On January 1, 2021, Byrd and Gates own equally fifty percent (50%) of the stock of Boudreaux Corporation, ans Corporation Boudreaux Corporation has a $60,000 Operating Loss for the year of 2021. On the 219th day of the year of 2021, Byrd sells her one-half (1/2) of the stock of Boudreaux Corporation to her daughter, Mitchell How much of the $60,000 Operating loss is allocated to Mitchell (Using the Per Day Method (Pro-Rata Method). (The year 2021 is not a Leap Year) a $0
b $$12,000 c $30,000, d $18,000
Answers
Mitchell would be allocated $30,000 of the $60,000 Operating Loss using the Per Day Method (Pro-Rata Method).
To calculate Mitchell's allocation, we need to consider the number of days she owned the stock during the year. There are 365 days in a non-leap year.
Byrd sold her stock on the 219th day of the year, meaning she owned it for 219 days (from January 1 to August 8, 2021). Mitchell, as the buyer, would be allocated the remaining days (146 days).
To determine the allocation, we divide the Operating Loss by the total number of days (365) and multiply it by the number of days each party owned the stock.
Allocation for Mitchell = (Operating Loss / Total Days) * Mitchell's Ownership Days
Allocation for Mitchell = ($60,000 / 365) * 146
Allocation for Mitchell ≈ $30,000
Therefore, Mitchell would be allocated $30,000 of the $60,000 Operating Loss.
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Related Questions
Leon (30) is permanently and totally disabled and lived all year with his sister, Judie (38). Judie provide 100% of the support for the household and had an AGI of $61,000. Neither is married. Which of the following tax benefits is available to Judie?
Answers
Judie provides 100% of the support for the household. Leon (30) is permanently and totally disabled.
In this case, the tax benefit that is available to Judie is Head of Household filing status. The Head of Household filing status allows unmarried taxpayers who provide for more than half the cost of maintaining a home for themselves and a qualifying person (like Leon in this case) to receive a higher standard deduction and lower tax rates than if they filed as Single. Head of Household is the filing status for unmarried taxpayers who provide a home for a qualifying person (in this case, Leon) and pay more than half the cost of keeping up the home.
To qualify, the taxpayer must meet certain requirements including that they are unmarried or considered unmarried on the last day of the year, have paid more than half the cost of maintaining a household for the year, and have a qualifying person who lived in the household for more than half of the year (such as a dependent child or a disabled family member).Judie can claim the Head of Household filing status since Leon is her disabled brother and he has lived with her for the entire year and she has provided more than half of the cost of maintaining the household. As a result, Judie can take advantage of the higher standard deduction and lower tax rates that come with the Head of Household filing status.
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in a simple, closed economy (no government or foreign sector), if disposable income increases by $500, and consumption increases by $450, then savings increases by
Answers
In a simple, closed economy (no government or foreign sector), if disposable income increases by $500, and consumption increases by $450, then savings increases by 0.9
Typically, a closed economy is one where no trade or other financial transactions are conducted with any other nations. That indicates that no exports leave the country and no imports enter it. A closed economy aims for total self-sufficiency, giving domestic consumers everything they require from within its own borders. Although some economies are more closed than others, closed economies are more of a theoretical idea in the connected world of today.
Governments may use quotas, subsidies, and tariffs to shield a particular sector or industry from foreign competition even in nations with relatively open economies—a practice known as protectionism.
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Dotty's is a high fashion boutique, owned by entrepreneur Daisy Smith. The
business has been open a year, and specialises in designer outfits for women.
Daisy made the decision to set up the business after working in a high street
chain for five years.
Which of the following does NOT analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful?
Answers
Answer: By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance.
Explanation:
The option that doesn't analyse how entrepreneurial skills will enable
Daisy's business to be more financially successful is that "By being organized, Daisy will be abke to ensure that her business runs more smoothly and that she has stock in the shop when is is needed and the suppliers are paid on time. This could lower the levels of stress experienced by Daisy and lead to her enjoying a better work life balance".
We should note that while other options shows that there will be an increase in customer, increase in sales and lead her to be more financially successful, this particular option only relates to her work-life balance and not have an impact on her financial stability.
_____ use concrete experience and reflective observation and are good at generating ideas and seeing a situation from multiple perspectives.
Answers
People with a divergent thinking style use concrete experience and reflective observation and are good at generating ideas and seeing a situation from multiple perspectives.
The description provided in the question refers to individuals who possess characteristics of the "concrete experience" and "reflective observation" learning styles according to the Kolb Learning Style Inventory. These individuals tend to be more hands-on and prefer to learn by doing, as well as reflecting on their experiences to gain insights and new perspectives. They are often described as being creative, open-minded, and able to generate new ideas.
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I need help to determine my grade
Answers
Answer:
Outstanding Checks should be subtracted from the bank side of the reconciliation because they were subtracted from the book balance when the checks were written.
Explanation:
╰( ･ ᗜ ･ )➝ Question in attachment
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B.) financial resources━━━━━━━━━━━━━━━━━━━━━━━━QuickMovers limits the size of the packages it delivers to 75 pounds. This is
an example of what type of requirement?
O A. Internal
O B. Voluntary
O C. Government
O D. External
Answers
(If I’m right) mark as brainliest
Answer:
internal
Explanation:
i took the test
true or false: with interest-only loans, the principal is never repaid.
Answers
The statement is false. With interest-only loans, the borrower is only required to make interest payments for a certain period of time, typically between 5 and 10 years.
However, after the interest-only period ends, the borrower is then required to make payments that include both principal and interest. This means that the principal will eventually be repaid, but it may take longer than it would with a traditional amortizing loan where principal and interest payments are made simultaneously.
It's important to note that interest-only loans can be risky for borrowers who are not prepared for the increased payments when the interest-only period ends, or for those who may not be able to afford the higher payments due to a change in financial circumstances.
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What would you pay for a stock expected to pay a $2.50 dividend in one year if the expected dividend growth rate is zero and you require a 10% return on your investment?
Answers
Answer:
$25
Explanation:
according to the constant dividend growth model
price = d1 / (r - g)
d1 = next dividend to be paid
r = cost of equity
g = growth rate
$2.5 / (0.1 - 0) = $25
Multiple Production Department Factory Overhead Rate Method Handy Leather, Inc., produces three sizes of sports gloves: small, medium, and large. A glove pattern is first stenciled onto leather in the Pattern Department. The stenciled patterns are then sent to the Cut and Sew Department, where the glove is cut and sewed together. Handy Leather uses the multiple production department factory overhead rate method of allocating factory overhead costs. Its factory overhead costs were budgeted as follows: Pattern Department overhead $153,600 Cut and Sew Department overhead 255,000 Total $408,500 The direct labor estimated for each production department was as follows: Pattern Department 2,400 direct labor hours Cut and Sew Department 3,000 Total 5,400 direct labor hours Direct labor hours are used to allocate the production department overhead to the products. The direct labor hours per unit for each product for each production department were obtained from the engineering records as follows: Production Departments Small Glove Medium Glove Large Glove Pattern Department 0.04 Cut and Sew Department Direct labor hours per unit If required, round all per unit answers to the nearest cent. a. Determine the two production department factory overhead rates. Pattern Department Cut and Sew Department b. Use the two production department factory overhead rates to determine the factory overhead per unit for each product. Small glove per unit Medium glove Large glove 0.05 0.06 0.07 0.09 0.11 0.11 0.14 0.17 per dih per dih per unit per unit
Answers
Multiple production department factory overhead rate method is used to allocate the factory overhead costs. The total factory overhead cost was budgeted as $408,500, which is divided between Pattern and Cut and Sew departments. Direct labor hours are used to allocate the production department overhead to the products.
To determine the two production department factory overhead rates, we will use the following formulae:
Factory Overhead Rate for Pattern Department = Total Pattern Department Overhead Cost / Direct Labor Hours for Pattern Department= $153,600 / 2,400
Direct Labor Hours = $64 per direct labor hour Factory Overhead Rate for
Cut and Sew Department = Total Cut and Sew Department Overhead Cost / Direct Labor Hours for Cut and Sew Department= $255,000 / 3,000
Direct Labor Hours = $85 per direct labor hour.
Hence, the two production department factory overhead rates are $64 per direct labor hour for Pattern Department and $85 per direct labor hour for Cut and Sew Department. The factory overhead per unit for small, medium, and large gloves are $10.21, $12.55, and $13.19, respectively.
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How many manufacturing companies are in the north Georgia area
Answers
Answer:in addition to being a right-to-work state, with low unionization rates (2.5%), our quality workforce is one reason why companies in automotive, machinery, and plastics industries are experiencing high job growth. Whether you are looking for engineering talent to further innovation in products or processes, or a skilled labor force to work on the plant floor, Georgia has the existing and future workforce to fulfill your hiring needs. Georgia is home to many companies with a history of innovation that has impacted their.
in terms of the community of stakeholders outside the organization, the faa is in boeing’s ______ environment.
Answers
In terms of the community of stakeholders outside the organization, the FAA is in boeing’s task environment.
What is the boeing’s task environment?Environmental sustainability, global & community engagement, and diversity & inclusion are the three main areas where Boeing Corporate Social Responsibility programs are focused on, which help in fostering social and environmental sustainability.
Therefore, in terms of the community of stakeholders outside the organization, the faa is in boeing’s task environment.
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which of the following mawhich of the following are benefits of an internship? select all that apply.ight be part of a job description for an entry-level project manager role?
Answers
A fresh junior project manager with ambition and zeal is required for our North Coast branch. You'll be actively involved in high-impact initiatives, up front, and giving your creative energy. Manager of a project, a program, and a portfolio.
Obligations and duties of project managers
What Tasks Are Assigned to a Project Manager?
Create a plan for the project idea. Every project begins with an idea.Build and Lead Your Dream TeamTrack Project Progress and Set DeadlinesAddress Emerging Issues Handle Money Ensure Stakeholder SatisfactionTo learn more about project managers from the given link.
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If you were developing a product (like a web browser) for a market with significant barriers to entry, how would you try to get your product into the market successfully?
Answers
Answer:
by making it
Explanation:
because ill make a deal with the owner of the market and if he/she says yes i basicly talked buissness
A message sent by an hr manager asking all employees to submit details about overtime done in the previous quarter is an example of a routine request asking for ________.
question 12 options:
adjustments
information or action
settlements to claims
recommendations
Answers
A message sent by an hr manager asking all employees to submit details about overtime done in the previous quarter is an example of a routine request asking for information or action.
Who is an employee?It should be noted that an employee simply means a individual that's employed in an organization.
In this case, the message sent by an hr manager asking all employees to submit details about overtime done in the previous quarter is an example of a routine request asking for information or action.
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23. m1 includes: a) cash, savings deposits, demand deposits, money market deposit accounts, small-denomination time deposits, and shares in retail money market mutual funds. b) cash, demand deposits, and small-denomination time deposits. c) cash, demand deposits, and large-denomination time deposits. d) cash, demand deposits, and other checkable deposits.
Answers
d) cash, demand deposits, and other checkable deposits.
Do modest time deposits count toward M1?Very few components are categorised as M1 due to how strictly defined M1 is. Savings account deposits, small-time deposits, and retail money market accounts are all included in the broader category M2.
What asset is included in M1?We quantify money using a variety of definitions: M1 covers cash and funds held in checking accounts. One element of M1 is traveler's checks, which are becoming less common. All of M1 as well as savings deposits, time deposits like certificates of deposit, and money market funds are included in M2, as well.
M1 or M2 savings accounts?M1 includes currency and checking account funds. Additionally, travelers' checks have become less popular. M2 consists of M1, plus savings deposits and time deposits like certificates.
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What is the main advantage of primary data compared to secondary? Multiple choice question. reduces cost of data collection offers a guarantee of reliability specific to the problem being studied saves time in data collection
Answers
The main advantage of primary data in compared to secondary data is that its has a guarantee of reliability specific to the problem being studied.
What are primary data?A primary data refers to data that are collected directly from interviews, surveys, experiment by the researchers.
Hence, a most important as aspect of a primary data is that the data is genuine and allows for used in secondary data like Journal, newspapers etc
Therefore, the Option B is correct.
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what agricultural product provides florida with its state flower?
Answers
ASAPP PLZZZZ
3. In the mythical kingdom of Erehwon, the basic unit of money is the rudolf. At today's exchange rate, 4 rudolfs are equal to $1. A U.S. tourist in Erehwon wishes to purchase a guidebook to the country. The price is 6 rudolfs. How much is this in U.S. money?
(A) $1.50
(B) $6
(C) $4
(D) $24
Answers
Mandy Company has the following information from last month:
Standard direct labor hours for units produced (SQ) 4,600
Actual direct labor hours worked (AQ) 4,470
Direct labor efficiency variance, favorable (F) $ 7,800
Total payroll $ 290,550
What was Mandy's actual direct labor rate per hour (AP)?
Answers
Mandy's actual direct labor rate per hour is approximately $65.06.
To calculate the actual direct labor rate per hour (AP), we can use the formula:
AP = Total Payroll / Actual Direct Labor Hours Worked (AQ)
In this case, the total payroll is given as $290,550 and the actual direct labor hours worked (AQ) is 4,470.
AP = $290,550 / 4,470
AP ≈ $65.06 per hour
The actual direct labor rate per hour represents the average cost of labor incurred by the company for each hour worked by the employees. It takes into account the total payroll expenses and the actual number of labor hours worked. In this case, Mandy Company had an actual direct labor rate of around $65.06 per hour based on the given information.
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A person needs $18,500 immediately as a down payment on a new home. Suppose that she can borrow this money from her company credit union. She will be required to repay the loan in equal payments made every six months over the next 10 years. The annual interest rate being charged is 12% compounded continuously. What is the amount of each payment? The amount of each payment is $ (Round to the nearest dollar.)
Answers
The amount of each payment is $1,328.
The amount of each payment can be calculated using the formula for the present value of an annuity. In this case, we have an annuity with equal payments made every six months over a period of 10 years. The interest rate being charged is 12% compounded continuously.
To calculate the amount of each payment, we can use the formula:
\(PV = PMT * (1 - (1 + r)^(-n)) / r\),
where PV is the present value or the loan amount ($18,500), PMT is the amount of each payment, r is the interest rate per period (12% divided by 2 since payments are made semi-annually), and n is the total number of periods (10 years multiplied by 2 since payments are made every six months).
Plugging in the values into the formula:
\(18,500 = PMT * (1 - (1 + 0.12/2)^(-10*2)) / (0.12/2).\)
Simplifying the equation and solving for PMT, we find:
PMT ≈ $1,328.
Therefore, the amount of each payment is approximately $1,328.
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Please help....
48 ABM students were included in the entrance interview of college. 3/4 of them decides to take Accountancy. If 1/4 of the remaining students opted for Entrepreneurship and the rest will take management courses, how many students will take each course?
Answers
Answer:
ok so started with 48 total students then 3/4 takes accountancy so you do 48×3/4 which is 36 so 36 take accountancy leaving 12 students left then 1/4 do entrepreneur so 12×1/4 so 3 students take Entrepreneur leaving 9 students left to take management cources
36 students take accountancy, 3 students take Entrepreneurship, and 9 students take management courses.
Given that,
There are 48 students involved in the entrance interview.Three-fourth take accountancy i.e. (3 ÷ 4 × 48) = 36One-fourth of the remaining opted for Entrepreneurship i.e. (48 - 36) × 1 ÷ 4 = 3And, the remaining take the management courses i.e. (48 - 36 - 3) = 9.Therefore we can conclude that 36 students take accountancy, 3 students take Entrepreneurship, and 9 students take management courses.
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The monthly payments, p dollars, on a mortgage in which a dollars were borrowed at an annual interest rate of ror t years is given by p = f(a, r, t). is f an increasing or decreasing function of a?
Answers
The function f(a, r, t) is an increasing function of a. To understand why f(a, r, t) is an increasing function of a, let's consider the equation for monthly payments: p = f(a, r, t).
In this equation, p represents the monthly payments, a represents the amount borrowed, r represents the annual interest rate, and t represents the number of years. To determine whether f(a, r, t) is increasing or decreasing with respect to a, we need to analyze how changes in a affect p. Let's suppose we increase the value of a. As a result, the amount borrowed increases.
In this scenario, the monthly payments (p) will also increase because a larger amount borrowed means more money that needs to be paid back. For example, let's say you borrow $100,000 at an annual interest rate of 5% for 30 years. The monthly payments (p) for this loan would be a certain amount. If you were to increase the amount borrowed to $150,000 while keeping the other variables constant, the monthly payments would also increase.
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can someone help me? got till the end of the day :/
Answers
Answer:
A
Explanation:
31.4X R. James drew up the following statement of financial position on 31 December 2017. Statement of Financial Position of R. James as at 31 December 2017 $ Non-current assets Furniture and fittings Motor vehicles Current assets Inventory Accounts receivable Cash at bank Less Current liabilities Accounts payable Net current assets Capital 1 January 2017 ⁸0 7,870 When checking the books, the following errors and omissions were found. (i) A purchase of fittings, $140, had been included in the ******ebook converter DEMO Watermarks******* purchases account. (ii) Motor vehicles should have been depreciated by $280. (iii) A debt of $41 included in accounts receivable was Required: (a) show your calculation of the correct net profit (b) draw up a corrected statement of affairs as at 31 December 2017.
Answers
(a) the corrected net profit is: Capital 1 January 2017 + Net current assets - Non-current assets = $7,870 + ($0 - $140) - $7,590 = $140 b) Total capital $8,010
a) To calculate the correct net profit, we need to adjust for the errors and omissions found. Firstly, the purchase of fittings that was included in the purchases account should have been included in the furniture and fittings non-current asset account.
Therefore, we need to deduct $140 from the purchases account and add it to the furniture and fittings account. Secondly, the motor vehicles should have been depreciated by $280, which means we need to reduce the value of the motor vehicles account by $280. Finally, the debt of $41 that was included in accounts receivable was not paid, so we need to deduct it from the accounts receivable account.
So, the adjusted statement of financial position is:
Non-current assets:
Furniture and fittings $140
Motor vehicles $7,590 (original value of $7,870 - $280 depreciation)
Current assets:
Inventory
Accounts receivable $0 (original value of $41 - $41 debt)
Cash at bank
Less Current liabilities:
Accounts payable
Net current assets:
Capital 1 January 2017
Therefore, the corrected net profit is:
Capital 1 January 2017 + Net current assets - Non-current assets = $7,870 + ($0 - $140) - $7,590 = $140
(b) The corrected statement of affairs as at 31 December 2017 is:
Non-current assets:
Furniture and fittings $140
Motor vehicles $7,590
Current assets:
Inventory
Accounts receivable $0
Cash at bank
Less Current liabilities:
Accounts payable
Net current assets: $0
Capital 1 January 2017 $7,870
Add: Corrected net profit $140
Total capital $8,010
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If you or your team decides to introduce a new sensor product, when should capacity and automation be purchased?
A. Purchase of capacity and automation is not necessary for new product release
B. One round prior to product release
C. Two years or rounds prior to product release
D. The round after product release
E. The round of product release
Answers
Option B. One round prior to product release, purchasing capacity and automation one round prior to product release helps ensure smooth production and meets demand for the new sensor product.
Having the necessary resources and technology in place before the launch of a new sensor product is important to ensure its successful production and meet customer demand. Purchasing capacity and automation one round prior to the product release can help achieve this goal. Capacity refers to the amount of production a company or facility is capable of handling. Automation refers to the use of technology and systems to automate processes and reduce the need for manual labor. When introducing a new sensor product, purchasing capacity and automation ahead of time can help ensure smooth production and meet demand.
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A major grocery store chain is trying to cut down on waste. Currently, they get peaches from two different distributors, wholefruits and greengrocer. Out of a two large shipments, the manager randomly selects items from both suppliers and counts the number of items that are not sell-able due to bruising, disease or other problems. She then makes a confidence interval. Is there a significant difference in the quality of the peaches between the two distributors? 95% ci for pw-pg:(-0. 156, 0. 064).
Answers
A significant difference in the quality of the peaches between the two distributors is option D. Option D says that We are 95% confident that the proportion of non-sell-able items for Whole Fruits is anywhere between 0.064 and 0.156 HIGHER than the proportion of non-sell-able items for Greengrocer.
Grocery stores generally can be defined as focus on beverages, food and some household goods. They are typically local chains or also single-location stores and may be family-owned . In other words, "grocery store" or known as supermarket. They offer the ingredients of provide jobs, foster a sense of community and home cooked meals. By comparing a set of inherent characteristics with a set of requirements we are generally can determine the quality of something.
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A large-scale bakery is laying out a new production process for its packaged bread, which it sells to several grocery chains. It takes 12 minutes to bake the bread. How large of an oven is required so that the company is able to produce 4200 units of bread per hour (measured in the number of units that can be baked simultaneously)?
Consider the baggage check-in process of a small airline. Check-in data indicate that from 9 a.m. to 10 a.m., 240 passengers checked in. Moreover, based on counting the number of passengers waiting in line, airport management found that the average number of passengers waiting for check-in was 30. How long did the average passenger have to wait in line?
Answers
Answer:
A large-scale bakery is laying out a new production process for its packaged bread, which it sells to several grocery chains. It takes 12 minutes to bake the bread. How large of an oven is required so that the company is able to produce 4200 units of bread per hour (measured in the number of units that can be baked simultaneously)?
the oven must be able to bake 840 units of bread simultaneously
= 4,200 units of bread per hour / (60/12 minutes) = 4,200 / 5 = 840
Consider the baggage check-in process of a small airline. Check-in data indicate that from 9 a.m. to 10 a.m., 240 passengers checked in. Moreover, based on counting the number of passengers waiting in line, airport management found that the average number of passengers waiting for check-in was 30. How long did the average passenger have to wait in line?
average inventory = flow rate x flow time
average inventory = 30 passengers waiting in line
flow rate = 240 passengers / 60 minutes (1 hour) = 4
flow time = average inventory / flow rate = 30 / 4 = 7.5 minutes
American Airlines paid the television producer to be a part of the show. This is known as ...
Answers
Which of the following pieces of information is needed to compute flow time at a dentist's office?
A. Travel time of patients from home to the dentist.
B. Scheduling time of patients.
C. Arrival time of patients.
D. Arrival time of staff.
Answers
Answer:
C. Arrival time of patients.
Explanation:
Flow time is a term used in business operations to describe the quantity of period or duration a flow unit such as the number of customers attended to, commodities produced, etc, consumes in a business operation from start to finish. It can be calculated by the formula T = I/R
Where T = Flow time, I = average inventory, R = number of customers attended to / time period
Hence, in this situation, the information that is needed to compute flow time at a dentist's office is option C Arrival time of patients.