+
ASSUME THE PRE-TAX PROFIT OF $50,000 HAS BEEN EARNED BY A BUSINESS...

ASSUME THE PRE-TAX PROFIT OF $50,000 HAS BEEN EARNED BY A BUSINESS...

Rating:
Rating
(0)
Author: Carol 96
Description:

Click link for more description

http://theperfecthomework.com/assume-the-pre-tax-profit-of-50-000-has-been-earned-by-a-business-and-the-owner-proprietor-wants-to-withdraw-all-of-the-after-tax-profit-for-personal-use/

Assume the pre-tax profit of $50,000 has been earned by a business, and the owner/proprietorwants to withdraw all of the after-tax profit for personal use. Assume the tax rate for a C corporationis 34%, while the rate for a person is 27%. The after-tax earnings available under the corporate andproprietorship forms of business are:a. for a corporation, $24,090; for a proprietorship, $36,500.b. for a corporation, $25,125; for a proprietorship, $37,500.c. for either a corporation or a proprietorship, $36,500.d. for either a corporation or a proprietorship, $24,090.______3.a.b.c.d.One of the best ways to reduce agency conflict is byinstituting severe penalties for bad decisions.hiring outside monitors to keep track of the manager’s decisions.designing an effective compensation package.having managers report to the board of directors.Sybarix Group prepared its financial statements for 2015 based on the information below.The company had cash of $1,206, inventory of $14,290, and accounts receivablesof $6,589. The company’s net fixed assets were $42,412, and other assets were $2,822.It had accounts payable of $11,580, notes payable of $2,886, common stock of $21,800,and retained earnings of $14,368. How much long-term debt did the firm have?$12,314$16,685$18,334$22,3421______

(more)
See More
Try a College Course Free

Sophia’s self-paced online courses are a great way to save time and money as you earn credits eligible for transfer to over 2,000 colleges and universities.*

Begin Free Trial
No credit card required

25 Sophia partners guarantee credit transfer.

221 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 20 of Sophia’s online courses. More than 2,000 colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.

Tutorial