You want to purchase a home in Hermosa Beach, California, but your monthly income is barely $7,100. Currently, mortgages have an interest rate of 4.25%.
What is purchase definition in accounting?
Definition: Purchases of goods and services include the value of all items and services obtained during the accounting period for resale or consumption in the manufacturing process, with the exception of capital assets, whose consumption is recorded as consumption of fixed capital. Shoes Unlimited will buy 10,000 pairs of sneakers from a foreign source. This requires the issuance of a purchase order, which is a formal commitment by the company to acquire the particular brand and quantity of shoes.
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your monthly rent payment is an example of a variable expense. T/F
True variable costs fluctuate monthly (dining out, medical expenses, groceries, or anything you buy from a store).
What Kinds of Expenses Are There?Rent, utilities, pay, salaries, upkeep, depreciation, health coverage, and the cost of selling products are a few examples of expenses.
What are essential costs?As the name suggests, basic living expenses are those required for daily existence. As the name suggests, basic living expenses are those required for daily existence, with the main categories being residential building, food, clothing, mass transit, healthcare, and pertinent miscellaneous expenses.
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mc qu. 41 mintzberg theorized that managers play which... mintzberg theorized that managers play which three broad types of roles?
The idea that managers play relational, informational, and decisional responsibilities is the foundation of Mintzberg's managerial roles.
Which individuals make effective managers?A manager is a person who "manages" a company by taking charge of a particular department. A department's boss may have control over the workers in the that department. On rare occasions, the manager may be in charge of the entire business. For example, a "restaurant manager" is in charge of the entire business.
What matters most to a manager?One of the most crucial things you are able to do as manager is to set goals with your team. You can assign your team actual weight and ownership when you clearly define success.
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cloud kicks is expanding its operations to europe. the company wants to enable able advanced currency management to support both eur and usd currencies, and show the total values of open opportunities on account records. how should the consultantimplement a solution to meet the requirement?
The best solution a consultant must implement to meet the requirement of Cloud Kicks company would be by using a custom summary formula field on the Opportunity, which means option A is the right answer.
The multinational companies have their franchises in may countries all over the globe. In such big business, the main problem they encounter is of currency management. Advanced Currency Management enables management of dated exchange rates, and helps one to manage and set up the search box where the user can find their suitable currency. Currency management can substantially boost the growth of several companies through selling and buying of goods and services in multiple currency which rule the global trade.
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Refer to complete question below:
Cloud Kicks is expanding its operations to Europe. The company wants to enable able Advanced Currency Management to support both EUR and USD currencies, and show the total values of open opportunities on account records.
How should the consultant implement a solution to meet the requirement?
A . Use a custom summary formula field on the Opportunity.
B . Install a third-party app from the AppExchange.
C . Use a Roll-up Summary field from the Opportunity to the Account.
D . Create a cross-object formula field on the Account.
(a) determine the volume of traffic across the bridge. (b) if a toll of 25 cents is added, what is the volume across the bridge? (c) a tollbooth is to be added, thus reducing the travel time to cross the bridge. the new cost function is c 50 0.2v. determine the volume of traffic that would cross the bridge. (d) determine the toll to yield the highest revenue for demand and supply function in part (a) and the associated demand and revenue.
The bridge has 333,33 vehicles cross it each day. The volume across the bridge is 291,67 if a toll of 25 cents is included.
What is meant by volume?Volume is the sum of an asset's or security's transactions over time, frequently in a single day. For example, the number of shares of a securities traded between its daily open and close would be referred to as the stock trading volume. Every three-dimensional item takes up space in some way. The volume of this area is what is used to describe it.Therefore,
If C=50+0.5V and V=2500–10C, and you want to know the variable V, then you can compute V as a function of C. If you have already cleared the variable "C," then you can substitute for (a):
V = 2500 - 10C
V = 2500 - 10(50 + 0.5V)
V = 2500 - 500 - 5V
V + 5V = 2500 - 500
6V = 2000
V = 2000/6
V = 333,33
For example, if they advise you to increase the constant in the equation C = 50 + 0.5V by 25 so that your equivalence for this point of C is
C = 75 + 0.5V, you would follow the same steps:
V = 2500 - 10C
V = 2500 - 10(75 + 0.5V)
V = 2500 - 750 - 5V
V + 5V = 2500 - 750
6V = 1750
V = 1750/6
V = 291,67
There is only one solution provided by this system of two equations and two variables, which produces a compatible define system.
The complete question is:
A bridge has been constructed between the mainland and an island. The total cost (excluding toll) to travel across the bridge is expressed as C=50+0.5V, where V is the number of vet/day and C is the cost/vehicle in cents. The demand for travel across the bridge is V=2500-10C.
(a) Determine the volume of traffic across the bridge.
(b) If a toll of 25 cents is added, what is the volume across the bridge?
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at a promotion interview, it is important to . a. anticipate questions and answer early b. wear uncomfortably formal clothes c. be honest about your qualifications d. discuss your personal life please select the best answer from the choices provided a b c d
The correct option is a, anticipate questions and answer early. It is important to anticipate the questions during the permit interview and answer them in time.
This means you should do your research on the company, the job you're applying for, and the skills, experience and qualifications you'll need to succeed in the role. In addition, you should prepare answers to common questions that are asked in promotion interviews. Being prepared with thoughtful answers will show the interviewer that you are confident in your abilities and are serious about the promotion. Taking the time to anticipate questions and answering them in a timely manner will also demonstrate your commitment to the role and your understanding of the position.
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CEO John Barron said that time management is a really important factor in an interview because showing up on time tells the employer:
CEO John Barron said that time management is a really important factor in an interview because showing up on time tells the employer:
that the employee will bring coffee and donuts every Friday.
that the employee cares about their social media account.
that the employee took the bus to get to work.
what the employee will be like if they actually join the company.
CEO John Barron said that time management is a really important factor in an interview because showing up on time tells the employer what the employee will be like if they actually join the company.
What type of leadership style is used when a leader solicits suggestions and input from employees during the decision-making process?
A leadership style that is democratic or participative. The democratic style (also known as the "participative style") is a hybrid of autocratic and laissez-faire leadership. A democratic leader solicits and considers feedback from their team before making a decision.
This approach is known as the contingency theory of leadership because the best style depends on the situation. One of the first contingency theories of leadership was developed by Fred Fiedler.
Therefore, CEO John Barron says that time management is a really important factor in an interview.
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when a company seeks to match the benefits of a successful position and maintain their current position in the marketplace it is attempting a(n) approach.
By merging new goods, services, and technology into its current portfolio, a company attempts to replicate the benefits of a lucrative position while maintaining its current position.
A corporation is a type of business entity that is legally separate from its owners. The corporate structure is more complex, with higher setup and administrative costs, as a result of the increased reporting requirements and higher-level legal responsibilities. A company is referred to be a firm since its staff members want to add value. The word "produce," which meaning to lead forth or bring forth, has a Latin origin. The term "company" initially emerged in Old French, which is a synonym for "compaignie" or "companionship." The term "business" also has Old English origins, which combine busy and -ness. A corporation is a legal individual or a legally recognised business organisation that has registered itself under the Companies Act.
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tanisha, an experienced logistics manager, was recently assigned to oversee a division that is struggling to meet its goals. in her first week, she reviewed the organizational chart, productivity reports, and operational costs. what might tanisha do with this information?
She evaluated the organizational structure, productivity data, and operational costs during her first week. She may change the division's structure and the way things are done.
the method of allocating, managing, and directing resources within a system with the ultimate goal of fulfilling its goals. For organisational management to be successful and advantageous, it must be able to make choices and deal with problems. Functional, multi-divisional, flat, and matrix structures are the four different forms of organisational structures. The best possible use of both financial and human resources is made possible through organisation. It not only helps in the right assignment of tasks to qualified workers, but it also ensures that no resources or time are wasted owing to duplication of effort.
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the company has a price-earnings ratio of 15 times and earnings per share were $3. what is the market value of each share of stock?
The market value of each share of stock is $45. This is calculated by multiplying the earnings per share ($3) by the price-earnings ratio (15). This means that each share of the company's stock is worth $45.
The market value of each share of stock is equal to the company's price-earnings ratio (P/E) multiplied by the company's earnings per share (EPS). In the case of a company with a P/E of 15 times and EPS of $3, the market value of each share of stock is $45 ($3 multiplied by 15).
The price-earnings ratio (P/E) is one of the most commonly used tools for valuing a company's stock. It is calculated by dividing the current market price of a company's stock by its earnings per share (EPS). This means that the higher the P/E ratio is, the more expensive the stock is in comparison to its earnings, and vice versa. It is important to note that P/E ratios vary from industry to industry, so it is important to compare the P/E ratios of similar companies in order to get a more accurate valuation.
When evaluating a company's stock, investors should consider the company's P/E ratio in order to get a better understanding of the stock's value. A high P/E ratio can indicate that the stock is overvalued and a low P/E ratio can indicate that the stock is undervalued.
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A manufacturer of programmable calculators is attempting to determine a reasonable free-service period for a model it will introduce shortly. The manager of product testing has indicated that the calculators have an expected life of 34 months. Assume product life can be described by an exponential distribution.
Required:
a. If service contracts are offered for the expected life of the calculator, what percentage of those sold would be expected to fail during the service period?
b. What service period would result in a failure rate of approximately 10 percent?
The Probability of failure is 63.21% will be expected to fail during the service period . 34 months service period would result in a failure rate of approximately 10 percent.
What is an example of service?A service is an "(intangible) act or use for which a consumer, firm, or government is willing to pay." Examples include work done by barbers, doctors, lawyers, mechanics, banks, insurance companies, and so on. Public services are those that society (nation state, fiscal union or region) as a whole pays for.
a) The MTBF (mean time between incidents) is 34 months.
Since the service contract covers the expected life, the Mean Time Between Failure(T) is 34 months.
The Probability of failure=63.21% will be expected to fail during the service period
b) Now the failure rate is given by 30.92% =0.3092
The mean time between failure will be the service rate.
MTBF= 34 months
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an organization intends to capture market share in its industry because it has access to a scarce key ingredient in its patented formula of antiviral products. what is the approach the organization should take to capture market share?
If a company wants to gain market share in its sector and has access to a critical ingredient that is in short supply, it should adopt a distinctive marketing strategy.
This strategy emphasizes the special qualities and advantages of the company's products to set them apart from those of rivals.
In this situation, the business should concentrate on the main ingredient's rarity and the advantages it provides to the antiviral goods, such as the ability to be more effective or efficient than competing products.
In order to convey this unique selling point to the target demographic and the general public, the company should also think about spending money on marketing and advertising initiatives.
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a purpose of advertising is to make the: group of answer choices demand for one's product more inelastic. demand for one's product less inelastic. market closer to perfectly competitive. demand for one's product more elastic.
A purpose of advertising is to make the demand for one's product more elastic. Advertising of product or also services will make a demand more higher than normal.
In economic and business, Advertising generally can be defined as an industry used to call the attention of the public to something, typically a product or service. In the advertising activities, each of activities has a purpose to make product, brand or service is promoted to a viewership in order to attract interest, engagement, and sales. There are several types of advertising, such as Display Advertising, Video Advertising, Mobile Advertising, and also Native Advertising.
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the cost of goods sold or cost of services sold is the combination of variable costs necessary to make a product or provide a service.
The cost of goods sold (COGS) or cost of services sold is the total amount of direct costs associated with producing and delivering a product or service.
What is associated ?
The term "associated" can refer to a variety of things, including being connected or linked to something, being affiliated with something, or having a relationship with something.
This includes the cost of materials, labor, and other expenses directly related to the production of the product or service. It does not include any indirect costs, such as overhead, marketing, or administrative expenses. COGS is used to calculate gross profit, which is the difference between sales revenue and COGS.
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most sales forecasts are based on past sales performances as well as_______
The majority of sales projections are based on anticipated market conditions as well as historical sales performance.
What often forms the basis of sales forecasts?The health of the sales pipeline, market trends, and prior performance are frequently taken into account in sales estimates. Businesses project biweekly, bimonthly, quarterly, then yearly income totals using the sales forecast.
What is the process of historical forecasting?Sales data from a specific time period is converted to quantifiable earnings trends in historical forecasting. This requires assessing your development over the course of several months, quarter, or years and making the assumption that the percentages should remain unchanged as your profitability rise in the future.
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a shareholder of a car manufacturing company wants to sue the company in federal court for breach of fiduciary duty. what information about the company, besides its place of incorporation, does the shareholder's attorney need in order to determine whether the parties are diverse?
Beside its place of incorporation, he can provide, Where the company's headquarters are located to attorney in order to determine whether the parties are diverse.
What is fiduciary duty?The step is to prove that the other party's actions were against your interests, therefore constituting a breach of fiduciary duty. Additionally, you need to provide evidence of your losses. Damages are not recoverable if the breach had no real impact on you. Finally, you must demonstrate that the fiduciary duty violation directly resulted in the losses you experienced. You will not be entitled to compensation if the harm you experienced had nothing to do with the breach and was not a reasonably foreseeable consequence of it. Regardless of the makeup of the board of directors, each member has a fiduciary responsibility to act in the best interests of the company's shareholders. Management members of an LLC have a similar obligation to act. Members of a comapny are subject to many of the same kinds of violations that take place in the context of partnerships. Other instances include:
denying shareholders access to records, refusing to pay dividends, voting for excessive compensation for themselves, and taking illegal steps to remove minority owners are all examples of blocking shareholders from exercising their right to vote. The shareholders may file a lawsuit to safeguard their interests if they believe that the company or any individual board member has violated their fiduciary duty to the shareholders.
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Is the Wix website builder suitable for small businesses?
Yes, the WIX website builder is suitable for small businesses, it makes the website in the small amount of money and make create attractive website.
The small businesses is the type of the organization or organization system in which the team size of the small business is less than 100 employee, corporation and partnership type small business.
The small business has less revenue as compared to the large business or the corporation which runs from the many years.
The WIX is popular and useful in the space of small business starter, owners and entrepreneurs etc. If you want website more unique and professional in the affordable budget then WIX is best suited to those buyers.
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Attempts: Average: 74 2. Management functions Jim is CEO for a company that produces filing cabinets and office furniture. He uses planning production by 20% next year, the company will need to hire 10 new employees. when determining that in order to increase As production manager, part of Jennifer's job is to determine what raw materials will be needed to meet production needs. Sales forecasts may help Jennifer with this planning function of management. Julia uses planning to determine how many focus groups will need to be conducted in order to accomplish the company's research goals. Choose the management function being performed in each of the examples. Example of managerial work Planning Organizing Leading Controlling Dow Chemical CEO, Andrew Liveris, checks financial reports to see whether Dow has met its financial goals for the quarter Ernesto Leon, a Domino's Pizza manager, creates a schedule to determine which employees will be working on New Year's Eve. 0 OO 0 Pfizer's CEO, Ian Read, works with the board of directors to predict the amount of dividends the company will pay in the future. 0 Blake Mycoskie, founder of Toms, encourages social entrepreneurship through the company's slogan "One for One. Grade It Now Save & Continue Continue without saving empts: Average: 14 ..Management functions planning when determining that in order to increase im is CEO for a company that produces hiling cabinets and office furniture. He uses production by 20% next year, the company will need to hire 10 new employees As production manager, part of Jennifer's job is to determine what raw materials will be needed to meet production needs. Sales forecasts may help Jennifer with this planning function of management. Julia uses planning to determine how many focus groups will need to be conducted in order to accomplish the company's research goals. Choose the management function being performed in each of the examples. Example of managerial work Planning Organizing Leading Controlling Dow Chemical CEO, Andrew Liveris, checks financial reports to see whether Dow has met its financial goals for the quarter. Ernesto Leon, a Domino's Pizza manager, creates a schedule to determine which employees will be working on New Year's Eve Pfizer's CEO, lan Read, works with the board of directors to predict the amount of dividends the company will pay in the future. Blake Mycose, founder of Toms, encourages social entrepreneurship through the company's sogan "One for One." Grade it Now Save Continue Cow hout saving
Answer:
planning
Explanation:
as part of the ongoing expenses of being a sales associate, the first thing to do is set aside money for:
The first step is to budget for federal and state income taxes as part of the ongoing expenses of working as a sales associate. Thus, option A is correct.
Brief About Sales?"Time is of the essence" is a legal expression that describes the time frame within which one party must fulfil its contractual obligations to the other party. When a disagreement arises, the parties have four basic options: direct negotiation, mediation with an objective third party, arbitration with one to three arbitrators, or litigation in state or federal court with a judge or jury.
A broker preview is similar to an office preview, with the exception that all local multiple listing service participants can access it. Typically, this occurs during the first week.
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Complete question:
As part of the ongoing expenses of being a sales associate, the first thing to do is set aside money for:
a. federal and state income taxes.
b. a new vehicle.
c. the fastest computer available.
d. the latest computer software.
gene uses hr data such as employee demographic information, performance ratings, and employee surveys to try to predict which employees are most likely to quit. gene is making use of
Gene uses hr data such as employee demographic information, performance ratings, and employee surveys to try to predict which employees are most likely to quit. gene is making use of predictive analytics.
Gene is making use of predictive analytics. Predictive analytics is the use of data analytics to determine patterns and trends in data and then using those patterns and trends to make predictions about future outcomes. In this case, Gene is using the available hr data to determine patterns and trends in employee behavior, such as which employees are most likely to quit, and then make predictions based on those patterns and trends.
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manufacturing overhead was estimated to be $297,000 for the year along with an estimated 27,000 direct labor hours. actual manufacturing overhead was $506,250 and actual direct labor hours were 28,800. the amount of manufacturing overhead applied to production would be:
The manufacturing overhead applied to production is $317,680.
The amount of manufacturing overhead applied to production is determined by using a predetermined overhead rate. To calculate the predetermined overhead rate, we need to divide the estimated manufacturing overhead by the estimated direct labor hours. In this case, the predetermined overhead rate is $297,000 (estimated manufacturing overhead) divided by 27,000 (estimated direct labor hours) = $11.
Once we have the predetermined overhead rate, we can use it to apply the actual manufacturing overhead to production. To do this, we multiply the actual direct labor hours by the predetermined overhead rate. In this case, the manufacturing overhead applied to production is $11 (predetermined overhead rate) multiplied by 28,800 (actual direct labor hours) = $317,680.
The difference between the applied overhead and the actual overhead is called the overhead variance, this will be helpful in finding out the reasons for the variances and take corrective actions if needed.
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There is no need for a government in a market economy. True or False?
False, There is no need for the government to have a big economic role.
What does "economic" mean in its simplest form?Economics is the investigation of shortages and its effects on the use of assets, the production of products and services, the growth of productivity and welfare through time, and a wide range of other complicated issues of essential significance to society.
Why do we study economics?Economics education aids in a person's comprehension of their environment. It enables individuals to comprehend others, organizations, markets, and governments, enabling them to better adapt to risks and opportunities that arise as circumstances change.
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abc company has sales revenue of $175,000, sales discounts of $10,000, cost of goods sold of $50,000, and operating expenses of $75,000. what is their gross profit?
For every $1 in sales, you need 33 cents to pay your essential running expenses and profit, therefore figure out the gross margin of profit required to run the business.
What do you think of as sales?A sale is a contract that calls for, among other things, exchanging goods or services for money. To put it another way, a sale refers to any action that gives possession of a good of commodity to a buyer n exchange for money.
Which sales are the four?The four main sales techniques employed by salespeople are script-based selling, conversational selling, needs-satisfaction presenting, and selling with such a strategic partner.
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george runs a coffee shop, which is situated in a business district. the highest-selling item on the menu is the to-go coffee around the time when the offices around the shop have lunch. customers are always in a hurry to take their coffee and leave. what should george do to better their service experience regarding this highest-selling item?
George should offer pre-made coffee orders and an express line for customers to quickly grab their coffee and go in order for them to do better their service experience regarding this highest-selling item.
1. Focus on Efficiency: George should focus on making the to-go coffee service as efficient as possible. He should look into streamlining the process as much as possible to ensure that customers can get their coffee quickly and easily.
2. Invest in Quality Equipment: George should also invest in quality equipment that can help speed up the process. This could include high-end espresso machines, or other types of commercial coffee makers.
3. Train Baristas: He should also make sure that his baristas are trained and knowledgeable about how to make the perfect cup of coffee. This will help ensure that customers get a quality product quickly.
4. Offer Pre-Ordering Options: To further improve the customer experience, George should look into offering pre-ordering options, such as allowing customers to order their coffee online or by phone, and then picking it up in-store. This will help cut down on wait times and provide a more efficient service.
5. Offer Special Promotions: Finally, George should consider offering special promotions to customers who purchase their to-go coffee at certain times. This could include discounts or free items with purchase. This will help encourage customers to come back to his shop and may even help increase his sales.
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what is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks?
Balanced scorecard is a management system, as well as a measurement system, that a firm uses to translate business strategies into executable tasks.
The balanced scorecard (BSC) is a strategic performance measure used to identify and enhance different internal company operations and the external outcomes that result from them. Balanced scorecards are widely used to measure as well as provide feedback to organizations in the Country, the United Kingdom, Japan, and Europe. Executives and managers gather and interpret data, which is critical to providing quantitative results. This information can be used by company personnel to make better choices for the future of their organizations. A balanced scorecard is a metric used it to identify, enhance, and control the various functions and outcomes of a business.
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a country can produce either 226 units of good y or 118 units of good x. if they want to produce 33 units of good x, how many units of good y are they able to produce? enter a number rounded to two decimal places. g
The country will be able to produce 63.84 units of good y .
If a country intends to generate 33 units of good x, we can use the good x to good y ratio to calculate how many units of good y they can produce. According to the data presented, the excellent x to good y ratio is 118:226.
This ratio may be used to calculate the number of units of good y that will be created for every 33 units of good x.First, we'll divide the number of units of excellent x by the good x/good y ratio: 33 excellent units x / (118:226) = 33/118 = 0.2809
Next, we will multiply this number by the number of units of good y in the ratio to find the number of units of good y that will be produced: 0.2809 x 226 = 63.8374.
So the country will be able to produce 63.84 units of good y if they want to produce 33 units of good x.
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brenda plans to reduce her spending by 50 a month. what would be the future value of this reduced spending over the next 13 years
$8175.7 would be the future value of this reduced spending over the next 13 years.
Annual savings = Monthly spending reduction× Number of months per year = $50 × 13 = $650.
FV = PMT × FV annuity table factor
= $650 × 12.578 = $8175.7.
An annuity table offers a time-based factor and a discount rate (interest rate) that can be multiplied by to calculate the present value of an annuity payout. To determine how valuable a series of Annual will be at some point in the future, the future value annuity factor is calculated. The future value of an annuity can be calculated using the following formula: FV = C X [(1+r)n - 1 / r] X (1+r). The number of payments and discount rate are commonly plotted on the y-axis and x-axis, respectively, in an annuity table. Find both of them on the table for your annuity, and then locate the cell where they cross.
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jeremy (unmarried) earned $100,000 in salary and $6,000 in interest income during the year. jeremy's employer withheld $10,000 of federal income taxes from jeremy's paychecks during the year. jeremy has one qualifying dependent child (age 14) who lives with him. jeremy qualifies to file as head of household and has $23,000 in itemized deductions, including $2,000 of charitable contributions to his church. (use the tax rate schedules.) required: determine jeremy's tax refund or taxes due. assume that in addition to the original facts, jeremy has a long-term capital gain of $4,000. what is jeremy's tax refund or tax due including the tax on the capital gain? assume the original facts except that jeremy has only $7,000 in itemized deductions. assume the charitable contribution deduction for nonitemizers applies to 2022. what is jeremy's tax refund or tax due?
Jeremy's tax refund or taxes due including the tax on the capital gain with $23,000 in itemized deductions is $8,636.Jeremy's tax refund or tax due with $7,000 in itemized deductions, plus a $2,000 charitable contribution deduction for nonitemizers is $11,336.
What is Jeremy's tax refund or tax due including the tax on the capital gain?
1. Jeremy's taxable income is $91,000 ($100,000 salary + $6,000 interest income - $23,000 itemized deductions).
2. Jeremy's federal tax liability is calculated using the head of household rate schedule. For taxable income of $91,000, the federal tax liability is $20,936 ($9,636 + ($91,000 - $75,900) x 24%).
3. Jeremy's federal tax liability is reduced by the $10,000 of federal income taxes withheld from his paychecks, leaving a net tax liability of $10,936 ($20,936 - $10,000).
4. Jeremy's tax liability is further reduced by the long-term capital gain of $4,000, which is taxed at a rate of 0%. This reduces his net tax liability to $6,936 ($10,936 - $4,000).
5. Jeremy's tax refund or taxes due is calculated by subtracting his net tax liability of $6,936 from the $10,000 of federal income taxes withheld from his paychecks. This leaves a tax refund of $3,064 ($10,000 - $6,936).
What is Jeremy's tax refund or tax due?
1. Jeremy's taxable income is $85,000 ($100,000 salary + $6,000 interest income - $7,000 itemized deductions - $2,000 charitable contribution deduction for nonitemizers).
2. Jeremy's federal tax liability is calculated using the head of household rate schedule. For taxable income of $85,000, the federal tax liability is $19,336 ($7,336 + ($85,000 - $72,750) x 24%).
3. Jeremy's federal tax liability is reduced by the $10,000 of federal income taxes withheld from his paychecks, leaving a net tax liability of $9,336 ($19,336 - $10,000).
4. Jeremy's tax liability is further reduced by the long-term capital gain of $4,000, which is taxed at a rate of 0%. This reduces his net tax liability to $5,336 ($9,336 - $4,000).
5. Jeremy's tax refund or taxes due is calculated by subtracting his net tax liability of $5,336 from the $10,000 of federal income taxes withheld from his paychecks. This leaves a tax refund of $4,664 ($10,000 - $5,336).
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when a common stock subscription has been fully paid, what account is credited to show record of the stock being issued?
A: stock subscription- common
B: Capital stock- common
C: subscription receivable
D: Cash
When a common stock subscription has been fully paid, the account that is credited to show record of the stock being issued is option B: Capital stock- common
What is the Capital stock?When a company issues common stock through a common stock subscription, it is recorded in the company's books as the issuance of new shares. When the subscription has been fully paid, the cash received from the investor is recorded as a debit in the Cash account and the new shares are recorded as a credit in the Capital Stock - Common account.
Therefore, This shows that the company has issued new shares of common stock in exchange for cash received from the investor. The Stock Subscription - Common account would be used to track the amounts received for the subscriptions before the shares have been issued.
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firm a had the following selected items on its balance sheet: cash$28,000,000 common stock ($40 par; 1,800,000 shares outstanding)72,000,000 additional paid-in capital12,600,000 retained earnings55,000,000 how would each of these accounts appear after: a cash dividend of $2 per share? round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. cash$ common stock ($ par; shares outstanding)$ additional paid-in capital$ retained earnings$ a 6 percent stock dividend (fair market value is $80 per share)? use the original balance sheet from the problem statement. round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. cash$ common stock ($ par; shares outstanding)$ additional paid-in capital$ retained earnings$ a one-for-two reverse split? use the original balance sheet from the problem statement. round the number of shares outstanding to the nearest whole number and the other answers to the nearest dollar. cash$ common stock ($ par; shares outstanding)$ additional paid-in capital$ retained earnings$
A one-for-two reverse split:
Cash: $28,000,000
Common Stock: $72,000,000
Additional Paid-in Capital: $12,600,000
Retained Earnings: $55,000,000
How would each of these accounts look following a $2 per share cash dividend?A cash dividend of $2 per share:Cash: $28,000,000 - ($2 x 1,800,000 shares) = $22,000,000Common Stock: $72,000,000Additional Paid-in Capital: $12,600,000Retained Earnings: $55,000,000 - ($2 x 1,800,000 shares) = $49,000,000A 6 percent stock dividend (fair market value is $80 per share):Cash: $28,000,000Common Stock: $72,000,000 + ($72,000,000 x 6%) = $76,320,000Additional Paid-in Capital: $12,600,000Retained Earnings: $55,000,000Note: The number of shares outstanding increases by 6% to 1,896,000 shares (1,800,000 x 1.06)A one-for-two reverse split:Cash: $28,000,000Common Stock: $72,000,000Additional Paid-in Capital: $12,600,000Retained Earnings: $55,000,000Note: The number of shares outstanding decreases by 50% to 900,000 shares (1,800,000/2)To earn more about stocks refer:
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Is the following scenario a partnership? Agreeing to allow someone else to sell 100 units of your invention on eBay and to split the
profits by 60 percent and 40 percent.
O Yes
Ο Nο
Agreeing to allow someone else to sell 100 units of your invention on eBay and to split the profits by 60 percent and 40 percent. Yes , this scenario a partnership
What kinds of partnerships are there?A partnership is a contract between two or more people that specifies how they will divide a company's assets and liabilities and manage its operations. In a partnership firm corporation, each partner is equally accountable for the company's assets and liabilities. Physicians and lawyers alike frequently form limited liability partnerships.
What are working together and leading by example?By definition, a partnership firm is one in which two or more people pool their resources to form a company and decide to divide the risks, rewards, and losses. Law firms, medical groups, investments in real estate firms, and accounting firms are a few examples of common partnerships.
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