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marysya [2.9K]
3 years ago
8

Sigma Corporation owns 80% of the stock of Epsilon Corporation, which pays it a dividend of $100,000. Sigma Corporation also own

s 20% of the stock of Intergalactic Corporation, which pays it a $40,000 dividend. Assuming the taxable income limitation does not apply, how much is Sigma Corporation's dividend received deduction for the year?
a. $126,000.
b. $98,000.
c. $118,000.
d. $132,000.
e. none of the above.
Business
1 answer:
kvv77 [185]3 years ago
6 0

Answer:

d. $132,000

Explanation:

Sigma Corporation holds the stock of Epsilon Corporation and is subsidiary for the Sigma. The dividend declared by of $100,000 is entirely for the sigma whereas Sigma Corporation also holds 20% of the shares of Intergalactic Corporation. The dividend of $40,000 will be calculated in the dividend amount of Sigma but 20% will be deducted.

$100,000 + $40,000 * 80% = $132,000

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Scrappers Supplies tracks the number of units purchased and sold throughout each accounting period but applies its inventory cos
elena-s [515]

Answer:Inventory on hand Balance at the end = $4620

Explanation:

The question is unclear with regards to the requirements. however having dealt with questions of this nature in the past, I will assume the question requires us to calculate the cost of inventory on hand.

Opening Inventory balance = 180 x $28 =$5040

Purchased inventory = 290 x $30 = $8700

Cash sale (330 x $44) = $14520

Purchase inventory (230 x 34 ) = $7820

Cash sale (55 x $44) = $2420

Inventory on hand Balance = 5040+ 8700 - 14520 + 7820 - 2420

Inventory on hand Balance at the end = 4620 = $4620

8 0
3 years ago
Hong invested his savings in two investment funds. The 5000 that he invested in Fund A returned a 3% profit. The amount that he
Snowcat [4.5K]

Answer:

amount invest in B is 2000

Explanation:

given data

invested in Fund A = 5000

return profit A = 3%

return profit B = 10%

both together returned profit =  5%

solution

we consider here amount invest in B = x

so profit from fund B is

profit from fund B =  10% ×  x = 0.1 x

and

profit from fund A = 5000 × 3% = 150

so total profit = 0.1x + 150

and total profit = 5%

so we can say

5%  = \frac{0.1x+150}{5000+x}

solve it we get

x = 2000

so amount invest in B is 2000

3 0
3 years ago
Property A is a self storage facility with a going cap rate of 6.0%. Property B is an office building with a going cap rate of 6
hjlf

Answer:

Worth of both the property will be same.

Explanation:

Data provided in the question:

Cap rate for the Property A which is a self storage capacity = 6%

Cap rate for the Property B which is an office building = 6%

NOI of both the buildings are equal

Now,

Mathematically,

Cap rate is given as = [ NOI ] ÷ [ Worth of the property ]

or

Worth of the property =  [ NOI ] ÷ [ Cap rate ]

Since, the NOI and cap rate for both the buildings are same

Therefore,

Worth of both the property will be same.

3 0
3 years ago
When deciding on a career path, what is a good step to take after setting the basic career requirements?
Lerok [7]
I would say that once the basic career requirements are decided on then one should do C. make a list of colleges you want to apply to. In this way you will be able to find out the colleges that offer your field of interest and you will be able to check on the quality of their courses and instruction.
8 0
3 years ago
Read 2 more answers
As the information technology advances and consumers buy products requiring more and more technology, the wages of people with h
Katyanochek1 [597]

Answer:

b. increase as the demand for high tech skills increases.

Explanation:

Due to the fact that the demand for technological products is increasing, the demand for people who possess high tech skills would also increase as firms would want to provide more tech products to satisfy the demand of consumers.

This would lead to an increase the demand for people with high tech skills. When demand exceeds supply, wages would rise.

I hope my answer helps you

6 0
3 years ago
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