Answer:
The 1040 form is used to collect the federal tax.
Answer:
federal taxes
Explanation:
Joe Palucci earns $2,500 per PLEASE HELP!!!
Joe earns $2,500 per month. Out of those wages, $266 in federal income taxes,
$191.25 in FICA taxes, $120 in state income taxes, and $125 in health insurance
premiums were deducted. What percent is his take home pay of his gross pay? (Round
to nearest whole percent) (2 points) (include % sign)
Answer:
72%
Explanation:
you need to subtract 2,500-191.25-120-125-266
then take the answer and divide by 2,500
1797.75/2500
=72%
The G20 represents the financial interest of nations that account for about _____________ of world trade.​
Answer:
about 80% of world trade
Explanation:
The G20 consists of 19 individual countries and the European Union. If trade within the EU is included, the members account for about 80% of world trade. If trade within the EU is excluded, the members account for about 75% of world trade.
Answer:
About 80% of world tradeExplanation:
#CARRYONLEARNINGbroiler are reared for eggs.
true of false
Answer:
Broiler chickens are larger than and grow faster than chicken for table egg production. False
Explanation:
Answer:
No eso es falso.
Explanation:
Porque son animales que se crían con comida de día y noche por lo cual las personas no lo vas a creer si no para verder la carne
Eso sí , te puedo decir que también depende de la persona que lo cuida porque puede tenerlo para cría o para o para vender la carne
Pero mayormente se goza otro tipo de raza para las crías.
Solo se deja unas cuantas para no perder la raza.
Gracias
#cuidemonosdesdecasa.
what is Animosity ?????????
Answer:
extreme hostility
Explanation:
im not ... not smart.
now come in the dining room so i can smack you rq.
:)
Hsu Company reported the following on its income statement:
Income before income taxes $300,441
Income tax expense 90,132
Net income $210,309
An analysis of the income statement revealed that interest expense was $73,659. Determine Hsu Company's times interest earned ratio.
a. 2.86 times
b. 4.08 times
c. 1.86 times
d. 5.08 times
Answer:
d. 5.08 times
Explanation:
The computation of the times interest earned ratio is as follows
Times interest earned ratio is
= (Interest expense + Income before income taxes) ÷ (Interest expense)
= ($73,659 + 300,441) ÷ ($73,659)
= 5.08 times
hence, the correct option is d.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Match each type of Information system with its description.
Explanation:
knowledge-based interactive system: ⇒ decision support systemsoperational level system: ⇒ transaction processing systemstrategic-level information: ⇒ executive information system.Internal information flow-based system: ⇒ management information systemTypically, knowledge-based interactive systems are used to support the decision-making processes of an organization, by providing the wealth of knowledge found in human resources.
Operational-level systems: among the many functions of operation level systems is that they help in tracking the transactions occurring within and outside the organization, such as the purchases made, etc.
A scope limitation sufficient to preclude an unqualified opinion always will result when management:__________
A) Prevents the auditor from reviewing the working papers of the predecessor auditor.
B) Engages the auditor after the year-end physical inventory is completed.
C) Requests that certain material accounts receivable not be confirmed.
D) Refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with GAAP.
Answer:
The answer is D.
Explanation:
A scope limitation in audit means circumstances hindering an auditor from carrying out his duties according to the audit procedure. A scope limitation can make an auditor issue a qualified opinion or a disclaimer of opinion depending on the materiality of the issue.
Back to the question, a scope limitation sufficient to preclude an unqualified opinion always will result when management refuses to provide a representation letter acknowledging its responsibility for the fair presentation of the financial statements in conformity with General Accepted Accounting Principle (GAAP)
The average number of times each dollar in the money supply is used to purchase goods and services is called:______.
a. the fractional reserve system.
b. the velocity of money.
c. the discount rate.
d. the quantity theory of money.
Answer:
o think the answer is the discount rate
The average number of times each dollar in the money supply is used to purchase goods and services is called the velocity of money.
What are the goods?The term Goods are products and resources that satisfy people's needs and wants. A good can be a natural science object, a provided service, or some accumulation of the two. Just about anything is good if it supplies some kind of benefit to consumers.
The velocity of money refers to The frequency with which an average dollar is spent on goods and services in a certain period of time is known as the velocity of money.
As a result, When the money supply and its velocity as a product grow more quickly than real GDP, prices rise.
Therefore, The right option (B) is correct.
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Average cost pricing
1. will result in disappointing profits when the firm sells more than it expected to sell.
2. will never lead to a higher than expected profit.
3. takes the demand curve into account when calculating a price.
4. is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices.
5. All of the above are true.
Answer:
4. is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices.
Explanation:
Average cost pricing is most likely to result in the expected level of profit when demand is inelastic within the range of possible prices. The average cost pricing rule is a pricing strategy that regulators impose on certain businesses to limit the price they are able to charge consumers for its products/services equal to the costs necessary to create the product/service. This implies that businesses will set the unit price of a product relatively close to the average cost needed to produce it.
Today public relations have emerged as a
communication network
O global
O national
O multinational
O national
?
Investors tend to focus on the bottom line when conducting financial analyses. Thus far, you have calculated earning; per share (EPS) as the net income available to common shareholders divided by the number of common shares outstanding. However, when firms use a lot of hybrid securities, their earnings can be distorted. As a result, a few different methods exist for reporting EPS. Primary EPS is the EPS found after adjusting for the number of shares that are likely to be issued from convertibles and warrants.
Read the following statement, which describes one of these reporting methods:
Earnings per share are found based on the assumption that all convertibles and warrants are exercised rather than trying to estimate how many of them are likely to be exercised. Identify which of the reporting methods this statement describes:
A. Diluted EPS.
B. Basic EPS.
C. Primary EPS.
Answer:
The reporting method described by the statement is:
A. Diluted EPS.
Explanation:
Diluted EPS gauges the quality of a company's earnings per share (EPS) as if all convertible securities were exercised. Convertible securities include the company's outstanding convertible preferred shares, convertible debentures, stock options, and warrants. The diluted EPS is different from the basic EPS (otherwise called the Primary EPS). The basic EPS measures the company's earnings per common share without considering any outstanding convertible securities.
How would the issuance of a mortgage note in exchange for a building be reported on the statement of cash flows?
A. Noncash finenctng and Investing actvity
B. Investing actvity
C. Operating activity
D. Financng activity
Answer:
A. Noncash financing and Investing activity
Explanation:
The Cash Flow Statement records all Cash related transactions and used to determine the movement in the Balance of Cash and Cash Equivalent. When mortgage note is issued in exchange of a building, this is simply an Exchange of Assets without the movement of cash. Non - Cash activities are not shown in the Cash Flow Statement.
Only consumers benefit from government enforcement of contracts
Answer:
not true many people benfit most of all us!
Explanation:
Gomez Corp. uses the allowance method to account for uncollectibles. On January 31, it wrote off an $1,600 account of a customer, C. Green. On March 9, it receives a $1,100 payment from Green.
1. Prepare the journal entry or entries for January 31
2. Prepare the journal entry or entries for March 9; assume no additional money is expected from Green.
Answer: Please see explanation for answers
Explanation:
1. Journal entry to record bad debt on January 31st
Date Account Titles and Explanation Debit Credit
Jan. 31st Allowance for doubtful account $1,600
Account receivables ( Customer C. Green) $1.600
2. Journal entry to record recovery of bad debt on March 9
A) To reinstate Amount previously written off
Date Account Titles and Explanation Debit Credit
March 9 Account receivables ( Customer C. Green) $1,100
Allowance for doubtful account $1,100
B) To record payment of account
Date Account Titles and Explanation Debit Credit
March 9 Cash $1,100
Account receivables( Customer C. Green) $1,100
A company purchased equipment valued at $310,000. It traded in old equipment for a $121,000 trade-in allowance and the company paid $189,000 cash with the trade-in. The old equipment cost $300,000 and had accumulated depreciation of $180,000. This transaction has commercial substance. What is the recorded value of the new equipment?
a. $120,000.b. $121,000.c. $189,000.d. $309,000.e. $310,000.
Answer:
e. $310,000
Explanation:
If the exchange transaction has commercial substance the new equipment acquired is measured at the fair value of the asset given up plus fair value of any other assets transferred.
Value of the new equipment = Trade in Allowance + Cash paid
= $121,000 + $189,000
= $310,000
Thornton, inc., had taxable income of $127,682 for the year. The company's marginal tax rate was 34% and its average tax rate was 23.7%. Tow much did the company have to pay in taxes for the year?
a. $28,883.
b. $29,227.
c. $27,525.
d. $30,471.
Answer:
Are you sure you copied the options correctly?
When you do the math, $127,682 x 0.237 = $30,261
the closest option is d. $30,471.
average tax rate = $30,471 / $127,682 = 23.86%,
Explanation:
the company's total tax liability = total taxable income x average tax rate
total amount of taxes paid = $127,682 x 23.7% = $30,260.63 ≈ $30,261
The formula used to calculate average tax rate = total taxes paid / total taxable revenue. To determine total taxes paid you just need to adjust this formula.
Arredondo, Inc. has current assets of $2,170, net fixed assets of $9,300, current liabilities of $1,350, and long-term debt of $3,980.
Required:
What is the value of the shareholders'equity account for this firm? How much is net working capital?
Answer:Shareholders' equity= $6,140
Net working capital= $820
Explanation:
Shareholders' equity = Total Assets - Total Liabilities
But,
Total Assets = Current assets + net fixed assets
$2,170 + $9,300 =$11,470
Total liabilities =Current Liabilities + Long term debt
$1,350 +$3,980
=$5,330
Shareholders' equity =$11,470-$5,330 = $6,140
B) Net working capital is calculated as Current Asset - Current Liabilities
$2,170-$1,350
=$820
Which management function is also a financial responsibility
A.planning
B.organizing
C.staffing
D.coordinating
E.controlling
Answer:
The CORRECT answer is...... Staffing
Explanation:
Look at the picture
The following information regarding Brookes, Inc. is available:
SALES: $1,440,000
COGS: $630,000
Operating Expenses: $540,000
Operating Income: $270,000
Average invested capital: $2,062,500
Refer to the information above. What is the return on investment for Brookes, Inc. (round your answer to the nearest full percentage point)?
A. 70%.
B. 19%.
C. 13%.
D. 9%.
Answer: C. 13%
Explanation:
Return on Investment is the percentage received from the investment over the amount spent.
= Operating income / Average invested capital
= 270,000/2,062,500
= 13.09%
= 13%
Felipe's grandparents have given him $1,500.00 to invest while he is in college to begin his retirement fund. He will earn 2.3% interest, compounded annually. What will his investment be worth at the end of 4 years.
Answer:
$1,642.83
Explanation:
The amount after four years can be calculated using the formula below
A = P(1 +r)^n
where A= amount
P = Principal amount $1500
r= interest 2.3% or 0.023
n = time in year; 4
A = $1500(1 + 0.023)^4
A= $1500(1.023)^4
A=$1500x 1.095222
A=$1,642.83
Most state and local income taxes are either
Answer:
tax collected on the purchase price of goods or services
Explanation:
tax collected on the purchase price of goods or services
Most state and local income taxes are either tax collected on sales.
What is Tax?Tax are levy or due paid by an individual, organization or firm. It is paid to the government purse and the money is used by the government for their spending.
The payment is compulsory and the amount to aly is determined by the government.
Therefore, most state and local income taxes are either tax collected on sales.
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if we say local materials
Rihanna Company is considering purchasing new equipment for $578,500. It is expected that the equipment will produce net annual cash flows of $65,000 over its 10-year useful life. Annual depreciation will be $57,850. Compute the cash payback period. (Round answer to 1 decimal place, e.g. 10.5.)
Cash payback period _________ years
Answer:
The cash payback period is 8.9 years.
Explanation:
This can be calculated using the following formula:
Cash payback period = Equipment cost / Annual net cash inflows ...............(1)
Where;
Equipment cost = $578,500
Net annual cash flows = $65,000
Substituting the values into equation (1), we have:
Cash payback period = $578,500 / $65,000
Cash payback period = 8.9 years
Note that the net annual cash flows is obtained after the annual cash ouflows is deducted from the annual cash inflows. Since annual depreciation is already part of the annual cash outflows, there is no need to consider it again in our calculation.
EASY ANSWER
You should plan to arrive _____ minutes early for an interview.
fifteen
ten
twenty
five
Answer:
10 or 15 bc of my mom
Explanation:
Answer:
Fifteen
Explanation:
Valdez Building Products, Inc., reports that last year it had unlevered net income of $4.1 million, depreciation expenses of $2.4 million, capital expenditures of $2.0 million, and Net Working Capital decreased by $1.1 million. What was the firm's free cash flow last year?
A) $2.4 million.
B) $6.5 million.
C) $8.1 million.
D) $11.1 million.
Answer: $5,600,000
Explanation:
The firm's free cash flow last year will be:
Net Income = $4,100,000.00
Add: Depreciation = $2,400,000.00
Less: Capital Expenditure = $2,000,000.00
Add: Decrease in Net working capital = $1,100,000
Free Cash Flow = $5,600,000
What is penetration pricing?
OA. The approach of lowering prices temporarily to gain market share
OB. Intentionaly not lowering prices below all competitors in order not
OC. A fairly standard retail markup in which the retailer's cost is
O D. When a business simply tries to bring in enough revenue to survive
to enter into price wars
doubled
the difficult period
Answer:
A. The approach of lowering prices temporarily to gain market share
Explanation:
Penetration pricing is a strategy that marketers use to quickly gains market share of a new product. The strategy involves lowering the price of new products to woe customers to buy. The lowering of the price is temporary. Marketers use this strategy to introduce a product as a pocket-friendly alternative.
Penetration pricing is used where a product will be in competition with other existing brands. After the product has gain market share, marketers may increase the price to make profits.
Answer:
A
Explanation:
The revenue cycle is a major cycle for most companies. Accounts receivable, revenue, and other accounts are tested through this cycle. Often there are misstatements found, including errors and/or fraud by the client.
CONCEPT REVIEW: It is important in testing any cycle, especially revenue, to realize that misstatements will occur and to try to distinguish between errors and fraud
1. Many instances of misstatement are based on the inappropriate recognition of_______
2. One way to avoid misstatement of revenue is to ensure the client has proper______
3. Revenues are deemed to be earned when the company has______ what it must do to fulfill its obligation
4. Side______ can substantially alter the terms of a sale.
5. _______ needs to be assured in order to recognize revenue.
Answer and Explanation:
1. The misstatement would depend on when there is inappropriate revenue recorded
2. For avoiding the revenue misstatement, the client should have to cut off the policies
3. The revenues are earned at the time when the company achieved or accomplished for fulfiling its obligation
4. The side agreements could modify the terms of sales
5. For recording the revenue, the collectibility needs to be confirmed
Hailey bought her house in 2015 for $350,000. Since then, she has deducted $55,000 in depreciation associated with her home office and has spent $20,000 replacing all the old pipes and plumbing. She sells the house on July 1, 2019. What is Hailey's adjusted basis at the date of the sale?
Stockholders have residual claim on all assets after debt is paid and therefore have ____ risk than bondholders.
a) equal
b) higher
c) lower
Answer:
b) higher
Explanation:
As we know that the bondholders would be have more priority as compared with the shareholders either they have high risk as compared with the bond holders
So as per the given situation, in the case when the stockholder has the residual claim on all the assets after the payment of debt. This leads to high risk as compared with the bondholders
Therefore the correct option is B.
In general, the consumers who seek out Louis Vuitton branded products are more likely to be _______.
a. price-conscious.b. prestige-sensitive.c. bargain shoppers.d. cost-sensitive.e. value-conscious.
Answer:
c).prestige-sensitive
Explanation:
Prestige sensitivity can be regarded as
favourable perceptions of price which is as a result of prominence as well status of the company that produce the product. Prestige-sensitive buyers prefer to go for product with prominence and status. It should be noted that In general, the consumers who seek out Louis Vuitton branded products are more likely to be prestige-sensitive.