Which of the following correctly describes the effects of initially recording prepaid insurance when cash is paid to the purchase Total assets do not change Net income decreases Liabilities decreased stockholders' equity Increases are

Answers

Answer 1

When cash is used to make the purchase, the implications of originally recording prepaid insurance Total assets remain constant, An increase is There is no impact on net income.

What does Stockholders mean in accounting?

Owners of an organization's existing shares, also known as shareholders or stockholders, are entitled to a piece of the company's remaining assets, earnings, and voting power.

What is stockholders with example?

A shareholder is a person who owns stock in a corporation. That corporation is divided among its stockholders. Your stock is certainly worth a great deal if you own shares in the newest, finest, fiscally sustainable new start-up company! Individuals who possess stocks are known as stockholders.

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Related Questions

After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. What behavioral characteristic does Shrum have as the basis for her decision making? Please explain your answer.

Answers

After Polly Shrum sells a stock, she avoids following it in the media. She is afraid that it may subsequently increase in price. Shrum has fear of regret. She is hesitant to examine stock prices out of concern that they may have increased and she may have lost out on possible gains.

To prevent the fear of regret, the investor may become less risk-averse in the future and may purchase any stock recommended by the media without completing any background investigation. During lengthy bull markets, regret theory leads some investors to continue to invest aggressively, dismissing warning signals of a coming disaster.

According to regret theory, people anticipate remorse if they make the wrong option and take it into account while making decisions. Fear of regret may either deter or motivate people to act. Regret theory has the potential to influence an investor's rational conduct, diminishing their capacity to make financial decisions that benefit them rather than damage them.

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how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.

Answers

I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.

How can we protect sensitive information from unauthorized access?

Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.

By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.

Answers

The GDP of Ethiopia using the expenditure approach in 2009 was 205 billion bire.

What is Ethiopia's GDP?

By adding up all of the expenditures on finished goods and services produced domestically, we may compute the GDP using the expenditure method. The following formula is used to determine GDP when utilizing the spending method:

GDP = C + I + G + (X - M)

where:

C = Consumption expenditure by households

I = Investment expenditures by business

G = Government purchases of goods and services

X = Expenditures by foreigners on domestically produced goods and services

M = Expenditures by domestic residents on foreign-produced goods and services

Using the given values for Ethiopia's incomes and expenditures in 2009, we can further input the values to calculate the GDP as;

GDP = C + I + G + (X - M)

= 60 + 20 + 150 + (25 - 25)

= 205 billion bire

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Which of the following statements includes a line described as net income? (Select all that apply.)

Adjusted trial balance

Balance sheet

Income statement

Statement of stockholders’ equity

Answers

It should be noted that the statements which includes a line described as net income is income statement .

What is an income statement ?

An income statement can be regarded as the financial statement which display company's income and expenditures.

This statement can display how the company is performing, whether it's making profit or loss for a given period.

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I uploaded the chart for the question
What is the amount of dividend paid in 2020?

a.
$163

b.
$231

c.
$187

d.
$248

0.5 points

QUESTION 3

What is the net income in 2021?

a.
$1,155

b.
$3,288

c.
$3,724

d.
$1,240

1 points

QUESTION 4

What is the total assets in 2020?

a.
$7,119

b.
$6,843

c.
$9,739

d.
$6,551

0.5 points

QUESTION 5

What is the owners' equity in 2021?

a.
$9,281

b.
$4,968

c.
$6,569

d.
$3,726

1 points

QUESTION 6

What is the cash flow from assets in 2021?

a.
$4,332

b.
$1,578

c.
$6,712

d.
-$2,380

1 points

QUESTION 7

What is the cash flow to creditors in 2021?

a.
$4,332

b.
$6,712

c.
$1,580

d.
-$2,380

1 points

QUESTION 8

What is the cash flow to stockholders in 2021?

a.
$6,712

b.
-$2

c.
$4,332

d.
-$2,380

0.5 points

QUESTION 9

M&M Foods' current ratio in 2021 is _____.

a.
6.77

b.
1.45

c.
3.31

d.
2.85

1 points

QUESTION 10

M&M Foods' quick ratio in 2021 is _____.

a.
2.68

b.
2.85

c.
5.33

d.
1.40

1 points

QUESTION 11

M&M Foods' day's sales in receivables in 2021 is _____.

a.
48 days

b.
57 days

c.
74 days

d.
66 days

1 points

QUESTION 12

M&M Foods' total asset turnover in 2021 is _____.

a.
0.72

b.
0.90

c.
2.03

d.
1.85

1 points

QUESTION 13

M&M Foods' day's sales in inventory in 2021 is _____.

a.
102 days

b.
159 days

c.
83 days

d.
135 days

1 points

QUESTION 14

M&M Foods' profit margin in 2021 is _____.

a.
38

b.
19

c.
0.19

d.
0.38

0.5 points

QUESTION 15

M&M Foods' return on assets in 2021 is _____.

a.
0.48

b.
48

c.
17

d.
0.17

1 points

QUESTION 16

M&M Foods' return on equity in 2021 is _____.

a.
0.25

b.
19

c.
25

d.
0.19

1 points

QUESTION 17

M&M Foods' total debt ratio in 2021 is _____.

a.
0.15

b.
0.30

c.
15

d.
30

0.5 points

QUESTION 18

M&M Foods' equity multiplier in 2021 is _____.

a.
1.43

b.
1.17%

c.
1.17

d.
1.43%

1 points

QUESTION 19

M&M Foods' times interest earned ratio in 2021 is _____.

a.
7.83%

b.
7.83

c.
0.13

d.
13

1 points

QUESTION 20

If M&M Foods has 1,000 shares outstanding and the stock is sold for $25 per share on 12/31/2021, its PE ratio is _____.

a.
31%

b.
31

c.
20.16

d.
20.16%

1 points

QUESTION 21

If M&M Foods has 1,000 shares outstanding and the stock is sold for $25 per share on 12/31/2021, its market-to-book ratio is _____.

a.
5.03

b.
4.12%

c.
4.12

d.
5.03%

1 points

QUESTION 22

M&M Foods' internal growth rate in 2021 is _____.

a.
0.16

b.
0.54

c.
0.25

d.
0.80

1 points

QUESTION 23

M&M Foods' sustainable growth rate in 2021 is _____.

a.
0.25

b.
0.54

c.
0.16

d.
0.80

Answers

Answer:

Explanation:

yes you are correct yes you are correct yes you re correct

All of the following nondependent taxpayers are U.S. citizens. Which is/are required to file a 2022 income tax return

Answers

If all of the following nondependent taxpayers are U.S. citizens. The people that is/are required to file a 2022 income tax return is: D. Lloyd (68) and Melanie (66), married filing jointly (MFJ), $28,200 gross income.

What is income tax return?

Income tax return can be defined as a form that enables a tax payer to file all data or information that has to do with their income and tax to the appropriate department which is the income tax department.

One of the advantage of tax return is that it enables tax payer to know their tax liability among others.

Based on the information given the people that is required to file a 2022 income tax return will be Lloyd (68) and Melanie (66) whom are married filing jointly (MFJ) and has $28,200 as gross income.

Therefore the correct option is D.

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The complete question is:

All of the following nondependent taxpayers are U.S. citizens. Who...

All of the following nondependent taxpayers are U.S. citizens. Who is required to file a 2022 income tax return?

Martika (50), single (S), $12,050 gross income.

Loki (67), head of household (HH), $19,750 gross income.

Nick (43) and Mary (49), married filing jointly (MFJ), $24,450 gross income.

Lloyd (68) and Melanie (66), married filing jointly (MFJ), $28,200 gross income.

Reggie, who is 55, had AGI of $35,200 in 2022. During the year, he paid the following medical expenses:
Drugs (prescribed by physicians)
Marijuana (prescribed by physicians)
Health insurance premiums-after taxes
Doctors' fees
Eyeglasses
Over-the-counter drugs
$ 570
1,470
1,280
1,320
445
270
Required:
Reggie received $570 in 2022 for a portion of the doctors' fees from his insurance. What is Reggie's medical expense deduction?

Answers

Reggie's medical expense deduction is $7,276.

AGI, or adjusted gross income, is a person's total income minus certain deductions and is used to calculate taxable income.

Reggie, who is 55 years old, had an AGI of $35,200 in 2022. During the year, he incurred the following medical expenses:

Drugs (prescribed by physicians): $5,701

Marijuana (prescribed by physicians): $1,470

Health insurance premiums-after taxes: $1,280

Doctors' fees: $1,320

Eyeglasses: $445

Over-the-counter drugs: $270

Reggie was reimbursed $570 by his insurance company for a portion of the doctors' fees. To calculate his medical expense deduction, we first need to subtract any reimbursements from his total medical expenses.

Total medical expenses: $5,701 + $1,470 + $1,280 + $1,320 + $445 + $270 = $10,486

Reimbursements: $570

Medical expenses after reimbursements: $10,486 - $570 = $9,916

To claim a medical expense deduction, the expenses must exceed a certain percentage of AGI, which varies depending on the taxpayer's age. For taxpayers who are 65 or younger, the threshold is 7.5% of AGI. For taxpayers who are over 65, the threshold is 7%.

Since Reggie is 55 years old, the threshold is 7.5% of his AGI or $35,200 x 0.075 = $2,640.

Therefore, Reggie can deduct the portion of his medical expenses that exceed $2,640.

Amount of medical expenses that exceed the threshold: $9,916 - $2,640 = $7,276

Therefore, Reggie's medical expense deduction is $7,276.

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Ganon Co. applies overhead based on direct labor hours. They have an applied overhead of $48,000 and actual overhead of $66,500 for the month of March. In March, the total number of direct labor hours was 1,200 and the total number of machine hours was 5,910. Overhead for the year was estimated to be $690,000. How many direct labor hours were estimated for the year

Answers

Answer:cud unfriend and I have a good idea about how you are cute lol

Fjjfjffnf

Explanation:

Cjfjfjffuhejejeiejwkwkwkd is tyiooo and you have to do it for you or not

Nupur Nagpal, after compleftng her M.B.A. stud es, began to help her father, Shri Bhushan Nagpal, in his business. The business with a limited capital investment, was running successfully. All the workers were happy. Nupur wanted to use the modern business techniques in every area of business, namely, purchase, sale, production, finance, etc. In fact, she wanted to implement the methods, which she had studied in her M.B.A., in her business. As soon as she started interfering in the business with her latest techniques, the workers began to protest against her. Looking at the increasing protest against herself, she became disappointed. Ultimately, she gave up her business and started working in another company. In the business such circumstances were created that even her father could not take any balanced decision. Good Workers began to leave the business. The goodwill of the business in the market went on declining. In no time, the liabilities of business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties. Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. (a)To which form of business organization is concerned the above paragraph .

Answers

The above paragraph is related to the sole proprietorship form of business organization. A sole proprietorship is a form of business organization owned and run by a single person who is the owner or the proprietor. The owner manages the business on his own and is solely responsible for the business's profits and losses.

A sole proprietorship is usually preferred by small businesses and individuals due to its ease of formation and low startup costs.

As in the given scenario, Mr. Bhushan Nagpal started the business with a limited capital investment. In a sole proprietorship, the owner has the right to make all the decisions relating to the business without any interference from other individuals.In the given paragraph, Nupur Nagpal, after completing her MBA studies, began to help her father in his business.

She wanted to use modern business techniques in every area of business to make the business grow and prosper.

However, the workers protested against her intervention, and the business started to decline.

The goodwill of the business in the market started to decline, and the liabilities of the business became many times more than his assets. On account of the pressure exerted on him by the creditors, Mr. Nagpal cleared the debts of business by disposing of his domestic properties.

Mr. Nagpal could not bear with this situation and owing to his heart failure, he died. Ultimately, the business got closed. Thus, it can be concluded that the given scenario is related to the sole proprietorship form of business organization.

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In which situation would a savings account be the best investment to earn interest?
O saving for retirement in 20 years
O saving to buy a new car in three years
O saving to buy a new house in seven years
O saving to easily access the money when needed
Mark this and return
Save and Exit
Next

Answers

The situation in which a savings account would be the best investment to earn interest is: D) saving to easily access the money when needed.

What is saving account?

A savings account is a good choice if quick access to the money is more important than maximizing profits. Comparing savings accounts to other investment alternatives like stocks, bonds, or mutual funds, lower interest rates are often offered by savings accounts.

liquidity

They do however offer and security, making them a viable option for short-term savings objectives or emergency funds when having access to cash is the main need.

Therefore the correct option is D.

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for each of the situations described, state whether the sampling procedure is simple random sampling, stratified random sampling, cluster sampling, systematic sampling, or convenience sampling. (a) all first-year students at a university are enrolled in one of 40 sections of a seminar course. to select a sample of freshmen at this university, a researcher selects four sections of the seminar course at random from the 40 sections and all students in the four selected sections are included in the sample. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (b) to obtain a sample of students, faculty, and staff at a university, a researcher randomly selects 60 faculty members from a list of faculty, 100 students from a list of students, and 50 staff members from a list of staff. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (c) a university researcher obtains a sample of students at his university by using the 84 students enrolled in his psychology 101 class. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (d) to obtain a sample of the seniors at a particular high school, a researcher writes the name of each senior on a slip of paper, places the slips in a box and mixes them, and then selects 20 slips. the students whose names are on the selected slips of paper are included in the sample. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling (e) to obtain a sample of those attending a basketball game, a researcher selects the 29th person through the door. then, every 50th person after that is also included in the sample. cluster sampling simple random sampling stratified random sampling systematic sampling convenience sampling

Answers

Based on the given information, The sampling procedure applied is

cluster samplingStratifiedConveniencesimple random sampling Systematic

What is the sampling procedure?

For choosing a subset of a population to participate in the research and allowing you to test a claim about the features of a population, sampling is a procedure or approach utilized.

The analogy used to describe a representative sample is that of picking several numbers out of a hat after placing everyone's names in it. The list of components is "recorded off" in systematic sampling with proper styructure.

By separating the population into groupings, typically geographical ones, cluster sampling is carried out. As the names suggest Clsuter which names segregate on clusters geographically.

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When a product is a ______, the more ______ its demand.

Answers

Answer:

oil

Explanation:

what's the context, what are the possible options for input?

The way you have the question now is super vague and unanswerable

the following balance where extracted from the book of Alfsal, a sole trader as at 31/12/2014 capital 198000 ,drawing 10700, building 300000, office equipment (cost le 22000) 15000, patent 24000, delivery van at cost63000, Accumulated depreciation delivery vans 14000, stock 01/01/2014 29000, sale485,000, purchase 196000, return outward 5300, return inward 17000, creditor 21900, debtor 34800, discount received 1400, wages and salaries 105,000, general expenses 13000,stationary 4800, tem loan(received on 01/04/2014) 50,000. vat 17300. provision for bad debts 2500. Advertising 5700. insurance 9,000. loan interest paid 1,000. bank42,600. PRSI/USU 10,200. profit and loss balance 01/01/2014 65,000. you are given the following aditional information: stock for resale at 31/12/2014 was le 19,000. stationary paid in advance was le 1,200. provision should be made for interest due on loan. the rate of interest is 6%per annum. wages and salaries are to be divided 75%for employees and drawings. building 10% of cost. delivery van 10% of net book value. office equipment 20% of cost. provision for bad debts is to be adjusted to 10% of debtors . you are required to prepare a trading and profit and loss account for the year ended 31/ 12/2014. balance sheet as at 31/12/2014.

Answers

Here is the trading and profit and loss account for the year ended 31/12/2014:

The Trading and Profit and Loss Account

For the year ended 31/12/2014

Particulars Amount

Sales €485,000

Less: Cost of Goods Sold €196,000

Gross Profit €289,000

Less: Expenses

- Wages and Salaries (75%) €78,750

- General Expenses €13,000

- Stationary €4,800

- VAT €17,300

- Provision for Bad Debts €3,480

- Advertising €5,700

- Insurance €9,000

- Loan Interest €600

- PRSI/USU €10,200

Net Profit €157,370

Here is the balance sheet as at 31/12/2014:

Balance Sheet

As at 31/12/2014

Assets Liabilities

Cash €42,600

Bank €1,200

Debtors €34,800

Stock €19,000

Capital €213,570

Drawings €10,700

Building €300,000

Office Equipment €15,000

Patent €24,000

Delivery Vans €49,000

Accumulated Depreciation €28,000

Provision for Bad Debts €3,730

Loan €50,000

Profit and Loss €157,370

Total €618,570

Answers

Answer:

The Cash flows in $ post-depreciation of SF is $20.70 million. The right answer is b

Explanation:

To calculate the Cash flows in $ post-depreciation of SF we would to have to make the following table:

Description Domestic sale Export sale Total

Selling revenue -

(3000000*15) 45,000,000 45,000,000

(3000000*20) 60,000,000 60,000,000

Variable cost

(3000000*10) (30,000,000) (30,000,000)

Contribution 45,000,000

Fixed cost (6,000,000)

Depreciation (1,000,000)

Profit before tax 38,000,000

Tax 30% (11,400,000)

Profit after tax 26,600,000

Add depreciation 1,000,000

Cash profit after tax 27,600,000

Exchange rate $ 0.75

Cash flow in USD 27,600,000*0.75

Cash flow in USD $ 20,700,000

The Cash flows in $ post-depreciation of SF is $20.70 million

New York and Ohio are among the states with the most remaining drive in movie screens . New York has 4 more screens than Ohio and there are 52 screens total in the two states . how many drive in movie screens remain in each state.

Answers

EXPLANATION:
Let the no. of screens in Ohio be n.
So, no. of screens New York = n + 4
Total no. of screens= 52

Finding the value of n:
n + n + 4 = 52
=> 2n + 4 = 52
=> 2n = 52 - 4
=> n = 48/2
=> n = 24

ANSWER: There are 24 movie screens in Ohio & (24+4) 28 movie screens in New York.

Hope it helps u!

In which type of business does an owner face the least personal responsibility for the firm's success or failure?
O Corporation
O Limited liability
O Partnership
O Sole proprietorship

Answers

In a limited liability business, an owner does not face the responsibility for the firm's success or failure. Thus, option B is correct.

What is business?

An organization is an entity that engages in economic, manufacturing, or research projects is referred to as a business.

Limited liability firms, sole proprietors, corporations, and partnerships are some famous forms of business.

In a limited liability business, the owners are called the members of that firm who usually take a part of the income in the form of salary, and on that salary, there will be tax paid, and it won't be a part of the business anymore. This implies that a firm's success or failure does not affect them much. Therefore, option B is the correct option.

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Answer:b

Explanation:

i took the exam

COMPLETE ANSWER
THE ANSWER TO THE QUESTION IS I'M GOING TO VOTE BRAINLIEST

YOU NEED TO PROVE YOUR ANSWER

Direction: Read each statement carefully. Write True in the blank if the statement is right and False if it is wrong and prove it.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior.

2. External Forces is unpredictable and uncontrollable.

3. Poor corporate image is a strength of the firm.

4. Money is the lifeblood of every business.

5. Customers are the king of the market.

6. Demographic aspects are the characteristics of the people in which the organization can be found.

7. Macro and micro environment are types of internal environment.

8. Technological includes the use of robots and online commerce.

9. Improper plans and policies help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place.

Answers

The given statement 1,2,3,6,7 and 9 are false statement and 4,5,8 and 10 are true statement.

What is called an organization?

An organization is consists group of people who work together, like an association, a charity, a union, or a corporation.

1. Internal Forces refers to set of elements which affects organization's or firm's behavior. It is false statement because today's organizational behavior is influenced by a complicated mix of major influences. People, Structure, Technology, and Environment are the four categories of important factors. People, structure, and technology interact, and these factors are impacted by the environment.

2. External Forces is unpredictable and uncontrollable. It is false statement because it is possible to predict economic trends using forecasted data.

3. Poor corporate image is a strength of the firm. It is false because when the corporate image is weak or poor, it affects the customers perception of not just the company but it's products as well. Hence, deflecting demand for their goods an services.

4. Money is the lifeblood of every business. It is True statement

5. Customers are the king of the market. It is true statement.

6. Demographic aspects are the characteristics of the people in which the organization can be found. It is false statement because demography is the scientific survey of populations, particularly human populations. Demographic analysis may be used to entire societies or groupings based on factors such as education, nationality, religion, and ethnicity.

7. Macro and micro environment are types of internal environment. it is false because Macro relates to external while micro relates to internal.

8. Technological includes the use of robots and online commerce, it is true.

9. Improper plans and policies help the firm to accomplish its objectives it is false because a bad plan cannot possibly lead to a good plan. Hence, improper plans and policies can not help the firm to accomplish its objectives.

10. Socio-cultural are the characteristics of the population of a certain place. It is the true statement.

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You are an outside project management professional who has been hired by Mainstreet to lead its new Wingra Point Live Work development. You are given an approved vendor list and access to the shared drive containing project templates. You are also introduced to the company’s standard processes and procedures and the submission and approval protocols. What type of project inputs do these elements represent? Project collateral Operational Process Assets (OPAs) EEFs Enterprise assets

Answers

These elements represent organizational process assets, which are documents, reports, and plans that are developed within an organization and used to guide project decisions and activities.

What type of project inputs do these elements represent?

Generally, Project management is the process of leading a team to achieve specific goals and objectives within a defined timeline and budget. It involves defining project scope, setting goals and milestones, identifying tasks and responsibilities, tracking progress, and making adjustments as needed to ensure successful completion. Key skills in project management include leadership, organization, communication, problem-solving, and time management.

These assets include policies, procedures, guidelines, templates, and historical information that can be used to inform project management decisions and activities.

Answers

Answer: trtrtr

Explanation:rtrrtrr

How do you know your Business is ready to partner with a Distributor?

Question 1 options:

You have the Sakes Staff to support it.

All of these Answers are right.

You have a strong Trucking and Delivery infastructure.

You have adequate Inventory Housing.

Answers

Answer:

All of these answers are right, but there are some additional factors that should also be considered when determining if your business is ready to partner with a distributor. Some of these factors include:

Product demand: Distributors are typically interested in partnering with businesses that have a proven track record of strong product demand. If your product is not yet well-established in the market, it may be more difficult to convince a distributor to partner with your business.Marketing and branding: If your business has a strong brand and marketing strategy, this can make it more attractive to potential distributors. Distributors want to partner with businesses that have a clear and compelling value proposition and a strong brand image.Financial stability: Distributors want to partner with businesses that are financially stable and have a strong track record of profitability. This can give them confidence that the partnership will be a mutually beneficial one.Scalability: Distributors want to partner with businesses that have the potential for growth and scalability. If your business has demonstrated that it can scale up production and increase sales, this can make it more attractive to potential distributors.Competitive advantage: Finally, distributors want to partner with businesses that have a competitive advantage in the market. This could be a unique product offering, a proprietary technology, or a strong distribution network. If your business has a strong competitive advantage, this can make it more attractive to potential distributors.

X Manufacturing uses a normal cost system and had the following data available for 20x8: Direct materials purchased on account $148,000 Direct materials requisitioned 98,000 Direct labor cost incurred 127,000 Factory overhead budgeted 155760 Factory overhead incurred 137,800 Cost of goods sold 260,000 Beginning direct materials inventory 34,000 Beginning WIP inventory 70,000 Beginning finished goods inventory 55,000 Ending finished goods inventory 104,000 Overhead application rate, as a percent of direct-labor costs 118% Round your answers to the nearest dollar. Fill in the blank without $ or comma or period, e.g., 12345 What is the adjusted cost of goods sold assuming the over/under applied overhead is immaterial?

Answers

Answer:

Adjusted cost of goods sold = $247,940

Explanation:

Under / Over-applied overhead = Factory overhead incurred - Factory overhead applied

Under / Over-applied overhead = Factory overhead incurred - (Direct labor cost*Overhead application rate)

= $137,800 - ($127,000*118%)

Over-applied overhead = $137,800 - $149,860

Over-applied overhead = ($12,060)

Adjusted cost of goods sold = Unadjusted cost of goods sold - Over-applied overhead

Adjusted cost of goods sold = $260,000 - $12,060

Adjusted cost of goods sold = $247,940

Jacobs Company had inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit. On June 12, it purchased 20 units at $14 per unit. On June 17, it sold 30 units. Using FIFO, what is the value of the inventory at June 17 after the sale?

a. $140
b. $160
c. $210
d. $380

Answers

The answer is c. $210

Answer: C

Explanation:

In FIFO, determine the cost of the inventory that is the oldest and multiply that cost by the amount of inventory that was sold

Value of Inventory = 15 * 14 = $210

Save our homes amendment, annual homestead assessment increases are limited to what maximum percentage

Answers

Save our homes' amendment, annual homestead assessment increases are limited to 3% is the maximum percentage.

What is annual homestead assessment?

A Florida constitutional amendment known as "Save our Houses" became operative in 1995. It caps the annual growth in the assessed valuation of homestead properties to 3%, or whatever amount is less than the change in the National Consumer Price Index.

Voters changed the Florida Constitution in 1992, creating Amendment 10, which limits the Assessed Value of properties with Homestead Exemption to 3% or the Consumer Price Index, whichever is less.

Thus, 3% is the maximum percentage.

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ACTIVITY 3 TOTAL:86 3.1 Distinguish between BEE and BBBEE.

Answers

ANSWER:

The ( BEE ) means black economic empowerment. in this the policies is while BEE sought to write the wrongs of the past,where the (BBBEE) board - based black economic empowerment. in BBBEE the aims at distributing the wealth of the nation across all acres races and gender

Explanation:

What is the difference between BEE and B-BBEE? BEE refers to the government's policy, B-BBEE is the implementation of the policy. Both refer to the same strategic framework that seeks to right the wrongs of the past and to distribute the wealth of nation across all races and genders

A company has determined that its Recovery Time Objective (RTO) for a critical system is three minutes. In order to ensure the continuous availability of its critical systems, the company should consider:

Answers

Answer:

An active-passive local server

Explanation:

(ANSWER ASAP!! GIVING BRAINLIEST IF CORRECT :))

Julianna has been asked to write an offer letter to Noah Camp, a new employee. What is the appropriate salutation for her to use?

A: Happy Friday, Noah,

B: Business letters don't use salutations.

C: Hey, Noah,

D: Dear Mr. Camp,

Answers

Julianna has been asked to write an offer letter to Noah Camp, a new employee. What is the appropriate salutation for her to use?

Dear Mr.Camp

I HOPE IT HELPS YOU

PLEASE MARK ME THE BRAINLIEST

How does earned income, like wages, differ from unearned income, like interest or rental
income? How would you pay taxes on these different types of income?

Answers

Answer:

Your tax liability is based on your overall income, so it's important to understand the different types of income and how the IRS treats them. Earned income and unearned income each include diverse forms of payments and have unique tax implications.

Explanation: Hope this helps <3

Why is it important to consider your education, hobbies, personality traits and corporations affect your decision to start a business based on your personal attributes and qualities? n

Answers

While coming up with a business idea, crucial to take into account one's background, interests, personality, professional experience, the sustainability of enterprise depends on individual came up the concept.

Why are character attributes deemed crucial for business owners?

Entrepreneurs that are knowledgeable and skilled tend to be more confident. They can listen to other people's viewpoints without feeling scared thanks to their confidence. Entrepreneurs should be very creative and innovative. Being resilient in spite of setbacks or difficulties enables you to keep going and try again till you win. This is among the qualities that are most crucial for success since it prevents individuals from giving out on their ambitions.

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Using the 2019 marginal tax rates provided in the table below, find the marginal and average tax rates for the incomes shown. Give all answers to two decimals.

1st attempt
Part 1 (2 points)See Hint
What would be your federal income tax if your taxable income was $122,000.00? $

What is the average tax rate for $122,000.00 in taxable income?
%
Part 2 (2 points)See Hint
How much tax would you owe if your income increased by $25,000 to $147,000.00? $

What would be your average tax rate with $147,000.00 of taxable income?
%

Answers

The typical tax rate is equal to ($24,253.10 / $122,000) x 100%, or 19.88%.

Calculate the marginal tax rate for the same.

The marginal tax rate for a taxable income of $122,000 is 24%, as shown in the table of marginal tax rates for 2019. The amount of taxable income that is subject to each tax bracket must be determined, and the corresponding tax rate must then be multiplied by that amount to determine the federal income tax. We can break down $122,000 in taxable income as follows: $9,700 10% taxed amount is $970 ($39,475-$9,700). ($84,200 - $39,475) taxed at 12% equals $3,573.60 ($122,000 - $84,200) taxed at 22% equals $10,517.50 $9,192 after 24% tax

Total federal income tax paid is $24,253.10

Divided by taxable income, the total federal income tax yields the average tax rate:

The typical tax rate is equal to ($24,253.10 / $122,000) x 100%, or 19.88%.

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2 words that ryme on the same line is called?

Answers

Answer:A couplet usually consists of two successive lines that rhyme and have the same metre. A couplet may be formal (closed) or run-on (open). In a formal (or closed) couplet, each of the two lines is end-stopped, implying that there is a grammatical pause at the end of a line of verse.

Explanation:Hoped this helped u kind sir or ma'am and have an great day! And also may i plz have brainlist?

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