What is the total amount of separately stated income items of a calendar-year S corporation operating on an accrual basis with the following information: Net income of rental real estate activities $300,000 Interest income 25,000 Royalty income 10,000 Sec. 1231 gain (from equipment sale) 20,000 Gross receipts 700,000
Answers
The total amount of separately stated income items for the calendar-year S corporation operating on an accrual basis is $355,000.
To determine the total amount of separately stated income items for the S corporation, we add up the individual income items provided. The net income of rental real estate activities is $300,000, interest income is $25,000, royalty income is $10,000, and the Sec. 1231 gain from the equipment sale is $20,000. Adding these amounts together, we get $355,000 as the total.
Separately stated income items are reported on the Schedule K-1 form for each shareholder of an S corporation. These items represent specific income and deduction items that are passed through to the shareholders and are reported separately to ensure accurate reporting on the shareholders' individual tax returns. In this case, the S corporation has four separately stated income items: net income from rental real estate activities, interest income, royalty income, and a Sec. 1231 gain from the sale of equipment. These items are summed up to determine the total separately stated income items for the S corporation, which is $355,000.
To learn more about accrual basis refer:
https://brainly.com/question/30764846
#SPJ11
Related Questions
A job analysis report transforms the analysis into three components: an
analysis, a summary, and
?
OA. recommendations
OB. goals
OC. a questionnaire
O D. technical competencies
Answers
A job analysis report transforms the analysis into three components: an
analysis, a summary, and recommendations.
Job analysis is a process of identifying and describing the duties, responsibilities, and requirements of a particular job. It involves collecting and analyzing information about the job, such as its tasks, knowledge, skills, abilities, and other characteristics. The results of a job analysis can be used to develop job descriptions, determine job qualifications, establish performance standards, design training programs, and evaluate job performance. A job analysis report typically includes an analysis of the job, a summary of the findings, and recommendations for improving the job or filling the position. Job analysis is an important tool for organizations to ensure that they have the right people in the right jobs, which can lead to increased productivity, job satisfaction, and retention.
learn more about job analysis here
https://brainly.com/question/29802928
#SPJ1
I am always concerned about my job
Answers
Answer:
then get a new job
Explanation:
Answer:
why? Maybe its time for a new job.
Explanation:
Gross Domestic Product
Answers
2. The sale of a used car
4. The sale of illegal drugs
6. The sale of jets made by a US-owned company based in Japan
True/False? the primary legal responsibility of business is to obey the law.
Answers
In the following question, the primary legal responsibility of a business is to obey the law which stands true. (true)
It is inevitably true that the primary legal responsibility of a business is to obey the law. Businesses are expected to comply with all the applicable laws and regulations, also including those related to labour, safety, and environmental protection. Failing to comply with the law can result in legal penalties, fines, and reputational damage. However, many businesses also recognize that they have additional ethical responsibilities beyond simply obeying the law, such as being socially responsible and contributing to their communities.
For more such questions on Legal Responsibilities
https://brainly.com/question/30790988
#SPJ4
According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Answers
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
Find out more on deficit spending at https://brainly.com/question/1371898.
Which action by a client taking alendronate requires correction? Select all that apply. One, some, or all responses may be correct. Taking medication twice a week Taking medication before rising Taking medication with breakfast Taking medication before bedtime Taking medication with apple juice Taking medication twice a week Taking medication before rising Taking medication with breakfast Taking medication before bedtime Taking medication with apple juice
Answers
The actions by a client taking alendronate that require correction are, Taking the medication with breakfast, Taking medication before bedtime, and Taking the medication with apple juice.
Alendronate is a medication used to treat and prevent osteoporosis. It is important to follow the instructions for taking this medication to ensure its effectiveness and avoid side effects.
The recommended dose of alendronate is once a week, so taking it twice a week requires correction.
It should also be taken on an empty stomach, at least 30 minutes before the first food, drink, or other medication of the day. This means that taking it with breakfast, and before bedtime with apple juice requires correction.
It is also important to take alendronate with a full glass of water and to remain upright for at least 30 minutes after taking it to prevent irritation of the esophagus.
Therefore, the correct way to take alendronate is once a week, on an empty stomach, with a full glass of water, and remaining upright for at least 30 minutes afterward.
For more information regarding alendronate, click here:
https://brainly.com/question/29461920#
#SPJ11
The survey that found 75% of consumers would consider going to another company after a bad customer service experience surprises some people because it seems almost too low. Why might that other 25% of consumers not be bothered by a bad customer service experience?
Answers
Answer:
They might not be bothered because nothing has happened yet.
Explanation:
The other 25 percent might not use it a lot.
One reason for employers being biased against older workers is that older workers generally _____ than younger workers, and companies are always looking to reduce costs.
Answers
Earn Higher Salaries.
One reason for employers being biased against older workers is that older workers generally earn higher salaries than younger workers, and companies are always looking to reduce costs.
#SPJ4
Managers are accountable to some stakeholders whose interests they represent. These
stakeholders are:
Customers
Employees
Owners
Shareholders
Society
Government
1. Conduct a research to explain how is management responsible to EACH of these stakeholders. [18 marks]
pls help me
Answers
Answer:
see explanation
Explanation:
Stakeholder is anyone interest in the operation of a company or affected by the decision of the company.
Each stakeholder has its own interest and this is listed below :
Customers
They expect to receive value for money out of the firm products or services.
Employees
They are looking up to management for better remuneration for their manpower.
Owners
They seeking a maximum return from their investment in the company. Management run the company on their behalf as stewards.
Shareholders
They also seek maximum return from their investment in the company.
Society
The community expects the company to be a good corporate citizen and improve the social factors of employment, sustainability and environmental issues
Government
The government expects the company to be tax compliant and to pay its dues on time.
If the quantity demanded is greater than the quantity supplied, what will happen to the price?
A. Go up
B. Go up then down
C. Go down
D. Remain the same
Answers
1: "How did Great Buy handle the return?" asks Sam.
"They promptly sent us two replacement monitors on October 10, as soon
as we returned the damaged ones," Monique replies. "And on October 28,
they sent us an invoice for the entire order. We paid them with a check that
same day."
Monique shows Sam the invoice from Great Buy, which reflects the two
replacement monitors that Berthold's received after returning the damaged
ones and asks him to process it for payment.
DESCRIPTION
Computer monitors (original order, $350 x 8)
Computer monitors (replacements, $350 x 2)
TOTAL:
AMOUNT
8 of 12
$2,800
$700
$3,500
What information would be recorded in the Accounts Payable ledger, which
had a previous balance of $2,800?
Answers
The resulting balance in the Accounts Payable ledger after these transactions would be a credit balance of $300 (i.e., $2,800 credit balance - $700 debit + $3,500 credit).
Why it is?
Based on the information provided, the following transactions would be recorded in the Accounts Payable ledger:
A credit entry for the original order of 8 computer monitors for $2,800, which was the previous balance in the ledger.
A debit entry for the two replacement monitors received on October 10, for a total of $700.
A credit entry for the payment made by Berthold's with a check on October 28, for the total amount due of $3,500.
To know more about credit balance related question visit:
https://brainly.com/question/14979968
#SPJ1
Suppose there is a Fed purchase of bonds and simultaneous tax cut. We know with certainty that this combination of policies must cause:
Answers
Answer:
Expansionary monetary policy
Expansionary fiscal policy
Explanation:
Expansionary monetary policy are policies taken by the Fed to increase money supply in the economy. the tools used in Expansionary monetary policy are :
1. reducing required reserves ratio
2. open market purchase.
When the Fed purchase of bonds, money supply increases
Expansionary fiscal policy are policies taken by the government to increase money supply in the economy. the tools used in Expansionary monetary policy are :
1. tax cuts which increases disposable income
2. increased government spending
Monopoly output is _____ the corresponding output for perfectly competitive industries. Please choose the correct answer from the following choices, and then select the submit answer button. Answer choices lower than the same as zero compared to higher than
Answers
Monopoly output is _the same as (B) ______ the corresponding output for perfectly competitive industries
Similarity between a monopolistic market and perfectly competitive marketA monopolistic market is similar to a perfectly competitive market because both markets determine the prices and supply of goods and services in the market. although a perfectly competitive market consists of several firms no particular firm controls the market which makes the group of firms as act as a monopoly.
Hence the output of a monopoly is similar to the output of a perfectly competitive industries.
Learn more about Monopolistic markets : https://brainly.com/question/24877850
#SPJ1
in the feba (features, evidence, benefits, agreement) approach to sales, salespeople mention the feature, provide evidence that the feature actually exists, explain the benefits, and then ask whether the buyer agrees with the value of the feature and benefit.
Answers
In the FEBA (Features, Evidence, Benefits, Agreement) approach to sales, salespeople follow a structured process to effectively present their product or service.
First, they highlight the key features of the product, then offer evidence supporting the existence and effectiveness of these features.
Next, they explain the benefits the customer will experience, and finally, they ask the buyer if they agree with the value of the feature and benefit, ensuring the customer's understanding and satisfaction.
This method allows for a clear and concise presentation, ultimately helping in making a successful sale.
To learn more about agreement, refer below:
https://brainly.com/question/24225827
#SPJ11
Select the correct presentation for other comprehensive income on the financial statements of Puma Company.
1. Puma Company
Statement of Comprehensive Income
For the Year Ended December 31, 20Y3
Net income $140,000
Other comprehensive income 20,000
Comprehensive income $160,000
2. Puma Company
Income Statement
For the Year Ended December 31, 20Y3
Sales $625,000
Cost of goods sold 350,000
Gross profit $275,000
Operating expenses 135,000
Net income $140,000
Other comprehensive income 20,000
Comprehensive income $160,000
A. Both of these choices are correct.
B. Neither of these choice is correct.
Answers
Answer:
A. Both of these choices are correct.
Explanation:
Both of these choices are correct as they are rightly presented.
Puma Company
Statement of Comprehensive Income
For the Year Ended December 31, 20Y3
Net income $140,000
Other comprehensive income $20,000
Comprehensive income $160,000
Puma Company
Income Statement
For the Year Ended December 31, 20Y3
Sales $625,000
Cost of goods sold $350,000
Gross profit $275,000
Operating expenses $135,000
Net income $140,000
Other comp. income $20,000
Comprehensive income $160,000
What is one benefit US workers who have a college degree rather than a high school diploma?
Answers
Answer:
Those with a college degree earn nearly twice as much as those without college.
Explanation:
A college degree increases the chances of securing a higher paying job than a high school diploma. Most employers insist on college degrees for managerial or executive positions. These are the positions with good pay packages. Currently, college graduates earn nearly twice their high school diploma holders.
Answer:
D.
Explanation:
the person above me is correct
RH
borrows $18,000 at a 7% annual interest rate and will repay
$25,245. When will RH repay the loan?
When will RH repay the loan?
Answers
RH will repay the loan in approximately 19 years.
RH borrowed $18,000 at a 7% annual interest rate and will repay $25,245. To find out when RH will repay the loan, we need to calculate the time it will take to accumulate the total repayment amount.
First, let's determine the interest that RH will pay on the loan. The interest is calculated by multiplying the principal amount ($18,000) by the interest rate (7%) and dividing it by 100.
Interest = ($18,000 * 7) / 100 = $1,260
Next, we can subtract the interest from the total repayment amount to find the remaining amount that will be applied towards repaying the principal.
Principal repayment = Total repayment amount - Interest
Principal repayment = $25,245 - $1,260
Principal repayment = $23,985
Now, we can calculate the time it will take to repay the principal amount. To do this, we need to use the formula:
Time = Principal repayment / (Principal amount * Interest rate)
Time = $23,985 / ($18,000 * 7/100)
Time = $23,985 / $1,260
Time ≈ 19 years
Therefore, RH will repay the loan in approximately 19 years.
Learn more about loan here:-
https://brainly.com/question/11794123
#SPJ11
In a bank reconciliation, deposits outstanding are: a. subtracted from the bank balance. b. added to the book balance. c. added to the bank balance. d. subtracted from the book balance.
Answers
In a bank reconciliation, deposits outstanding are b. added to the book balance.
What is book balance?The book balance is the balance of cash in a company's general tally, while the bank balance is the balance of cash in the company's bank account. Deposits outstanding are deposits made by the company that haven't yet been recorded by the bank.
To attune the book balance with the bank balance, outstanding deposits are added to the book balance. This is because the book balance formerly includes the deposits made by the company, while the bank balance doesn't yet reflect those deposits until they're recorded by the bank.
Thus, the correct answer is b. added to the book balance.
Learn more about book balance
https://brainly.com/question/26699275
#SPJ1
1st to answer gets Brainliest
Which federal legislation protects consumers from harassment by
debt collectors
A.The Credit Card Accountability Responsibility and Disclosure Act
B.The Fair Credit Reporting Act
C.The Fair Debt Collection Practices Act
D.The Truth in Lending Act
Answers
Answer:
The Fair Debt Collection Practices Act
Explanation:
The FDCPA prohibits debt collection companies to use abusive, unfair, or deceptive ways to collect debts.
The federal legislation protects consumers from harassment by
debt collectors is The fair debt collection practices act Option(c) is correct.
What is Fair debt collection practice act?The Fair debt collection practice act means a state policy for eliminating the abusive debt for collection and to protest consumers against debt collection.
The Fair debt collection practice debt is known to be that federal legislation which basically protects the consumers from any type of the harassment.
Therefore Option(c) is correct.
Learn more about Fair Debt collection practice here:
brainly.com/question/15190645
#SPJ5
What was yesterdays Price? Whats todays Price?
Find 5 stocks that you are interested in investing in. Give the company Name, Ticker Symbol, Share price today and What the Company does?
Pls do it pls I need it really needed it for today pls answer it
Answers
Answer:
The price is higher then it was yesterday
Explanation:
People with hidden health problems are more likely to buy health insurance than are other people. This is an example of
a.
moral hazard and makes the cost of health insurance higher than otherwise.
b.
moral hazard and makes the cost of health insurance lower than otherwise.
c.
adverse selection and makes the cost of health insurance higher than otherwise.
d.
adverse selection and makes the cost of health insurance lower than otherwise.
Answers
The correct answer is option C. Adverse selection makes the cost of health insurance higher than otherwise.
Adverse selection refers to a situation where one party in a transaction has more information than the other party, leading to an imbalance of information. In the context of health insurance, people with hidden health problems have more information about their health conditions compared to insurance companies. As a result, they are more likely to seek out health insurance coverage because they anticipate needing medical care and want to mitigate the financial risk associated with their health issues.
This behavior leads to adverse selection in the insurance market, where the pool of insured individuals is more likely to consist of people with hidden health problems. As a consequence, insurance companies face a higher probability of paying out costly claims, which increases their overall costs.
Learn more about Adverse selection here:
https://brainly.com/question/28444559
#SPJ11
the benefits of pioneering include the following except a. market uncertainty b. barriers to entry c. learning curve d. resource advantage e. preference formation
Answers
The benefits of pioneering refer to the advantages that a company can gain by being the first to introduce a new product or service in the market.
These benefits can include gaining a resource advantage, building preference formation, and overcoming the learning curve associated with introducing something new. However, one benefit that is not typically associated with pioneering is market uncertainty. In fact, the opposite is often true.
Pioneers may actually face more market uncertainty than followers, as they are the first to test the waters of a new market and may not know how customers will react to their offering. Therefore, option (a) is the exception among the benefits of pioneering.
To know more about market visit:-
https://brainly.com/question/25343498
#SPJ11
TRUE / FALSE. a life insurance company merges with a major telecommunications company.
Answers
The statement " A life insurance company merges with a major telecommunications company. " is false as a merger between a life insurance company and a major telecommunications company is unlikely as they are two completely different industries with different business models and customer bases.
Life insurance companies primarily focus on providing financial protection to individuals and their loved ones in the event of death or illness, while telecommunications companies offer communication services such as internet, phone, and television services to consumers and businesses.
A merger between companies within the same industry is more common, as it allows for increased market share, economies of scale, and cost savings. However, even within the insurance industry, mergers may only occur between companies with similar product offerings or customer bases.
In summary, while mergers and acquisitions can occur between companies in different industries, it is unlikely that a life insurance company would merge with a major telecommunications company.
To know more about life insurance company refer here:
https://brainly.com/question/29555954#
#SPJ11
In an answer of at least two well-developed paragraphs, define the terms shortage and surplus and explain how each impact the prices of goods in the marketplace.
I will make you brainliest and you'll get 25 points
Thank youuu. I know its a lot but I really need help.
Answers
forces of surplus and shortage guarantee that all other prices are temporary. each of these definitely impact the economy and the prices of goods. if there is a shortage, most likely the price is going to go up. if there is a surplus, the price most likely will go decrease
sorry if this didn't help!!!
true or false: the private market can solve this problem by broadcasting downton abbey on cable tv, since then the good would be excludable and thus no longer a public good.
Answers
True.
The private market also could solve the issue by forcing people to watch commercials embedded in the program. Because the existence of cable TV makes the good excludable, it is no longer a public good.
What is private market ?Private markets are investments in assets that are not traded on a public exchange or stock exchange. This could include private equity (investments in private companies) or private debt (investments made directly to borrowers where there is no market to trade that debt on).Private markets are attractive for three reasons: potential return enhancement, inflation protection, and diversification. Most alternative investments provide some combination of these three desirable characteristics.To learn more about private market refer to :
https://brainly.com/question/14529338
#SPJ4
A person earns $40,000 per year. She deducts $2,000 for charitable donations. She also receives a $3,000 tax credit. What is the person's gross income
Answers
A person's annual income is $40,000. She subtracts $2,000 for donations to charity. If she is also given a $3,000 tax credit, her total income would be $38,000.
What is the tax credit?Tax credits are financial incentives that let some taxpayers deduct their accumulated credits from the total amount they repose on the state.
It can also be called as a “discount” that is offered by the state in some circumstances, or a credit given in recognition of prior tax payments. It is not considered as a part of person's income.
The person's gross income would be $38,000 ($40,000 – $2000), here, the Gross Income does not include the deduction, this is considered in the Net taxable income.
Learn more about the tax, refer to:
https://brainly.com/question/16423331
#SPJ1
Which of the following are objects that can fulfill needs or wants?
A. Economics
B. Goods
C. Services
D. Tools
Answers
Answer:
the word objects makes me think B. also, wants can be fulfilled by objects, not tools or economics.
Explanation:
The objects that fulfill the needs or wants are goods. Thus, option (B) is correct.
What is need?The term needs refers to the basic necessity or the requirement of the person in order to survive. The basic need of the person is food, shelter and clothing. The term needs and wants to become together. As the once the needs of the person is fulfilled, the wants arises.
Need is something without which the person cannot survive in the world, whereas without fulfillment of the wants the person can survive. In today's economy, the terms wants and needs are often yet inaccurately used.
The needs and wants of an individual can be fulfilled through the goods and services. Various companies and corporation are today working to satisfy the needs and desire of the customers.
Therefore, it can be concluded that Goods are things that satisfy needs or desires. Hence, option (B) is correct.
Learn more about needs and wants here:
https://brainly.com/question/17889008
#SPJ2
Required Journal entry
Paid salary and wages Rs 55,000
PLEASE HELP
Answers
Answer:
Date Account Title Debit Credit
XX-XX-XX Salary and Wages expense Rs. 55,000
Cash Rs. 55,000
The Salaries and Wages expense account will be debited to show that this expense was incurred as expenses have a debit balance,
Cash was used to pay for the salaries and wages so it will be credited because Assets are credited when they reduce.
These jeans are made in Mexico, assembled in the US and retail for $150, but the profit differs considerably depending on whether they're sold online or at a physical store.
OFFLINE
Cost of goods sold
$45
Cost of goods sold
$45
Store payroll 27.00
Freight to retail store 4.50
Rent 22.50
Marketing 15.00
Other retail costs 12.00
Profit
$24.00
16%
ONLINE
Cost of goods sold 45.00
Free standard
shipping & returns 10.00
Warehouse/fulfilment 5.00
Operating costs
(softwaremaintenance) 30.00
Marketing
15.00
Profit
$45.00
30%
1. Excluding the cost of goods sold, what is the largest expense for a business selling jeans
offline and online?
Answers
Answer:
Offline store: $27.00
Online Store: $30.00
Explanation:
For offline store, the other biggest expense is payroll. Payroll refers to wages and salaries paid to employees.
The store payroll is $27.00
For the online store
The other biggest is the operating cost( software maintenance) at $30.00
SOMEONE HELP ME PLEASE
Which sentence describes a cooperative organization?
Cohen and his friends work in a cooperative organization.
They own and control the functions of the organization.
Their sole motive is to gain profit.
They can trade their stocks in the financial market.
Answers
The statement "They own and control the functions of the organization" best describes a cooperative organization.
A cooperative is when two or more people come together to form an organization or form a business that is democratically run and managed by them alone. This means that it is a united effort by the individuals involved to run a business.
Cooperatives may vary according to the needs and wants of the individuals. But at the same time, the rules and other policies can also be changed to suit the need of the members.Cooperatives represent a much better form of unity and accomplishments, especially for lesser known individuals or less powerful members of the society.Such individuals may be farmers, workers, individual producers, etc. who would unitedly work to accomplish common goals and beliefs.Thus, the correct answer is the second option.A cooperative organization, in short, can be best stated as the unified union or gathering of various individuals with different expertise or dreams with the aim to achieve success. They share the responsibilities among themselves and also control the functions of the organizations equally.
Learn more about cooperative work here:
brainly.com/question/9215587
'Cooperative Organization' is characterized as the 'organization that is either partially or wholly owned and regulated by its employees, customers, or tenants.'
The sentence that appropriately describes such an organization would be:
B). They own and control the functions of the organization.
In a cooperative organization,
The people willingly come forward to accomplish their common needs including various economic, communal, and cultural needs. To serve these purposes, these people collectively own an enterprise/company whose goods and services are used by them only. Each member carries equal power and rights in such an organization Agriculture, utilities, Insurance, Healthcare, etc. are some of the illustrations of such organizations.Learn more about 'Cooperative organization' here:
brainly.com/question/11255333