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olganol [36]
3 years ago
14

Assuming that all other requirements are met, a corporation may elect to be treated as an s corporation under the internal reven

ue code if it has:
Business
1 answer:
gayaneshka [121]3 years ago
6 0
<span>Assuming that all other requirements are met, a corporation may elect to be treated as an s corporation under the internal revenue code if it has </span>seventy-five or fewer stockholders.

S corporations are ordinary business corporations that <span><span>has between 1 and 100 shareholders and</span> elect to pass corporate income, losses, deductions, and credit through to their shareholders for federal tax purposes.</span>

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As a graphic artist, Randy has just finished a new calendar. The calendar cost him $1.00 for the glossy paper, $3.00 for the six
Yanka [14]

Answer:

Break-even units = 66.67 units

Explanation:

<em>Break-even point is the level of activity that achieves no profit or loss. At this level profit is zero because the the total revenue is equal to total cost.</em>

<em>The break-even point is calculated as </em>

<em>Units to achieve target profit = (Total general fixed cost for the period + target profit)/ contribution per unit</em>

Contribution per unit = Selling Price - Variable cost

Contribution per unit = 15- (1+3+0.50) = 10.5

Fixed cost = 500 +( 50× 4) = 700

So the units requited to achieve break-even point:

Break-even point =  700/10.5

                            = 66.67 units

4 0
3 years ago
One reason buy a home instead of rent a home is
xxTIMURxx [149]
<span>By renting a home instead of purchasing one, you are paying someone else's mortgage every month and getting nothing in return. While you are gaining a home to live in for the short term, in the long term you will gain nothing. When you purchase a home you will have a home that you own and that you cannot be evicted from as long as you pay your mortgage.</span>
4 0
3 years ago
Television programs are nonrivalous because:_______
Scilla [17]

Answer:

(B) more than one person can consume the same unit of the good at the same time.

Explanation:

A service is rival in consumption if the same unit of the good cannot be consumed by more than one person at the same time and nonrival in consumption if more than one person can consume the same unit of the good at the same time.

8 0
3 years ago
A farmer grows a bushel of wheat and sells it to a miller for $1. The miller turns the wheat into flour and then sells the flour
SIZIF [17.4K]

Answer: Value added by farmer = $1 Value added by miller = $2  Value added by the baker =  $3

GDP contribution is $6.

Explanation: GDP refers to the market value of final goods and services produced withing the national territory of a country.

Using the value added method, we can calculate GDP by summing up the value added at each level of production.

Value added by farmer = $1 Value added by miller = $3 -$1 = $2  Value added by the baker = $6 - $3 = $3

GDP = Value added by the farmer +Value added by the miller + Value added by the baker  = $1 + $2 +$3 =$6

Or

Using the expenditure approach, GDP is the market value of the final good sold to the customer.

GDP = Cost of bread to the engineer = $6

6 0
3 years ago
A company has two departments, Y and Z that incur wage expenses. An analysis of the total wage expense of $19,000 indicates that
Xelga [282]

Answer:

Departmental wage expenses for Dept. Y = 8,750 and Dept. Z = 10,250.

Explanation:

Direct wages of Y and Z sum 2,000 + 3,500 = 5,500. The remaining expenses are the difference between total wage expense and direct wage expenses. That means indirect expenses are 19,000 - 5,500 = 13,500. These has to be allocated half for each department.

  • Dept Y expense is 2,000 + 13,500/2 = 2,000 + 6,750 = 8,750
  • Dept Z expense is 3,500 + 13,500/2 = 3,500 + 6,750 = 10,250
8 0
3 years ago
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