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Words 643

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What are the eligibility requirements that a corporation must meet in order to qualify under Subchapter S?

-Be a domestic corporation;

- Have no more than 100 shareholders;

- The S Corporation must include only eligible shareholders in the election;

- The entity must have only one class of stock;

- The business must not be an ineligible corporation.

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What limits are placed on the selection of a tax year of an S corporation? How do these limits differ from those applicable to C corporations and partnerships?

An S Corp. must use a calendar year as their taxable year, unless certain circumstances are approved for the S Corp. by the IRS, which may allow the S Corp. to use a tax year other than the calendar year. Using a calendar year can be a challenge for businesses that changed entity type to an S Corp, and are used to using a fiscal year.

This is also contrasted from a C Corp., which can use a calendar year or a taxable year, and a partnership, which normally uses whatever the taxable year is currently used for the individual partners in the partnership.

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Durrabusiness is organized as a regular C corporation in 1986. At the beginning of the present year, Durrabusiness elects to be an S corporation. Will the election cause a recapture of the general business investment credit taken on any property purchased while a C corporation?

The election as an S Corporation will not cause a recapture of the general business investment credit taken on property purchased while the status was a C Corp. The reason for this is because the S Corp. election does not dispose of the assets purchased when a C Corp that lead to investment credit recapture. The asset purchase is treated as nothing more than a change that has taken place in the form of conducting business, per the Internal Revenue Code (IRC). Also, if the S Corporation is ever terminated, that…...

...DeVry BUSN 278 Week 5 And Week 6 Homework – Updated IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.hwprofile.com/?download=devry-busn-278-week-5-and-week-6-homework-updated IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM HOMEWORK Week 5 (TCO 7) The financial budgets include the: cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus: beginning inventory. desired ending inventory. desired ending inventory plus beginning inventory. desired ending inventory minus beginning inventory. Question 3. Question : (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? 5,000 6,400 7,800 12,800 Question 4. Question : (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 350,000 pounds 560,000 pounds 280,000 pounds 490,000 pounds Question 5.......

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...DeVry BUSN 278 Week 5 And Week 6 Homework - Updated IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/wp-admin/post.php?post=2066&action=edit IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM HOMEWORK Week 5 (TCO 7) The financial budgets include the: cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus: beginning inventory. desired ending inventory. desired ending inventory plus beginning inventory. desired ending inventory minus beginning inventory. Question 3. Question : (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? 5,000 6,400 7,800 12,800 Question 4. Question : (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 350,000 pounds 560,000 pounds 280,000 pounds 490,000 pounds Question 5. Question : (TCO 7) ABC Company expects the following sales......

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...DeVry BUSN 278 Week 5 And Week 6 Homework - Updated IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/wp-admin/post.php?post=2066&action=edit IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM HOMEWORK Week 5 (TCO 7) The financial budgets include the: cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus: beginning inventory. desired ending inventory. desired ending inventory plus beginning inventory. desired ending inventory minus beginning inventory. Question 3. Question : (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? 5,000 6,400 7,800 12,800 Question 4. Question : (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 350,000 pounds 560,000 pounds 280,000 pounds 490,000 pounds Question 5. Question : (TCO 7) ABC Company expects the following sales......

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...DeVry MATH 221 Week 5 Homework - Latest IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/wp-admin/post.php?post=3324&action=edit IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM MATH 221 Homework Week 5 1 A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could not be used as a model for the variable. 1. A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could......

Words: 665 - Pages: 3

...DeVry MATH 221 Week 5 Homework - Latest IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/wp-admin/post.php?post=3324&action=edit IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM MATH 221 Homework Week 5 1 A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could not be used as a model for the variable. 1. A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could......

Words: 665 - Pages: 3

...DeVry MATH 221 Week 5 Homework - Latest IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/wp-admin/post.php?post=3324&action=edit IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM MATH 221 Homework Week 5 1 A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could not be used as a model for the variable. 1. A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could......

Words: 665 - Pages: 3

...DeVry BUSN 278 Week 5 And Week 6 Homework - Updated IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-busn-278-week-5-and-week-6-homework-updated-2 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM HOMEWORK Week 5 (TCO 7) The financial budgets include the: cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus: beginning inventory. desired ending inventory. desired ending inventory plus beginning inventory. desired ending inventory minus beginning inventory. Question 3. Question : (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? 5,000 6,400 7,800 12,800 Question 4. Question : (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 350,000 pounds 560,000 pounds 280,000 pounds 490,000 pounds Question 5. Question : (TCO 7) ABC Company......

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...BSOP 330 WEEK 5 HOMEWORK PROBLEMS DEVRY To purchase this visit here: http://www.activitymode.com/product/bsop-330-week-5-homework-problems-devry/ Contact us at: SUPPORT@ACTIVITYMODE.COM BSOP 330 WEEK 5 HOMEWORK PROBLEMS DEVRY MATER PRODUCTION SCHEDULE PROBLEM 1, 2 AND 3 MASTER PRODUCTION SCHEDULE MAKE-TO-STOCK Beginning PAB prior to week number one is 500. If the forecast is larger than the book orders, complete the MPS using the forecast demand. If the booked orders is larger than the forecast complete the MPS using the booked orders Lead-time for MPS releases is one week. All MPS releases must be in lot sizes of 250 units. Period order coverage is one period. 1. Complete the MPS due line and the MPS released line. 2. Complete the PAB line. 3. Complete the ATP line. BSOP Master Planning, Week 5 Assignment, Problem Two Make-to-Stock MPS GIVENS FOR THE MPS PROBLEM: 1. Beginning on-hand inventory prior to week one is 200 units. 2. If the forecast is larger than the book orders, complete the MPS using the forecast demand. If the booked orders is larger than the forecast complete the MPS using the booked orders 3. Lead-time for MPS planned orders is one week. 4. All MPS releases must be in lot sizes of 200 or multiples of 200. REQUIRED: Complete the MPS due and MPS planned lines. Calculate the new projected on-hand inventory line. Calculate the ATP line for the entire MPS. BSOP330 Master Planning, Week 5, Problem 3 Forecast Disaggregation Product......

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...DeVry BUSN 278 Week 5 And Week 6 Homework - Updated IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-busn-278-week-5-and-week-6-homework-updated-2 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM HOMEWORK Week 5 (TCO 7) The financial budgets include the: cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus: beginning inventory. desired ending inventory. desired ending inventory plus beginning inventory. desired ending inventory minus beginning inventory. Question 3. Question : (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? 5,000 6,400 7,800 12,800 Question 4. Question : (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 350,000 pounds 560,000 pounds 280,000 pounds 490,000 pounds Question 5. Question : (TCO 7) ABC Company......

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...DEVRY BUSN 379 Week 5 Homework - Latest IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-busn-379-week-5-homework-latest IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM WEEK 5 Chapter 11: 4, 7, 17, and 29 Problem 4 Portfolio Expected Return. You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 11 percent. If your goal is to create a portfolio with an expected return of 12.4 percent, how much money will you invest in Stock X? In Stock Y? Problem 7 7. Calculating Returns and Standard Deviations. Based on the following information, calculate the expected return and standard deviation for the two stocks. Problem 17 Using CAPM. A stock has a beta of 1.15 and an expected return of 10.4 percent. A risk-free asset currently earns 3.8 percent. a. What is the expected return on a portfolio that is equally invested in the two assets? b. If a portfolio of the two assets has a beta of .7, what are the portfolio weights? c. If a portfolio of the two assets has an expected return of 9 percent, what is its beta? d. If a portfolio of the two assets has a beta of 2.3, what are the portfolio weights? How do you interpret the weights for the two assets in this case? Explain. Problem 29 29. SMLSuppose you observe the following situation: a. Calculate the expected return on each...

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...DEVRY BUSN 379 Week 5 Homework - Latest IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-busn-379-week-5-homework-latest IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM WEEK 5 Chapter 11: 4, 7, 17, and 29 Problem 4 Portfolio Expected Return. You have $10,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 11 percent. If your goal is to create a portfolio with an expected return of 12.4 percent, how much money will you invest in Stock X? In Stock Y? Problem 7 7. Calculating Returns and Standard Deviations. Based on the following information, calculate the expected return and standard deviation for the two stocks. Problem 17 Using CAPM. A stock has a beta of 1.15 and an expected return of 10.4 percent. A risk-free asset currently earns 3.8 percent. a. What is the expected return on a portfolio that is equally invested in the two assets? b. If a portfolio of the two assets has a beta of .7, what are the portfolio weights? c. If a portfolio of the two assets has an expected return of 9 percent, what is its beta? d. If a portfolio of the two assets has a beta of 2.3, what are the portfolio weights? How do you interpret the weights for the two assets in this case? Explain. Problem 29 29. SMLSuppose you observe the following situation: a. Calculate the expected return on each...

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...DeVry MATH 221 Week 5 Homework - Latest IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-math-221-week-5-homework-latest IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM MATH 221 Homework Week 5 1 A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could not be used as a model for the variable. 1. A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution......

Words: 665 - Pages: 3

...DeVry BUSN 278 Week 5 And Week 6 Homework - Updated IF You Want To Purchase A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-busn-278-week-5-and-week-6-homework-updated-2 IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM HOMEWORK Week 5 (TCO 7) The financial budgets include the: cash budget and the selling and administrative expense budget. cash budget and the pro forma balance sheet. pro forma balance sheet and the pro forma income statement. cash budget and the production budget. Question 2. Question : (TCO 7) In a production budget, the units to be produced are the budgeted sales units plus: beginning inventory. desired ending inventory. desired ending inventory plus beginning inventory. desired ending inventory minus beginning inventory. Question 3. Question : (TCO 7) The production budget shows planned sales of 43,000. Beginning inventory is 6,400. Units to be produced are 44,400. What is the desired ending inventory? 5,000 6,400 7,800 12,800 Question 4. Question : (TCO 7) If there were 70,000 pounds of raw materials on hand on January 1, 140,000 pounds are desired for inventory at January 31, and 420,000 pounds are required for January production, how many pounds of raw materials should be purchased in January? 350,000 pounds 560,000 pounds 280,000 pounds 490,000 pounds Question 5. Question : (TCO 7) ABC Company......

Words: 684 - Pages: 3

Words: 684 - Pages: 3

...DeVry MATH 221 Week 5 Homework - Latest IF You Want To Purcahse A+ Work then Click The Link Below For Instant Down Load http://www.acehomework.net/?download=devry-math-221-week-5-homework-latest IF You Face Any Problem Then E Mail Us At JOHNMATE1122@GMAIL.COM MATH 221 Homework Week 5 1 A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution could not be used as a model for the variable. 1. A study was conducted that resulted in the following relative frequency histogram. Determine whether or not the histogram indicates a normal distribution could be used a model for the variable. 1. The histogram is not bell-shaped, so a normal distribution could not be used as a model for the variable. 2. The histogram is bell-shaped, so a normal distribution could be used as a model for the variable. 3. The histogram is not bell-shaped, so a normal distribution could be used as a model for the variable. 4. The histogram is bell-shaped, so a normal distribution......

Words: 665 - Pages: 3