Identify which of the following statements is false.
A. The PTI (previously taxed income) represents the balance of undistributed net income which were already taxed.
B. The AAA balance can be negative, but the shareholder's basis in the S corporation stock cannot be less than zero.
C. Tax exempt income increase the AAA and the basis of the S corporation stock.
D. An S Corporation may or may not have accumulated Earnings and Profits
Elaine owns an unincorporated manufacturing business. In 2017, she purchases and places in service $600,000 of qualifying five year equipment for use in her business. Her taxable income from the business before any section 179 deduction is $100,000. Which of the following statements is true?
A. Elaine cannot deduct any Section 179 deduction for 2017
B. Elaine can deduct $100,000 as a Section 179 deduction in 2017 with a $400,000 carryover to next year
C. Elaine can deduct $100,000 as a Section 179 deduction in 2017 with a $500,000 carryover to the next year
D. Elaine can deduct $500,000 as a section 179 deduction in 2017
Charles, an individual, owned 100% of the Alpha, an S corporation. At the first of the year, Charles' basis in Alpha was $25,000. In the current year, Alpha realized ordinary income of $1,000; and a long term capital gain of $3,000. Alpha distributed $25,000 to Charles at the end of the year. What amount of the $25,000 is taxable to Charles?
A. $0
B. $7,000
C. $1,000
D. $25,000
In: Finance
12. XYZ, Inc. just paid $2.00 dividend. Dividends are expected to grow at a 20% rate for the next five years. After that, the company has stated that the annual dividend will be $2.50 per share indefinitely. The required rate of return is 10%.
(a) What is this stock worth to you per share today?
(b) What is the expected stock price next year?
(c) What is the expected stock price 20 years from today?
Could you explain the question in detail with formula plz! I don't understand others poster answers.
In: Finance
Answer each of the following questions in detail:
a) The goal of incentive schemes is to increase productivity of employees, as well as, result in enhanced earnings to the organization. If you were asked to design an incentive scheme for a mid-sized organization working in the Manufacturing space, what are the key points that you would consider? Discuss any seven of them.
b) Assume you are a CEO of an organization. List and describe six methods that you would leverage on to keep the culture of the organization alive.
c) Your manager has asked you to think through and arrive at alternatives to performance appraisal. Discuss any 7 alternatives that you would suggest.
d) You are an internal organizational development consultant for a project in your organization, which has a powerful union and have trouble gaining support for change intervention. Describe any 6 methods that you would make use to overcome this resistance to change.
e) ‘Technology is a job stealer” What are your views on this? Reflect and illustrate with 3 examples. [5 x 8 = 40 Marks]
In: Operations Management
a. Prove the Archimedes result that the area of a section of a parabola equals times the area of the inscribed triangle of the same height. (You may use calculus here.)
b. In what sense can one consider Archimedes to be the inventor of calculus?
c. Find at least five axioms equivalent to the parallel lines axiom. Give the dates when they were proposed and the person that proposed them.
In: Advanced Math
One Hypothesis test is an F test for the equality of the variances of travel Times and the second test is a T-test for the equality of the means of travel times in MINUTES. The F test must be performed first in order to select either Case1 or Case 2 for the T-test as listed in chapter 5. Then perform the Required T-test (either case 1 or 2 depending on your findings of the F-test). Also in the Conclusion and Recommendations section 5, You Must state your findings and the reasons for the existence of differences in the two means and or the existence of differences between the two variances and You Must recommend any future Hypothesis tests and other steps or other ways to collect the data in the future to make an inference about the mean travel times and their variances.
Data from a to b:
| 40 |
| 38 |
| 60 |
| 48 |
| 31 |
| 64 |
| 43 |
| 31 |
| 36 |
| 47 |
| 48 |
| 41 |
| 32 |
| 25 |
| 42 |
| 60 |
| 40 |
| 35 |
| 35 |
| 31 |
| 58 |
| 41 |
| 51 |
| 54 |
| 58 |
| 24 |
| 35 |
| 43 |
| 46 |
| 39 |
| 24 |
| 37 |
| 37 |
| 41 |
| 31 |
| 37 |
| 32 |
| 44 |
Data from B to A:
| 40 |
| 31 |
| 35 |
| 35 |
| 42 |
| 40 |
| 35 |
| 35 |
| 40 |
| 35 |
| 40 |
| 34 |
| 27 |
| 28 |
| 38 |
| 20 |
| 33 |
| 48 |
| 45 |
| 42 |
| 35 |
| 40 |
| 35 |
| 36 |
| 37 |
| 32 |
| 33 |
| 31 |
| 41 |
| 32 |
| 36 |
| 26 |
| 33 |
| 33 |
| 31 |
| 43 |
| 38 |
| 37 |
In: Statistics and Probability
Sally works as a manager in the gardening section of her local Bunnings Store. Recently, Sally was approached by a customer asking questions about the store’s range of built in kitchens. Although she knew nothing about the products, Sally recommended the deluxe kitchen package which came with free installation. After completing the sale, Sally handed the customer her Bunnings business card (which identified her as a manager), explained that the customer should get his new kitchen professionally installed and to forward her the 3rd party’s invoice – which Bunnings would pay. A few weeks later, the customer is shocked to learn that Bunnings is refusing to pay his carpenter’s $10,000 invoice and that Sally failed to mention that the offer was capped at $500.
Required:
(a) With reference to Pacific Carriers v Paribas, what is the test for deciding if an agent had apparent authority?
(b) Analyse whether Sally had apparent authority to bind Bunnings Pty Ltd to this $10,000 contract.
(c) How would your answer be different if the customer knew that Sally didn’t have permission to authorise this transaction
In: Accounting
Use the Internet to find an environmentally related problem that is happening in your area. Present information about the history behind this problem including the population growth model in the area, what factors led to its occurring and who might be responsible for it. Share what is being done to solve the problem and how effective those efforts are. Present ideas from the textbook about how the problem might be mitigated. Extrapolate your local issue to the global environment. What classes of environmental problems seem to be widespread and recurring across our country and the world. How is population growth related to the problem ?
In: Biology
Air. Write in reasonable detail, using the macroscopic nature (our experience) and microscopic nature (molecular level) the composition of air, pollutants in air, where pollutants come from, how they impact health and environment, and what steps are being taken to keep air clean. Share your thoughts on this topic.
In: Chemistry
In your own words, describe each of the four financial statements. Go online and find the most recent set of financial statements for a publicly traded company that you are interested in, and explain what you learned about that company from exploring its financial statements.
In: Accounting
In your own words, describe each of the four financial statements. Go online and find the most recent set of financial statements for a publicly traded company that you are interested in, and explain what you learned about that company from exploring its financial statements.
In: Accounting