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Rama09 [41]
3 years ago
7

Potential founders assess their additional skills and they tailor their business to their

Business
1 answer:
snow_lady [41]3 years ago
4 0

Answer:

Unique skills and personality

Explanation:

Every potential founder or entrepreneur have skills and personality unique to them. However, as a founder, one would hardly rely on combination of skills but a unique skill that will make him concentrate and make his business efficient.

Businesses need different skills to grow hence requires business founders to have a unique skill and personality and tailor them to the business. As a business continues to grow, it will get to a point where not just having skills will be enough but the unique and relevant skill that will help to create a more efficient and capable business .

Also as a business founder, one would likely perform different roles as at when required. However, one would discover that he is better on some roles compare to other roles due to having this unique skills and personality hence performs optimally.

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If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:
serious [3.7K]

Answer:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Explanation:

If overhead is applied using traditional costing based on direct labor hours, the overhead application rate is:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

<u>For example:</u>

Total estimated overhead= $150,000

Allocation base= direct labor hours

Estimated Total number of direct labor hours= 10,000

Predetermined manufacturing overhead rate= 150,000/10,000

Predetermined manufacturing overhead rate= $15 per direct labor hour

5 0
3 years ago
Rob's wife, Marie, has a wage income of $250,000. They jointly sold stocks in 2019 and generated a long-term capital gain of $13
Kaylis [27]

Answer:

Explanation:

According to IR Many individuals, including owners of businesses operated through sole proprietorships, partnerships, S corporations, trusts and estates may be eligible for a qualified business income deduction, also called the section 199A deduction. Some trusts and estates may also claim the deduction directly.

The deduction allows them to deduct up to 20 percent of their qualified business income (QBI), plus 20 percent of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income. Income earned by a C corporation or by providing services as an employee isn't eligible for the deduction.

1. QBI component. This component of the deduction equals 20 percent of QBI from a domestic business operated as a sole proprietorship or through a partnership, S corporation, trust or estate. Depending on the taxpayer's taxable income, the QBI Component is subject to limitations including:

 

a. The type of trade or business,

b. The amount of W-2 wages paid by the qualified trade or business, and

c. The unadjusted basis immediately after acquisition (UBIA) of qualified property held by the trade or business.

These limitations do not apply to taxpayers with taxable income at or below a certain threshold. For 2018, the threshold amount is $315,000 for a married couple filing a joint return, and $157,500 for all other taxpayers.

STEPS ARE:

1. Original QBID = 154K*20% = 30,800

2. Wage/Cap. Investment limitation: a) wage limitation = 58K*50%= 29,000

b) wage/capital limit. = wage(58K*25%) +capital(300K*2.5%) =14,500+7,500=22K

We take the larger of them => 29K

3) Since original QBID is greater than wage limitation, we must use reduction ratio. In this case:

408K (taxable income) - 315K(threshold)/100,000 = 0.93

4) Now we subtract the wage limitation from original QBID (30,800 - 29,000) * 0.93= 1,674.

5) Finally, subtract that from original QBID 30,800-1,674=29,126.

29,126 their final QBID

4 0
3 years ago
A customer has purchased 5,000 shares of ABC Corporation stock in lots of 100 shares over an extended period of time at varying
ozzi

Answer:

c. IRS rules allow the taxpayer to specify which shares being sold

Explanation:

As eahc method will make the capital gain or loss to differ the Internal Revenue Service leaves to the stockholder to decide the method

The default method is the FIFO method which states the first shares purchased are the first sale but, leaves choise to the stockhodler to use specific identification which, is what the statement correctly points out.

The method are not "required" but allowed as the stockholder see fit.

8 0
3 years ago
Is a company bonus earned income?
katrin2010 [14]
<span>Earned income typically includes salaries and bonuses, wages, commissions and tips. Union strike benefits are also considered earned income, as are long-term disability benefits received prior to minimum retirement age. So yes</span>
7 0
3 years ago
​several hours after eating, a chilled three-bean salad containing home-canned green beans, family members have difficulty breat
disa [49]
I'm not sure if there's ONE correct answer for this question.

the family should call 911 immediately, or another emergency phone hotline if needed. an allergic reaction is most likely happening, which is understandable because some allergies can actually be passed genetically.

let me know if this helps.
7 0
3 years ago
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