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3 years ago

What is the best source of information to use when purchasing a new car?

1 answer:

3 0

Unpaid reviews on reputable car sites.

social media spreads lies, car salesman might lie about the car in order to make a sale, and an ad will do the same.

You might be interested in

The Dot Corporation has changed its year-end from a calendar year-end to August 31. The income for its short period from January

Scilla [17]

Answer:

$10,527

Step by step Explanation:

Ist January to 31 August is 8 months

Therefore;

$54,000 x 12/8 = 81,000

15% x 50,000 = 7,500

25% x 25,000 = 6,250

34% x 6,000 = 2,040

7,500 + 6,250 + 2,040 = 15,790

Short period = 15,790 x 8/12 = $10,526.673.

Therefore The tax for this short period is $10,526.673 approximately $10,527

3 0

3 years ago

Whindy Corporation, an S corporation, reports a recognized built-in gain of $80,000 and a recognized built-in loss of $10,000 th

mihalych1998 [28]

Answer:

Built-in gains tax is $13,020 .

Explanation:

The built-in gains tax is one levied against an S corporation that used to be a C corporation, or received assets from a C corporation.

Here,

Gain= $80,000

Loss= $10,000

Holds= $8,000

Income= $65,000

Corporate tax= 21%

To calculate the built-in gains tax, we will need to calculate the net gain of the corporation and multiply it by the tax rate.

= Built-in-gain - built-in-loss - unexpired NOL

80,000 - 10,000 - 8,000 = 62,000

Then

62,000 x 0.21 tax rate = 13,020

= 13,020

4 0

3 years ago

Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally,

lara [203]

Answer:

B. Joint venture

On a Joint venture, Axiom will have partner which share the risk and cost of the project.

Also this partners can be local companies with knowledge ofthe Chinese market.

Axiom will have limited liability until his contribution.

It will generate new jobs in the country and include local business persons, this will be politically acceptable

This option has everything Axiom is looking for.

Explanation:

A.- if Axiom uses a subsidiary it will not have access to local knowledge. Also it will be the same entity, so it won't be sharing the cost.

It won't be what the company need

C.- if exporting it will not be expanding inside the country. Also it will not provide local knowledge or share the cost with a third party. The goverment may create additional tariff or market cuota or any other barrier to protect national companies.

It won't be what the company need

E.- Licensing: will be selling the brand name or product to a third party. It will not be part of the revenue stream entirely. A third party with knowledge of the market will exploit the benefit.

D. Greenfield investments: The company will establishes operations on the country. It will have a high cost, but will get the goverment approval for the jobs created in China. However it will be Axiom who takes the cost and risk for the entire investment.

These two are partially suitable, but with some backwards

5 0

3 years ago

Morrow Inc. uses the percentage of credit sales method of estimating doubtful accounts. The Allowance for Doubtful Accounts has

Black_prince [1.1K]

Answer:

$9,400

Explanation:

The computation of ending balance in the Allowance for Doubtful Accounts account is shown below:-

The ending balance in the Allowance for Doubtful Accounts account = Net credit sales × Bad debt losses + Unadjusted credit balance

= $190,000 × 3% + $3,700

= $5,700 +$3,700

= $9,400

Therefore for computing the ending balance in the Allowance for Doubtful Accounts account we simply applied the above formula.

7 0

3 years ago

Suppose Mike wants to pay efficiency wages to help in the construction of his beach home. If the prevailing wage rate for electr

Alekssandra [29.7K]

Answer:

The answer to the question is c

4 0

3 years ago