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Anastasy [175]
1 year ago
6

This year, Napa Corporation received the following dividends: KLP Inc (a taxable Delaware corporation in which Napa holds an 8%

stock interest) - $55,000 Gamma Inc (a taxable Florida corporation in which Napa holds a 90% stock interest) - $120,000 Napa and Gamma do not file a consolidated tax return. Compute Napa's dividends-received deduction. Please show complete calculation.
Business
1 answer:
murzikaleks [220]1 year ago
7 0

Answer:

$147,500

Explanation:

Computation of Napa's dividends-received deduction

Napa is said to holds less than 20% stock interest in KLP Inc which means that the dividends received deduction in the case of dividends received from KLP would be 50%.

And in case of dividends received from Gamma, the dividends received deduction would be 100% reason been that KLP holds more than 80% of the stock interest in Gamma.

Hence:

Napa’s dividends-received deduction will be:

= ($55,000 x 50%) + $120,000

=$27,500 +$120,000

= $147,500

Therefore Napa's dividends-received deduction will be $147,500

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Mission Foods produces two flavors of tacos, chicken and fish, with the following characteristics:
Alex17521 [72]

Answer:

$1,059,050

Explanation:

The computation of the anticipated level of profits for the expected sales volumes is shown below:

Expected sales             209,000                      305,000

Particulars                     Chicken                          Fish

Sales                              $815,100                       $1,525,000

Less:

Variable cost                -$407,550                     -$762,500

Contribution margin      $407,550                      $762,500

Now the profit would be

= Total contribution margin - total fixed cost

= $407,550 + $762,500 - $111,000

= $1,059,050

The sales are variable cost are come by multiplying the units with its price per taco.

4 0
1 year ago
What would a competitive retailer have to do to get your patronage?
SOVA2 [1]
For a competitive retailer to get a consumer's patronage, they should implement strategies of attracting their consumers of which will likely gain their support and make their consumers many than of their competitors. An example of this is by having to offer discounts in means of attracting other consumers to buy their products as a means of having to gain their support.
4 0
1 year ago
According to the overall staffing organizations model, hr and staffing strategy are driven by ______________.
alexandr1967 [171]
The staffing organizations model are driven by staffing stradegy!!!
love sent from the district of columbia! <3333
8 0
1 year ago
Trapper Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Und
mariarad [96]

Answer:

EPS

Plan I     $2.03 per share

Plan II    $1.78 per share

Explanation:

Plan I

As this plan is all equity plan, so there is no debt and no interest expense as well.

In the absence of taxes, We will use the EBIT  in the calculation of EPS

EPS  = Net Earning / Outstanding numbers of shares = $375,000 / 185,000 = $2.03 per share

Plan II

In this levered plan we have debt and equity combination. We also have to deduct the interest expense from EBIT to calculate the net income.

Interest Expense = $2,700,000 x 5% = $135,000

Net Income  = EBIT - Interest Expense = $375,000 - $135,000 = $240,000

EPS = Net Income / Outstanding numbers of shares = $240,000 / 135,000 = $1.8 per share

3 0
2 years ago
Marco knows that he needs to score an "A" on his next test in order to keep his scholarship. To that end, he studies two hours e
kondaur [170]

Answer:

The correct word for the blank space is: content.

Explanation:

Content goals are those important or that have a high value. These objectives are typically involved in the personal or professional development of individuals. Content goals imply a higher involvement and usually are objectives that cannot be set aside compared to other goals.

6 0
1 year ago
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