The built in gain tax payable by the Clampett, in 2023 on conversion into S corporation will be to the tune of $ 4200.
What is Built-In Gains tax?In 1986, built-in gains tax was evolved after converting from a C corporation into a S corporation which subject to a specific federal tax.
The built-in gains tax of a S company is applicable to profits attributable to assets received by the S corporation on the conversion date as well as to appreciated assets.
Built-in gains may be recognized and taxed over a period of five tax years rather than just the first tax year following a conversion.
Thus, Built in gain on Assets on conversion date 1-1-2022:
A) Fair market value of assets = $60000 + $80000 + $60000 + $80000 = $ 280000
B) Basis Value of Assets = $60000 + $40000 + $60000 + $100000 =
$260000
C) Built in gain = FMV - Basis Value of assets = $280000 - $260000 = $20000
D) Built in Gain Tax = Rate * Gain = $20000 × 21% = $4200
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Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
the question is in the picture, please help!!
Answer: At a trial in a U.S. District Court, witnesses give testimony and a judge or jury decides who is guilty or not guilty — or who is liable or not liable. The appellate courts do not retry cases or hear new evidence. They do not hear witnesses testify.
Explanation:
1)______elimination risks.
2)the positive factors of planning is called______.
3)planning is what to do it,how to do it,when to do it and _____in the future.
4)planning must start with simple____.
5)in business,time is gold.for this reason an,
6)entrepreneur must be efficient_____.
a.what to expect
b.time management
c.strengths
e.business plan
f.projects
g.micro
Answer:
1. E
2. C
3. A
4. F
5. B
Explanation:
Planning can be defined as the process of developing organizational objectives and translating them into action plans or courses of action.
This ultimately implies that, planning is a strategic technique used by organizations to make an aggregate plan for its manufacturing (production) process typically ahead of time, in order to have an idea of the level of goods that are to be produced and what resources are required so as to reduce the total cost of production to its barest minimum.
1. Business plan eliminates risks. This is because it focuses on defining how a business would achieve its goals, objectives, mission and sets the overall direction for the business using specific strategies.
2. The positive factors of planning is called strengths. They give a business competitive advantage over competitors (rivals) in the same industry.
3. Planning is what to do it, how to do it, when to do it and what to expect in the future.
4. Planning must start with simple or micro projects because they generally require simple and less cumbersome management and technologies.
5. In business, time is gold. For this reason, an Entrepreneur must be efficient in time management i.e being able to control and manage time at all times.
What competitive advantage does Apple use?
One of Apple's competitive advantages is its strong brand reputation and customer loyalty. Apple has successfully cultivated a brand image that is associated with high-quality, innovative, and user-friendly products.
This has helped the company to create a loyal customer base that is willing to pay a premium price for Apple products. Another advantage is Apple's focus on design and aesthetics. Apple products are known for their sleek and stylish designs, which have become important to the company's brand identity. This design focus has helped Apple differentiate its products from competitors and attract customers who value aesthetics and design.
Apple's ecosystem is also a competitive advantage. Apple has developed an ecosystem of hardware, software, and services that work seamlessly together, creating a cohesive user experience. This ecosystem helps to keep customers within the Apple ecosystem and makes it difficult for them to switch to competing products.
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If there is an even number of data, how is the median found?
the highest number is taken
The lowest number is taken
The sum of the two middle numbers is taken
The average of the two middle numbers is taken
Answer:
the average of two middle numbers
Explanation:
the median is the number in the middle of an arranged from smallest to largest number of a set of numbers
when you have an even number of data there is no 1 number in the middle so you take the average of the 2 middle numbers
Describe how the language and the culture you grew up with, play a role in your communication styles?
It Takes a Village!
Required Materials
Word processing software
Have you ever heard of an all-inclusive vacation? There are some resorts that offer everything—hotel, food, entertainment, and tours. What about the huge floating resorts that many have found appealing—cruises? To make these operations run smoothly and allow guests to have the best getaway experience they can, many different jobs are required. Most of these jobs can be found in the career clusters we learned about in our unit.
In this activity, you will pick one type of all-inclusive vacation. Research an example of the vacation destination you have in mind and list the amenities that are offered. See if you can identify at least two careers from the Arts, AV Technology & Communication Cluster and two from the Hospitality & Tourism Cluster that all work together in this resort. For each one of your four careers, take a few minutes to research more about the role they play, as well as what a person would need to do to get started in this career path. Let's consult our handy reference, the Bureau of Labor Statistics' Occupational Outlook Handbook, once again to find more information. This time check out the headings “How to Become One,” “Pay,” and “Job Outlook” for each career you choose.
Once you have gathered the career information on the professionals you might find in your all-inclusive resort, it’s time to put your research to use. You will create a flyer for your resort, introducing guests to each person who will play a part in making their stay memorable. On your flyer, include a name (you can make one up) and title for each person. Explain in one paragraph under their name a little bit about what they do at the resort. Under that paragraph, include a paragraph with a quick (imaginary) biography that showcases the person’s education and career path.
Do your best to make your flyer fun and appealing so that guests will immediately feel right at home, knowing that their vacation is in the hands of some of the best professionals in the business!
Your flyer should include the following elements:
Employees who represent two careers from the Arts, AV Technology & Communication Cluster
Employees who represent two careers from the Hospitality & Tourism Center
One paragraph under each explaining the job duties of the employee
One paragraph under each with a short bio of the employee
These are the flyers about the all-inclusive vacation employees:
Lucy AdamsShe's the singer of our cruise! You will enjoy her beautiful voice every night of your holiday and have a great time listening to the best songs you can think of!
Lucy is a professional singer who sings in three different languages: English, Spanish and Italian. She's the best one out here in the sea! Don't miss her!
Tom DíazHe's the chief animator of our cruise! He's the one in charge of making you have your best vacation! You will laugh with his jokes and enjoy the day next to the pool playing games with him and the rest of the amazing team.
Tom has been working in the entertainment industry for many years now. He is a comedian so he will know how to make you laugh!
Penelope SmithShe's the best tourist guide in this cruise! She can explain to you what you do in the places where the cruise stops. You can't miss her recommendations!
Penelope has studied tourism and she knows how to make your trip the best one! She has been to all the places we will visit with the cruise so you can ask her for advice whenever you need.
John HarriesHe's the best chef you can find! You can find John in the purple restaurant where you can try the best food you have ever eaten. He specializes in pasta, so you can't miss the Italian night in the cruise!
John is a professional chef with many years of experience on board. He has lived many years in Italy where he learnt everything about the culture and flavors that he applies to his dishes.
How do you solve writing exercises?To complete writing exercises in English, you have to do a research of the topic you are going to write about first. In this case, you have to select four jobs that are available to do in all-inclusive holidays and then write flyers with specific information about the people who do these jobs.
In writing exercises, it is important to use key words and organise your information so it is easier for the reader to understand.
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Some of anderson’s plans will take over one year to complete. Based on what you know about planning, these types of plans are most likely.
The type of plans are known as long term planning.
What is planning?It should be noted that planning simply means the strategies that are put in place in order to achieve a goal.
In this case, the type of plans are known as long term planning. This is because they're above a year.
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Given the 2020 recession, what should be the goal of monetary policy? Should the Fed enact expansionary or contractionary policy? In other words, should the Fed increase the money supply/credit supply or decrease the money/credit supply. Explain what they might do to achieve their goal.
Answer:
Expansionary monetary policies
Explanation:
A recession is characterized by reduced economic activities, a high unemployment rate, and low business incomes. The economy experiences a reduced demand for products and services, leading to low production and a slow economic growth rate.
In a recession like in 2020, the Fed should employ measures that will stimulate economic growth. The appropriate measures are the expansionary monetary policies. These policies seek to increase liquidity in the market, thereby increasing the aggregate demand. Expansionary monetary policies increase the money supply in the economy; they include a reduction in the reserve requirement, reduction in the discount rate, and open market purchases.
Arrange the steps of the decision-making process to solve a problem in the correct order.
Answer:
add, mutilply, subtract, and divide
Explanation:
i want to say that because we was taught that in school a special unique was taught to learn it
Answer:
see image for the exact answer
Explanation:
Insurance companies are interested in the mean health costs each year of their clients, so that they can determine the costs of health insurance. Identify the following a. Population: b. Sample: c. Parameter: d. Statistics: e. Variable: f. Data:
Population is the group of people for whom the Insurance companies are interested to determine the mean health costs. Here, the population is the clients of the Insurance companies who have a health insurance policy with them. Sample is a subset of the population, i.e., a group of people selected from the population. In this case, the sample could be a group of clients chosen from the population.
Parameter is the value that describes the entire population. Here, the mean health cost of all the clients of the Insurance company is the parameter.
Statistics are the value that describes the sample. In this case, the mean health cost of the chosen group of clients is the statistic.
Variable is a feature that can differ from person to person. Here, the variable is health cost.
Data is the recorded information on the variable. In this case, the data is the annual health cost of each client.
Population: The group of people for whom the Insurance companies are interested to determine the mean health costs is the population. Here, the population is the clients of the Insurance companies who have a health insurance policy with them.
Sample: A subset of the population, i.e., a group of people selected from the population is known as a sample. In this case, the sample could be a group of clients chosen from the population.
Parameter: The value that describes the entire population is called the parameter. Here, the mean health cost of all the clients of the Insurance company is the parameter.
Statistics: The value that describes the sample is known as statistics. In this case, the mean health cost of the chosen group of clients is the statistic.
Variable: A feature that can differ from person to person is a variable. Here, the variable is health cost.
Data: The recorded information on the variable is known as data. In this case, the data is the annual health cost of each client.
Thus, Insurance companies are interested in the mean health costs each year of their clients to determine the costs of health insurance. Here, population, sample, parameter, statistics, variable, and data are identified.
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How do credit card companies use a person's credit report?
A.) To determine if that person should be given a loan or credit card
B.) To calculate how much interest the person is owed on their account
C.) To help them figure out ways to pay off their outstanding debt
D.) To figure out if that person has been using a budget
Answer:
The answer is the letter A
Answer:
A
Explanation:
Read the case thoroughly and answer all the questions
Surya Nepal Private Limited (SNPL) is an Indo-Nepal-UK joint venture, which started operations in Nepal in 1986. Surya Nepal is one of the the largest private sector enterprises in Nepal and a subsidiary of ITC Limited, India, the balance shares are held by 20 Nepalese individual & corporate shareholders and British American Tobacco (Investment) Limited, UK. Surya Nepal’s business includes manufacture and marketing of cigarettes in Nepal as well as exports of ready-made garments with a total turnover of over US $100 million. Surya Nepal’s manufacturing unit of ready-made garments in Nepal was shut down in the last decade, particularly due to the labour unrest problem. Surya Nepal’s commitment to its corporate vision "enduring value for all stakeholders" has been uncompromising through the years and is reflected in every product, process and service provided by the company. The company was awarded with the prestigious FNCCI National Excellence Award during 2007 for being the best-managed corporation in Nepal. The company was also the recipient of various national safety and environmental awards and with the constant focus on systemic work processes, both cigarette and garment factories are ISO- 9001:2000 certified. Surya Nepal is planning to establish a new cigarette plant in Surkhet, in near future, to expand its business. Surya Nepal’s decision to establish the cigarette plant in Surkhet comes with ITC’s plan to expand its international market. The new plant will create an additional employment for about many people. Surya Nepal, one of the the highest taxpayers among Indian joint ventures in Nepal, produces 15 brands of cigarettes and enjoys about 90 percent market share in Nepal.
Questions: a. Why do you think Surya Nepal is focusing on Nepal’s hilly area than in Terai?
Surya Nepal focuses on Nepal's hilly area for tobacco cultivation, favorable climatic conditions, tapping into local market demand, and logistical advantages.
Surya Nepal is focusing on Nepal's hilly area rather than in Terai due to several factors. Firstly, the hilly regions of Nepal provide suitable climatic conditions for tobacco cultivation, which is a crucial raw material for cigarette production.
The altitudes and soil conditions in the hilly areas create an ideal environment for growing high-quality tobacco leaves. By establishing a cigarette plant in Surkhet, Surya Nepal can have easy access to the hilly regions and ensure a steady supply of tobacco.
Secondly, Surya Nepal may be targeting the hilly area to tap into the local market demand. The company already enjoys a significant market share in Nepal, and by setting up a plant in Surkhet, they can cater to the preferences of consumers in the hilly regions more efficiently. This strategic move allows them to strengthen their position in the domestic market and enhance their brand presence.
Furthermore, the decision to focus on the hilly area could be influenced by logistical considerations. Surkhet's location in the hilly region provides proximity to transportation routes, facilitating the distribution of products within Nepal. This proximity can result in cost savings and streamlined operations for Surya Nepal.
In summary, Surya Nepal's focus on Nepal's hilly area is driven by favorable tobacco cultivation conditions, market demand, and logistical advantages. By establishing a cigarette plant in Surkhet, the company can ensure a consistent supply of high-quality tobacco, cater to regional preferences, and optimize distribution channels.
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how do u mark brainlist pls? hurry
Answer:
after two or more people answer there will be a crown next to the report button
Explanation:
Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
How much will Gianna earn in interest? What amount will she have at the end of the time period?
Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
2. Making choices is necessary in all economic systems because:
A. there are so many products that we cannot use them all at once
B. the government has so much money that it does not know what to do with it
C. there are so many resources compared to people’s needs that we have to choose which ones not to use
D. there are so many wants compared to scarce resources that we have to decide what to produce
Explanation:
it is d because we don't have enough resources to sustain forever so we have to figure out how to make them last.
What is the purpose of a balanced budget amendment to the US constitution?
O The amendment would forbid Congress from increasing taxes until spending is cut to a reasonable rate.
O The amendment would require the US government to spend no more than it collects in taxes and other revenues, excluding
borrowing.
O The amendment would force
Congress to cut entitlement spending until the federal debt is gone.
O The amendment would give states the opportunity to cut spending
in order to balance the federal budget.
The purpose of a balanced budget amendment to the US constitution is to require the US government to spend no more than it collects in taxes and other revenues, excluding borrowing. This means that the government would be required to balance its budget each fiscal year, without running a deficit. The goal of such an amendment is to promote fiscal responsibility and prevent the government from accumulating excessive levels of debt, which could have negative consequences for the economy and future generations.
- The amendment would require the US government to spend no more than it collects in taxes and other revenues, excluding borrowing.
during the implementation process, the systems analyst is a(n) . (1 point) hindrance to progress change agent budget analyst roadblock estimator
During the implementation process, the systems analyst is a change agent. This means that they play a crucial role in facilitating the transition from the old system to the new one. The correct option is B.
As a change agent, the systems analyst helps to identify and address any obstacles that may arise during the implementation process. They work with various stakeholders to ensure that everyone is on board and that the implementation is progressing smoothly.
The systems analyst also serves as a liaison between the technical team and the end-users. They translate the technical jargon into plain language that the end-users can understand. This helps to minimize confusion and ensures that everyone is on the same page. The systems analyst also provides training to end-users to ensure that they are comfortable with the new system and know how to use it effectively.
In summary, the systems analyst is a critical player in the implementation process. They serve as a change agent, helping to facilitate the transition to the new system, and ensure that everyone is on board. By working closely with various stakeholders, the systems analyst helps to minimize obstacles and ensure that the implementation process is successful.
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Complete question:
during the implementation process, the systems analyst is a(n) . (1 point)
a,. hindrance to progress
b. change agent
c. budget analyst
d. roadblock
e. estimator
Which career pathways require workers to train at special academies?
EMTs and Emergency Dispatchers
Crossing Guards and Lifeguards
Police Officers and Firefighters
Lawyers and Judges
Answer:
Police Officers and Firefighters
Answer:
the correct answer would be police officers and firefighters
Explanation:
hope this helps:)
if you wanted to take the survey to be included in the next revision of the strong interest inventory, which requirements would you have to fulfill?
The strong interest inventory is vital in helping individuals identify their work personalities and it's available at skillsone.
The strong interest inventory refers to a career self-assessment tool. The strong interest inventory is used by career development specialists in measuring the interests of their clients and to help them to choose a career.
The strong interest inventory test helps people match their interests with potential career, educational, and leisure activities by using their preferences in different areas.
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You have been asked to prepare an analysis of the overhead costs in the order-processing department of a mail-order clothing company. As an initial step, you prepare a summary of some events that bear on overhead for the most recent period. The variable overhead flexible budget variance was $6,000 unfavorable. The standard variable overhead price per order was $0. 6. Ten orders per hour is regarded as standard productivity per clerk. The total overhead incurred was $202,200, of which $133,500 was fixed. There were no variances for fixed overhead. The variable overhead spending variance was $1,500 favorable. Required
Find the following:
1. Variable overhead efficiency variance
2. Actual hours of input
3. Standard hours allowed for output achieved
In the overhead analysis of the mail-order clothing company, the standard hours allowed for output achieved can be calculated as follows:
Variable overhead flexible budget variance = Actual variable overhead cost - Flexible budgeted variable overhead costActual variable overhead cost = Flexible budgeted variable overhead cost + Variable overhead flexible budget variance= $202,200 - ($0.6 x 10 orders/hour x total hours)Ten orders per hour is regarded as standard productivity per clerk. Therefore, total hours = Total orders / Standard productivity per clerk.Substituting total hours in the formula for actual variable overhead cost, we get:$202,200 - ($0.6 x 10 orders/hour x Total orders / Standard productivity per clerk)Therefore, the formula for total hours becomes:Total hours = (Flexible budgeted variable overhead cost + Variable overhead flexible budget variance - Actual variable overhead cost) / (Standard variable overhead rate x Standard productivity per clerk)Substituting the given values, we get:Total hours = ($0 + (-$6,000) - $202,200) / ($0.6 x 10)= 11,000Therefore, the standard hours allowed for output achieved are 11,000 hours.
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the estimated expense for accounts that may not be collected is referred to as:
Answer: a bad debt expense
Explanation:
The estimated expense for accounts that may not be collected is referred to as. bad debt expense. Joyce Corp uses the percentage-of-receivables method to account for bad debt expense. Joyce determines that a customer account of $20,000 should be written off as uncollectible
If income is 4,800, consumption is 3,500, government spending is
1,000, and taxes minus transfers are 800, private saving is:
Group of answer choices
500
1300
300
1000
Private savings can be calculated by subtracting consumption, government spending, and taxes minus transfers from income.
Given:
Income = 4,800
Consumption = 3,500
Government spending = 1,000
Taxes minus transfers = 800
To calculate private savings, we need to subtract consumption, government spending, and taxes minus transfers from income:
Private saving = Income - Consumption - Government spending - Taxes minus transfers
Plugging in the values:
Private saving = 4,800 - 3,500 - 1,000 - 800
Simplifying the equation:
Private saving = 4,800 - 3,500 - 1,000 - 800
Private saving = 500
Therefore, private saving is 500 in this scenario.
Private saving refers to the portion of income that individuals and households save for future use instead of spending it immediately. In this case, private saving is 500, indicating that individuals and households saved 500 out of their total income of 4,800. Thi could be used for various purposes such as investments, emergency funds, or future expenses.
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The August bank statement and cash T-account for Martha Company follow:
Date
August 1
August 2
August 3
August 4
August 5
August 9
August 10
August 15
August 21
August 24
August 25
August 30
August 30
August 31
August 1 Balance
Deposits
August 2
August 12
August 24
August 31
August 31 Balance
Checks
$340
440
290
970
350
440
22,300
830
Debit
BANK STATEMENT
Deposits
$ 12,600
4,200
7,300
Interest earned
Service charge
Cash (A)
18,330
12,600
4,200
7,300
5,200
Other
20,730
Checks written
340
440
290
350
970
330
610
830
440
22,300
$ 30
10
Balance
$ 18,330
17,990
30,590
30,150
29,860
28,890
28,540
32,740
32,300
10,000
17,300
16,470
16,500
16,490
Credit
August 1
August 2
August 3
August 4
August 5
August 15
August 17
August 18
August 19
August 23
No deposits were in transit and no checks were outstanding at the end of July
Which of the following is one of the primary responsibilities of the federal judicial branch?
Answer:
to judge if laws made by the legislative branch are constitutional
Explanation:
Answer:
to judge the constitutionality of laws
Explanation:
when organizations undergo change, the first stage employees go through is called:
The first stage employees go through when an organization undergoes change is called denial. During this stage, employees may become overwhelmed with the change and deny that it is happening or that it will affect them.
They may also feel powerless if they do not have the ability to influence the change. This can lead to feelings of frustration and anxiety, which can manifest in the form of apathy, resistance, and even aggression. During this stage, employees may also cling to the status quo and resist any kind of change, even if it would be better for the organization in the long run.
It is important for leaders to support and empathize with employees during this stage by listening to their concerns and providing an environment of understanding and collaboration. With the right support, employees can move through this stage and eventually start to accept and adapt to the change.
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Why is it important to use the right strategies to beat competition?:
Answer:
Therefore, competitive strategy is essential for the survival of the product in the market. Having a new competitive strategy to beat rival companies or their products by renaming or redesigning their products will help the company to be more profitable and create an image new on the market.
Benefits may include things like health insurance, life insurance, retirement funds, equity opportunities (stock in the company), and tuition assistance.
True
False
Answer:
True
Explanation:
Benefits are things that improve the well-being of employees. They could be in monetary or non-monetary format. The Majority of benefits relate to employees' healths and their life after retirement.
Apart from salaries, employers offer benefits to employees to make the job offer more attractive. Benefits also act as a source of motivation for workers. They are a way of showing that the employer cares for the workers. Benefits improve the employer-employee relationship.
the most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase is
The given statement which is "the most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase " is generally true.
One of the most common reasons that systems fail is due to problems with requirements gathering during the analysis phase. This is because the analysis phase is where the business requirements for the system are identified and documented, and if these requirements are not properly gathered or are incomplete, the resulting system may not meet the needs of the business. This can lead to a variety of problems, including system failures, inefficiencies, and lost productivity. Therefore, it is essential to conduct thorough requirements gathering and analysis to ensure the success of a system.
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The correct question could be
The most common reason that systems fail is because the business requirements are either missing or incorrectly gathered during the analysis phase. State True or False
List 5 Entrepreneural qualities
Explanation:
resolute motivation and passion, creative thinking, self discipline, risk taking ability, and persistence