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4vir4ik [10]
3 years ago
9

Mark and Anthony are business partners of a franchised bakery. They have reached the end of the current financial year, and they

assume that they must pay taxes. Since they have a partnership agreement, what must they submit?
A. Income tax return
B. information return
C. IRS tax claim
D. article of organization
E. policy document
Business
1 answer:
FinnZ [79.3K]3 years ago
3 0

Answer:

B. Information return

Explanation:

Corporations, trusts, individuals, estates, partnerships, that engage in business or trade and make transactions which are reportable shall report the transactions by filing an information return with the IRS, that indicates the amount a person received as payment within the calendar year on which the information return is based

The details on the information return can be used for ensuring that the tax returns are correctly filed

Payments made by owners of businesses such as compensation for nonemployee and employee requires the filing of an information return

It is important to save a copy of the information returns being filed each year

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Different prices are commonly charged to different groups of consumers for tickets at movie theaters, whereas the groups are cha
ankoles [38]
I think the explanation of this manner is that the concession items have a high-profit margin. It has more sales than the theater tickets. So to avoid the possible losses of income, the theater decides to make the prices of each item of concession stand must be the same to a different group of people. 
4 0
4 years ago
Aisha is an employee at Bento Food Mart. Aisha is called for jury duty and as a result cannot work her scheduled shift. Bento fi
makkiz [27]

Option a, With respect to the employment-at-will doctrine, this is an example of the doctrine .

<u>Explanation: </u>

Under labor law reintegration applies to the reinstatement of the employee into a position he has quit without losing seniority or other benefits. Typically required, along with the severance pay, under unfair situations, by an organization such as the National Labor Relations Board or the judiciary

Reinstatement is open for those who have served a government job or work position in the past. The reinstallation privilege does not; however ensure an offer to work.

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4 0
3 years ago
A 25-year, annual coupon bond is priced at $1,105.63. The bond has a $1,000 face value and a yield to maturity of 7.28 percent.
Hunter-Best [27]

Answer:

8.21%

Explanation:

The computation of the coupon rate is given below:

But before that PMT would be determined

Given that

NPER 25

RATE 7.28%

PV $1,105.63

FV $1,000

The formula is shown below:

=PMT(RATE,NPER,PV,FV,TYPE)

The present value comes in negative

After applying the above formula, the PMT is $82.09

Now the coupon rate is

= $82.09 ÷ $1,000

= 8.21%

8 0
3 years ago
List the steps in allocating costs to operating departments and preparing departmental income statements, with the first step on
Amiraneli [1.4K]

Accumulate sales, direct expenses, indirect expenses by department toggle button Accumulate sales, direct expenses, indirect expenses by department.

<h3>What is direct expenses?</h3>

A direct expense is one that is proportional to the volume of a cost object. Any item for which you are assessing expenses, including as items, product lines, services, sales areas, workers, and consumers, is referred to be a cost object.

Thus, option A is correct

For further details about direct expenses, click here:

brainly.com/question/3464708

#SPJ1

5 0
2 years ago
Andy, a salesperson for Fashion Seal Uniforms, tells the owner of a retirement home about the importance of caregivers having cl
choli [55]

Answer:

Exploration

Explanation:

The exploration phase of the relationship development process occurs when both parties (seller and buyer) test the actions of the other party. Both parties will explore or try how the business relationship may develop, since they are not committed yet to start a relationship.

The owner accepted to purchase a small number of uniforms to try how good or bad they are. Andy is also testing if what the owner says is true about opening new centers and needing a lot of uniforms before making an offer for a larger lot.

7 0
4 years ago
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