jacob was on active duty in a combat zone from january 1, 2019, until june 30, 2020. jacob filed his 2019 federal income tax return on august 17, 2020. he was unable to file form 4868 for the 2019 return. jacob owes a balance due of $640 on his 2019 return. which of the following is true? jacob may be assessed a penalty because he filed his 2019 balance due tax return late. jacob was required by law to file form 4868 on or before the original due date of the 2019 return. jacob has to include all money he earned in 2019 on the 2019 tax return, including combat pay. jacob will be assessed no penalty for filing his 2020 balance due tax return after its original due date because he was in a combat zone.
Answers
Jacob will be assessed no penalty for filing his 2020 balance due tax return after its original due date because he was in a combat zone is true.
How much is the federal income tax?For the 2022 tax year, the federal income tax rates are at 10%, 12%, 22%, 24%, 32%, 35%, and 37%. But each year, the minimum income levels for each category are gradually raised to account for inflation.Example: Following are the steps you would use to determine your federal tax if your taxable income in 2021 was $50,000: Pay 15%, or $7,353.00, or $7,353.00, up to $49,020. Pay $200.90 (20.5% of $49,020 to $98,040) as your payment. $7,553.90 in federal taxes are due in total.Basic wage plus HRA plus Special Allowance + Transport Allowance equals the total of one's salary.Because he was in a battle zone, Jacob won't be penalised for filing his 2020 balance due tax return after the deadline.To learn more about federal income tax refer to:
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Related Questions
Dividends Per Share
Sandpiper Company has 30,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $25 par common stock. The following amounts were distributed as dividends:
20Y1 $75,000
20Y2 24,000
20Y3 90,000
Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.
Answers
The dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
To determine the dividends per share for preferred and common stock for each year, we need to divide the total dividend amount by the number of shares for each type of stock.
Preferred Stock:
The preferred stock has a 1% dividend rate and a par value of $100 per share. There are 30,000 shares of cumulative preferred stock.
Year 20Y1:
Dividend per share for preferred stock = Dividend amount / Number of preferred shares
Dividend per share for preferred stock = $75,000 / 30,000
Dividend per share for preferred stock = $2.50
Year 20Y2:
Dividend per share for preferred stock = $24,000 / 30,000
Dividend per share for preferred stock = $0.80
Year 20Y3:
Dividend per share for preferred stock = $90,000 / 30,000
Dividend per share for preferred stock = $3.00
Common Stock:
The common stock has a par value of $25 per share. There are 50,000 shares of common stock.
Year 20Y1:
Dividend per share for common stock = Dividend amount / Number of common shares
Dividend per share for common stock = $75,000 / 50,000
Dividend per share for common stock = $1.50
Year 20Y2:
Dividend per share for common stock = $24,000 / 50,000
Dividend per share for common stock = $0.48
Year 20Y3:
Dividend per share for common stock = $90,000 / 50,000
Dividend per share for common stock = $1.80
In summary, the dividends per share for preferred stock for years 20Y1, 20Y2, and 20Y3 are $2.50, $0.80, and $3.00, respectively. The dividends per share for common stock for the same years are $1.50, $0.48, and $1.80, respectively.
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Slove 56 is 5 1/2% of what
Answers
For the mentioned problem, 56 is 5¹/₂ percent of 1018.08.
What is percent?In mathematics, percentage is said to be a number or ratio expressed as a fraction of 100. It is commonly represented by the percent sign '%', but abbreviations such as 'pct.', 'pct', and 'pc' may also be used. Percentages are dimensionless numbers as they have no units of measure.
Percent may be calculated by dividing the value by the total and multiplying the result by 100. The equation used to calculate the percentage is (value/total) * 100%.
For the given question:
5¹/₂% = 11/2%
11/2% of x = 56
(11/200) × x = 56
x = 56 × (200/11)
x = 1018.08
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Evaluate whether Min-Chul is right to focus more on non-financial motivators than financial
motivators to attempt to motivate employees.
Answers
The most prevalent financial motivations occur at work and entail monetary rewards. These are your extrinsic motives, often known as carrots and sticks, which are used to encourage and reward employees for specific achievement behaviors.
Financial incentives drive workers and make them aware of what they stand to gain or lose depending on their performance when they are effectively conveyed. The employee can more easily provide for their families and materially better their lives outside of work thanks to this kind of inducement. Financial incentives can also raise short-term morale and productivity.
Naturally, not everyone is driven by money, and Gallup has discovered that there is no connection between engagement and pay scale. In addition, because of their monetary character, financial motivators frequently have declining returns. Less frequent non-financial motivators are frequently intangible and do not explicitly involve money. These can take various forms, such as acknowledgment, increased accountability and faith in a position, involvement in decisions, adaptable schedules, mentoring, feedback, and others.
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Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $156,000. The machine's useful life is estimated to be 20 years, or 110,000 units of product, with a $1,000 salvage value. During its second year, the machine produces 4,400 units of product. Determine the machines' second-year depreciation under the straight-line method.
Multiple Choice
$7,800.
$6,240.
$6,200.
$7,850.
$7,750.
Answers
Answer:
Explanation:
Annual depreciation=(cost-salvage value)/useful life
Annual depreciation =(156,000-1000)/20
Annual depreciation =$7750/year
Hence Depreciation for second year=$7750.
You are an economics professor teaching large sections of Principles courses this semester. Within the first week of class,
several students have approached you with concerns about exam and homework due dates. They fear they won't do well
because the due dates for your class conflict with the dates for their other classes. You want to allocate exam and homework
due dates to the days most valued by students, but sifting through the opinions of hundreds of students presents a challenge.
The MOST efficient allocation would result if you:
design a predictions market for students to designate when they think the dates will be.
b. create an internal market for students to bid for their preferred dates.
C.
use your centralized power as a professor to assign the dates without student input.
d. determine that you have a knowledge problem when assigning dates
Answers
The MOST efficient allocation of exam and homework due dates for students who have concerns due to conflicting schedules with other classes is to create an internal market for students to bid for their preferred dates.The correct answer is option-b.
A market is the most efficient mechanism for allocating goods and services according to the preferences of consumers. Students who have conflicting schedules can bid for their preferred exam and homework due dates through an internal market.
This method has the advantage of providing the exam and homework due dates to those who are willing to pay the most for them. By using the internal market, the professor can allocate the dates in the most efficient manner without sifting through the opinions of hundreds of students.
This method is also fair as it gives students the opportunity to choose their preferred dates based on their schedule constraints, and it reflects the value that students place on certain exam and homework due dates.
Therefore, the correct answer is option-b.
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Knowing your audience: Find an example of when a company or business did not listen to its customers. Investigate the case and explain it.
Answers
Answer:
E.g., Nokia did...
Customers made it clear to them that neither Windows phone nor Symbian will get anywhere near Android or iOS.
They resisted, ignored. They just flat out wanted the customers to adapt to their OS rather the other way around due to the absolute authority in the mobile phone market share.
As with any business which doesn't evolve as per the customer demands, the end was inevitable, and it was just a matter of time.
Brainliest me <3
Question 3 a. In choosing a supplier of raw materials for operations, there are a number of factors that need to be considered. Mention any three (3) of such factors.
Answers
When choosing a supplier of raw materials for operations, it's important to consider a variety of factors to ensure that you're making the best decision for your business. The factors are Quality, Price, Delivery time and reliability.
Below are three of such factors to consider:
1. Quality: The quality of the raw materials is a vital factor that you should consider when selecting a supplier. The quality of the raw materials will influence the quality of the finished goods produced. As a result, you'll need to ensure that the supplier you choose provides consistent, high-quality raw materials that meet your specifications.2. Price: Cost is an important factor to consider when selecting a supplier. You should ensure that the supplier is providing you with high-quality raw materials at a reasonable cost. It's also important to note that the cheapest supplier may not always be the best option, as quality may be compromised.3. Delivery time and reliability: It's critical to consider the delivery time and reliability of the supplier. The supplier should be able to deliver the raw materials on time and as agreed upon. Delayed deliveries can disrupt your operations, and if they occur frequently, they can damage your business reputation. Reliability is also important to ensure consistent supply and avoid running out of raw materials.For more such questions on supplier
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In the midst of closing procedures, Echo Corporation's accountant became ill and was hospitalized. You have volunteered to complete the closing of the books, and you find that all revenue and expense accounts have zero balances. The Dividends account has a debit balance of $18,750. The Retained Earnings accounts has a beginning credit balance of $134,000. Expenses totaled $325,500 and revenues totaled $364,400.
Prepare journal entries to complete the closing procedures as of year-end. To close the Dividends account.
Answers
Answer:
Revenues Dr $364,400
Income summary Cr $364,400
(Closing revenue accounts)
Income summary Dr $325,500
Expenses Cr $325,500
(Closing expense accounts)
Income summary Dr $38900
Retained earnings Cr $38900
(Transferring balance in income summary to retained earnings)
Dividends Dr $18,750
Retained earnings Cr $18,750
(Closing of dividends)
design an approach that your team would recommend for Joseph and Nicholas to cover one area each that you deem necessary to aid in the planning and controlling functions
Answers
The combines strategic planning, performance measurement, effective communication, and continuous improvement to support Joseph and Nicholas in their planning and controlling functions. It ensures a well-defined direction, data-driven decision-making, collaboration, and a focus on growth and adaptability.
In order to aid in the planning and controlling functions, the following approach can be recommended to Joseph and Nicholas:
1. Establish Clear Objectives and Goals: The first step in planning is to establish clear objectives and goals for the team. It is important to have a clear understanding of what needs to be accomplished and what the team's priorities are.
2. Assign Responsibilities: Assigning specific responsibilities to team members helps to ensure that everyone is working towards a common goal. Joseph and Nicholas should each be assigned to cover one area that is necessary for planning and controlling functions. This will help to ensure that all aspects of the project are covered and that there is no overlap or duplication of efforts.
3. Develop a Schedule: Developing a schedule that outlines the key milestones and deadlines for the project is essential to effective planning and control. This will help to ensure that the project stays on track and that deadlines are met.
4. Monitor Progress: Regularly monitoring progress against the schedule and objectives is necessary to ensure that the project is progressing as planned. This will help to identify any issues or problems that arise and allow for corrective action to be taken.
5. Communicate: Effective communication is critical to the success of any project. Joseph and Nicholas should establish a regular communication schedule to ensure that everyone is up-to-date on the project's progress, any issues or problems that arise, and any changes to the schedule or objectives.
6. Make Adjustments: Finally, it is important to be flexible and make adjustments as needed. If the project is not progressing as planned, adjustments may be necessary to the schedule or objectives to ensure that the project stays on track and that goals are met.
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what does ip address mean??
Answers
Answer:
It is where you live and more stuff I forgot
Suppose a student-athlete has the opportunity to earn $600,000 next year playing for a minor league baseball team, $100,000 next year playing for a European professional football team, or $0 returning to college for another year.
The opportunity cost of the student-athlete returning to college next year is $
I entered $100,000 and got it wrong.
Answers
Answer:
it's 0
Explanation:
hes returning to college and making zero money
To increase tax revenue, the U.S. government imposed a 2-cent tax on checks written on bank account deposits in 1932 (in today's dollars, about 34 cents per check). Complete the following statements on the impact of this tax on the money multiplier and the money supply.
a. The tax on written checks would make people ___________ likely to write checks. Thus, people might start holding more money as__________ . This would____________ the currency-deposit ratio.
b. Under this check tax, the money supply would have:
1. decreased, because the currency-deposit ratio increased, which in turn decreases the money multiplier.
2. increased, because the currency-deposit ratio increased, which in turn decreases the money multiplier.
3. decreased, because the currency-deposit ratio increased, which in turn increases the money multiplier.
4. not changed, because the check tax would not impact the money supply or the money multiplier.
5. increased, because the currency-deposit ratio increased, which in turn increases the money multiplier.
c. Many economists believe that the sharp decline in the__________ in the early 1930s was at least partially responsible for the severity of the Great Depression.
Answers
Answer:
a. The tax on written checks would make people LESS likely to write checks. Thus, people might start holding more money as CASH. This would INCREASE the currency-deposit ratio.
b. Under this check tax, the money supply would have:
1. decreased, because the currency-deposit ratio increased, which in turn decreases the money multiplier.Banks' ability to create money through fractional lending depends on people depositing money on banks and not holding cash themselves. The less cahs held by the public, the more money deposited in banks, the larger the money multiplier.
registered office, and the name and address of each incorporator.
Kelly lives in Arkansas and works in the data division of Acxiom Corporation. Acxiom has its headquarters in Conway, Arkansas. Acxiom i
incorporated in Delaware, however, because of the corporate-friendly laws in that state. Kelly works in a what?
Answers
Kelly works in a foreign corporation because Acxiom is incorporated in a different state than the division where Kelly works.
What is corporation?
A corporation is an organization usually a collection of people or a business that has been permitted by the state to act as a single entity and is legally recognised as such for certain purposes. The majority of governments currently permit the formation of new corporations through registration. Corporations come in a variety of forms, but are often classified by the law of the jurisdiction in which they are chartered based on two factors: whether they can issue stock or if they are founded to generate a profit.
As a result, we can conclude that Kelly works for a foreign firm, as it cannot be deemed an alien corporation due to its location in a separate state.
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According to the creditor hierarchy, list the following from high risk to low risk
1 Ordinary share capital 2 Preference share capital 3 Trade payables 4 Bank loan with fixed and floating charges A 1,2,3,4 B 2,1,4,3 C 1,2,4,3 D 4,1,2,3 2.
Answers
The correct order from high risk to low risk is: D) 4, 1, 2, 3 where trade payables are the lowest-risk creditors, followed by ordinary share capital, preference share capital, and bank loans with fixed and floating charges being the highest-risk creditors.
Bank loans are a common form of debt financing provided by financial institutions such as banks to individuals and businesses.
The terms and conditions of bank loans can vary depending on the lender and the borrower's creditworthiness, but typically include an interest rate, repayment schedule, and collateral or security requirements.
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critcism of modern management theory
Answers
Critics argue modern management theory is rigid, short-sighted, lacks inclusivity, and limits employee empowerment and engagement.
Modern management theory has received its fair share of criticism. One critique is its overemphasis on rigid hierarchical structures, which can stifle creativity and hinder employee autonomy. Another criticism is the focus on short-term financial gains, often at the expense of long-term sustainability and employee well-being. Critics argue that this approach neglects the importance of social and environmental factors in organizational success. Additionally, modern management theory is often criticized for its lack of inclusivity and failure to address issues of diversity and equity. Furthermore, some argue that the reliance on top-down decision-making and command-and-control structures limits employee engagement and empowerment. These criticisms highlight the need for a more flexible, holistic, and human-centered approach to management that takes into account the complex dynamics of organizations and their impact on individuals and society.For more such questions on Modern management theory:
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ACCOUNTING:-
How do we find out the Balance B/D in the credit section?
Answers
In accounting, the term "Balance B/D" typically refers to the Balance Brought Down, which represents the balance carried forward from the previous accounting period.
To find out the Balance B/D in the credit section, you would need to consider the following:
Obtain the financial statements: Retrieve the previous period's financial statements, including the balance sheet and the income statement.
Locate the previous period's credit balance: Look for the credit balance in the relevant accounts on the balance sheet. These accounts could include liabilities, equity accounts, or contra-asset accounts.
Analyze changes: Review any changes that occurred during the previous period in the accounts with credit balances. Determine whether there were any increases or decreases in these accounts due to transactions or adjustments.
Calculate the net change: Calculate the net change in the accounts with credit balances by subtracting any decreases from the increases. This will give you the overall change in the credit balances of these accounts.
Determine the Balance B/D: Add the net change to the previous period's balance. If the previous period's credit balance was zero, then the net change itself will be the Balance B/D in the credit section. However, if there was an existing credit balance, you would need to add the net change to that balance to find the Balance B/D in the credit section.
By following these steps, you can identify the Balance B/D in the credit section, which represents the credit balance carried forward from the previous accounting period.
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Select the correct answer from each drop-down menu. _____ means ___ your portfolio and returning it to the target asset allocation in your initial investment plan. first blank- A. diversifacation B. Evaluation C. Re-balancing Second blank- A. Recreating B. Restating C.Revisiting
Answers
Answer:
Rebalancing means revisiting your portfolio and returning it to the target asset allocation in your initial investment plan.
Explanation:
Rebalancing means revisiting the portfolio and returning it to the target asset allotment in the initial investment plan. Option A is correct.
What is rebalancing in portfolio?Rebalancing is defined as an investment strategy used in finance and investing to bring a portfolio that has deviated from its target asset allocation back into line.
Rebalancing entails returning the portfolio to the target asset allocation specified in the initial investment plan.
Therefore, option A is correct.
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Among the risks associated with short selling a stock are
Answers
Answer:
the risk that stock loans become expensive and the risk that stock loans are recalled. We show that short selling risk affects prices among the cross-section of stocks. Stocks with more short selling risk have lower returns, less price efficiency, and less short selling.
which of the following is an example of an executive agreement?
The president changes a regulation on undocumented immigrant status without congressional approval.
The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
The president issues recommendations to the Department of Justice on what the meaning of a new criminal statue is.
The president negotiates an agreement with China and submits it to the Senate for ratification
Answers
The Correct example of an executive agreement is b) The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
What is Executive Agreement?An executive agreement is a pact between the leaders of two or more countries that has not been approved by the legislature in the same way that treaties are approved. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.Executive agreements are less formal than treaties and do not require ratification by two-thirds of the U.S. Senate. They are agreements between the United States and a foreign government.After 1939, executive agreements were used a lot more frequently. Between 1940 and 1989, during World War II and the Cold War, presidents signed almost 800 treaties but negotiated more than 1,200 executive agreements, compared to the 800 treaties that the U.S. Senate had ratified before to 1940 and the 1,200 executive agreements that they had formed.To learn more about Executive agreement refer to:
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1. Some businesspeople believe that elimination agents and wholesalers reduce their operating expenses. Discuss the opportunity costs associated with eliminating intermediaries.
Answers
1. While eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
Eliminating intermediaries such as elimination agents and wholesalers reduce operating expenses, but it also has associated opportunity costs that businesses need to consider. One of the primary costs is the loss of the expertise and value-added services that intermediaries offer to businesses and customers. Eliminating intermediaries may result in businesses taking on additional responsibilities and expenses such as marketing, distribution, and logistics.
This may result in the need for additional staff and resources to ensure that products reach customers on time. Furthermore, eliminating intermediaries may also result in reduced customer access to products, as intermediaries are often responsible for finding new markets and customer segments. In this case, businesses may need to invest additional resources to market and promote their products to reach new customers.
In conclusion, while eliminating intermediaries may result in reduced operating expenses, businesses need to weigh these savings against the associated opportunity costs. These costs may include the loss of expertise and value-added services, additional responsibilities and expenses, and reduced customer access to products.
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Which of the following is a good tool for planning the verbal and visual components of a collaborative presentation?
a. a Web-based application b. PowerPoint SmartArt c. a flowchart d. a Gantt chart e. a storyboard
Answers
The answer is B. The visual and verbal elements of a collabrative presentation can be planned with PowerPoint SmartArt.
What might a presentation gain from collaboration?In order to get the finest results, a team must work collaboratively so that each member can express their thoughts, learn how their teammates think, & riff on novel ideas. Employees are more likely to contribute their knowledge through collaboration, and they also pick up new skills from one another in the process.
Which 4 forms of cooperation are there?The four primary categories of collaboration that are currently recognized (Coalitions, Investments, Invention Networks, and Ecosystems) are briefly described here, along with an explanation of their respective significance.
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Holloway Company earned $6,800 of service revenue on account during Year 1. The company collected $5,780 cash from accounts receivable during Year 1. Required Based on this information alone, determine the following for Holloway Company. (Hint: Record the events in general ledger accounts under an accounting equation before satisfying the requirements.) (Enter any decreases to account balances with a minus sign.) a. The balance of the accounts receivable that would be reported on the December 31, Year 1, balance sheet. b. The amount of net income that would be reported on the Year 1 income statement. c. The amount of net cash flow from operating activities that would be reported on the Year 1 statement of cash flows. d. The amount of retained earnings that would be reported on the Year 1 balance sheet.
Answers
The further discussion can be defined as follows:
For point A:Calculated to use this formulation is the account receivable
reported on the balance sheets
Using formula:
Admissible Accounts
For point B:The reported net income is revenue from services of \(\$18,000\)
For point C:The reported net cash flow from operations is \(\$14,000\) in
cash from accounts receivables in 1 year.
For point D:Reclaimed revenues are \(\$18,000\) representing the amount of net
income transferred to the retained income account.
So, the final answer is "$4,000, $18,000, $14,000, and $18,000".
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According to Herzberg, to keep a worker satisfied or motivated, the manager should:
Answers
According to Herzberg and his Two-Factor Theory, to keep a worker satisfied or motivated, the manager should focus on two factors: hygiene factors and motivators.
Hygiene factors are basic needs that must be met in the workplace, such as adequate pay, safe working conditions, job security, and clear policies and procedures. If these factors are not met, workers may become dissatisfied and demotivated. However, Herzberg also believed that meeting these basic needs alone is not enough to motivate workers in the long term.
To truly motivate workers, managers must also focus on providing motivators, such as opportunities for personal growth, recognition for good work, and challenging work assignments that offer a sense of accomplishment. By addressing both hygiene factors and motivators, managers can create a work environment that fosters job satisfaction and motivation.
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If you own a business that operates in a certain building then you are liable for the condition of the building.
True
False
Answers
Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.
law of demand
law of diminishing marginal utility
law of supply and demand
law of supply
Answers
Answer:
A. law of demand
Explanation:
how does the business environment influence the process of business enterprise in Nigeria using a schematic diagram with valid example
Answers
Explanation:
when it comes to Nigeria think oil
it's a very big oil country
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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what changes in experiment are found to have made a difference, this type of validity is established
Answers
The best forms of changes in experiments that contribute to strong validation is:
Internal Validity. Internal validity investigates whether the study design, methodology, and analysis provide unbiased answers to the research questions
What is an experiment?An experiment is a technique that is carried out to support or deny a hypothesis, or to test the efficacy or probability of something that has never been done before.
Experiments shed light on cause-and-effect relationships by revealing what happens when a certain element is changed.
What re the various kinds of validity?The following are various types of validity:
Validity on the surface.Validity of contentValidity of constructionInternal consistency.External credibility.Validity of statistical conclusionsValidity based on criteria.Learn more about experiments:
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Calculating Income Tax Expense
Given the following.
Taxable Income $400k
Future taxable amounts $30k
Future deductible amounts $50k
Beginning Balances DTA $10k
Beginning Balances DTL $40k
Tax rate 30%.
1. What is the income tax expense?
2. What is the DTA year end balance?
3. What is the DTL year end balance?
4. What is the income tax expense?
5. What is the originating/reversing amount for the future taxable amount and for the deductible amount of the current year?
Answers
The income tax expense is $120k
The DTA year-end balance is $10k
The DTL year-end balance is $40k
The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
How to Solve the Problem?1. To calculate the income tax expense, we need to first calculate the taxable income.
Taxable Income = $400k
Tax rate = 30%
Income tax expense = Taxable Income * Tax rate
Income tax expense = $400k * 30% = $120k
2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:
Beginning Balance DTA = $10k
Future deductible amounts = $50k
Origination amount for the deductible amount = $50k * 30% = $15k
Reversing amount for the deductible amount = $15k
DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount
DTA year-end balance = $10k + $15k - $15k = $10k
3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:
Beginning Balance DTL = $40k
Future taxable amounts = $30k
Origination amount for the taxable amount = $30k * 30% = $9k
Reversing amount for the taxable amount = $9k
DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount
DTL year-end balance = $40k + $9k - $9k = $40k
4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.
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Which of the following statements is more likely if cash and marketable securities increased by $5,000 during a period in which cash provided by operations increases by $1,000 and cash used by investments decreases by $500?
a. Cash provided by financing increases by $6,500.
b. Cash used by financing decreases by $1,000.
c. Debt increases by more than cash dividends paid.
d. Debt is reduced by more than cash dividends paid.
Answers
Answer: c. Debt increases by more than cash dividends paid
Explanation:
In this case, the net increase in the cash from financing activities will be:
= $5000 - $1000 + $500
= $4500
Option A is incorrect as Cash provided by financing doesn't increase by $6,500 but rather $4500.
Option B is incorrect because the cash used by financing doesn't decreases by $1,000 but rather increase.
Option D us incorrect as well.
The correct option is C "Debt increases by more than cash dividends paid".
Answer:
c. Debt increases by more than cash dividends paid.
Explanation:
The cash flow statement equation is given as follows:
Cash and marketable securities = Cash flows from operations + Cash flows from investments + Cash flows from financing .................. (1)
Where, from the question, we have:
Cash flows from operations = Cash provided by operations increases = $1,000
Cash flows from investments = Cash used by investments decreases = -$500
Cash flows from financing = ?
Cash and marketable securities increased = $5,000
Substituting all the values into equation (1) and solve for Cash flows from financing, we have:
$5,000 = $1,000 - $500 + Cash flows from financing
Cash flows from financing = $5,000 - $1,000 + $500
Cash flows from financing = $4,500
Since the $4,500 Cash flows from financing is positive, this implies that cash provided by financing increases by $4,500. From the option in the question, this can only happen when debt increases by more than cash dividends paid. The other options are clearly not correct.
Therefore, the correct option is c. Debt increases by more than cash dividends paid.