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3 years ago

Chip and Charlie own a local pizza shop. The pizza was the talk of the neighborhood. When

Business

1 answer:

Sliva [168]3 years ago

8 0

The form of private corporation that Chips and Charlie chose is the S corporation.

An s corporation is a type of privately held corporation that elects to pass its corporate earnings through its shareholders for the purposes of federal tax. This allows a s-corporation to be taxed only once. The company does not pay federal income tax.

In order for a corporation to be classified as a s corporation, it must meet several requirements set forth by the Internal Revenue Service. Some of these requirements include:

Shareholders must not exceed 100.
The corporation should be incorporated in the United States.
The corporation must have only one type of shares.

To learn more about s corporation, please check: brainly.com/question/16128695?referrer=searchResults

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Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho

inessss [21]

Answer:

This lease is regarded and classified as Capital lease.

Explanation:

This lease is regarded and classified as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

=[4.46511 × 31000] +[0.74726 × 15500]

= 138418.27+ 11582.53

= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this lease is a capital lease.

3 0

3 years ago

At Bargain Electronics, it costs $29 per unit ($17 variable and $12 fixed) to make an MP3 player that normally sells for $53. A

algol13

Answer and Explanation:

The computation is shown below;

Particulars Reject Order Accept Order Net Income

Revenues $0 $126,280 $126,280

(4,510 units × $28)

Variable manufacturing $0 $76,670 -$76,670

(4,510 units × $17)

Shipping $0 $18,040 -$18,040

(4,510 units × $4)

Net Income $0 $31,570 $31,570

Hence, the net income is in positive value so the special order would be accepted

8 0

3 years ago

There are two parties in any lease contract—the lessee and the lessor. To a lessor, a lease analysis involves a capital budgetin

inn [45]

Answer:

a, b

Explanation:

It is important to note that a lessor's goal is to make a profit, thus he would be more concerned about knowing what is the value realized after subtracting the lease payments from his income taxes and any maintenance expenses that must be incurred as per the lease agreement.

In order to be cost efficient, he might as well determine the net cash outlay of the lease agreement.

4 0

3 years ago

The market supply curve Question 16 options: is found by vertically adding the individual supply curves. represents the sum of t

Juli2301 [7.4K]

The market supply curve represents the sum of the quantities supplied by all the sellers at each price of the good.

<h3>What is the market supply curve?</h3>

The market supply curve is the sum of the individual supply curves of firms. The individual supply curves are added horizontally. The supply curve sloped upward. This shows that there is a positive relationship between price and quantity supplied.

To learn more about supply curves, please check: brainly.com/question/26073189

#SPJ1

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2 years ago

I’m 15 Years Old I Need A Job Changing Baby Girl Poop Diapers Do Any Of Y’all Know Where There Is A Place Where They Allow 15 Ye

Cloud [144]

Explanation:

you can come to India I think here you will get it

3 0

2 years ago