Julio and milania are owners of falcons corporation, an s corporation. they each own 50 percent of falcons corporation. in year 1, julio and milania each received distributions of $15,000 from falcons corporation. falcons corporation (an s corporation) income statement december 31, year 1 and year 2 year 1 year 2 sales revenue $ 300,000 $ 430,000 cost of goods sold (40,000 ) (60,000 ) salary to owners julio and milania (40,000 ) (80,000 ) employee wages (25,000 ) (50,000 ) depreciation expense (20,000 ) (40,000 ) section 179 expense (30,000 ) (50,000 ) interest income (related to business) 12,000 22,500 municipal bond income 1,500 4,000 government fines 0 (2,000 ) overall net income $ 158,500 $ 174,500 distributions $ 30,000 $ 50,000 what amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above?

University hero is considering expanding operations beyond its healthy sandwiches. jim axelrod, vice president of marketing, would like to add a line of smoothies with a similar health emphasis. each smoothie would include two free health supplements such as vitamins, antioxidants, and protein. jim believes smoothie sales should fill the slow mid-afternoon period. adding the line of smoothies would require purchasing additional freezer space, machinery, and equipment. jim provides the following projections of net sales, net income, and average total assets in support of his proposal. sandwichesonly sandwiches and smoothies net sales $ 750,000 $ 1,350,000 net income 120,000 210,000 average total assets 350,000 750,000 return on assetschoose numerator ÷ choose denominator = return on assets÷ = return on assets÷ = profit margin÷ = profit margin÷ = asset turnover÷ = asset turnover÷ = times

The following information is from the 2019 records of albert book shop: accounts receivable, december 31, 2019 $ 42 comma 000 (debit) allowance for bad debts, december 31, 2019 prior to adjustment 2 comma 000 (debit) net credit sales for 2019 179 comma 000 accounts written off as uncollectible during 2017 15 comma 000 cash sales during 2019 28 comma 500 bad debts expense is estimated by the method. management estimates that $ 5 comma 300 of accounts receivable will be uncollectible. calculate the amount of bad debts expense for 2019.

Anew firm is developing its business plan. it will require $615,000 of assets, and it projects $450,000 of sales and $355,000 of operating costs for the first year. management is reasonably sure of these numbers because of contracts with its customers and suppliers. it can borrow at a rate of 7.5%, but the bank requires it to have a tie of at least 4.0, and if the tie falls below this level the bank will call in the loan and the firm will go bankrupt. what is the maximum debt ratio the firm can use? (hint: find the maximum dollars of interest, then the debt that produces that interest, and then the related debt ratio.)a. 41.94%b. 44.15%c. 46.47%d. 48.92%e. 51.49%