What are the tax advantages and disadvantages of converting a C Corporation into an LLC?

Q: Question 1 UMU has demand for 1400 water pumps each year. The cost of a water pump to LUMU is $400.…

A: Economic order quantity is the optimal quantity to be ordered to minimize the overall cost.

Q: Activity 2: Direction: Use given the ratio compute the Financial Ratio Analysis. The comparative…

A: h.) Debt Ratio = Debt / total fund  : Debt = There is no Debt in the company so no ratio of debt in…

Q: Folsom Advertising, Inc. is considering an investment in a new information system. The newsystem…

A: The Payback Period indicates how long it would take a company to repay investment. This form of…

Q: Phillip purchased a machine for $20,000 for his company. He paid 5.00% of this amount as a down…

A:

Q: Required Informatlon Problem 25-49 (LO 25-2) (Algo) [The following Information applies to the…

A: Casey made a taxable gift = of $7.4 million each to both Stephanie and Linda. Total gift value  =…

Q: 7 On January 1, P2,500,000 for life of 5 years expected that would total PE

A: Amortization refers to writing off of an intangible asset over a specific time period.

Q: Which of the following is correct?   Group of answer choices 1. The lower the price you pay for a…

A: An overpriced bond is one whose price is more than its value. Therefore, 2nd option is incorrect.…

Q: Liabilities and Equity Assets Cash Accounts receivables 34,000 Inventory Prepaid Insurance Capital…

A: a) Account Receivable is the shown on asset side of balance sheet . It is the amount that is to be…

Q: Last year, YG had P250,000,000 of sales and P100,000,000 of fixed assets, so its FA/Sales ratio was…

A: Sales Revenue: The amount which a company gets from the sale of disposals of their manufactured…

Q: Refer to the information for Cuneo Company above.Required:1. Prepare a common-size income statement…

A: A common-size income statement seems to be one where every line item is stated as a percentage of a…

Q: On January 1, 20Y6, the controller of Omicron Inc. is planning capital expenditures for the years…

A: A capital expenditure budget is a written plan that details the costs and timing of a company's…

Q: Presented below are selected transactions at Ingles Company for 2010. Jan. 1 Retired a piece of…

A: The straight-line method: The straight-line method indicates a technique for determining…

Q: Which of the following is not a characteristic of a lean accounting system? Multiple Cholce Costs in…

A: lean accounting is the collection of principal and the process that provides the numerical feedback…

Q: BIGBANG Company generated a total of P310,000,000 Sales in its operation for 2022. It financial…

A: The sales revenue is revenue earned by the business for various costs incurred during the period.…

Q: Fixed Cost Cost per Car Washed $ 0.70 $ 0.07 $ 0.15 $ 0.20 per Month Cleaning supplies Electricity…

A: A budget is one that adjusts to the degree of activity or volume in a business. A flexible budget,…

Q: If the estimated rate of gross profit is 30%, what is the estimated cost of the inventory on…

A: Inventory accounting is the method of accounting that deals with the valuation and reporting of…

Q: What is a budget contingency and what are three reasons it might be useful?

A: Contingency budget, in the context of project management, is an amount of money that is included to…

Q: At the end of each quarter, Patti deposits $1,800 into an account that pays 10% interest compounded…

A: Future Value of Annuity = Present Value x [{(1 + i)n - 1} / i]

Q: 1-a. Costs per equivalent unit. (Round your answers to 4 decimal places.) 1-b. Cost of goods…

A: In the given question, the details of Alvis Construction Supply Company are available. The details…

Q: . The payroll register of Seaside Architecture Company irdicates $970 of social security and $257 of…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Explain the following terms. Include the definition, how they are calculated, treated in the…

A: Disclaimer:  “Since you have posted a question with multiple sub-parts, we will solve first three…

Q: If BHD 12000 is invested on June 25, 2022 at 6% interest compounded semi-annually, find the maturity…

A: Maturity value= P * (1+R)^T = 12000*(1+6%/4)^1 = 12000*(1+1.5%)^1 = $ 12180

Q: A publishing company is planning on developing an SPSS Manual for graduate students in doctoral…

A: Formula: Break even point = Fixed cost / Unit contribution margin

Q: Jennie Company assigned on a notification basis P4,000,000 of accounts receivable to a finance…

A: The correct answer for the above mentioned question is given in the following steps for your…

Q: Give me a formula of sensitivity analysis under of cost volume profit analysis(CVP). Thank youuu:)

A: The sensitivity analysis of the CVP model demonstrates how the model will change when any of its…

Q: 23. The Blue Plate Co. is operating at 50% capacity producing 100,000 units of ceramic plates a…

A: This is a question that requires anaysis of relevant cost of two different alternative that are…

Q: Each of the following factors affects the weighted average cost of capital (WACC) equation. Which of…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Dala e estimated scrap value.

A: Answer

Q: Under the fair value option for debt investment, entities report all changes in fair value in…

A: Lets understand the basics. Fair value option means a option in which change in fair value in debt…

Q: Assume you are the department B manager for Marley's Manufacturing. Marley's operates under a…

A: Department's operating income / (loss) an income or loss earned from the general operation of the…

Q: The following information has been extracted from the records of Marie Company about one of its…

A: Inventory methods: Inventory methods are the accounting techniques applied by manufacturing entities…

Q: 7. At the beginning of the day, you have P20 cash in your pocket. At the end of the day, you have P5…

A: Vertical analysis is conducted vertically within a column, and horizontal analysis is conducted…

Q: Apnl 1 Paid rent, P 5.000. 3 Pertormed delivery services for P1.000: P600 in cash and PAC0 on…

A: Trial Balance: It is  a bookkeeping worksheet  where  debit and credit  balance of all ledgers are…

Q: laces.) Econo-Cool annual cost

A: Net present value  is the difference between the present value of cash inflows that are discounted…

Q: The following lots of a particular commodity were available for sale during the year Beginning…

A: The following lots of a particular commodity were available for sale during the year Beginning…

Q: D9 An advantage of a cash lease relative to a crop share lease is: The tenant retains more…

A: Cash lease refer to the lease in which the tenant pays fixed dollar amount for the land as rent.…

Q: the company's sales volume in pounds must be:

A: Answer: C. £ 414,000

Q: Est. Percentage Uncollectible Age Interval Balance Not due $63,000 2% 1-30 days past due 7,100 31-60…

A: Formula: Estimated Uncollectible amount = Balance amount x Estimated Percentage Uncollectible.

Q: Boston Company has retirement plan which entitles its employees to an amount equivalent to the…

A: Defined Benefit Pension Plan is the type of pension plan in which retirement benefits are defined.…

Q: Tennessee Corporation is analyzing a capital expenditure that will involve a cash outlay of…

A: Capital Budgeting: Capital budgeting is a technique which enables an entity to know the…

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A: Pro Forma Cash Flow   Cash Received   Cash from Operations   Cash Sales xxx Subtotal Cash…

Q: 4. On April 1, 2021, KAKAYANIN Company had 6,000 units of Work in Process in Department B, the…

A: In the context of the given question, firstly we should compute the statement of equivalents…

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A: In this question, we will show necessary adjustment for the year. a. Statement of comprehensive…

Q: C. Assume that the 52,000 shares of preferred stock are callable for $12 per share at the option of…

A: Journal entry - It refers to the process where the business transactions are recorded in the books…

Q: Jenkins Corporation had $675,000 of taxable income for 2018 and $575,000 for 2019. What is the…

A: Tax is the mandatory contribution by the taxpayer to the government. The tax is paid as a percentage…

Q: Management of Great Springs Bottled Water Company has asked you, the controller, to develop a…

A:

Q: Lancelot Group of Companies would like to estimate its cost function for proper cost management…

A: cost function is a function that uses the formula in order to predict the cost that will be…

Q: Current Year Current Year Prior Year Prior Year Amount Percent Amount Percent Revenues: fill in the…

A: Formula: Current year percent : Admission percent = ( Admission value / Total Revenues ) x 100

Q: Allowing only the treasurer to sign checks is an example of O segregation of duties. O establishment…

A: Introduction: A check is a written, dated, and signed document instructing a bank to pay the bearer…

Q: Young Inc. produces plastic bottles. Production of 16-ounce bottles has a standard unitquantity of…

A: Variance refers to the difference of budgeted and actual figures for items of revenues and expense.