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
Anastaziya [24]
3 years ago
9

BJT Corporation is owned 40 percent by Bill, 30 percent by Jack, and 30 percent by the Trumpet Partnership. Bill and Jack are fa

ther and son. Jack has a 10 percent interest in Trumpet Partnership. What is Jack’s total direct and constructive ownership of BJT Corporation under Section 267?
Business
1 answer:
natulia [17]3 years ago
8 0

Answer:

33%

Explanation:

By virtue of been having 10% interest in Trumpet Partnership, Jack has a 10% share out of 30 percent owned by Trumpet Partnership (0.10 * 30=3%).

Additionally, his own 30 percent is still pay of his direct and constructive ownership of BJT Corporation, thus making his total direct stand at 33%.

You might be interested in
Which of the following is NOT considered a trend in marketing?
den301095 [7]

Answer:

C

Explanation:

Because that would not make any sense of "distributive marketing

3 0
3 years ago
Problem 2 (9 points) The following information was taken from the income statement and balance sheet of The Perryman Company for
Len [333]

Answer and Explanation:

The computation is shown below;

The net profit margin is

= Net income ÷ sales revenue

= $184,000 ÷ $574,000

= 32%

The asset turnover is

= Sales revenue ÷ average of assets

= $574,000 ÷ ($2,142,000 + $1,998,000)  ÷ 2

= $574,000 ÷ $2,070,000

= 0.28 times

c. The return on assets is

= Net income ÷ average of assets

= $184,000 ÷ $2,070,000

= 0.089

= 8.89%

3 0
3 years ago
PeoplePapers, a greeting cards manufacturing company, has retail stores in most parts of the country. It hires its employees fro
Drupady [299]

OPTIONS:

A. Resources B. reserves. C. overheads. D. variable costs.

Answer:

A. Resources

Explanation:

Resources are factors that aid the production process of any business, which includes land, labor, capital, and management. All are combined together to make production successful. The organization’s processes, the employees and its equipment can be regarded as the company’s resources which are put together in the production of greeting cards for customers use.

8 0
3 years ago
Bramble Corp. reported net sales of $248,700, cost of goods sold of $146,900, operating expenses of $58,000, net income of $39,9
juin [17]

Answer:

profit margin is 16.0 %

gross profit rate  is 39.6 %

Explanation:

given data

net sales = $248,700

cost of goods sold = $146,900

operating expenses = $58,000

net income = $39,900

beginning total assets = $473,900

ending total assets of $635,400

to find out

profit margin and gross profit rate

solution

we will apply here profit margin formula that is

profit margin = \frac{net income}{sale} * 100      ..............1

put here value

profit margin = \frac{39900}{248700} * 100  

profit margin = 16.04 = 16.0 %

and

gross profit rate formula is

gross profit rate  = \frac{sales - cost of good }{sale} * 100    ..............2

put here value

gross profit rate  = \frac{245700 - 146900}{248700} * 100

gross profit rate   is 39.72 = 39.6 %

5 0
3 years ago
Ana runs a small jewelry-making business from her home. She has no full-time employees, but she does pay her son (age 15) to hel
RoseWind [281]

Answer:

"1"

Explanation:

Fair labor standard acts is a business law implemented to immune workers from unfavorable work practices and regulations.

It covers the area of minimum wages , overtime payment and child labor.

As the standard work hours is 40hours , any clocked time in excess of 40 hours must be paid overtime at premium of 1.5 rate of the normal rate.This means that Ana's son should be paid overtime at a minimum rate of $7.5 for the extra 20hrs he worked.

The exception to the minimum age requirements under the child labor acts allows parents to employ their child of any age covers   Ana's employment of his child in his business

7 0
3 years ago
Other questions:
  • The following table lists all costs of quality incurred by Sam's Surf Shop last year. Annual inspection costs Annual cost of scr
    6·1 answer
  • Sandpiper Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $30 par common stock. The fo
    8·2 answers
  • Record the following transactions of Fronke’s Fashions in a general journal:
    5·1 answer
  • In order to increase usage of the family-oriented ski resort, its owner sent letters to several college fraternities inviting th
    12·2 answers
  • Sally’s Dress Shop, Inc. reports operating income of $200,000 and interest expense of $18,000. The average common stockholders’
    5·1 answer
  • Sunbed Company sells tanning beds that are shipped in large reusable containers. Customers are charged a deposit for each contai
    13·1 answer
  • You're 35 years old now, and you want to purchase life insurance which will cover your spouse for your lost income in the event
    13·1 answer
  • Refer to the following lease amortization schedule. The 10 payments are made annually starting with the beginning of the lease.
    5·1 answer
  • Categories such as education and household size represent which of the following?
    7·1 answer
  • Kamal plans to save $7,000 a year for 17 years starting a year from today. He expects to earn 9% on his investment. How much wil
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!