What are 6 roles in the front of the house(restaurant)? listed in order from highest rank to lowest and why they're important.

Robert is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current

Arisa [49]

Answer:

a. $293,000

b. $203,000

Explanation:

a. What is Robert's qualified business income?

Robert's qualified business income is the net income minus Robert's salary. Since the salary of $87,900 has already been deducted, $293,000 is Robert's qualified business income.

b. What is Robert's qualified business income if you determined that reasonable compensation for someone with Robert's experience and responsibilities is $177,900?

Extra deductible salary = $177,900 - $87,900 = $90,000

New Robert's qualified business income = $293,000 - $90,000 = $203,000

3 0

3 years ago

2019 2018 2017 2016 2015 Sales $ 282,880 $ 270,800 $ 252,600 $ 234,560 $ 150,000 Cost of goods sold 128,200 122,080 115,280 106,

zhuklara [117]

Answer:

Sales

2019 Net Sales = 188.59%

2018 Net Sales = 180.53%

2017 Net Sales = 168.4%

2016 Net Sales = 156.37%

Cost of Goods Sold

2019Cost of Goods Sold = 191.34%

2018 Cost of Goods Sold = 182.21%

2017 Cost of Goods Sold = 172.06%

2016 Cost of Goods Sold = 158.87%

Accounts Receivable:

2019 Accounts Receivable = 201.11%

2018Accounts Receivable = 192.22%

2017Accounts Receivable = 182.22%

2016Accounts Receivable = 168.89%

Explanation:

Computation forn trend percents for the above accounts, using 2015 as the base year:

FOR SALES:

2019:

Net Sales = Sales 2019 / Sales 2015*100

Net Sales = $282,880 / $150,000 * 100

Net Sales = 188.59%

2018:

Net Sales = Sales 2018 / Sales 2015*100

Net Sales = $270,800 / $150,000 * 100

Net Sales = 180.53%

2017:

Net Sales = Sales 2017 / Sales 2015*100

Net Sales = $252,600 / $150,000 * 100

Net Sales = 168.4%

2016:

Net Sales = Sales 2016 / Sales 2015*100

Net Sales = $234,560 / $150,000 * 100

Net Sales = 156.37%

COST OF GOODS SOLD:

2019:

Cost of Goods Sold = Cost of Goods Sold 2019 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $128,200 / $67,000 * 100

Cost of Goods Sold = 191.34%

2018:

Cost of Goods Sold = Cost of Goods Sold 2018 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $122,080 / $67,000 * 100

Cost of Goods Sold = 182.21%

2017:

Cost of Goods Sold = Cost of Goods Sold 2017 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $115,280 / $67,000 * 100

Cost of Goods Sold = 172.06%

2016:

Cost of Goods Sold = Cost of Goods Sold 2016 / Cost of Goods Sold 2015 *100

Cost of Goods Sold = $106,440 / $67,000 * 100

Cost of Goods Sold = 158.87%

ACCOUNTS RECEIVABLE:

2019:

Accounts Receivable = Accounts Receivable 2019 / Accounts Receivable 2015 * 100

Accounts Receivable = $18,100 / $9,000 * 100

Accounts Receivable = 201.11%

2018:

Accounts Receivable = Accounts Receivable 2018 / Accounts Receivable 2015 * 100

Accounts Receivable = $17,300 / $9,000 * 100

Accounts Receivable = 192.22%

2017:

Accounts Receivable = Accounts Receivable 2017 / Accounts Receivable 2015 * 100

Accounts Receivable = $16,400 / $9,000 * 100

Accounts Receivable = 182.22%

2016:

Accounts Receivable = Accounts Receivable 2016 / Accounts Receivable 2015 * 100

Accounts Receivable = $15,200 / $9,000 * 100

Accounts Receivable = 168.89%

8 0

3 years ago

Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par

mestny [16]

Answer:

Date - - - - Acc title - - - - - - - - - - Dr--------Cr

--------------- Cash------------------- 24,000

-----------------common stock - - - - - - - - - -1000

----------------Add. P-in-cap-com - - - - - - 29000

Explanation:

Number of shares = 1000

Price per share = $24

Par value = $1

Cash (number of shares × price per share) 1000 × $24 = $24,000

Common stock (number of shares × par value) = 1000 × $1 = $1000

Add. p-in-cap-com = Additional paid in capital

4 0

3 years ago

_________is the chance that political forces may change a country's business environment in ways that lead investors to lose som

Zarrin [17]

Answer:

political risk

Explanation:

The government, specially when presidential election are in their way may generate political risk if there are some parties which aren¡t friendly-market. If the invesotr notice the possible new government will not pay their bonds debt or will do confiscation against foreing company's there will be a highly change that investor leave the country.

3 0

2 years ago

Dividing Partnership Net Loss Leigh Meadows and Byron Leef formed a partnership in which the partnership agreement provided for

Dahasolnce [82]

Answer:

Byron net loss=$12,187.50

Meadows net loss=(0.53125×26,000)=$13,812.50

Explanation:

Step 1: Determine total amount contributed by both partners

Meadows=$51,000

Byron=$45,000

Total amount contributed by both=Amount contributed by Meadows+Amount contributed by Byron

where;

Amount contributed by Meadows=$51,000

Amount contributed by Byron=$45,000

Substituting;

Total amount contributed by both=(51,000+45,000)=$96,000

Total amount contributed by both=$96,000

Step 2: Determine proportionate amount contributed by each partner

Proportion contributed by Meadows=Amount contributed by Meadows/Total amount contributed by both

where;

Amount contributed by Meadows=$51,000

Total amount contributed by both=$96,000

Substituting;

Proportion contributed by Meadows=(51,000/96,000)=0.53125

Proportion contributed by Byron=Amount contributed by Byron/Total amount contributed by both

where;

Amount contributed by Byron=$45,000

Total amount contributed by both=$96,000

Substituting;

Proportion contributed by Byron=(45,000/96,000)=0.46875

Step 3: Determine proportionate division of net loss

Proportion division to Byron=(0.46875×26,000)=$12,187.50

Proportion division to Meadows=(0.53125×26,000)=$13,812.50

7 0

3 years ago