1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melomori [17]
3 years ago
7

What amount would Becca declare on her income tax return if Becca and Suzanne had formed a Subchapter S corporation and there wa

s no provision in their agreement on how profits are to be split? a. ​the full $275,000 b. ​$137,500 c. ​the Subchapter S corporation must retain at least half of the $275,000 and Becca reports half of $137,500 d. ​nothing, because the Subchapter S corporation reports that income and pays the taxes
Business
1 answer:
trapecia [35]3 years ago
7 0

Answer: B. 137,500

Explanation: since there was no provision in their agreement on how profits are to be split,

The full profit after expenses will be split/shared equally for peace sake.

ie $275,000÷2 = $137,500

Also, following Subchapter S corporation; it requires that  all the owners be treated the same way in terms of their shares of the firm’s operating profits, liquidation profits, and distributions of those profits.

You might be interested in
If traders in a market have rational​ expectations, then A. prices of riskier assets are higher than prices of less risky assets
cricket20 [7]

Answer:

B. the price of an asset equals its fundamental value.

Explanation:

  • If the traders in the market have a rational expectation then the price of the asset is equal to the fundamental values and if a stocks is trading at a price at its fundamental values then the investor will be making a rational expectation.
7 0
3 years ago
Depending on a person's _____, he or she may be held to a higher standard of care.
nalin [4]
I believe it’s Profession
3 0
3 years ago
A family eats out at a restaurant and the total for their meals is $73.89. They also pay sales tax of 5.8% and leave a tip for t
Mashcka [7]
<span>The answer is They left a 20% tip, so the service was probably above average. First step is to the amount of the sales tax. If 100% is $73.89, 5.8% will be x (tax): 100% : $73.89 = 5.8% : x. x = $73.89 * 5.8% : 100%. x = $4.28. Now, we have the price for meals, sales tax, and the total amount of money left, so we can calculate how much the tip is: $93.00 - $73.89 - $4.28 = $14.83. So, the tip is $14.83. Let represent it as percent. If $73.89 is 100%, $14.83 will be x. $73.89 : 100% = $14.83 : x. x = $14.83 * 100% : $73.89. x = 20%. So, they left a 20% tip, so the service was probably above average.</span>
4 0
4 years ago
Read 2 more answers
Why must real options have positive​ value? ​(Select all the choices that​ apply.)
yarga [219]

Answer:

A. Real options must have positive value becasue they are only exercised when doing so would increase the value of the investment.

B. If exercisung the real option would reduce value, managers ca allow the option to go unexercised.

D, Having the real option but not the obligation to act is valuabale.

Explanation:

Because real option are options or choices made available to managers of a firm concerning investment their choices are meant to bring about a positive growth and return on the investments.

So if any of the choices presented to these managers are going to reduce the values or have other negative impacts on the investment and its value, then the option which is the real option or ideal option canbe forgone.

Cheers.  

5 0
3 years ago
Awnings Incorporated has beginning net fixed assets of $234,100 and ending net fixed assets of $243,600. Assets valued at $42,50
Elis [28]

Answer:

Option (c) is correct.

Explanation:

Given that,

Beginning net fixed assets = $234,100

Ending net fixed assets = $243,600

Assets were sold during the year = $42,500

Depreciation = $62,500

Net capital spending:

= Ending net fixed assets - Beginning net fixed assets + Depreciation

= $243,600 - $234,100 + $62,500

= $72,000

Therefore, the amount of net capital spending is $72,000.

3 0
3 years ago
Other questions:
  • What is the purpose of informational interviews?
    15·1 answer
  • During the recession of 2007−2009, the u.s. federal government's tax collections fell from about $2.6 trillion down to about $2.
    13·1 answer
  • The Internet can be accessed through a(n) (1 point)<br> ISP.<br> DSL.<br> router.<br> WWW.
    14·1 answer
  • Suppose you are willing to pay ​$1,000 for a​ low-quality used car and ​$8,000 for a​ high-quality used car. If there is a 60 pe
    9·1 answer
  • Caddie Manufacturing has a target debt-equity ratio of .95. Its cost of equity is 11 percent, and its pretax cost of debt is 7 p
    14·1 answer
  • -h, a student ofColumbia University, foundthat many of his classmateshad purchased an iPadtablet from Apple. Severalmonths after
    10·1 answer
  • Gothic Architecture is a new chain of clothing stores specializing in the color black. Gothic issues 1,000 shares of its $1 par
    15·1 answer
  • Mention the major job of Pharmacy​
    8·2 answers
  • Why two types of revenues are important when starting a business?
    14·1 answer
  • cnn.com runs a story reporting that the consumer confidence index has risen. having taken an economics class, you predict that s
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!