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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1) Net velocity = 3 cos 55°= 1.72‚ 3 sin 55°-2 = .46 1.72 + .46 = 1.78 m/s Direction traveled will be 14.97° NW. 2) Total distance from you: √50km2 + 2.1km2 + 1.5km2 = 50.067 km from you. Relation to x-axis: = 90° + arccos(2.1/50.067) = 177.59° Relation to y-axis: = arccos(1.5/50.067) = 88.28° 3) Horozontal distance covered is 0+ 1100 * 0.32 = 352m traveled horizontally Vertical distance traveled is -1/2(-9.8)(.32)2 = .502 m traveled vertically 4) If he is 8m from the pool edge and 20m
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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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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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Labor Practices Paper - Sweatshops XXXXX PHL 320DateBridget PeacoIn several countries across the world‚ individuals are being misused and mistreated on a regular basis by sweatshops and the people that run them. A sweatshop is a word used to define an operating atmosphere‚ generally factories producing textile products that are considered hazardous because of poor operating environments. It has been discovered that employees that work at sweatshops often experience metal‚ physical‚ and sexual abuse
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Nude Art Tiffany ART/101 3/22/2013 Summer Nickerson Nude Art Marcel Duchamp’s Nude Descending a Staircase piece of art had a lot of controversy amongst Americans when it was first exhibited in the Amory Show of 1913. In this piece of art he did not have a women pose nude‚ but he used a series of pictures to portray a women walking nude down a flight of stairs. Many people when the first seen the work of art felt as though he was being disrespectful to the audience. The audience
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Kudler Fine Foods Product Offering Foods Product Offering Kudler Fine Foods (KFF) is a grocery store that is looking to offer its quality brand of products in new parts of the world. To start the process Team “A” will analyze market desires and market progress‚ perform a SWOT analysis‚ and outline the product offering and its opposition. Market Needs Kudler’s research and development (R &D) department has completed a market needs assessment and revealed that there is a steady increase
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A firm’s external environment is divided into various subcategories that include Remote industry operating This is considered a collection of firms that offer similar products or services that customers perceive to be substitutable for one another..Industry Because the quantity‚ quality‚ price‚ and accessibility of financial‚ human‚ and material resources are rarely ideal‚ assessment of suppliers and creditors is critical to an accurate evaluation of which of the firm’s external environments? Operating
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