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SCORPION-xisa [38]
2 years ago
9

Assume you plan to start a new enterprise; you know the probability of having losses for the first three years of operations is

almost 90 percent, and you know you will report a substantial amount of income from other sources during those same three years. From a tax perspective, which of the following entity choices would not allow you to offset the entity losses against your income from other sources?A. C corporation.B. LLC.C. General partnership.D. S corporation.
Business
1 answer:
Gnesinka [82]2 years ago
6 0

Answer:

A. C corporation.

Explanation:

In the case of c corporation, it does not permit for setting off the business or entity loss that opposed to the income held from the other sources

so in the given scase, the c corporation does not permit for offsetting the losses

And, rest of the options should be permitted for the same

therefore the option a is correct

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Soundgarden Company sold 200 color laser copiers on July 10, 2020, for $4,000 apiece, together with a 1-year warranty. Maintenan
ziro4ka [17]

Answer:

Soundgarden Company

Journal Entries:

July 10, 2020:

Debit Cash Account (or Accounts Receivable) $800,000

Credit Sales Revenue $800,000

To record the sale of 200 copiers at $4,000 apiece.

July 10, 2020:

Debit Warranty Expense $66,000

Credit Warranty Liability $66,000

To record the estimated warranty maintenance on copiers sold.

December 31:

Debit Warranty Liability $17,000

Credit Inventory $17,000

To record actual warranty costs incurred.

Explanation:

Soundgarden should record these transactions according to the matching principle, whereby warranty expense is recognized in the period that matches the sale so that all expenses related to sales are recognized when the sales are recognized.  This is achieved by creating a warranty liability account after the sales and recording a warranty expense as the debit entry.  When actual warranty costs are incurred, the Soundgarden Company will debit the warranty liability and credit the inventory actual for the actual costs.

7 0
3 years ago
Assume you own and operate a small advertising business that employs 25 people. With increased health care costs and related ins
Tcecarenko [31]

Answer: (C) Safety and security needs

Explanation:

  The Safety and the security needs are one of the type of Maslow's hierarchy model that helps us to protect from the job security, safe and the healthy environment. The safety and the security are the basic physiological needs that is necessary for survival to each person.

 According to the given question, the decision made by an organization may cause the employees concerned about their safety and the various types of security requirement as employees can concentrate on given task in the healthy work environment only.

 It is also helps in increase the productivity as well as growth of the business and an organization. Therefore, Option (C) is correct answer.      

 

5 0
3 years ago
How does an increase in the price of laptop memory chips affect the market of laptops?
quester [9]

If the laptop supply curve shifts to the left, an increase in memory chip prices will have an impact on the market for laptops.

The relationship between product price and the amount of product a market seller is willing and able to supply is graphically represented by the supply curve in economics. The graph's vertical axis represents product price, and its horizontal axis represents the amount of the product supplied.

Since product price and quantity supplied are directly related, the supply curve is typically depicted as a slope rising upward from left to right. This marketrelationship depends on a number of ceteris paribus (other things being equal) conditions holding true. The number of sellers on the market, the supply curve level of technology, the cost of production, and the seller's price are a few examples of such factors.

Learn more about supply curve here

brainly.com/question/6075885

#SPJ4

4 0
1 year ago
The Boeing Company created a team made up of employees at the same level from production, planning, quality control, tooling, de
SCORPION-xisa [38]

i am a troll im here just to mess with people after i do this i with go on my main account and answer you question

5 0
3 years ago
If GNP is​ $600 billion, receipts of factor income from the rest of the world are​ $50 billion, and payments of factor income to
exis [7]

Answer:

$580 billion

Explanation:

Given that

GNP = $600 billion

Receipts of factor income from the rest of the world = $50 billion

Payments of factor income to the rest of the world = $30 billion

So, The computation of the GDP is shown below:

= GNP - Receipts of factor income from the rest of the world + Payments of factor income to the rest of the world

= $600 billion - $50 billion + $30 billion

= $580 billion

5 0
3 years ago
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