Answer:
Partners: True
LLC: True
S Corporation: False
Explanation:
When dividends are withdrawn from a business tax is only due on a S Corporation because the tax paid for the profits of an organization is not by the stockholder withdrawing the dividends which is why when dividend is withdrawn the tax is to be paid.
When dividends are withdrawn in a partnership or and LLC then no tax is payable as tax is already paid on the profits made by the business that is why dividends are not taxable when withdrawn.
Answer:
initial accounting cost of the machine = $32016
Explanation:
given data
Gross invoice price = $27,200
Sales tax = 1,760
Cash discount = 544
Freight = 960
Assembly of machine = 800
Installation of machine = 1,200
Repair of machine = 2,560
Tuning and adjusting machine = 640
to find out
initial accounting cost of the machine
solution
we get here initial accounting cost of the machine that is express as
initial accounting cost of the machine = Gross invoice price + Sales tax - Cash discount+ Freight+ Assembly of machine + Installation of machine + Tuning and adjusting machine ...................1
put here value we get
initial accounting cost of the machine = $27,200 + 1,760 - 544 + 960 + 800 + 1200 + 640
initial accounting cost of the machine = $32016
Answer:
Thank you, appreciate it.
Explanation:
Because I secretly love you.
Answer:
56
Explanation:
The rule of 70 can be used to determine the amount of years it would take the GDP of a country to double given its growth rate
Number o year for GDP to double = 70 / growth rate of country
for country A = 70 / 5 = 14 years
for country B = 70 / 1 = 70 years
70 years - 14 years = 56 years
Answer:
I used an excel spreadsheet to calculate this:
the least squares regression line:
y = a + bx
y = $2,937 + 3.96x
where y = total cash wash costs and x = rental returns
fixed costs = $2,937 per month
variable cost = $3.96 per car washed