Thank you in advance. Questions are in BOLD below the bottom (three questions total, one is already answered to provide context).

Barry Potter and Winnie Weasley are considering making an S election on March 1, 2021, for their C corporation, Omniocular. However, first they want to consider the implications of the following information:

Winnie is a U.S. citizen and resident.
Barry is a citizen of the United Kingdom but a resident of the United States.
Barry and Winnie each owns 50 percent of the voting power in Omniocular. However, Barry’s stock provides him with a claim on 60 percent of the Omniocular assets in liquidation.
Omniocular was formed under Arizona state law, but it plans on eventually conducting some business in Mexico.
For the remainder of the problem, assume Omniocular made a valid S election effective January 1, 2021. Barry and Winnie each owns 50 percent of the voting power and has an equal claim on Omniocular’s assets in liquidation. In addition, consider the following information:

Omniocular reports on a calendar tax year.
Omniocular’s earnings and profits as of December 31, 2020, were $55,000.
Omniocular’s 2020 taxable income was $15,000.
Omniocular’s assets at the end of 2020 are as follows:
Omniocular Assets
December 31, 2020
Asset Adjusted Basis FMV
Cash $ 50,000 $ 50,000
Accounts receivable 20,000 20,000
Investments in stocks and bonds 700,000 700,000
Investment in land 90,000 100,000
Inventory (LIFO) 80,000 * 125,000
Equipment 40,000 35,000
Totals $ 980,000 $ 1,030,000
*$110,000 under FIFO accounting.

On March 31, 2021, Omniocular sold the land for $42,000.
In 2021, Omniocular sold all the inventory it had on hand at the beginning of the year. This was the only inventory it sold during the year.
Other Income/Expense Items for 2021
Sales revenue $ 155,000
Salary to owners (50,000 )
Employee wages (10,000 )
Depreciation expense (5,000 )
Miscellaneous expenses (1,000 )
Interest income 40,000
Qualified dividend income 65,000
Assume that if Omniocular were a C corporation for 2021, its taxable income would have been $88,500.
QUESTIONS:

e. Assume Barry's basis in his Omniocular stock was $40,000 on January 1, 2021. What is his stock basis on December 31, 2021? (Answer is not $48,375)

For the following questions, assume that after electing S corporation status Barry and Winnie had a change of heart and filed an election to terminate Omniocular’s S election, effective August 1, 2022.

In 2022, Omniocular reported the following income/expense items:
January 1—July 31, 2022 (212 days) August 1—December 31, 2022 (153 days) January 1—December 31, 2022
Sales revenue $ 80,000 $ 185,000 $ 265,000
Cost of goods sold (40,000 ) (20,000 ) (60,000 )
Salaries to Barry and Winnie (60,000 ) (40,000 ) (100,000 )
Depreciation expense (7,000 ) (2,000 ) (9,000 )
Miscellaneous expenses (4,000 ) (3,000 ) (7,000 )
Interest income 6,000 5,250 11,250
Overall net income (loss) $ (25,000 ) $ 125,250 $ 100,250
f. For tax purposes, how would you recommend Barry and Winnie allocate income between the short S corporation year and the short C corporation year if they would like to minimize double taxation of Omniocular’s income? Answer: (Daily Method)

g. Assume in part (f) that Omniocular allocates income between the short S and C corporation years in a way that minimizes the double taxation of its income. If Barry’s stock basis in his Omniocular stock on January 1, 2022, is $50,000, what is his stock basis on December 31, 2022?

Shelee is the classic leader with exceptional knowledge and expertise in the field of automobile racing. Her ability to understand and analyze the intricate details of individual drivers, racing teams, racetrack operators, referees, and officiating crews is a testament to her extensive experience and passion for the sport.

As a leader, Shelee's knowledge and expertise allow her to make informed decisions and provide valuable guidance to her employees. She is able to identify areas for improvement and implement strategies that enhance the overall performance and success of Racing Formula Inc.

Moreover, Shelee's expertise also enables her to establish strong relationships with her employees, clients, and partners in the racing industry. Her ability to communicate effectively and build trust and respect within the community contributes to the long-term success of the company.

Overall, Shelee's exceptional knowledge and expertise make her a valuable asset to Racing Formula Inc. and a classic example of a knowledgeable and effective leader in the automobile racing industry.

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Answer:yes

Explanation:

Answer:

true

Explanation:

Based on the Capital Asset Pricing Model (CAPM), there is generally a positive relationship between beta and the expected return on a security.

The CAPM is a widely used financial model that helps investors and analysts estimate the expected return on an investment. It states that the expected return of a security is equal to the risk-free rate plus a risk premium, which is determined by the beta of the security. Beta is a measure of a security's sensitivity to market movements. It indicates how much the price of the security is expected to move in relation to the overall market. A beta greater than 1 suggests that the security is more volatile than the market, while a beta less than 1 indicates lower volatility compared to the market.

According to the CAPM, securities with higher betas are expected to have higher expected returns, reflecting the additional risk associated with investing in those securities. This is because investors demand a higher return for taking on more risk. Conversely, securities with lower betas are expected to have lower expected returns, as they are considered less risky.

It's important to note that the relationship between beta and expected return is not always linear or exact for every security. Other factors, such as market conditions, company-specific risks, and investor preferences, can also influence the expected return. However, in general, the CAPM suggests a positive relationship between beta and expected return, indicating that higher beta securities should provide higher expected returns to compensate for the additional risk.

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Based on current workplace trends, a faster communication time is needed to succeed so this is True.

The modern workplace is characterized by faster processes and the need to stay ahead of competitors.

As a result, it is required that communication response times should be faster in order to be successful.

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The direction a country’s ppc will shift as a result of these major events will shift to the left.

A Rightward Shift

Production potential curves (PPC) frequently vary as a result of advancements in technology or expanding economies. A shift to the right happens when more products are created as a result of technological advancement, ceteris paribus. This change may also take place when the economy expands and more capital and consumer items can be produced.

When a natural disaster occurs, it may affect production components that are essential inputs to the economy. As a result, the economy's production will decline. The PPC will shift to the left, for instance, if a tsunami diminishes the magnitude of the inputs that the economy uses to make the outputs.

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In the United States, total government purchases of goods and services make up about 18 to 20 percent of all the goods and services the country produces, depending on the specific year and the calculation method used.

The expenditure approach to calculating gross domestic product (GDP) takes into account the sum of all final goods and services purchased in an economy over a set period of time. That includes all consumer spending, government spending, business investment spending, and net exports. Quantitatively, the resulting GDP is the same as aggregate demand because they use the same formula.

The Formula for Expenditure GDP

GDP=C+I+G+(X−M)

where:

C=Consumer spending on goods and services

I=Investor spending on business capital goods

G=Government spending on public goods and services

X=exports

M=imports

​

GDP is calculated as follows: Government consumption and investment plus net exports.

Almost two-thirds of GDP is made up of the consumption of goods and services, with the remaining portion split roughly equally between private investment and government spending. Household spending on services like dining out, leisure activities, and medical care fell significantly in 2020, which contributed significantly to the GDP fall. From 2019 to 2020, consumer spending decreased by more than $570 billion.

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The dollar value of the home in excess of the outstanding mortgage debt is called homeowner's equity.How to calculate homeowner's equity?To calculate homeowner's equity in a property or a house, it is necessary to subtract the outstanding mortgage debt from the total dollar value of the property.

Hence, Option (a) homeowner's equity is the correct answer to the given question. It is important to know that Homeowner’s equity refers to the amount of money that a homeowner would receive after selling his property and paying off any outstanding mortgages on the property. Example: Suppose you own a house that has a market value of $300,000. You still have a $150,000 mortgage on the property, so your homeowner's equity would be $150,000 (the market value of the house minus the outstanding mortgage debt). Hence, the correct answer is (a) Homeowner's equity.

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Answer:

Change how the unit is defined

Explanation:

The contribution margin per unit is calculated by subtracting variable costs from the selling price. A high selling price and a low variable cost will result in a higher contribution margin per unit. Therefore, increasing the selling price and reducing variable costs will increase the contribution margin per unit.

Profit per unit is will higher if the total costs are low. Total cost is the sum of variable costs and fixed costs. Reducing the monthly fixed costs expenses results in lower total costs and higher profit per unit.

The process of financial intermediation is to transferring money from one agents  to another economic agents and the role that the central bank of Canada play in that process is to serve as the middle men for the financial transactions.

The financial intermediation is the process if the transferring the added money from the one citizen to another citizen which would like to utilize those funds for their needs. The different types of financial intermediaries are the commercial banks, investment banks, mutual banks and pension funds.

The different types of financial intermediaries in Canada is deposit taking institution, insurance institution, and the investment institution.

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Answer:

federal

Explanation:

d). constructing an extensive network of roads. is the correct option. The innovation that was most important to the Inca Empire was the construction of an extensive network of roads.

The Inca Empire did not use iron and steel for weaponry, as they primarily used bronze, copper, and stone for their tools and weapons. The creation of papyrus for written language was not significant to the Inca Empire, as they used a system of knotted cords called quipus for record-keeping. While the building of floating gardens on marshes (also known as chinampas) was a common agricultural practice in Mesoamerica, it was not utilized by the Inca Empire in the Andean region.

While the other innovations mentioned may have been important in other civilizations, the construction of the Inca Road System was the most significant innovation for the Inca Empire. These roads, known as the Inca Road System, were an impressive feat of engineering and allowed for efficient communication, trade, and military movement throughout the empire. The roads connected the capital city of Cusco to other major cities and important locations, such as the Sacred Valley and Machu Picchu.  

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Answer:

A. educate the public about interest rates.

Answer: b. help lenders make informed decisions.

Explanation:

i took the quiz.

According to research studies, Students should consider self-efficacy when choosing a career, including reflecting on personal interests, talents, needs, and values.

Self-Efficacy is a psychological term used to describe individuals' ability to perform essential activities to achieve success in their given tasks or endeavor.

Before choosing a career, a student should also consider his capability to perform well in that choosing career. Otherwise, he might not enjoy the career or fail.

Hence, in this case, it is concluded that the correct answer is option A. Self-Efficacy

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Sustainability is a company's ability to achieve its business goals and long-term shareholder value by integrating economic, environment, and social opportunities into its strategy.

The main objective of sustainability is for people to live in peace and harmony on Earth for an extended period of time. Since it is difficult to come to consensus on specific definitions of sustainability, they change over time and in the literature.

The definition of sustainability is "meeting the requirements of the present without compromising the needs of the future" and "ensuring a balance between economic growth, environmental protection, and social well-being."

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The minimum variance hedge position is less than the exposure, this suggests that the investor will take a short position in CHF forward contracts.

1. The Swiss franc (CHF) is the appropriate currency for hedging the 100 million SEK investment.

2. We will use the formula to find the minimum variance hedge ratio. For CHF, the formula is: Minimum Variance Hedge Ratio for CHF {\frac{Cov[USD/SEK,USD/CHF]}{Var[USD/CHF]}}

Substituting values into the above equation: {\frac{0.007*0.023*0.85}{0.023^2}} Minimum Variance Hedge Ratio for CHF= 0.813 Furthermore, calculating the minimum variance hedge ratio for the EUR, using the formula: Minimum Variance Hedge Ratio for EUR{\frac{Cov[USD/SEK,USD/EUR]}{Var[USD/EUR]}}{\frac{0.007*0.018*0.90}{0.018^2}}$$ Minimum Variance Hedge Ratio for EUR= 0.70

Therefore, we use the Swiss franc (CHF) to hedge because it has a lower minimum variance hedge ratio (0.813) compared to the euro (0.70). Minimum variance hedge is achieved when we multiply the exposure by the minimum variance hedge ratio.

Since we are hedging USD/SEK exposure, it means that the exposure is 100 million SEK multiplied by the USD/SEK spot rate of 0.104.Therefore, we have: Exposure = 100,000,000 * 0.104 = 10,400,000 Minimum variance hedge position = minimum variance hedge ratio * exposure For CHF: Minimum variance hedge position for CHF = 0.813 * 10,400,000 = 8,451,200.19.

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Answer:

The focus on traditional financial statements is ACCOUNTING data rather than cash flow.

Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital

Explanation:

Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.

Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.

E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.

Incorrect Place utility is the kind of utility Etsy provides when she connects sellers with resources in order to support and incentivize them to stay on the site rather than move to their own websites.

In marketing, "placing utility" refers to making products or services available to customers. Since it connects a product or service to a specific area, a place utility may also be used to draw customers to it. Here, Etsy offers support and resources to these sellers in an effort to persuade them to stay on the platform rather than go for their own websites. Therefore, it seems that Etsy has used the wrong utility in some instances.

A company must consider the utility of placement since it may draw in more customers. It may help to increase website traffic, customer retention, and sales. Customers also gain from it since they have easier access to goods and services and are better able to find businesses. Customers can get there easily.

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A) Delivering software frequently: Agile emphasizes the importance of delivering software frequently, typically on a weekly or two-weekly basis. This helps ensure that the customer is getting value from the software and that the development team is focused on delivering value to the customer.

B) Responding to change: Agile embraces change and encourages development teams to be responsive to customer feedback. This helps ensure that the customer is getting the product they need, and that the development team is focused on delivering the most value for the customer.

C) Working software as a measure of progress: Agile emphasizes the importance of delivering working software as a measure of progress. This helps ensure that the customer is getting the most value from the software, and that the development team is focused on delivering the highest quality product.

D) Collaboration between customers and developers: Agile encourages collaboration between customers and developers. This helps ensure that the customer is getting the product they need, and that the development team is focused on delivering the most value to the customer.

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Our top aim is to satisfy the customer through early and continuous delivery of valuable software, according to the Agile Manifesto's first principle. There is a lot to grasp here: Meeting client demands is our first concern.

Agile strongly emphasizes the importance of producing software frequently, typically once per week or twice per month. This ensures that the user is getting value from the product and that the development team is dedicated to delivering that value. Confronting change: Agile encourages development teams to welcome change and be sensitive to client feedback. This enables the development team to focus on giving the client the best value while also ensuring that the customer obtains the product they need. Using functional software as a standard for development Agile strongly emphasizes the importance of creating functional software as a criterion for success. This makes that the development team is concentrated on the needs of the customer .

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When effective allocations are made toward the factors of production, many demands and wants of society will be satisfied.

Which of the following is relevant to the efficiency with which economic resources are distributed?

Economic efficiency refers to a situation in which all resources are properly managed to best serve each person or institution while reducing waste and inefficiency.

In a free market economy, such as supply and demand, affects commodity pricing in a free market economy, resulting in open competition in the marketplace. It makes it possible to use resources in the most effective way possible.

Therefore, In a free market system, resource waste is typically prevented.

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Answer and Explanation:

Hello. Brainly does not allow links to be placed in responses, which makes it impossible for me to answer your first question. However, you can find this job vacancy in the careerbuilder when searching for Internet / BDC Director.

Two requirements that this job vacancy requires of possible candidates are: Knowledge of management of social networks and experiences with online sales.

The individual who is interested in this job vacancy, if hired, will have to carry out online and face-to-face sales, perform administrative functions and perform customer service whenever necessary.

This job is not a good option for me, because I have no experience in sales, but this is a very promising job vacancy, with a fair salary and benefits, I believe that if I had the requirements, I would do very well in this type of job.

Answer:

1. https://www.careerbuilder.com/job/J337WK6Y75401Z09WZ9

2. · Ideal to have 1 year experience as a pharmacy technician coordinating activities in an administrative support function.

· Must have valid Pharmacy Technician License

3. Working with patients to explain and educate on medical questions

· Tracking and logging vaccination details into EMR (electronic medical records system)

· Assisting Pharmacist as needed

4. This job would be a good fit for me, because I am compassionate, patient, and pay attention to detail. My mathematical skills are excellent, and like working with a team of health care professionals.

Explanation:

Explanation:

Meaning is the answer

Answer:

I think it is a tool-and-die subcontractor

Explanation:

A tool and die maker is someone who sets up and operates a variety of computer-controlled or mechanically-controlled machine tools to produce precision metal parts, instruments, and tools. I think that fits the bill for sheet metal. Mining company supplies ores. Car manufacturer is a throw away. Primary focuses on smelting an refining the ores they got from the mining company

Answer: C

Answer:

it is (C)

Explanation:

The value obtained after the reconciliation of the final adjusted sale prices from the comparable sales in the sales comparison approach is known as the indicated value.

The indicated value is the final estimate of value for the subject property based on the analysis and adjustment of comparable sales. It is the value that is derived after adjusting the sale prices of comparable properties for any differences in terms of size, location, condition, and other relevant factors. The indicated value is used as a benchmark for determining the fair market value of the subject property.

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