Answer: 25.30%
Explanation:
This can be calculated by the Capital Asset Pricing Model (CAPM):
= Risk free rate + Beta * (Market return - Risk free rate)
= 5% + 1.45 * (19% - 5%)
= 5% + 20.3
= 25.30%
Year 2 Year 1 Sales $86,060 $74,200 Total assets at the end of the year 63,800 68,600 Total assets at the beginning of the year 68,600 79,800 a. Determine the asset turnover for The ABC Depot for Year 2 and Year 1. Round to one decimal place.
Answer:
a. We have:
Year 2 asset turnover = 1.3 times
Year 1 asset turnover = 1.0 time
b. Since asset turnover of the ABC Depot increases from 1.0 time in Year 1 to 1.3 times in Year 2, these turnover therefore indicate that the ability of The ABC Depot to use its assets to generate sales more effectively has increased/improved.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
The ABC Depot reported the following data (in millions) in its recent financial statements:
Year 2 Year 1
Sales $86,060 $74,200
Total assets at the end of the year 63,800 68,600
Total assets at the beginning of the year 68,600 79,800
a. Determine the asset turnover for The ABC Depot for Year 2 and Year 1. Round to one decimal place.
b. What do these turnover indicate concerning the trend in the ability of The ABC Depot to effectively use its assets to generate sales?
The explanation of the answers is now provided as follows:
a. Determine the asset turnover for The ABC Depot for Year 2 and Year 1. Round to one decimal place.
The asset turnover can be calculated using the following formula:
Asset turnover = Sales / Average total assets ………………… (1)
Where:
Average total assets = (Total assets at the beginning of the year + Total assets at the end of the year) / 2
Using equation (1), we therefore have:
Year 2 asset turnover = $86,060 / (($68,600 + $63,800) / 2) = 1.3 times
Year 1 asset turnover = $74,200 / (($79,800 +$ 68,600) / 2) = 1.0 time
b. What do these turnover indicate concerning the trend in the ability of The ABC Depot to effectively use its assets to generate sales?
A higher asset turnover indicates that a company is using its assets to generate sales more effectively.
Since asset turnover of the ABC Depot increases from 1.0 time in Year 1 to 1.3 times in Year 2, these turnover therefore indicate that the ability of The ABC Depot to use its assets to generate sales more effectively has increased/improved.
A firm is considering a project with annual cash flows of $300,000. The project would have a five-year life, and the company uses a discount rate of 12%. What is the amount at which the firm would be indifferent between accepting or rejecting the investment
Answer:
$1,081,434
Explanation:
At indifference point, the present value of cash outflow equals present value of cash inflow.
Present value of cash inflow = Annual cash inflow * PV annuity factor (12%, 5 years)
Present value of cash inflow = $300,000*3.60478
Present value of cash inflow = $1,081,434
So, the amount at which the firm would be indifferent between accepting or rejecting the investment is $1,081,434.
Myers Corporation has the following data related to direct materials costs for November: actual cost for 5,000 pounds of material at $4.50 per pound and standard cost for 4,800 pounds of material at $5.10 per pound. The direct materials price variance is a.$3,000 favorable b.$2,880 unfavorable c.$3,000 unfavorable d.$2,880 favorable
Answer:
a. $3,000 favorable
Explanation:
Calculation to determine the direct materials price variance
Using this formula
Direct materials price variance=Actual costs(Standard costs per pound- Actual costs per pound)
Let plug in the formula
Direct materials price variance=5,000($5.10-$4.50)
Direct materials price variance=5,000($0.6)
Direct materials price variance=
$3,000 favorable
Therefore Direct materials price variance is $3,000 favorable
In addition to cost, what factors should be considered in selecting a building contractor? What can go wrong if the lowest bid is selected and nothing else is considered?
Answer:
The proper answer about what the question asked is explained below.
Explanation:
To begin with, when it comes to the construction area there are a lot of factors to consider at the time of selecting a building constructor. It is not just about the cost, but most importantly of all about the level of quality and recognition the constructor has in its business area. As well as the knowledge that will come all in the same package because the person that is in charge of constructing a building must be a professional in that. So eventhough the cost is important for the business the quality of the service hired is further more important. That is because in the case the lowest bid is selected and it turns out that it is not a very good one then future trouble can come with that decision, like piping problems or gas problems or structures problems, etc. And that will not only led to more future expenses but also to possible damage to some lives.
Peterson Photoshop sold $2,700 in gift cards on a special promotion on October 15, 2021, and sold $4,050 in gift cards on another special promotion on November 15, 2021. Of the cards sold in October, $270 were redeemed in October, $675 in November, in November, and $330 in December. Of the cards sold in November, $165 were redeemed in November and $385 were redeemed in December. Peterson views the probability of redemption of a gift card as remote if the card has not been redeemed within two months.
At 12/31/2016, Peterson would show a deferred revenue account for the gift cards with a balance of: ____________
a. $1,650.
b. $0.
c. $1,100.
d. $1,485.
Answer:
1650 I think ... I think so maybe
For the remaining questions, please consider the following transactions that happened upon the incorporation of Berry Company by its owner, John Berry, during the first week of January:
· It received €50,000 in cash from John Berry as capital.
· It borrowed €30,000 from a local bank.
· It purchased €15,000 of equipment for cash.
· It purchased €20,000 of inventory on account.
· It pre-paid €3,000 for the office rent and €2,000 for the insurance.
What is the total current assets at the end of the week?
Answer: €100,000
Explanation:
Cash received is an assetThe money borrowed is also cash so assets increaseEquipment was exchanged for cash. Both of them are assets so there is NO EFFECT on assets here. Inventory purchased on account will increase assets because assets were acquired with liabilities in this instance. Prepayments are assets but because this was paid with cash, there is NO EFFECT on assets as they cancel each other out.Total assets at the end of the week are:
= Cash + Cash borrowed + Inventory purchased on account
= 50,000 + 30,000 + 20,000
= €100,000
is solicitation with the promise of reward is the highest level of sexual harassment
Answer:
false
Explanation:
In some organizations, trust is facilitated through root authorities outside the organization, and many organizations choose to delegate authority for trust within their own AD environment. Discuss some the challenges of managing trust within an organization, and the alternatives.
Answer:
Administration is responsible for managing different resources required for a company to operate in the market. With this, some important challenges arise when managing trust within an organization, since every organization is managed by people who can be trusted or who may defraud financial resources for example for their own benefit.
The accounting department of an organization is one of those that most need the manager's trust and ethical attitudes, as it deals with important information for the organization and which may be the target of fraud, which is why it is common to hire external auditors who do not have direct involvement with the administration to perform some tasks necessary for accounting.
There are many challenges related to organizational trust, so the essential is that there is transparency in the processes, professional ethics, legality and compliance with requirements.
Northberg Company is preparing a cash budget for August. The company has $16,000 cash at the beginning of August and anticipates $126,000 in cash receipts and $134,500 in cash payments during August. Northberg Company wants to maintain a minimum cash balance of $15,000. To maintain the $15,000 required balance, during August the company must: Group of answer choices Borrow $15,000. Repay $7,500. Repay $8,500. Borrow $7,500. Borrow $8,500.
Answer:
Borrow $7,500
Explanation:
The calculation of the amount that should be required to maintain the required balance is given below:
Preliminary cash balance
= Opening balance + Cash receipts - Cash disbursements
= $16,000 + $126,000 - $134,500
= $7,500
Since we have to maintain $15,000 so we have to borrow the following amount
= $15,000 - $7,500
= $7,500
Research on the increasing rate of teenage pregnancy with research methods
Answer:
Ghana constitute to record high rate of Ap.Recent national report shows that 11percent of adolescent age 15 to 19 had had a live birth of which 3 percent with first child and 14 percent has began childbearing
You're trying to save to buy a new $207,000 Ferrari. You have $57,000 today that can be invested at your bank. The bank pays 6.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car?
Answer:
19.84 years
Explanation:
Number of years = in ( fv / pv) / r
FV = future value
PV = present value
r = interest rate
IN(207000 / 57000) / 0.065
IN (3.631579) / 0.065 = 19.84
training implementation methods
A single commercial bank must meet a 25 percent reserve requirement. If the bank has no excess reserves initially and $5,000 of cash is deposited in the bank, it can increase its loans by a maximum of Group of answer choices $5,000. $1,250. $120,000. $3,750.
Answer:
$3,750
Explanation:
Calculation to determine what it can increase its loans by
Using this formula
Loan increase=Excess reserves-(Reserve requirement percentage* Excess reserves)
Let plug in the formula
Loan increase=$5000-($25%*$5000)
Loan increase=$5,000-$1,250
Loan increase=3,750
Therefore it can increase its loans by a maximum of $3,750
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 26 percent for the next 3 years, with the growth rate falling off to a constant 7 percent thereafter. If the required return is 14 percent and the company just paid a $1.90 dividend. what is the current share price
Answer:
$46.20
Explanation:
Dividend in year 1 = 1.90 x 1.26 = 2.39
Dividend in year 2 = 1.90 x 1.26² = 3.02
Dividend in year 3 = 1.90 x 1.26³ = 3.80
Dividend in year 3 = (3.80 x 1.07) / (0.14 - 0.07) = 58.10
Calculate the present value of these dividends
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow in year 1 = 2.39
Cash flow in year 1 = 3.02
Cash flow in year 1 = 3.80 + 58.10
I = 14
PV = $46.20
To determine PV using a financial calculator take the following steps:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
what is the definition of abuse
Answer:
The improper usage or treatment of a thing, often to unfairly or improperly gain benefit. Abuse can come in many forms, such as physical or verbal maltreatment, injury, assault, violation, unjust practices, crimes, or other types of aggression.
Explanation:
The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $100, holding cost is $24 per unit per year, the daily demand rate is 20 and the daily production rate is 100. What is the production order quantity for this problem
Answer:
Explanation:
Calculation to determine the production order quantity for this problem
Sqrt [ (2*3650*100)/ (24*(1-20/100)) ] = 500
Sqrt [ (2*50000*20)/ (10*(1-20/100)) ] = 500
=√200,000/(10*0.8)
=200,000/8
=250000
The balance in retained earnings at December 31, 2020 was $1,440,000 and at December 31, 2021 was $1,164,000. Net income for 2021 was $1,000,000. A stock dividend was declared and distributed which increased common stock $500,000 and paid-in capital $220,000. A cash dividend was declared and paid.
The stock dividend should be reported on the statement of cash flows (indirect method) as: ____________
a. an outflow from investing activities of $720,000.
b. an outflow from financing activities of $720,000.
c. an outflow from financing activities of $500,000.
d. Stock dividends are not shown on a statement of cash flows.
Answer: d. Stock dividends are not shown on a statement of cash flows.
Explanation:
A stock stock dividend refers to the dividend payment to the shareholders of s company that is not made in cash but rather it's made in shares.
It should be noted that the stock dividend is not reported on the cash flow statement. The reason for this is because it's a non cash item and also doesn't allow cash outflow. Therefore, it won't be reported.
Therefore, the correct option is D.
có 3 bi đỏ và 1 bi đen. tính xác xuất lấy phải bi đỏ
Answer:
3/4
Explanation:
không gian mẫu bằng 3+1
P=3, xác suất = P/omega
Slavery, as a business practice protected by state laws, provided unfair advantage against those employers not using slaves, and thus the economic incentives supported and sustained slavery within its sealed environment.
A. True
B. False
Dickinson Company has $11,880,000 million in assets. Currently half of these assets are financed with long-term debt at 9.4 percent and half with common stock having a par value of $8. Ms. Smith, Vice-President of Finance, wishes to analyze two refinancing plans, one with more debt (D) and one with more equity (E). The company earns a return on assets before interest and taxes of 9.4 percent. The tax rate is 40 percent. Tax loss carryover provisions apply, so negative tax amounts are permissable.
Under Plan D, a $2,970,000 million long-term bond would be sold at an interest rate of 11.4 percent and 371,250 shares of stock would be purchased in the market at $8 per share and retired.
Under Plan E, 371,250 shares of stock would be sold at $8 per share and the $2,970,000 in proceedswould be used to reduce long-term debt.
a. How would each of these plans affect earnings per share? Consider the current plan and the two new plans. (Round your answers to 2 decimal places.)
Current Plan Plan D Plan E
Earnings per share $ $ $
b-1. Compute the earnings per share if return on assets fell to 4.70 percent. (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places.)
Current Plan Plan D Plan E
Earnings per share $ $ $
b-2. Which plan would be most favorable if return on assets fell to 4.70 percent? Consider the current plan and the two new plans.
Current Plan
Plan E
Plan D
b-3. Compute the earnings per share if return on assets increased to 14.4 percent. (Round your answers to 2 decimal places.)
Current Plan Plan D Plan E
Earnings per share $ $ $
b-4. Which plan would be most favorable if return on assets increased to 14.4 percent? Consider the current plan and the two new plans.
Current Plan
Plan E
Plan D
c-1. If the market price for common stock rose to $12 before the restructuring, compute the earnings per share. Continue to assume that $2,970,000 million in debt will be used to retire stock in Plan D and $2,970,000 million of new equity will be sold to retire debt in Plan E. Also assume that return on assets is 9.4 percent. (Round your answers to 2 decimal places.)
Current Plan Plan D Plan E
Earnings per share $ $ $
c-2. If the market price for common stock rose to $12 before the restructuring, which plan would then be most attractive?
Current Plan
Plan D
Plan E
Answer:
Dickinson Company
a) Effect of each plan on earnings per share:
Current Plan Plan D Plan E
Earnings per share $0.45 $0.36 $0.45
b-1) Earnings per share $0 $0 $0.14
b-2. Plan E would be most favorable if return on assets fell to 4.70%.
b-3 Earnings per share $0.93 $0.70 $0.76
b-4 Current Plan would be most favorable if return on assets increased to 14.4%.
c-1 Earnings per share $0.45 $0.36 $0.45
c-2 If the market price for common stock rose to $12 before the restructuring, Plan E would then be most attractive to the company as it would get additional paid-in capital of $1,485,000 ($4 * 371,250).
Explanation:
a) Data and Calculations:
Return on assets before interest and taxes = 9.4%
Tax rate = 40%
Current Plan Plan D Plan E
Assets $11,880,000 $11,880,000 $11,800,000
Long-term debt 5,940,000 5,940,000 2,970,000
New debt 2,970,000
Total debt 8,910,000
Common stock 5,940,000 5,940,000 8,910,000
Less repurchased shares (2,970,000)
New common stock 2,970,000
Interest rate of old debt 9.4% 9.4% 9.4%
Interest rate for new debt 11.4%
Stock par value $8 $8 $8
Return on assets before
interest and taxes $1,116,720 $1,116,720 $1,116,720
Interest expense 558,360 896,940 298,180
Return before taxes $558,360 $219,780 $837,540
Tax rate = 40% 223,344 87,912 335,016
Return after taxes $335,016 $131,868 $502,524
Shares outstanding 742,500 371,250 1,113,750
Earnings per share $0.45 $0.36 $0.45
Return on assets falling to 4.70%
Return on assets before
interest and taxes $558,360 $558,360 $558,360
Interest expense 558,360 896,940 298,180
Return before taxes $0 -$338,580 $260,180
Tax rate = 40% 0 0 104,072
Return after taxes $0 $0 $156,108
Shares outstanding 742,500 371,250 1,113,750
Earnings per share $0 $0 $0.14
Return on assets increasing to 14.4%:
Return on assets before
interest and taxes $1,710,720 $1,710,720 $1,710,720
Interest expense 558,360 896,940 298,180
Return before taxes $1,152,360 $431,380 $1,412,540
Tax rate = 40% 460,944 172,552 565,016
Return after taxes $691,416 $258,828 $847,524
Shares outstanding 742,500 371,250 1,113,750
Earnings per share $0.93 $0.70 $0.76
Market price for common stock rose to $12 before restructuring:
Return on assets before
interest and taxes $1,116,720 $1,116,720 $1,116,720
Interest expense 558,360 896,940 298,180
Return before taxes $558,360 $219,780 $837,540
Tax rate = 40% 223,344 87,912 335,016
Return after taxes $335,016 $131,868 $502,524
Shares outstanding 742,500 371,250 1,113,750
Earnings per share $0.45 $0.36 $0.45
Cheers Corporation purchased for $500,000 5,000 shares of Beer Corporation common stock (less than 5% of the outstanding Beer stock) at the beginning of the current year. It used $400,000 of borrowed money and $100,000 of its own cash to make this purchase. Cheers paid $50,000 of interest on the debt this year. Cheers received a $40,000 cash dividend on the Beer stock on September 1 of the current year. Cheers has $5 million of taxable income before any dividends-received deduction. a. What amount can Cheers deduct for the interest paid on the loan
Answer:
Cheers Corporation
The amount that Cheers can deduct for the interest paid on the loan is:
= $50,000.
Explanation:
a) Data:
Investment in Beer Corporation = $500,000
Number of Beer shares purchased = 5,000
Percentage shareholding in Beer Corporation < 5%
Amount borrowed for the investment = $400,000
Own cash used for the purchase = $100,000
Interest paid on the debt for this year = $50,000 = 12.5%
Cash dividend received for the year = $40,000
Cheers taxable income before dividends = $5 million
The amount of interest deductible = $50,000
b) Since the interest was made for the purpose of the investment in Beers Corporation, the whole amount of interest expense for the year is deductible.
What is the process of managing costs
Hart Corporation owns machinery with a book value of $600,000. It is estimated that the machinery will generate future cash flows of $570,000. The machinery has a fair value of $420,000. Hart should recognize a loss on impairment of
Answer: $180,000
Explanation:
An asset is said to be impaired when the future cashflows that it will bring in are less than the book value and when the fair value of the asset is also less than the book value.
Impairment loss = Book value of asset - Fair value
= 600,000 - 420,000
= $180,000
Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:
Production:
Units in process, July 1, 60% complete 18,000 gallons
Units completed and transferred out 141,000 gallons
Units in process, July 31, 45% complete 16,000 gallons
Costs:
Work in process, July 1 $36,000
Costs added during July 398,460
Required:
Prepare a production report.
Answer:
Aztec Inc.
Mixing Department
Production Report
For the month of July
Equivalent units of production:
Beginning work in process 18,000 7,200 (40%)
Units started and completed 139,000 139,000 (100%)
Ending work in process 16,000 7,200 (45%)
Total equivalent units of production 153,400
Cost per equivalent unit:
Costs added during July $398,460
Equivalent units 153,400
Cost per equivalent unit = $2.60 ($398,460/153,400)
Cost to be accounted for:
Work in process, July 1 $36,000
Costs added during July 398,460
Total costs to be accounted for $434,460
Costs assigned:
Beginning work in process = $18,720 (7,200 * $2.60)
Units started and completed = $361,400 (139,000 * $2.60)
Ending work in process = $18,720 (7,200 * $2.60)
Costs assigned to:
Units completed and transferred out:
Beginning work in process costs:
60% completion = $36,000
40% completion = 18,720
Units started and
completed in July = 361,400
Total costs assigned to
units transferred out = $416,120
Cost of ending work in process = 18,720
Total costs assigned = $434,840
Explanation:
a) Data and Calculations:
FIFO Method
Units Degree of Completion
July 1 work in process 18,000 60%
Units transferred out 141,000
July 31 work in process 16,000 45%
Production units available 157,000
Beginning work in process 18,000 40% to be completed
Units started and completed 139,000 100%
Elevator speech is another term for
Answer:
An elevator pitch, elevator speech, or elevator statement is a short description of an idea, product, or company that explains the concept in a way such that any listener can understand it in a short period of time.
A company purchased $10,300 of merchandise on June 15 with terms of 2/10. n/45, and FOB shipping point. The freight charge, $650, was added to the .amount. On June 20, it returned $1,040 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:_________
a. $9,224.
b. $10,590
c. $10.950.
d. $10.690.
e. $9,725.
b should be that correct answer
Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as direct and indirect materials in production?
a. Debit Work in Process, debit Manufacturing Overhead, and credit Raw Materials.
b. Debit Work in Process and credit Raw Materials.
c. Debit Manufacturing Overhead and credit Raw Materials.
d. Debit Work in Process, debit Manufacturing Overhead, and credit Direct Materials.
Debit Work in Process, debit Manufacturing Overhead, and credit Direct Materials best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as direct and indirect materials in production. Thus option d is the correct option
What is a journal entry?A Journal entry can be defined as an accounting record in which the transaction is being made. Every transaction has two reactions, and all of these are accounted for with the help of a journal entry. About which a person can make a journal and a ledger, a balance sheet, and a profit and loss account.
Debit work in progress or any time of credit material describes the journal entry as the raw material is a part of inventory either taken with the help of debit or credit that is paid in cash, or sometimes it is through check or Bank. Therefore option d is the correct option
Learn more about journal entry, here:
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Classification of cash flows [LO21-3, 21-4, 21-5, 21-6]
Listed below are several transactions that typically produce either an increase or a decrease in cash. Indicate by letter whether the cash effect of each transaction is reported on a statement of cash flows as an operating (O), investing (I), or financing (F) activity.
Transactions
1. Sale of Common Stock.
2. Sale of Land
3. Purchase of Treasury Stock
4. Merchandise Sales
5. Issuance of a long-term note payable
6. Purchase of merchandise
7. Repayment of note payable
8. Employee salaries
9. Sale of equipment at a gain.
10. Issuance of bonds
11. Acquisition of bonds of a another corporation
12. Payment of semiannual interest on bonds payable
13. Payment of a cash dividend
14. Purchase of a building
15. Collection of a nontrade note receivable (principal amount)
16. Loan to another firm.
17. Retirement of common stock.
18. Income taxes.
19. Issuance of short-term note payable
20. Sale of copyright
Answer and Explanation:
The classification is as follows:
1. This is the Financing activitiy
2. This is the investing activity
3. This is the Financing activity
4 This is an operating activity
5 This is the Financing activity
6 This is an operating activity
7 This is the Financing activity
8 This is an operating activity
9 This is an operating activity
10 This is the Financing activitiy
11 This is the investing activity
12 This is an operating activity
13 This is the Financing activitiy
14 This is the investing activity
15 This is the investing activity
16 This is the investing activity
17 This is the Financing activitiy
18 This is an operating activity
19 This is the Financing activitiy
20 This is the investing activity
Roger is hired by an international HR consulting firm as its Outplacement Counselor. Prior to receiving extensive training on the company's copyrighted techniques and programs, Roger is asked to agree in his employment contract that he will not work as a trainer for a rival outplacement company in a specified list of states for a period of one year from the time he quits or his employment will be terminated. This best exemplifies a _____. Group of answer choices
Answer: noncompeted clause
Explanation:
A non-compete agreement simply refers to the legal agreement which specifies that an employee of a particular company must not enter into competition with the employer when the employee doesn't.woek with the company anymore or when the employment period is over.
According to the non-compete agreement, the employee is also prohibited from revealing secrets or proprietary information or secrets to other parties.
Rachelle transfers property with a tax basis of $740 and a fair market value of $935 to a corporation in exchange for stock with a fair market value of $620 and $93 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $222 on the property transferred. What is the corporation's tax basis in the property received in the exchange
Answer:
$927
Explanation:
Calculation to determine the corporation's tax basis in the property received in the exchange
The corporation's TAX BASIS in the property received in the exchange will be TAX BASIS of $740 plus gain recognized of $187 Calculated as ($935-$740) and Assuming the corporation sells the property for the amount of $935, the gain recognized will be $187.
Therefore the corporation's tax basis in the property received in the exchange will be :
Corporation's tax basis=Tax Basis +Gain recognized
Corporation's tax basis=$740+($935-$740)
Corporation's tax basis=$740+$187
Corporation's tax basis=$927
