Business, 08.10.2019 01:10, elpeke102p73fz3

The royal motor company manufactures automobiles. nonmanagement employees of the company can buy a new automobile for royal’s cost plus 2%. the automobiles are sold to dealers at cost plus 20%. generally, management employees of local dealer, inc., are allowed to buy a new automobile from the company at the dealer’s cost. which of the following statements is correct? a. the nonmanagement employees who buy automobiles at a discount are not required to recognize income from the purchase. b. none of the employees who take advantage of the fringe benefits described above are required to recognize income. c. employees of royal are required to recognize as gross income 18% (20% – 2%) of the cost of the automobile purchased. d. all of these. e. none of these.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 01:20, chayaharroch03

What cylinder head operation is the technician performing in this figure?

Answers: 1

continue

Business, 22.06.2019 01:50, kkatlynn

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

Answers: 2

continue

Business, 22.06.2019 11:30, pettygirl13

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.

Answers: 1

continue

Business, 22.06.2019 13:00, ksteele1

Apopular low-cost airline, parson corp., has gone out of business. although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low-cost airline out of business through an aggressive price war. which component of the competitive environment does this illustrate? a) threat of new entrants b)competitors c) economic factors d) customers d) regulators

Answers: 1

continue

Do you know the correct answer?

The royal motor company manufactures automobiles. nonmanagement employees of the company can buy a n...