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ValentinkaMS [17]
3 years ago
7

During 2011, Simon Kidman, the sole shareholder of a calendar year S corporation, received a distribution of $75,000. On Decembe

r 31, 2010, his stock basis was $24,000. The corporation earned $50,000 ordinary income during the year. It has no accumulated E & P. Which statement is correct?
a. Kidman's stock basis will be $2,000
b. Kidman's return of capital is $50,000
c. Kidman recognizes a $1,000 LTCG
d. Kidman's ordinary income is $64,000
e. None of the above
Business
1 answer:
liraira [26]3 years ago
3 0

Answer: c. Kidman recognizes a $1,000 LTCG

Explanation:

Long term gain can be calculated by the formula:

Capital gain = Distribution received - Basis in stock - Ordinary income earned

= 75,000 - 24,000 - 50,000

= $1,000

Long Term Capital gain is therefore $1,000.

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Zona pharmaceuticals is a global pharmaceutical firm based out of Texas. It employs 3200 people who work all over the United Sta
Mashcka [7]

Answer: Define metrics to assess project progress and identify project-related risks

Explanation:

If Zona Pharmaceuticals decide to implement an enterprise resource planning management system in order to support product innovation and also to reduce the time to market a set of new products, the best way to avoid a failed enterprise system implementation is to define metrics in order to assess project progress and also identify project-related risks.

By defining metrics, this will show the progress of the project as the firm can see if the project is going according to plan and hasn't deviated from the goal. It is also vital to check any project related risks.

7 0
3 years ago
Need help 1.-10. A.-J.
Masteriza [31]

1. The Party ordered to pay a draft is the <u>drawee</u>

2. Instruction that directs a bank not to pay a check that has been lost or stolen is a <u>stop payment order</u>.

3. Party to whom commercial paper is made available is the <u>payee</u>.

4. Unconditional written order by one person that directs another person to pay money to a third person is a <u>bill of exchange.</u>

5. Type of draft by which a bank depositor orders the bank to pay money, usually to the order of a third party or to the bearer of the instrument is a <u>check</u>.

6. Person who executes or draws the draft and orders payment be made is the <u>drawer</u>.

7. The drawee's promise to pay the draft when due is called <u>acceptance</u>.

8. Unconditional written orders or promises to pay money are called <u>commercial paper.</u>

9. To refuse to pay when due is called <u>dishonor</u>.

10. The person who executes a promissory note is the <u>maker</u>.    

7 0
3 years ago
The goal of marketing is to both ________ the needs of prospective customers.
34kurt

-establish and assure

 -persuade and deliver

-improve and perfect

-discover and satisfy

-create and amplify

Answer:

discover and satisfy

Explanation:

Marketing is a process to attract customers by providing an offering that satisfies their needs and adds value to them in order to maintain long lasting relationships. According to this, the goal of marketing is to find what are the customers needs to be able to provide an offering that will add value to them and like that create a relationship.

Because of that, the answer is that the goal of marketing is to both discover and satisfy  the needs of prospective customers.

8 0
4 years ago
Johnson Electronics makes calculators. Consumer satisfaction is one of the top priorities of the company's management. The compa
dimulka [17.4K]

Answer:

the probability that exactly 30 of the 500 calculators IS 0.0495

Explanation:

Given data:

number of calculators n = 500,

percentage of defected calculators p = 0.05

From Normal approximation method;

&#10;X~Normal mean = 500\times 0.05 = 25,

s = \sqrt{n\times p\times (1-p)}

   = \sqrt{(500\times 0.05\times 0.95)} = 4.87&#10;

Therefore probability is

P(X= 30) = P(29.5< X< 30.5) ( from continuous correction)

&#10;=P[\frac{(29.5-25)}{4.87}] < \frac{(X-mean)}{s} < \frac{(30.5-25)}{4.87}&#10;&#10;=P(0.92

=0.0495 (from standard table of Z )

4 0
3 years ago
Theona Thief stole an expensive watch from Valerie Victim. Theona then sold it through the classifed ads to Andy. Andy had no re
makkiz [27]

Answer:

E) Valerie

Explanation:

Going by the information in the above question, Valerie gets the watch

According to the law, the Watch will belong to Valerie and not Billy, and for the reason that one cannot buy something from anyone which doesn't belong to them.

So, the initial transaction that took place with Theona and Andy was null and void as well as any subsequent transaction were also nullified.

4 0
3 years ago
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