Refer to the information in Exercise 7-7 to complete the following requirements.
On February 1 of the next period, the company determined that $6,800 in customer accounts was uncollectible; specifically, $900 for Oakley Co. and $5,900 for Brookes Co. Prepare the journal entry to write off those two accounts.
Answers
The organization prepares each separate customer account on behalf of the customers' accounts receivable. Stock sales, purchases, or returns are recorded in this account.
Oakley Co. and Brookers Co. to write off accounts, the organization must settle their settlement with their respective bad debt amounts as described below.
Journal Entry
Date - Details - Debit - Credit
February 1 - Allowance for Doubtful Accounts $6,800
Accounts Receivable - Oakley Co. - $900
Accounts Receivable - Brookes Co. - $5,900 in February
(to suspicious account ) in the following period, the company realized that $6,800 in customer accounts could not be collected; specifically, $900 to Oakley Co. and $5,900 to Brookes Co.
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Related Questions
____are not very liquid because you cannot take out money
when you want or pay a penalty or lose interest; however, the longer the
term the higher the return.
A. Stocks
B. Certificates of Deposit
C. Treasury Securities
D. Savings Accounts
Answers
Answer:
My answer is A) C) and D)
Explanation:
If I am wrong please tell me.
Certificates of Deposit are not very liquid because you cannot take out money when you want or pay a penalty or lose interest; however, the longer the term the higher the return. The correct option is B.
What are the weaknesses of a CD?Low liquidity and possible inflation-related loss of purchasing power are two CD drawbacks. A CD account cannot be partially or completely redeemed without losing some of the interest that has already accumulated as well as possibly the principal.
Compared to savings accounts, CDs are less liquid. Throughout the term, neither can you add to or subtract from them. Instead, you must make a single, full deposit to purchase a CD. You usually incur fees and lose some of the interest you have accrued if you redeem your CD before it matures.
Thus, the ideal selection is option B.
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list and explain the gymnastics activities
Answers
Answer:
spilt , crab walk plssss follow thx
Answer:
Forward roll: a simple forward tumble where one’s whole body is rotated along the surface of the floor.
Splits: splitting your legs sideways or front-and-back such that your whole lower body, including your legs and rear end, is in contact with the ground. Splits can also be performed on a trampoline.
Cast: a semi-plank bar position with your back slightly rounded and your stomach pulled in.
Handstand: using your hands as a base, stand your full body upright and erect with your hands on the floor, your back and legs straight, and your toes pointed upward.
Handspring on vault: essentially a handstand on a vaulting horse that begins with a running leap, a flip into handstand position on the vault, and then pushing off the fault to complete the flip and land on your feet.
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How does a low credit score affect a person who applies for a loan?
A. It makes banks more likely to give the person a large, long-term
loan.
B. It causes banks to charge the person higher interest rates on the
loan.
OC. It makes it easier for the person to get a loan with a poor debt-to-
income ratio.
D. It allows banks to give the person a loan without checking his or
her tax records,
Answers
A person who requests for a loan and has a low credit score will be subjected to higher interest rates from banks. As a result, choice (B) is accurate.
Between 300 and 550 is regarded as a low credit score. You must make significant efforts to raise your credit score if it is in this area. You will not be qualified to apply for a loan or a credit card if you have a low credit score.
Whether it's a car loan, mortgage, or credit card account, borrowing can be more difficult if you have a poor score interest rates. And even if you are approved, your high risk of default means that you will probably have to pay higher interest rates.
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Management's first step in any issue of securities to the public is to: Multiple Choice prepare the tombstone advertisement. distribute copies of the preliminary prospectus. obtain approval from the board of directors. file a registration form with the SEC. distribute copies of the final prospectus.
Answers
When a company wants to issue shares, the very first step is to obtain approval from the board of directors.
In order to go about issuing shares, the first steps are to:
Inform the Board of Directors to gain their consent Inform existing shareholdersThe Board of Directors governs the company so they must be told before shares are issued. They will then give their permission for management to carry on.
In conclusion, management must first seek permission from the Directors.
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This incentive contract is based on a target price of $260,000 withexpected costs of $240,000 and target incentive of $5,000.Thecontract specifies a share ratio of 80/20. If the actual cost is $249,000, what is the seller's final fee?A.$5,000,B.$13,800,C.$11,000,D.$7,200
Answers
The seller's final fee is $7,200. which is option D. based on the incentive contract.
The seller's final fee can be calculated by subtracting the target cost from the actual cost and multiplying it by the share ratio.
First, let's calculate the difference between the actual cost and the target cost:
Actual cost - Target cost = $249,000 - $240,000 = $9,000
Next, we multiply the difference by the share ratio:
$9,000 * (80/100) = $7,200
Therefore, the seller's final fee is $7,200.
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Madeline has a credit score of 648. According to the following table, her
credit rating is considered to be which of these?
Il your FICO credit score is
Your credit rating is considered to be
750 - 850
660 - 749
620 - 659
350 - 619
Excellent
Good
Fair
Poor
A. Fair
B. Good
O
C. Excellent
D. Poor
SUMIT
Answers
Answer: Fair
Explanation:
Based on the given table, Madeline's credit score of 648 falls within the range of 620-659, which is considered as a "Fair" credit rating.Hence option A is correct.
A credit score is a numerical representation of a person's credit worthiness, and it is calculated based on various factors such as credit history, payment history, credit utilization, and length of credit history. A higher credit score is generally considered more favorable by lenders as it indicates a lower risk of defaulting on loans or credit cards.
A "Fair" credit rating suggests that Madeline may have some negative items on her credit report, such as late payments, collections, or high credit utilization. While she may still qualify for credit products, she may have to pay higher interest rates or put down a larger deposit to secure a loan or credit card.
It's essential for Madeline to continue building her credit score by making timely payments, keeping credit utilization low, and avoiding new credit applications unless necessary.
With consistent efforts, she can improve her credit score and move up to a higher credit rating, which may provide better borrowing opportunities and lower interest rates.
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A new retrieval algorithm is being evaluated using a test database, constructed for that purpose. A single search (search ‘A’) of the database retrieved a total of 6,400 documents, of which 1,129 pertain to the topic being studied. Several additional searches on the topic of interest were also conducted and these additional searches plus search ‘A’ retrieved a total of 7,395 distinct documents, of which 1,488 pertained to the topic of interest. The person who constructed the database tells you that there are a total of 10,500 documents in the database, of which 1,750 are pertinent to the topic of your search.
Calculate the relative recall of search ‘A’
Answers
Answer: Relative recall of search A is 0.7587
Explanation:
From the information that are provided in the question, the relative recall of search A will be calculated as the relative documents of search A divided by the total relevant documents of all searches. This will be:
Relative recall of search A = Relative documents of search A ÷ The total relevant documents of all searches
Relative recall of search A = 1129/1488
Relative recall of search A = 0.7587
Therefore, the relative recall of search A is 0.7587.
Marketing analytic approaches can be thought of by considering the level of analytic complexity and the value that is created from employing each within the specific context of interest. Generally, greater levels of complexity come with a higher cost in the form of the level of expertise and effort required to execute the related analytic approach, but more complex analytical approaches also tend to yield higher value customer insights.
This activity is important because marketing managers benefit from being able to determine what the most appropriate marketing analytics approach is for a given decision making context. The goal of this exercise is to demonstrate your understanding of the four key types of marketing analytic approaches. There are four key types of marketing analytics: descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics. Each has its place in taking Big Data and providing valuable insights for marketing management decision making. Hover over each individual item to read fictional company examples highlighting different ways that marketing analytics can be used to yield specific insights.
Match the item to its appropriate position based on which type of marketing analytics approach it represents.
a. Quality Software
b. ABC Supermarket
c. Global Hospitality
d. XYZ
e. Manufacturing
1. Descriptive Analytics
2. Predictive Analytics
3. Diagnostic Analytics
4. Prescriptive Analytics
Answers
Answer:
a. Quality Software - Prescriptive Analytics
b. ABC Supermarket - Descriptive Analytics
c. Global Hospitality - Diagnostic Analytics
d. XYZ - Predictive Analytics
e. Manufacturing - Descriptive Analytics
Explanation:
Descriptive analytics is the strategy which uses the past data and creates a summary for historical data to create future analysis.
Predictive Analytics is the strategy which uses statistical calculations and models to predict the future.
Diagnostic Analytics is the strategy which the analyst observes the past event and then examines why certain situation happened. This is used by analysts to make sure that historic mistakes are not repeated.
Prescriptive Analytics is the strategy in which strategic planning is made after the operational activities are analyzed and then strategies are formed in order to plan future performance.
Select all te correct answers
What are the advantages a market economy offers producers?
minimal government intervention
property rights
monopoly of bigger companies
free advertising for small businesses
free labor
Answers
Answer: Minimal government intervention AND Property rights
Explanation:
what type of securities does the fed control
Answers
Carley is balancing her checkbook. She has written several checks on her account that do not show as being paid on her bank statement. Based on this information, which of the following will she need to remember to include when reconciling her account?
A.
Only deposits showing on her bank statement
B.
Outstanding withdrawals
C.
Outstanding deposits
D.
Only withdrawals showing on her bank statement
Answers
Analyze the role played by government, universities, and entrepreneuers in innovation
Answers
The role played by government, universities, and entrepreneurs in innovation contributes unique resources, expertise, and perspectives that foster innovation and propel economic growth.
Here is an analysis of the role played by each:
Government:Government plays a vital role in innovation through various means:
a. Funding and Support: Governments allocate funds to support research and development (R&D) activities, providing grants, subsidies, and tax incentives for innovative projects.
b. Policy and Regulation: Governments create an enabling environment for innovation by implementing policies and regulations that promote competition, protect intellectual property rights, and encourage entrepreneurship.
c. Infrastructure and Education: Governments invest in physical infrastructure, such as transportation and communication networks, which are essential for innovation.
Universities:Universities play a critical role in innovation through research, education, and collaboration:
a. Research and Development: Universities are centers of knowledge creation and innovation. They conduct research across various disciplines, pushing the boundaries of knowledge and discovering new technologies, processes, and solutions.
b. Talent Development: Universities educate and train students in diverse fields, equipping them with the skills and knowledge to contribute to innovation. They foster critical thinking, problem-solving abilities, and a culture of exploration and curiosity.
c. Technology Transfer: Universities facilitate the transfer of research outcomes and technologies to the commercial sector. They collaborate with entrepreneurs and industry partners to commercialize innovations through licensing agreements, spin-off companies, or joint ventures.
Entrepreneurs:Entrepreneurs are central to the process of innovation and play a key role in transforming ideas into marketable products or services:
a. Idea Generation: Entrepreneurs are often the initiators of innovative ideas. They identify opportunities, envision new products or services, and develop unique value propositions. Their entrepreneurial mindset drives them to challenge existing norms and seek novel solutions.
b. Risk-Taking and Investment: Entrepreneurs take on risks by investing their resources, time, and effort into developing and commercializing innovations. They secure funding from various sources, such as venture capital, angel investors, or government grants, to finance their ventures.
c. Market Adoption and Scaling: Entrepreneurs are responsible for bringing innovations to the market and driving their adoption. They navigate challenges such as market validation, customer acquisition, and scaling operations.
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Which of the following is most likely to happen if a borrower fails to make
payments on time?
A. The borrower's credit score will decrease.
B. The lender will charge a lower interest rate.
C. The lender will increase the credit limit.
D. The borrower's creditworthiness will improve.
Answers
A. The borrower's credit score will decrease.
Answer:
A. The borrower's credit score will decrease.
Explanation:
Cindy forgot to set the parking brake in her car and left it in neutral. As a result her car rolled down her driveway and hit her neighbor's fence. Which of Cindy's coverages will pay for the neighbor's fence?
Answers
Cindy's property damage liability coverage will pay for her neighbor's fence.
Why is it?
This coverage is included in most auto insurance policies and covers damages that the policyholder (Cindy) causes to another person's property while driving.
In this case, Cindy's car caused damage to her neighbor's fence, so her property damage liability coverage will cover the cost of repairing or replacing the fence. It's important to note that liability coverage only covers damages that the policyholder is legally responsible for, so if Cindy's neighbor was partly or fully responsible for the accident, the coverage may not apply.
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complete question:
Which of Cindy's coverages will provide coverage for the damage to her neighbor's fence after her car, which was left in neutral without the parking brake set, rolled down her driveway and collided with the fence?
Ms. Claggett is sixty-six (66) years old. She has been covered under Original Medicare for the last six years due to her disability and has never been enrolled in a Medicare Advantage or a Part D plan before. She wants to enroll in a Part D plan. She knows that there is such a thing as the “Part D Initial Enrollment Period” (IEP) and has concluded that, since she has never enrolled in such a plan before, she should be eligible to enroll under this period. What should you tell her about how the Part D Initial Enrollment Period applies to her situation?
Answers
What should you tell her about how the Part D Initial Enrollment Period applies to her situation is: Part D occurs 3 months prior and 3 months after the month a beneficiary meets the requirements for Part B.
What is Part D plan?Part D plan can be defined as a Medicare plan that help to cover drugs prescription of those under the plan
Based on the scenario you should tell her that Part D Initial Enrollment Period start 3 months prior and 3 months after the month when a beneficiary of the plan meets the eligibility or necessary requirements for Part B plan.
Hence, she cannot be able to use it as a form of justification for enrolling in a Part D plan now.
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Explanation:
Bergstrom accepted the return of merchandise by a customer. The merchandise had been sold on account, and payment had not been received on the date of return. The returned goods retailed for $400, but cost Bergstrom only $300. The appropriate journal entry for Bergstrom is:
Answers
Answer:
Debit Sales Return and allowances $400
Credit Accounts receivable $400
Explanation:
In the given scenario the sale was made on account. That means that no money was collected for the transaction.
So we do not consider the $300 it would cost Bergstrom.
When a good is sold on account, the accounts receivable is debited for the sale amount ($400). As the customer pays the money owed the account is credited to balance it up.
In this case however the good is being returned. So we will debit the Sales Return and Allowance account to recognise the returned item.
Accounts receivable is credited to remove the credit sale since the product has been returned.
You have yet to meet with the folks in Finance at Informational Systems as part of your consulting work for Workplace Solutions Consulting, so you contact the admin for the CFO to set up a meeting. You are told that the CFO is on travel, but you could meet with the Director-level people the next day. At that meeting you get the three Directors in a conference room where they proceed to open up and share their frustrations with working with the CFO. They state that she is difficult to work for because she doesn’t listen to anyone and makes all decisions without consulting them at all
Discussion Part 1: What type of leadership is the CFO displaying? What are the benefits of this type leader? What are the limitations? Under what conditions would this type of leadership be successful?
Answers
Answer:
autrotractic
Explanation:
benefits. ,improves productivity
reduces stress
counters tea, inexperience
According to the model of intertemporal choice, what are the major factors which determine how much savings an individual will have?
Answers
Savings depend on a person's time preferences, anticipated interest rates, and the opportunity costs of spending money now vs later.
A behavioral economist would take into account phenomena that appear unreasonable but are actually due to human nature, such as the propensity to value money differently depending on the context.
What is intertemporal choice?The process by which people decide what and how much to do at different times when choices made at one point in time affect the options available at subsequent times is known as intertemporal choice. People's relative values for two or more payoffs at various times have an impact on these decisions.
Most decisions require the decision-maker to balance costs and rewards over time. These choices could relate to spending, labor effort, education, diet, exercise, health care, and other factors. Numerous unfavorable outcomes, from lower salaries to drug addiction, have been linked to greater demand for faster, lesser rewards.
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Moore's law states that every 18 months, the computing speed of a microchip doubles.
a. What effect does this likely have on the economy?
1. The price level falls and output rises.
2. The price level falls and output falls.
3. The price level rises and output rises.
4. The price level rises and output falls.
b. Demonstrate your answer graphically using the AS/AD model. Use the tool provided 'SAS/' to draw the new short-run aggregate supply curve.
Answers
Answer: The price level falls and output rises.
Explanation:
According to Moore's law, it is stated that the computing speed of a microchip doubles every 18 months. According to Moore, this will increase thespeed and capability of computers and also bring about lesser pay for the computers.
The effect of this on the economy is that it will lead to a fall in price level and increase in output as there will be faster and cheaper production. This can be shown in the diagram attached.
A fall in the price levels the output rises. Thus the option A is correct.
What is the Moore's law. ?The law is an observation of the number of transistors into a densely integrated circuit. The law is an observation and a projection of the historical trends. Rather than a law of physics, it has an empirical relation.
The law the computing speed of the microchips doubles every eighteen months. As per Moore, this will increase the speed and the computability. of the computer. Thus paying lesser for the computer.
The impact is it will have on the economy is that it create a fall in price level and an increase in the output as there will be faster and cheaper production.
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How are foreign exchange rates determined
Answers
Answer:
Currency prices can be determined in two main ways: a floating rate or a fixed rate. A floating rate is determined by the open market through supply and demand on global currency markets. ... 5 Therefore, most exchange rates are not set but are determined by on-going trading activity in the world's currency markets.
Answer: market forces for. a p e x
Explanation:
just did that bro
Question Content Area A company used $35,000 of direct materials, incurred $73,000 in direct labor cost, and had $114,000 in factory overhead costs during the period. If beginning and ending work in process inventories were $28,000 and $32,000, respectively, the cost of goods manufactured was a.$190,000 b.$222,000 c.$218,000 d.$226,000
Answers
Based on the direct materials to the company, the direct labor cost, and the factory overhead, the cost of goods manufactured can be found to be c.$218,000
How to find the cost of goods manufactured?The cost of goods manufactured relates to the cost that a company incurs in order to be able to produce the goods and services. They include only those expenses that were incurred at the site of production such as the direct materials, the direct labor, and the factory overhead.
The cost of goods manufactured can be found by the formula:
= Total cost of manufacturing + Beginning work in process - Ending work in process
Total cost of manufacturing is:
= Direct materials + Direct labor + Factory overhead
= 35,000 + 73,000 + 114,000
= $222,000
This means that the cost of goods manufactured is:
= 222,000 + 28,000 - 32,000
= $218,000
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The dean of the School of Fine Arts is trying to decide whether to purchase a copy machine to place in the lobby of the building. The machine would add to student convenience, but the dean feels compelled to earn an 10 percent return on the investment of funds. Estimates of cash inflows from copy machines that have been placed in other university buildings indicate that the copy machine would probably produce incremental cash inflows of approximately $13,000 per year. The machine is expected to have a three-year useful life with a zero salvage value.
Use Present Value Appendix PV of $1, to determine the maximum amount of cash the dean should be willing to pay for a copy machine.
Note: Round your intermediate calculations and final answer to 2 decimal places.
Use Present Value Appendix PVA of $1, to determine the maximum amount of cash the dean should be willing to pay for a copy machine.
Answers
The dean should be willing to pay up to $32,324.40 for the copy machine, given the expected incremental cash inflows and the three-year useful life of the machine.
To determine the maximum amount of cash the dean should be willing to pay for a copy machine, we need to calculate the present value of the incremental cash inflows.
Using the Present Value of $1 table with a 10% discount rate, we can find the present value factor for a three-year period: 0.751.
Therefore, the present value of the incremental cash inflows is:
$13,000 x 0.751 = $9,763
This means that the maximum amount of cash the dean should be willing to pay for the copy machine is $9,763.
To calculate the present value of an annuity of $1, we can use the Present Value of an Annuity of $1 table. In this case, we need to use the same 10% discount rate and a three-year period.
The present value factor for an annuity of $1 for three years at 10% is 2.4868.
So, the maximum amount of cash the dean should be willing to pay for the copy machine, taking into account the incremental cash inflows over the three-year useful life of the machine, is
$13,000 x 2.4868 = $32,324.40
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Match the accounting terms with the corresponding definitions.
1. Specific Identification
2. Materiality Concept
3. Last- In, First-Out (LIFO)
4. Conservatism
5. Consistency Principle
6. Weighted-Average
7. Disclosure Principle
8. First-In, First-Out (FIFO)
a. Treats the oldest inventory purchases as the first units sold.
b. Requires that a company report enough information for outsiders to make knowledgeable decisions.
c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
d. Calculates a weighted average cost based on the cost of goods available for sale and the number of units available.
e. Principle whose foundation is to exercise caution in reporting financial statement items.
f. Treats the most recent/ newest purchases as the first units sold.
g. Businesses should use the same accounting methods from period to period.
h. Principle that states significant items must conform to GAAP.
Answers
Answer:
FIFO - Treats the oldest inventory purchases as the first units sold.
Disclosure Principle - A company should report enough information for outsiders to make informed decisions about the company
Specific Identification - c. Identifies exactly which inventory item was sold. Usually used for higher cost inventory.
Weighted-Average - Calculates a weighted average cost based on the cost of goods available for sale and the number of units available.
Principle whose foundation is to exercise caution in reporting financial statement items. - Conservatism
f. Treats the most recent/ newest purchases as the first units sold. - LIFO
consistency principle = g. Businesses should use the same accounting methods from period to period.
Principle that states significant items must conform to GAAP. - Materiality
Explanation:
LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.
FIFO means first in, first out. It means that it is the first purchased inventory that is the first to be sold
After jill previewed her presentation she realized thst the chart she had chosen did not reflect the data in the way she wanted it to. What can she do now?
Answers
Jill can now alter the chart data by right-clicking and selecting the 'Edit' data button. To experiment with other types of charts, click the 'Change Chart Type' button.
What exactly is a create presentation?Make a presentation from scratch or from a template. Text, photographs, art, and videos can all be added. Using PowerPoint Designer, choose a professional design. Make use of transitions, animations, and motion. Organizations and consulting firms utilize presentations to inform, instruct, inspire, and convince internal and external audiences.
They include presentations into sales, training, and internal communication campaigns, relying on the power of words and images to engage and keep their audience's attention.
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Critique the concept of Socialism using appropriate examples
Answers
The concept of socialism can be critiqued using examples of countries in which socialist economic systems have been enforced similar as the former Soviet Union, Venezuela, Cuba.
Critics argue that these countries have experienced economic recession, low norms of living, and a lack of individual freedoms due to the absence of free request competition and government control over resources and product. Socialism's critics argue that the absence of incentives for individual initiative, innovation, and profit has led to low situations of effectiveness, productivity and quality in these countries.
sympathizers of socialism argue that there are also examples of socialist systems that have achieved high living norms and greater economic equality similar as in Scandinavia.
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How can a firm obtain the expertise needed to produce and market its products in another part of the world
Answers
a firm obtain the expertise needed to produce and market its products in another part of the world. by providing employ Training companies specialize in various kind of aspects of running a business, adding producing products and marketing them efficiently. You can contract such a firm to come into your business and teach your personnel the skills they need to learn to produce and sell your product.
A firm is a for-profit business, mainly formed as a partnership that provides professional services, known as legal or accounting services. The theory of the firm posits that firms exist to maximize profits and almost zero of the loss.
A firm is any type of business. illustration of firms are a sole proprietorship, partnership, limited liability company, or corporation. The term refer to more commonly associated with a partnership.
Business skills are competencies that belongs to people who knows the consumer habits and organizational behavior so they can use this knowledge to promote the success of the company. Business skills typically qualify as soft skills , and may represent team management, leadership and communication skills.
A product is could be any of the item or service you sell to serve a customer's need or want. They can be physical or virtual. Physical products represents durable goods
Networking is the simplest way of obtaining this so - called “ expertise . ” Connections need to be made locally , nationally then, globally.
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Information for two companies in the same industry, Skysong Corporation and Sheridan Corporation, is presented here. Skysong Corporation Sheridan Corporation Cash provided by operating activities $166,000 $166,000 Net earnings 240,000 240,000 Capital expenditures 71,000 97,000 Dividends paid 6,800 27,000 Compute the free cash flow for each company. Skysong Corporation Sheridan Corporation Free cash flow
Answers
Answer:
See below
Explanation:
Fee cash flow computation for SKYsong corporation.
Free cash flow
Net earnings
$240,000
Cash provided by operating activities
($166,000)
Capital expenditures
($71,000)
Dividends
($6,800)
Cash flow balance
($3,000)
Free cash flow computation for Sheridan Corporation
Free cash flow
Net earnings
$240,000
Cash provided by operating activities
($166,000)
Capital expenditures
($97,000)
Dividends
($27,000)
Cash flow balance
($50,000)
Vocabulary - Terminology for components of taxable income Aa Aa Components to Taxable Income Terminology Match the terms relating to the basic terminology and concepts of personal taxation on the left with the descriptions of the terms on the right. Read each description carefully and type the letter of the description in the Answer column next to the correct term These are not necessarily complete definitions, but there is only one possible answer for each term Term Answer Description Adiustments A. This is mortgage interest expense. Adjusted gross B. This is adjusted annually for changes in cost of living income Deductions C. This is a claim made by the taxpayer for each person supported by the taxpayer's income Reduce AGI by the standard deduction and allowable exemptions This term equals gross income less adjustments. This term refers to allowable expenses that are deducted from AGI. Examples of this term include charitable deductions, state and local taxes, and moving expenses. Standard deduction Itemized deductio Exemption D. E. F. G. example Capital gains tax categories Steps to AGI Steps to taxable ncome H. This term refers to the result after deducting expenses like alimony paid and self-employment taxes, to name a few. I. This is taxed as ordinary income if held less than 12 months. Taken against gross income, they result in AGI
Answers
Taken against gross income, they result in AGI: Adjustments.
H. It refers to income after deducting expenses such as alimony and self-employed tax: Adjusted gross income.
What is Adjusted Gross Revenue used for?Adjusted Gross Income is Gross Income less certain deductions. In addition, adjusted gross income is the starting point for calculating taxes and determining eligibility for certain tax credits and deductions that can be used to reduce your overall tax burden.
What is an example of adjusted gross income?Gross income includes wages, dividends, capital gains, business income, pension payments, and other income. Adjustments income include loan interest for student, expenses for faculty and staff, payment for child support, and retirement accounts contributions.
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What federal policy stimulates the economy?
Answers
Monetary policy can likewise be utilized to light or slow the economy and is constrained by the Central bank with a definitive objective of establishing a pain-free income climate.
What is federal policy stimulates?
Quantitative facilitating (QE) is a type of unpredictable financial strategy wherein a national bank buys longer-term government protections or different kinds of protections from the open market to build the cash supply and empower loaning and venture.
The Fed, as the country's financial strategy authority, impacts the accessibility and cost of cash and credit to advance a solid economy. Congress has given the Fed two corresponding objectives for money-related arrangement: first, most extreme work; and, second, stable costs, significance low, stable expansion.
Monetary policy can likewise be utilized to light or slow the economy and is constrained by the Central bank with a definitive objective of establishing a pain-free income climate.
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- Any four major manufacturing firms of Nepal.
Answers
4 major manufacturing firms in Nepal
Nepal Lever Ltd.Himalayan Snacks Pvt. Ltd.Unitech Nepal Pvt. Ltd.Gorkha Brewery Pvt. Ltd.Nepal Lever Ltd. has 3 divisions homecare, Beauty and personal care and has a long history going back to the 1950s, it has FnR that aims for consistent, competitive, profitable and responsible growth.
Himalayan Snacks Pvt. Ltd. was established in 1900 and deals in supplying and trading noodles, foodstuffs, etc. The supplier company is located in Kathmandu, Bagmati.
Unitech Nepal Pvt. Ltd. offers a variety of products and services, some of which are software development, e-web development, mobile application development, digital marketing and IT consulting.
Gorkha Brewery Pvt. Ltd. deals with the production and distribution of alcoholic beverages and was established in 1989 in Kathmandu, Nepal.
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