The answer is: c. The bid price in a hostile takeover is generally above the price before the takeover attempt is announced, because otherwise there would be no incentive for the stockholders to sell to the hostile bidder and the takeover attempt would probably fail
Hostile takeover refers to the process of acquiring another company without the approval of that other company's management team. The only way to do a hostile takeover is to ensure majority of the shareholders to sell their stocks to us within a short period of time. For the shareholders to do this, we need to offer the price that is way above the current market value.
Answer:
(b) selecting and training new hires at the firm
Explanation:
Circular 230 requirement states that a practitioner must exercise due diligence in respect of those matters which relate to preparing, approving and filing tax returns or any other paper to Internal Revenue Services(IRS).
Due Diligence basically means to ensure that actions and information supplied are correct and not false.
So basically it extends to oral or written representations made to IRS or to a client in respect of matter which are administered by IRS.
Selecting and training new hires at the firm does not relate to IRS.
Answer:
The correct answer is - Core revenue recognition principle.
Explanation:
The stipulations of an exchange transaction or other conditions related to the recovery of accounts receivable over a long period may prevent a reasonable estimate of the collectibility of such accounts. Both the term sales method and the income and cost recovery method can be used for the recognition of income and expenses, during the entire period in which collectibility is not reasonably assured.
Answer:
$854.98
Explanation:
Rachel's salary for November will be the annual salary divided by 12 months.
= $165,480. 42/ 12
=$13,790. 03
November pay is $13,790
The social security tax rate is 6.2% to the employee and 6.2% to the employer.
Rachael will pay 6.2% of her November gross income as social security tax
=6.2/100 x $13,790
=0.062 x $13,790
=$854.98
Answer:
COGS= $89,250
Explanation:
Giving the following information:
First, we need to calculate the unitary cost of goods sold:
Unitary COGS= 105,000 / 35,000= $3
<u>Now, the new number of units sold:</u>
Units sold= 35,000*0.85= 29,750
<u>Finally, the COGS for 2020:</u>
COGS= 29,750*3
COGS= $89,250
