Explanation:
a. Ralph is in charge of the land, with an implicit right to payment in compliance with right doctrine (North American Oil Consol. v. Burnet (1932, S.Ct.) 286 US 414). This year, however, gross sales are made, although they may be reimbursed later.
b. Unless he returns money to Acme this year, Ralph will be able to claim a deduction of $5,000. Although Ralph originally paid the $1,750 tax on invoice and only saved $1,400 on the reduction of the refund and because the repayment timing resulted in an additional $350 tax. As the amount refunded to Ralph is more than $3,000 according to IRC§ 1341a. This is possible for Ralph to use the taxes accrued in the next year from the same refund to cover taxes. So Ralph will say a tax offset of $1,750 instead of a deduction of $5,000.
c.The sum of the deduction must be more than $3,000, according to IRC § 1341(a). Because Ralph spent just $2,500, he is not liable for tax reduction deductions, but can only claim a refund deduction.
Answer:
The answer is: B) sustainability
Explanation:
Sustainability refers to meeting today's needs without compromising or jeopardizing the future generations' ability to fulfill their needs. Sustainability focuses on three main areas:
- economic: support long term economic growth
- environmental: protect and maintain environmental resources for future generations
- social: develop organizations and communities that meet the needs of current and future generations
Answer:
Cr Bonds Payable account 50,000
Cr Premium on Bonds Payable account 2,000
Explanation:
The complete journal record should be:
- Dr Cash account 52,000
- Cr Bonds Payable account 50,000
- Cr Premium on Bonds Payable account 2,000
Since cash is an asset and it increases, it should be debited.
Since bonds payable and premium on bonds payable are liabilities and they increase, they should be credited.
Answer:
2.1
Explanation:
A firm has a stock price of $68.00 pet share
The firm's earning are $85,000,000
The firm has $20,000,000 outstanding
They have an ROE of 11% and a Plow back ratio of 70%
The first step is to calculate the EPS
EPS= $85,000,000/$20,000,000
= $4.25
P/E= $68.00/$4.25
= 16
g= 11×70
= 770/100
= 7.7%
Therefore the PEG ratio can be calculated as follows
PEG ratio= 16/7.7
= 2.1
Hence the firm PEG ratio is 2.1
The type of company which is required by the Sarbanes-Oxley Act to have a code of ethics available to all employee is:
- all companies that have more than a single owner.
<h3>What is Code of Ethics?</h3>
This refers to the guidelines about the way a group of people should behave in a social group or official setting.
With that in mind, we can see that the type of company which is required by the Sarbanes-Oxley Act to have a code of ethics available to all employees is one which has more than one owner.
Read more about code of ethics here:
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