T or F #7 QUICK

Material participation standards for shareholders of Subchapter S corporations, who are individuals, include those who during th

Liono4ka [1.6K]

Answer:

The correct answer is letter "D": participated in business activities for more than 100 hours during the tax year and the participation was not less than the activity of any other individual's during the tax year.

Explanation:

Material Participation Tests are principles the Internal Revenue Service (IRS) considers at the moment of qualifying an individual as being part of an income-producing activity. There are seven (7) tests taken into consideration by the IRS but only one requirement is necessary for qualification. Among them, test three (3) states that <em>an individual qualifies if that person was involved for more than 100 hours and not less than any other individual in the firm</em>.

8 0

3 years ago

When Coca-Cola launched a differing soda product line that includes: regular coke, cherry coke, vanilla coke, coke zero, etc. ne

PSYCHO15rus [73]

Answer:

The correct word for the blank space is: market cannibalization.

Explanation:

Market cannibalization refers to the loss of revenues as a result of the introduction of a new product by the same company. The initial purpose of the firm is to spread its market share but the product introduced is so similar or covers the same need than the previous that it ends up replacing it instead of acquiring more consumers.

Market cannibalization also takes place when franchises of the same firm open stores too close to each other than one of them ends up capturing all consumers which replace the first store operating in the area.

8 0

3 years ago

Orlando is 10 degrees warmer than it is in Houston, Houston is 8 degrees

soldi70 [24.7K]

Orlando is 18 degrees

10+ 8 = 18
The 10 represents how much warmer Orlando is and the 8 represents the temp in Houston

4 0

3 years ago

Garza company had sales of $144,200, sales discounts of $2,175, and sales returns of $3,460. garza company's net sales equals:

allsm [11]

I would say that Garza company would have net sales of $138565 because the sales discounts of $2175 and the returns of $3460 would have to be subtracted from the total $144,200 to get the $138,565 actual net income to Garza.

6 0

3 years ago

erry Inc. manufactures machine parts for aircraft engines. CEO Bucky Walters is considering an offer from a subcontractor to pro

Tju [1.3M]

Answer:

The Company will use the 64 unit cost for the make scenario

and use the 54 for the buy plus the fixed cost (6x 2000)

In the short term, when the fixed cost are unavoidable, the operating profit will increase to 6,000

in the long-term, the operating profit will increase to 18,000

Explanation:

Direct Materials 27

Direct Labor 16

Variable Overhead 14

Fixed Overhead 6

Total unit cost 63

Total Variable Cost 57

Offered Unit cost

108,000/2,000 = 54

Unit Cost $63.00 $54.00 $9.00

Total Cost $126,000.00 $108,000.00 $18,000.00

Unavoidable Fixed Cost $12,000.00 -$12,000.00

Total Cost $126,000.00 $120,000.00 $6,000.00

8 0

3 years ago