C:2‑3 Bruce and Bob organize Black LLC on May 10 of the current year. What is the entity’s default tax classification? Are any alternative classification(s) available? If so‚ (1) how do Bruce and Bob elect the alternative classification(s) and (2) what are the tax consequences of doing so? If Bruce and Bob are the only owners by default they will be billed as if they were a partnership. If they chose to‚ they could be taxed as an S Corp. The choice between the two is based on their expected income
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Net pay is gross pay minus deductions. Assume that deductions are taken for tax withholding (30 percent of gross pay) and parking ($10 per month). You will need the following variables: Analysis Process: 1. Display a program title. 2. Prompt for the Employee ID 3. Prompt for the Hourly rate. 4. Prompt for Regular hours. 5. Prompt Overtime hours. 6. Add net and subtract tax’s equal gross. 7. Divide tax to gross. 8. Display the net. Input: Item Employee
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add in profit. 4-1. Solution: Philip Morris Beginning cash $100‚000 – Asset buildup (250‚000) (1/2 × $500‚000) Profit 90‚000 (9% × $1‚000‚000) Ending cash ($60‚000) Deficit 2. Growth and financing (LO4) In Problem 1 if there had been no increase in sales and all other facts were the same‚ what would Philip’s ending cash balance be? What lesson do the examples in Problems 1 and 2 illustrate? 4-2. Solution: Philip Morris (continued) Beginning cash $100‚000 No asset buildup ----- Profit 45‚000
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You could actually get up and dance‚ that’s certainly not a bad idea. Or maybe romantic music‚ something that would remind you of being with that special someone. In 2009 a study for the journal of geriatric and cognitive disorders found that 24 weeks of Alzheimer’s patients choice of music seemed to really help their memory recall. While listening to romantic music‚ it reminded them of those special moments that they shared
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“Sonnet 116” Poetry Theme Analysis “Sonnet 116”‚ William Shakespeare’s most famous sonnet‚ describes the trials true love faces‚ but also how no matter what‚ love is an ever present hope. Love is constantly being tested through outside forces‚ and time’s unavoidable influence upon it. For love to work and be strong‚ the couple must “[a]dmit impediments” and flaws as time goes on‚ and problems occur (2). These impediments can be the breaking point for a couple‚ or they can grow in confidence
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Summary of Self-Assessment Outcomes In this assignment‚ you will be creating a list of your skills‚ values and personality traits. Be sure to use the text material and lectures to assist you with completing the assignment. Step 1: Skills Assessment Indicate five transferable skills you have to offer to an employer. A list of transferable skills is found in our text book on pages 30-31. Feel free to search the Internet for additional lists. After listing the skill‚ briefly explain through
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MATH PROJECT SELECTION LIST 1. Investigate the five "perfect" (or Platonic) solids and explain why there are only five. References: "The Mathematics Teacher"‚ April ’77‚ p. 335; I have directions for making the solids from strips of paper; NCTM Student Math Notes‚ May 1999. 2. Research an invention based on unusual geometric properties or configurations (e.g. Rolamite Bearing‚ Wankel Engine‚ Holograms‚ etc.). References: "Popular Science"‚ Feb. ’76‚ p. 106; "Popular Science"‚ Aug
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29. In fiscal year 2011‚ Starbucks Corporation (SBUX) had revenue of $11.70 billion‚ gross profit of $6.75 billion‚ and net income of $1.25 billion. Peet’s Coffee and Tea (PEET) had revenue of $372 million‚ gross profit of $72.7 million‚ and net income of $17.8 million. a. Compare the gross margins for Starbucks and Peet’s. Gross Marin = Gross Profit/Sales (Page 35) Starbucks: ($6.75 gross profit / $11.70 sales) = 0.57692 x 100 = 58% GM Peet’s: ($72.7 gross profit / $ 372 sales) = 0.19543 x
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Super Duper® Handy Handouts!™ Number 116 What is Down Syndrome? by Becky L. Spivey‚ M.Ed. What is Down syndrome? Down syndrome is a congenital disorder stemming from a chromosomal abnormality appearing in one of every 800 births. It is the most common genetic disorder affecting more than 5‚000 babies born in the United States each year. This syndrome occurs when one chromosome has an extra “part‚” an error occurs in cell division‚ or an extra chromosome exists resulting in 47 chromosomes. Most
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Tassinari Finance 411 Exam 2 Actual Test True/False 1. You expect to receive a cash flow denominated in a foreign currency in six months. You can hedge this exposure by buying the foreign currency in the forward market False 2. An open account is most often used to protect sellers in international trades False 3. Real assets are only exposed to currency risk if they are located within the corporation True 4. Multinational netting identifies offsetting currency exposures within
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