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chubhunter [2.5K]
3 years ago
13

Wanda is the Chief Executive Officer of Pink corporation, a publicly traded, calendar year C corporation. For the current year,

Wanda's compensation package consists of: Cash compensation $ 2,500,000 Nontaxable fringe benefits 250,000 Taxable fringe benefits 150,000 Bonus tied to company performance 2,000,000How much of Wanda's compensation is deductible by Pink Corporation?
Business
1 answer:
Lemur [1.5K]3 years ago
8 0

Answer:

$1,250,000

Explanation:

Given that

Cash compensation = $2,500,000

The computation of Wanda's compensation is deductible is shown below:-

Wanda's compensation is deductible = cash compensation × deductible percentage

= $2,500,000 × 50%

= $1,250,000

Therefore for computing the Wanda's compensation is deductible by Pink corporation we simply multiply the cash compensation with deductible percentage.

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The determination of the productivity of the inputs utilised in the manufacturing process is a critical component of management
Klio2033 [76]

The significance of Total product, Average product, and Marginal product is that they show how effective, and efficient a manufacturing process is.

<h3>How do these metrics show productivity?</h3>

Taking the labor component in production as an example, one can see the impact of these metrics.

The total product will show just how much goods and services in total that the given amount of labor was able to produce. This gives management an idea of the effectiveness of the labor in producing goods and services.

The average product then shows how efficient labor is because it gives an idea of the products produced per labor.

Marginal product is very important as well because it helps management to know when to stop hiring labor. This point will be the production level that sees the marginal product being less than the cost of hiring additional labor.

These three metrics are therefore important to management because they help to determine effectiveness, efficiency, and cost of production.

Find out more on marginal product at brainly.com/question/24698689.

7 0
2 years ago
Peachtree Company borrows $30,000 from the local bank at 7% interest. The term of the note is five years, and the annual payment
grandymaker [24]

Answer:

B

Explanation:

Here, in this question, we are asked to determine the decrease in notes payable that peachtree should record in the first year.

To determine this, we proceed as follows;

Interest payment for the first year = 30000*7% i.e 2100

Principal amount paid = Total amount paid - Interest amount

= 7317 -2100 i.e 5217

Notes payable should be reduced by 5217

4 0
2 years ago
Read 2 more answers
You buy a share of The Ludwig Corporation stock for $21.70. You expect it to pay dividends of $1.00, $1.16, and $1.3456 in Years
Vesnalui [34]

Answer:

g = 16%

dividends yield:

Year 1 4.60%

Year 3: 4.78%

<u>expected rate of return: </u>

year 1 20.6%

year 3 20.78%

<u></u>

Explanation:

<u>grow rate:</u>

D1 /D0 = g

1.16/1.00 - 1 = 0.16

1.3456/1.16 - 1 = 0.16

the grow rate is 16%

<u>dividend yield:</u>

dividends/stock price =  dividend yield

1/21.7 = 0,0460 = 4.60%

1.3456/28.15 = 0,04780 = 4.78%

<u>expected rate of return: </u>

dividend yield + grow rate

4.60% + 16% = 20.6%

4.78% + 16% = 20.78%

8 0
3 years ago
Grocery Corporation received $330,654 for 9.50 percent bonds issued on January 1, 2018, at a market interest rate of 6.50 percen
andre [41]

Answer:

Explanation:

Issue price of bond = $330,654

Face Value = $272000

Premium on issue of bond = $330,654 - $272000 = 58654

Journal entry for bond issuance:

Cash Dr $330,654

Bonds Payable $272000

Premium on Bonds payable $58654

(Being bond issued at a premium of $58654)

As per effective interest method, interest expense = market rate * book value of bond

= 6.5% * $330,654 = $21492.5

Cash interest = $272000 * 9.5% = $25840

Premium to be amortized on interest date = $25840 - $21492.5 = $4347.5 or $4348

Journal entry for interest payment on December 31:

Account                            Financial            Issuance  Interest paid

                                         Statement    

Bonds payable                 Balance Sheet  272000  

Discount on Bonds payable  NA                NA                     NA  

Interest expense               Income Statement   0                 21492.5

Premium on Bonds Payable     Balance Sheet  58654          -3813

   

Note: Interest expense for the year:    

Interest to be paid ($272000 * 9.5%)                25840  

Less: Amortization of Premium (58654/6.5)      3813  

Interest expense                                                21492.5  

   

Journal entry:    

Interest expense Dr.                                          21492.5  

Premium on Bonds payable Dr.                          3813  

       Cash Account                                                                 25306  

Note: here, it has been premium has been written on Straight line basis.

3 0
2 years ago
How do I view my work schedule Six Flags?
Black_prince [1.1K]

Answer:

you should have an username and password and just log in with six flag . try going to https://six.flag.team

Explanation:

I hope that help you

5 0
3 years ago
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