Answer:
The answer is: Rose will be taxed as receiving a $15,000 dividend distribution.
Explanation:
Since Parent Corporation owns 70% of Child Corporation, for tax purposes they are considered as one single firm. Rose is the main stockholder of Parent Co. so for tax purposes she is also a stockholder in Child Co. When Child Co. gives her $15,000 in exchange for Parent Co. stock, this would be considered as a dividend distribution rather a stock sale.
Answer:
Cost variance= 7 unfavorable
Explanation:
Giving the following information:
Each bat requires 1 kg of aluminum at $18 per kg and 0.25 direct labor hours at $20 per hour. Overhead is assigned at the rate of $40 per direct labor hour. Assume the actual cost to manufacture one metal bat was $40.
Estimated cost= 18 + 0.25*20 + 0.25*40= 33
Actual cost= 40
Cost variance= 7 unfavorable
Answer:
the total deductions on their schedule Cs for special clothing and uniforms is <u>$750</u>
Explanation:
Now you have to know that Brandy's jeans and her laundry cannot be deductible. if her shirt is to be deductible,then it should have the id of the company on it. But we are told that they are just regular work wears.
the calculations are as follows:-
cooper's uniform through the year = $395
cooper's laundry = $175
cooper's altering allowances = $65
Brandy's safety glasses and shoes when working = $115
summing these up
395 + 175 + 65 + 115
= $750
the total deductions on schedule Cs is $750
<u>note:</u>
<u>note:the second question you posted is the same as the first. so the answer is the same</u>
Answer:
elastic, because many other firms produce the same standardized product
Explanation:
A good has perfect price elasticity when a change in price leads to an infinite change of quantity demanded.
A perfect competition is when there are many buyers of homogenous goods and services. The sellers are price takers; prices are set by the market force.
A perfect competition has perfect price elasticity because goods sold are standardised and identical with other goods in the market. If the seller increases its price, it's demand would fall to zero as consumers would shift demand to other subsituite goods.
I hope my answer helps you.
