Both individuals and organizations can be consumers. O True O False

Problem 5-24 (Algorithmic) (LO. 1, 4) At the start of the current year, Blue Corporation (a calendar year taxpayer) has accumula

Nitella [24]

Answer:

Explanation:

Pam and Jon's dividend income of $134,500 each [($185,000 Accumulated E&P + $111,000 current E&P) / 2],

Statement of distribution for shareholders for tax purpose :-

Pam Jon

Total distribution $185,000 $185,000

less: Dividend income $134,500 $134,500

$50,500 $50,500

less : Stock basis $25,900 $103,600

Capital gain $24,600 $0

Pam has a taxable gain of $24,600 which reduces the stock basis to $0, whereas Jon has not any taxable gain but the stock basis has reduced to $53,100 [$103,600- $50,500]

5 0

2 years ago

ABC Mechanics charges an estimate fee of $100 plus $40 per hour, x, in labor. XYZ Mechanics charges an estimate fee of $65 plus

Dima020 [189]

Answer:

5 hours would work! Hope it helps!

Explanation:

100 off top!

40 in labor for each hour

40 times 5 is 200

so that would cost 300

for xyz

65 off top and 50 in labor for each hour

5 times 50 is 250

250 plus 65 is 315 !

7 0

2 years ago

When you've carefully checked all the facts and your attitudes and still find that there's "just something" about your superviso

Nataly [62]

True you should always suspect it and try to fix it

6 0

2 years ago

Beverley wants to sign up for time warner cable internet onlnie. she has the option to choose residential or business services.

Sindrei [870]

Choose a different server

6 0

2 years ago

You just won the Powerball and are offered two payment options: 1) Receiving $80 million per year for 25 years beginning at next

laila [671]

Answer: $80 million per year for 25 years

Explanation:

The option you should choose is one that will guarantee you the highest present value.

This means that you need to discount the annual payment of $80 million per year for 25 years to find the present value. As you did not include a rate, we shall assume a rate of 8% for reference purposes.

The annual payment is an annuity so the present value can be calculated by:

Present value of annuity = Annuity payment * Present value interest factor, rate, no. of years

= 80,000,000 * Present value interest factor, 8%, 25 years

= 80,000,000 * 10.6748

= $‭853,984,000‬

The present value of the annual payment is more than the present value of the $850 million received today so the Annual payment should be taken. 

7 0

2 years ago