As an employer, you need to provide ___________ to an employee before that person can fill out their tax return.

Shoe Box Stores is currently an all-equity firm with 25,000 shares of stock outstanding. Management is considering changing the

notka56 [123]

Answer: d. Sell 210 shares and loan out the proceeds at 8 percent

Explanation:

Because the Firm wants to use a Debt to Equity Capital structure instead of an All Equity structure, she can lend money out at the company interest rate to NEGATE the conversion.

She can do this by selling 35% of her portfolio and loaning it out at 8%

35 % of her Portfolio would be,

= 0.35 * 600

= 210 shares

So she can sell 210 shares and loan at the proceeds at 8% to offset the Company's conversion

8 0

3 years ago

Wayman Corporation reports the following amounts in its December 31, 2018, income statement. Sales revenue $ 376,000 Income tax

NemiM [27]

Answer:

Wayman Corporation

Income statement for the year ended December 31, 2018

Amount in $ Amount in $

Sales revenue 432,000

Cost of goods sold (136,000)

Gross profit 296,000

Operating expenses

Salaries expense 46,000

Advertising expense 36,000

Utilities expense 56,000 (138,000)

Operating income 158,000

Non-operating or other

Interest expense (26,000)

Income before income taxes 132,000

Income tax expense (56,000)

Net income  76,000

Explanation:

A multiple income statement is one in which incomes and expenses are classified under operating and non-operating heads. Like other forms of income statement, it shows the income and expenses of an entity for a given period of time.

5 0

3 years ago

Startup firms can struggle to gain lower prices from rivals, but FreshDirect seems to have found several ways to gain lower supp

chubhunter [2.5K]

Answer:

D. FreshDirect shares warehouse space with farmers and livestock producers

Explanation:

FreshDirect does not share its own resources with the supplier in order to get a lower rate. If it does that , he would be practicing a business model which has different entities attached to each other to work for greater goal.

Here, this is not the case. FreshDirect tends to look for out of the box ways to lower supplier cost but "FreshDirect shares warehouse space with farmers and livestock producers" is not one of those ways.

8 0

3 years ago

Pina Corporation began operations on January 1, 2014. During its first 3 years of operations, Pina reported net income and decla

Sophie [7]

Answer:

The retained earnings statement showed a closing retained earnings of $226,120.00 as at 2017 year end.

Explanation:

In arriving at the closing retained earnings , I treated prior items retrospectively- that is as if the impact of such items have been in the accounts from day one,less the tax effect of all items involved.

For instance ,I deducted the understatement of depreciation in 2015 less of tax impact of 40%

Kindly find attached for details.

Download xlsx

7 0

3 years ago

Carlotta Rodriguez purchased six bushes for $19.27 each, a porch swing for $88.22, and a gas grill for $321.77. She must pay the

puteri [66]

19.27+88.22+321.77=429.26

4.5+2=6.5

429.26 x 1.065 = 457.1619

Answer = $457.16

5 0

4 years ago

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