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pshichka [43]
3 years ago
7

The following selected data pertain to Flagship Corporation: Cash operating expenses July 1-31 Depreciation Merchandise purchase

s in July Estimated payments in July for June purchases Estimated payments in July for purchases prior to June Estimated payments in July for purchases in July s 180,000 60,000 560,000 220,000 50,000 40 % July's cash disbursements are expected to be:________. A) $464,000 B) $734,000 C) S404,000. D) $674,000. E) None of the answers is correct.
Business
1 answer:
Colt1911 [192]3 years ago
4 0

Answer:

D) $674,000

Explanation:

Calculation to determine what July's cash disbursements are expected to be:

July's cash disbursements =$180,000 + ($560,000 x 40%) + $220,000 + $50,000

July's cash disbursements = $674,000

Therefore July's cash disbursements are expected to be:$674,000

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industrial products

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A company that does this and mostly favors a push strategy is usually selling industrial products. That is because a push strategy focuses on taking the product to the potential customer and showing them how it works as well as how it can benefit them, therefore pushing the product on them. Industrial Products are great for such a strategy since they require actual demonstration and can easily show the potential customer the actual value that the product can provide.

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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
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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.

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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.

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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

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