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3 years ago

12

________ strategy involves the types of decisions made and direction created for a company that operates multiple lines of busin

ess.

1 answer:

Kay [80]3 years ago

4 0

Corporate strategy involves the types of decisions made and direction created for a company that operates multiple lines of business.

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Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,0

Ann [662]

Answer:

1) $18,000

2) $0

Explanation:

1) The wage based limits in business applies only to taxpayers with taxable income in excess of $157,500 or excess of $315,000, if it is a joint return.

Now, in this case, Roquan's taxable income which is $100,000 is less than the wage limits of $157,500 earlier stated. This implies that it doesn't qualify for wage-based limits.

Therefore, from business practices, Roquan will likely deduct 20% of the net $90,000 which is $18,000 to serve as deduction for qualified business income.

2) We are told that Roquan's taxable income before the deduction for qualified business income is now $300,000. What this implies is that his law practice would be judged to be a trade business and he would therefore not be eligible for deduction of the qualified business income.

Thus, it's $0.

5 0

3 years ago

After struggling with the accounting training, Peter is unsure whether he can complete the end-of-year financial reporting with

aalyn [17]

Answer: expectancy

Explanation:

From the question, we are informed that Peter struggled with the accounting training, and as a result is unsure whether he can complete the end-of-year financial reporting with no errors in the time allotted.

This shows that Peter is low on the expectancy element of expectancy theory. Expectancy element in the expectancy theory is when one has the belief that his or her effort will lead to the achievement of ones goals and objectives.

8 0

3 years ago

Mark hires Joe's real estate agency to sell his estate, telling Joe he has lost too much money playing the stock market to affor

artcher [175]

Answer:

No.

Explanation:

The contract is no longer valid because of changes in the condition of offer. By the operation of law, the occurrence of certain events will automatically terminate an agency relationship. Since Mark expressly stated that the reason he was selling the estate was because he has lost so much money, any significant cash inflow to Mark apart from the sale of the estate will ultimately affect his decision to sell. As such, the lottery he won is a cash flow and since a vital condition for selling the estate has been breached. The contract is to be declared invalid.

6 0

3 years ago

The function of the South African Reserve Bank as bank supervisor entails …

monitta

Answer:

[1] reducing interbank settlement risks by reducing the potential for settlement default by one or more banks.

Explanation:

3 0

3 years ago

Bonita Industries purchased machinery for $1030000 on January 1, 2017. Straight-line depreciation has been recorded based on a $

Stels [109]

Answer:

$235,900

Explanation:

Depreciation p.a. = ($1030000 - $82,000) / 5 years

Depreciation p.a. = $189,600

Depreciation charged till the Jan 1 ,2021 (4 years)

= $189,600 * 4 years

= $758,400

Depreciation charged till May 1, 2021 (4 month)

= $189,600 * 4 months/12 months

= $63,200

Value of the asset = $1030000 - $758,400 - $63,200

Value of the asset = $208,400

Cash received from sale of machinery = $208,400 + $27,500 (gain)

Cash received from sale of machinery = $235,900

8 0

3 years ago