On january 1, eagle corporation (a calendar year taxpayer) has accumulated e & p of $300,000. during the year, eagle incurs a net loss of $420,000 from operations that accrues ratably. on june 30, eagle distributes $180,000 to libby, its sole shareholder, who has a basis in her stock of $112,500. how much of the $180,000 is a dividend to libby?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs

Retail industry fundamentals credential exam,part 1 all answers