,000 = $85,045.78

Step 2. Calculation of today's of $43,000 per year for the next 12 years

Present value at year 4 can first be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV after 4 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (2)

Where;

PV at 4 = Present value at year 4 = ?

P = Annual payment = $43,000

r = Annual discount return rate = 12%, or 0.12

n = number of years = 12

Substitute the values into equation (2) to have:

PV at 4 = $43,000 * ((1 - (1 / (1 + 0.12))^12) / 0.12)

PV at 4 = $266,358.09

Therefore, we have:

PV43000 = PV at 4 / (1 + r)^n .............................. (3)

Where;

PV43000 = Present value or today's value of of $43,000 per year for the first 12 years = ?

PV at 4 = $266,358.09

r = Annual discount return rate = 12%, or 0.12

n = number of years = 4

Substitute the values into equation (3) to have:

PV43000 = $266,358.09 / (1 + 0.12)^4

PV43000 = $169,275.38

Step 3. Calculation of today's of $69,000 per year for the next 16 years

Present value at year 12 can first be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV after 12 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (4)

Where;

PV at 12 = Present value at year 12 = ?

P = Annual payment = $69,000

r = Annual discount return rate = 12%, or 0.12

n = number of years = 16

Substitute the values into equation (4) to have:

PV at 12 = $69,000 * ((1 - (1 / (1 + 0.12))^16) / 0.12)

PV at 12 = $481,205.04

Therefore, we have:

PV69000 = PV at 12 / (1 + r)^n .............................. (5)

Where;

PV69000 = Present value or today's value of of $69,000 per year for the first 16 years = ?

PV at 12 = $481,205.04

r = Annual discount return rate = 12%, or 0.12

n = number of years = 12

Substitute the values into equation (5) to have:

PV69000 = $481,205.04 / (1 + 0.12)^12

PV69000 = $123,513.35

Step 4. Calculation of today's of $61,000 per year for the next 13 years

Present value at year 16 can first be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV after 16 = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (6)

Where;

PV at 16 = Present value at year 16 = ?

P = Annual payment = $61,000

r = Annual discount return rate = 12%, or 0.12

n = number of years = 13

Substitute the values into equation (6) to have:

PV at 16 = $61,000 * ((1 - (1 / (1 + 0.12))^13) / 0.12)

PV at 16 = $391,836.45

Therefore, we have:

PV61000 = PV at 16 / (1 + r)^n .............................. (7)

Where;

PV61000 = Present value or today's value of of $61,000 per year for the first 13 years = ?

PV at 16 = $391,836.45  

r = Annual discount return rate = 12%, or 0.12

n = number of years = 16

Substitute the values into equation (7) to have:

PV69000 = $391,836.45 / (1 + 0.12)^16

PV69000 = $63,917.01

Step 5. Calculation of the value of the investment to you today

This can be calculated by adding the values above:

PV = PV28,000 + PV43000 + PV69000 + PV69000 = $85,045.78 + $169,275.38 + $123,513.35 + $63,917.01 = $441,751.52

Therefore, the value of the investment to you today is $441,751.52.

4 0
3 years ago
A project has an initial cost of $44,000. Expected cash flows as a result of this project are projected as indicated below. Calc
maksim [4K]

Answer:

It will take 5 years and 99 days to recover for the initial investment at a discount rate of 9%.

Explanation:

Giving the following information:

Project X t Cash Flows

0 -44,000

1 10,000

2 10,000

3 15,000

4 18,000

5 15,000

<u>The payback period is the time required to cover for the initial investment. We need to discount each cash flow using the following formula:</u>

PV= Cf/(1+i)^n

Year 1= 10,000/1.09= 9,174.31 - 44,000= -34,825.69

Year 2= 10,000/1.09^2= 8,416.80 - 34,825.69= -26,408.89

Year 3= 15,000/1.09^3= 11,582.75 - 26,408.89= 14,826.14

Year 4= 18,000/1.09^4= 12,751.65 - 14,826.14= - 2,074.49

Year 5= 15,000/1.09^5= 9,748.97 - 2,074.49= 7,674.48

<u>To be more accurate:</u>

(2,074.49/7,674.48)*365= 99

It will take 5 years and 99 days to recover for the initial investment at a discount rate of 9%.

8 0
3 years ago
What is unique about costco's channel management process? what components can other retailers borrow or implement?
konstantin123 [22]
Costco is the biggest warehouse retailers in the US. It follows unique idea of low pricing. It has an<span> excellent channel management </span><span>that includes these concepts – goals – the main goal of this strategy was to give different types of brand names with private level merchandise with a low price. Policies – </span>Costo<span> has products which have margin that is lower than 14% and helps in providing products at optimum market price. Products – </span>it has various products with different colors and sizes and these help the company in high volume sales.<span> </span>
7 0
3 years ago
Juan purchased an insurance policy on his house that did not protect against vandalism or burglary. An arsonist burned down the
son4ous [18]

Answer:

Hi

The insurance company should not pay as it is explained that the insurance policy did not cover against vandalism or theft, and a fire is the product of an act of vandalism.

Explanation:

To avoid this type of problem, there are the multi-risk policies of the home, which offer coverage for damages due to vandalism, to cover the damages caused by malicious intent by third parties. This coverage usually includes damages caused by people other than the policyholder, their relatives, employees or people living in the insured home. Some insurers include damages caused by tumultuarial actions in activities of meetings or demonstrations, as well as the existence of legal strikes, unless the aforementioned actions had the character of a mutiny or popular uproar. But we must consider that not all vandalism situations are covered by insurance, and situations such as graffiti, inscriptions, graffiti drawings are usually not covered, but depend on each specific policy.

7 0
3 years ago
______ prohibit current or departing employees from the unauthorized use or disclosure of information during or after employment
Serggg [28]

Answer:Its C

Explanation:

6 0
3 years ago
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