Answer:
T must pay income taxes for the $3,000 he receives.
Explanation:
If the beneficiary of the disability benefits paid the premiums, then the money received is tax free. On the other hand, if the premiums were paid by someone else (in this case his employer), then the benefits will be taxed as normal income.
Answer:
Option B $3240
Explanation:
The reason is that the gross profit on the sale is $54,000 ($120,000 - $66,000). This gross profit margin is 45%.
The ownership share of the inventory that is in stock of the subsidiary would be 30% and out of this 30%, the 45% profit of profit which is $3240 ($24,000 * 30% Ownership of stock * 45% Gross Profit Margin), must not be recognized in the income statement and balance sheet.
Correct/Commplete Question:
The importance of developing a partnership with distributors has been emphasized in the text. Which of the following situations would strengthen this relationship?
a. Commissions on sales to direct salespeople are lowered for sales made jointly with distributors.
b. Direct salespeople call on the most profitable accounts and ask the distributor's salesforce to handle all other accounts.
c. The manufacturer provides its distributors with market information to help them succeed.
d. When new models for equipment are available, ask the distributors to take care of selling out the old models and allow the company's salesforce to begin offering the new model.
e. Company salespeople have first choice of the new leads generated by a shared booth at a trade show
Answer:
c, the manufacture providdes its distrubutors with market information to help them succeed.
Explanation:
In strengthening the relationship between manufacturers and distributors, it is good for the manufacture to provide its distributors with market information. Giving out his market information to distributors helps the distributors know how to attack the market and competitions. It also helps to give the distributors an overview of areas that has been covered or not covered among other things.
Cheers.
According to the U.S. Constitution, Congress can regulate <u>C. every commercial enterprise in the United States.</u>
<h3>What is the Commerce Clause?</h3>
Specifically, the Commerce Clause enumerates the powers of Congress to regulate commercial enterprises, interstate trade, and trade with other nations.
Thus, Congress can regulate every commercial enterprise in the United States. It is not only local commercial enterprises or intrastate commercial enterprises that Congress can regulate.
Learn more about the Commerce Clause here: brainly.com/question/6764261
The agency which is responsible for regulating the state boating law in Texas is TEXAS PARKS AND WILDLIFE DEPARTMENT. This agency oversees the laws that regulate boating in Texas waters. Their principal aim is to promote water safety for all.
