Answer:
$129,600
Explanation:
Calculation for want the total budgeted manufacturing overhead for october is
Using this formula
Total budgeted manufacturing overhead = Variable manufacturing overhead + Fixed manufacturing overhead
Let plug in the formula
Total budgeted manufacturing overhead= (8,000 × $1.70) + $116,000
Total budgeted manufacturing overhead = $13,600 + $116,000
Total budgeted manufacturing overhead= $129,600
Therefore the total budgeted manufacturing overhead for october is $129,600
Answer:
amount recognized gain = $7500
Explanation:
given data
profits = $500,000
basis = $67,500
fair market value = $75,000
interest = 95%
distribution = $90,000
to find out
amount of Shepherd Corporation’s recognized gain or loss
solution
we know that here effect of non liquidating distributions on corporation is gain are recognised on property that is express as
amount recognized = fair market value - Basis .................1
put here value we get
amount recognized = $75,000 - $67,500
amount recognized gain = $7500
B) did not acquire the instrument in good faith
Answer:
a). Paul - Planning
b). Santiago - Organizing
c). Mathew - Planning
d). Chioe - Organizing
e). Kelly Tomasz - Leading
f). Ava - Controlling
g). Michelle - Organizing
Explanation:
Planning is described as the process of setting up the goals for the organization and formulating a course of action to achieve the intended goals.
Organizing is followed by planning which aims to assign the resources in a specific manner to ensure the effective accomplishment of the goal.
Leading is the process of providing guidance or direction to the staff, employees, and workers and keeps them motivated to ensure the smooth functioning of the process and achievement of optimum output.
Controlling is the last step in which the performances are governed and assessed as per the standards to find any variation.
Answer:
d. Corporations pay income tax on corporate earnings, and shareholders pay personal income tax on corporate dividends and gains from the sale of stock.
Explanation:
At the end of each accounting period, the corporation is expected to pay a tax known as income tax from the taxable income earned by the corporation. This tax is paid by the corporation before the amount to be paid to the shareholders of the company in form of dividends.
The shareholders of the company are further subjected as individuals to personal income tax.
This is known as double taxation of dividend. Gains from sale of stock are also taxed under personal income tax.
