Does the timing of a distribution matter as to whether it is taxed as a dividend or treated as a return of capital? explain. a.yes. if the corporation has a current e& p deficit and positive accumulated e& p, then the amount of current e& p deficit accrued on the distribution date reduces the accumulated e& p, so the remainder is all that's allowed as a dividend. b.yes. if the corporation makes more than one distribution during the year, and there is insufficient e& p for all distributions to be treated as dividends, then the current e& p is allocated ratable to all distributions, but the accumulated e& p is allocated on a fifo basis to each distribution. c.no. if the corporation makes multiple distributions, and the corporation's total e& p does not cover the full distribution, dividend treatment will be disallowed. d.both a and b.

Wallace company provides the following data for next year: month budgeted sales january $120,000 february 108,000 march 140,000 april 147,000 the gross profit rate is 35% of sales. inventory at the end of december is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost. what is the amount of purchases budgeted for january?

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

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.