Answer:
Sam must report $700,000 distribution from Silver on his Income report.
Explanation:
The sale of the land is made by the corporation and the corporation is a tax payer therefore any gains and losses are for the company to pay tax on.
The deficits in the E&P are for Silver to take into account when about to pay taxes.
The basis of $200,000 is not income but cost and subtracted on the distribution income as is for Sam.
In the same industry, This would be considered market structure
Answer:
16.80% and 39.43%
Explanation:
The formula to compute the net profit margin is shown below:
Net profit margin = Net income ÷ Total revenues × 100
For Travel lite, the net profit margin is
= $1,080 ÷ $6,430 × 100
= 16.80%
And, for fare line, the net profit margin is
= $3,020 ÷ $7,660 × 100
= 39.43%
By dividing the net income or net profit by the total revenues we can get the net profit margin or we can say it is profit percentage that is earned by the company
It is always expressed in percentage
I would think that the correct answer is b, after seeing what Sarah wants for her business.
Answer:
Actual authority
Explanation:
<u>Actual authority</u> arises either when the parties in an agency relationship expressly agree to create the relationship or when the authority is implied based on custom or course of past dealings.
Actual authority is refered as specific power that is conferred or granted by a principal to an agent or subordinate as an act of empowerment, which help agent to perform certain task on behalf of principal.
Actual authority have sub types:
- Express authority.
- Implied authority.