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dolphi86 [110]
2 years ago
6

1. Using income statement data for Neros, prepare a December income statement dated December 31. 2. If Neros pays a cash dividen

d to its sole stockholder to pay for a family vacation, how is this reported on the financial statements? 3. If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements?
Business
1 answer:
Alenkinab [10]2 years ago
6 0

Answer:

A decision to convert to rental should consider factors such as the taxpayer’s marginal tax rate, availability of excluding gain from the sale of a personal residence, expected growth rate of the rental property, length of time the house will be rented before being sold, cash flow from renting, effect of the passive activity rules, and rate of return on other invested funds.

How rent-to-own investments solve cash flow issues. HomeNews. by Neil Sharma 19 Mar 2019.. and you can redirect that equity to buy rent-to-own properties.". where she explained how a single investor helped seven families become homeowners while cash flowing $60,000 a year.

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Assume that, on January 1, 2021, Sosa Enterprises paid $3,000,000 for its investment in 36,000 shares of Orioles Co. Further, as
Molodets [167]

Answer:

Acquisition price for 30% share          $3,000,000

($36,000 / $120,000 * 100)

Add: Net income                                   $180,000

($600,000 * 30%)

Less: dividend                                       ($108,000)

($360,000 * 30%)

Less: excess depreciation                    <u>-($45,000)</u>

($1,200,000 / 8 yrs*30%)

Investment reported in Balance         <u>$3,027,000</u>

Sheet 2018

8 0
2 years ago
Simone and Ana are debating the pricing strategy of several airlines. Simone argues, "When airlines restrict discounted tickets
SpyIntel [72]

Answer:

Economists will agree more with Ana

Explanation:

Price discrimination is defined as the selling of the same product to different customers at different prices.

The difference in price charged is usually due to willingness of the customer to buy at different prices.

In the given scenario buyers that are willing to buy in advance and stay over form a category of clients that have a price band unique to them.

Others will buy at a higher price.

This has caused a price discrimination

6 0
1 year ago
Chang Industries has 2,000 defective units of product that already cost $14 each to produce. A salvage company will purchase the
lidiya [134]

Answer:

A sunk cost is the correct answer to this question.

Explanation:

Sunk cost:- Sunk costs are those expenses that have been accumulated in the past and are thus in some way unrelated to judgment-making.

In the question referred to above, the company has already made $14 to produce. This cost will be inconsequential even if the company makes the units as it is or procedures them further.

As a result, $14 is a sunk expense.

Other options are incorrect because they are not related to the given scenario.

5 0
2 years ago
marketing student is estimating the average amount of money that students at a large university spent on sporting events last ye
SCORPION-xisa [38]

Answer:

Option A

Explanation:

We can be 90% confident that the mean amount of money spent at sporting events last year by all the students at this university is between $ 217 and $ 677.

The interval offered by option A, is the same result obtained by the student on his research. By the definition the confidence interval permit us to conclude that the mean of the population would be on that interval.

7 0
2 years ago
Read 2 more answers
President Zane is adamant about getting feedback from customers about how the company could improve. They gather data through su
Artist 52 [7]

Answer:

These are the options for the question:

A.credibility of the source

B.information quality

C.whether the information is negative or positive

D.the cost of obtaining the information

E.how the information is to be used

And this is the correct answer:

C.whether the information is negative or positive

Explanation:

Because the information is being gathered with the goal of obtaining feedback from the customers about how the company could improve, making such changes depend on whether the information is negative or positive.

If for example, all the customers gave positive feedback, then the company would not need to change anything about its operation: it would be satisfying customer expectations.

4 0
2 years ago
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