which of the following is a true statement regarding the filing of a joint tax return? the spouse of a member of the military may never sign for the servicemember on a joint return. one spouse can prepare and sign the return and then send it to the other spouse to sign and file. the spouse of a member of the military must have a poa in order to file an mfj tax return. the spouse of a member of the military must have a poa and form 4868 in order to file an mfj tax return.

Answer:

Please see below

Explanation:

1. Calculate the pension expense for 2021.

($ millions)

Service cost. $50

Interest cost. $30

Expected return on the plan assets

(1,300 × 6%). ($78)

Amortization of prior service cost $

Amortization of net gain or loss - AOCI $

Pension expense $2

2. Journal expense to record pension expense, gains or losses, prior service cost, funding and payment of benefits for 2021.

1.

Pension expense. Dr $2

Plan assets [expected return on assets] Dr $78

To PBO (50 + 30) Cr $80

(To record the pension expense)

2.

Prior service cost - OCI Dr $18

To PBO Cr $18

(To record the prior service cost)

3.

PBO Dr $36

To Gain - OCI Cr $36

(To record the gain from change in actuarial assumption)

4.

Loss- OCI [1,300 × 6%] - ($23). Dr $55

To Plan assets Cr. $55

(To record the gain or loss on assets)

5.

Plan assets. Dr $40

To Cash Cr. $40

(To record the funding)

6.

PBO Dr $46

To Plan assets. Cr 46

(To record the retiree benefits)

3. What amount will electronic distribution report in its 2021 balance sheet as a net pension asset or net pension liability.

PBO balance, Jan 1 $530

Service cost. $50

Interest cost. $30

Gain from change in actuarial assumption. ($36)

Prior service cost(New). $18

Benefit paid ($46)

PBO balance, December 31. $546

Plan assets balance, Jan 1. $300

Actual return on plan assets $23

Contributions $40

Benefits paid ($46)

Plan assets balance, December 31 $317

PBO balance, December 31 $546

Plan assets balance, December 31 $317

Net pension liability. $229

LIFO (last-in, first-out) is a cost flow assumption used by firms to value their inventory, in which the last goods placed in inventory are the first items sold. As a result, the oldest acquired or generated inventory remains at the conclusion of the term.

The final expenses available at the moment of sale are the first to be withdrawn from the Inventory account and charged to the Cost of Goods Sold account under everlasting LIFO. We cannot wait till the end of the year to estimate the final cost because this is a perpetual system. (as is done with periodic LIFO).

Based on the given information, the schedule of cost of goods sold under LIFO method can be prepared as follows:

Date Quantity Unit Cost Total Cost Cost of Goods Sold Inventory Balance

Jan. 1 4,000 $40   $160,000 -                     $160,000

Apr. 19 2,500 $44   $110,000 $100,000                  $70,000

June 30 2,500 $44  $110,000 -                              $180,000

Sept. 2 4,500 $46  $207,000 $187,500        $92,500

Nov. 15 2,000 $46  $92,000 $92,000                            $500

To calculate the cost of goods sold and inventory balance, we use the LIFO method, which assumes that the last units purchased are the first to be sold.

On Jan. 1, the company had 4,000 units in inventory at a cost of $40 each, which gives a total inventory value of $160,000.

On Apr. 19, 2,500 units were sold. The most recent purchase was on June 30, when 4,500 units were purchased at a cost of $44 each. Since the most recent purchase was used up first, we assume that the cost of goods sold is based on these units, resulting in a cost of goods sold of 2,500 units x $44 = $110,000. The inventory balance is now 4,000 units (Jan. 1 inventory) - 2,500 units (sold) + 4,500 units (purchased) = 6,000 units at a total cost of $270,000. We assume that the units from the Jan. 1 inventory and the June 30 purchase are still in inventory at this point, but the units from the April 19 sale have been sold.

On June 30, 2,500 units were sold. The most recent purchase was on Nov. 15, when 2,000 units were purchased at a cost of $46 each. Since the most recent purchase was used up first, we assume that the cost of goods sold is based on these units, resulting in a cost of goods sold of 2,500 units x $46 = $115,000. The inventory balance is now 4,000 units (Jan. 1 inventory) + 4,500 units (June 30 purchase) - 2,500 units (sold) - 2,000 units (sold) = 4,000 units at a total cost of $184,000. We assume that the units from the Jan. 1 inventory and the June 30 and Nov. 15 purchases are still in inventory at this point, but the units from the April 19 and Sept. 2 sales have been sold.

On Sept. 2, 5,000 units were sold. The most recent purchase was on Nov. 15, when 2,000 units were purchased at a cost of $46 each. Since the most recent purchase was used up first, we assume that the cost of goods sold is based on these units, resulting in a cost of goods sold of 2,000 units x $46 = $92,000. The remaining 3,000 units sold are assumed to come

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Answer:

a) According to the published sales statistics, it appears that the initial release of tablets in 2010 was warmly accepted by customers, since sales increased quickly in the years that followed. With only a 13% rise in revenue from 2015 to 2016, the rate of growth has slowed recently. This shows that customer enthusiasm for the technology may be waning.

b) We will utilize the Bass Model Estimator available on the "Analysis Report" page to project sales over the following five years. The "coefficient of innovation" (p) of this model accounts for the number of customers who have embraced the technology as well as the number of potential consumers who have not yet adopted the technology but may be persuaded to do so.

Explanation:

Answer:

Explanation: the most which is

Answer:

foreign companies may reduce the prices of their products to stay competitive.

The cost of goods sold ($1,900,000 + $45,000) is adjusted by the intercompany sale. the effect of the intercompany sale is eliminated in preparing the consolidated income statement.

Consolidated income statement is used to combine the financial statements of two or more parent company and their subsidiaries into a single financial statement. Therefore, the consolidated income statement for Paley Corporation and its wholly owned subsidiary, Sims Enterprises can be prepared as follows; Paley Corporation and Subsidiary Consolidated Income Statement For the Year Ended

December 31, 20Y2Sales $3,200,000Cost of goods sold ($1,900,000 + $45,000) 1,945,000 Gross profit $1,255,000

Operating expenses ($750,000 - $125,000) 625,000

Operating income $630,000Other revenue and expense:

Interest revenue $20,000Interest expense ($15,000 + $20,000) (35,000)Net income $615,000Note: The cost of goods sold ($1,900,000 + $45,000) is adjusted by the intercompany sale.

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The impact of T‑shirts on annual GDP by calculating the value added of the entire production process is $1,625,000,000.

The value added of the entire production process for T-shirts can be calculated by summing the value added by each stage of the production process.

Value added by the farmer = $0.75 (sale of cotton to mill)

Value added by the mill = $0.75 (sale of fabric to T-shirt factory) - $0.75 (cost of cotton from farmer) = $0

Value added by the T-shirt factory = $5 (sale of T-shirts to wholesaler) - $1.50 (cost of fabric from mill) = $3.50

Value added by the wholesaler = $10 (sale of T-shirts to Nordstrom) - $5 (cost of T-shirts from factory) = $5

Value added by Nordstrom = $17 (sale of T-shirts to customer) - $10 (cost of T-shirts from wholesaler) = $7

Therefore, the total value added by the entire production process is $0.75 + $0 + $3.50 + $5 + $7 = $16.25

The impact of T-shirts on annual GDP is $16.25 * 100 million T-shirts = $1,625,000,000.

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The 1990 year net grain output is indicated by a blue bar, which is the minimum for Russia, therefore Russia must import to satisfy its needs; India and China must also buy some grain.

Russia was one of the world's major grain exporters. Russia exported 45.3 million metric tons of grain in the 2019-2020 marketing year, including wheat, barley, and maize. Due to severe weather circumstances, this constituted a little decline from the previous year, but it still accounted for a considerable part of worldwide grain exports. Wheat was the most important contributor to Russia's grain exports, accounting for around 34.5 million metric tons transported overseas. Overall, grain exports from Russia constitute a significant source of revenue for the government and play an essential part in global food security.

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Answer:

time share is the answer or townhous

Answer:

13.56%

Explanation:

For the computation of return in equity first we need to follow some steps which are shown below:-

D/A = Debt ÷ Total assets

Debt = $200,000 × 65%

= $130,000

Interest expense = $130,000 × 8%

= $10,400

Total assets = Total liabilities + Total equity

Total equity = $200,000 - $130,000

= $70,000

Net income = (EBIT - Interest expense) × (1 - Tax rate)

= ($25,000 - $10,400) × (1 - 0.35)

= $9,490

ROE = Net income ÷ Equity

= $9,490 ÷ $70,000

= 13.56%

Answer:

B, false

Explanation:

Answer:

An increase in the net export and Russian interest rate.

Explanation: An open economy is an economy where all players which includes traders, investors and other stakeholders in the economy both within and outside the economy freely conduct their businesses and are controlled by market forces with minimal interference by Government agencies.

According to the open-economy macroeconomic model with the defaulting by the Russian government in 1998 will definitely lead to an increase in net export and an increase in Russian Interest rate.

The final raw material and finished goods inventories at the end of 2020 had the same production and sales percentages as those planned for 2020.

Each kilogramme of finished goods requires 3 kilogrammes of raw materials to manufacture. The estimated cost of raw materials is $4 per kilogramme.

Make a production budget for the six-month period ending June 30, 2021, broken down into quarters.

Sales units: 4,900 in the first quarter, 6,000 in the second, and 7,300 in the third quarter. Ending raw materials inventory: 40% of the following quarter's sales units. The following information for the six months ending June 30, 2023, was agreed upon by the Tamarisk Company budget committee on January 1, 2023: 1. Units of sales First . The Tamarisk Company budget committee agreed on the following on January 1, 2023.

information for the six months ended June 30, 2023:

First quarter: Starting inventory = 5,100 multiplied by 25%

Initial stock = 5,100 * 0.25

Starting stock is $1,275.

Desired final stock = 6,100

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The baker earn $ 3,960 for selling the cake, and spend $ 3,484 on candlesticks.

To find out how much money the butcher spent on cakes (the pastry chef's profit) and how much the pastry chef spent on candles, it is necessary to carry out the following operations:

Divide the butcher's money ($ 4,500) by 100 and multiply it by 88.

Then we performed the same operation, replacing the $ 4,500 with $ 3,960 to find out how much the baker spent on candles.

Finally, to find out how much the candlestick maker spent on building materials for his house, we performed the same operation, replacing the $ 3,960 with $ 3,484.

$ 3,484 / 100 × 88 = $ 3,065

According to the above, it can be inferred that The baker earn $ 3,960 for selling the cak, and spend $ 3,484 on candlesticks.

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Note: The questions are incorrect, the correct questions are:

Answer:

Government of South Africa

Explanation:

In the event that the bank gathers data before approving a loan, collateral won't be taken into consideration. Option (D) is right as a result.

In the financial industry, collateral is a valuable asset that a borrower pledges as security for a loan.

For instance, the house bank is used as collateral when a home buyer gets a mortgage. The automobile is used as collateral for a car loan. When a company seeks bank funding, the company may use valuable property or equipment as loan collateral.

In the event of a default, the lender may take possession of the collateral and sell it to repay its losses.

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The optimal cash replenishment level is $1.5 million.

Reese's Resources faces a smooth annual demand for cash of $15 million, incurs transaction costs of $125 every time they sell marketable securities, and can earn 4.5 percent on their marketable securities.

Optimal cash replenishment level:To find the optimal cash replenishment level, we can use the Miller-Orr model.

Miller-Orr model is used to determine the optimal cash balance of a company to minimize the cost associated with holding or having a shortage of cash.

It is designed to help companies determine when they should transfer cash in and out of their account to keep the account balance close to a specified target.

The Miller-Orr model considers two costs: the opportunity cost of holding cash and the transaction cost of transferring money from one account to another.

Lower limit = 3 × T × σ / 4 × C = 3 × 10 × 0.5 / 4 × 125 = $0.75 millionUpper limit = 3 × Lower Limit = 3 × 0.75 = $2.25 millionThe optimal cash balance is the average of the upper limit and the lower limit, which is ($0.75 million + $2.25 million) / 2 = $1.5 million.

The company should try to keep their cash balance around $1.5 million to minimize the cost associated with holding or having a shortage of cash.

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Answer:

Management refers to the ability or art of setting objectives, organizing, motivating the people resources, devising systems of measurement, and building human capacity towards the attainment of all organization objectives.

Explanation:

1. Defining Objectives: This flows down from the Founder and Chief Vision Officer. The objectives of an organization is the purpose for which an organization was set up. An example could be to give people living with a disability the opportunity to live inclusively, attaining their highest selves.

2. Organizing: When objectives are taken and put in form of goals, these goals are devolved through to management in the form of achievable tasks who then delegate them to staff. The process of ensuring that each staff know their tasks, who they are accountable to, and work together harmoniously is called Organising.

3. Motivating team: It is not enough to have human resources. It is critical that they be willing to work together, harmoniously and happily. This way, the company enjoys the highest performance possible.

4. Defining Performance Indicators

What is not measured can not be managed. Performance Indicators are systems of measurement that enable the organization to keep track of whether or not the goals are being met and in what measure they are.

5. Building Capacity

Organizations that build leaders the fastest are the ones that win. Building human capacity is the equivalent of upgrading machinery or opting for higher manufacturing technology in the industrial age. People are able to solve problems to the extend that they know how to. The more they know, the better and faster they are at solving such problems. Hence, increasing organizational competency and effectiveness.

Cheers

Answer:

The situations that might have created the budget deficit for the Constantine family are an unexpected increase in rent, higher cost of food( away), higher cost of personal gifts, and donations. The current budget deficit is $210. These are the items of expenditure that could have increased and have led to the budget deficit for the Constantine family.

Explanation:

A sudden rise in rent, greater food (away) costs, higher prices for presents for family members, and contributions are all possible causes of the Constantine family's budget shortfall.

An overrun in spending over income results in a budget deficit, which can be a sign of a nation's financial stability. The phrase is frequently used to describe government expenditure rather than that of companies or people.

Budget deficits have an impact on the total amount a nation owes to creditors, the total of its annual budget deficits, and the national debt.

Current costs surpass the amount of money obtained via routine operations when a budget deficit is detected. A government may boost revenue-generating activities or reduce specific expenditures in order to balance the country's budget deficit, also known as a fiscal deficit.

A budget deficit may result in more borrowing, greater interest costs, and insufficient investments, all of which reduce income for the next year.

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As you are aware, we are in the process of buying a piece of the Midge Company's net assets related to a certain product line. The rival has agreed to sell because of its considerable net losses in previous years, and the purchase cost is anticipated to be significantly greater than the present fair value of the identifiable net assets.

Acquisition Cost (AC) is the overall cost (all-in cost) incurred by a corporation or organization when acquiring assets, gaining new clients, or surpassing a rival organization. It is also known as the cost of acquisition, and most businesses and investors consider it an important business statistic.

Simply divide the overall cost of marketing for a certain time period by the total number of new consumers acquired during that same time period to get the cost per acquisition.

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The type of bond sold at face value are Series I savings bond and Series EE savings Bonds.

An IOU-like debt security is called a bond. Borrowers issue bonds to attract capital from investors ready to extend a loan to them for a specific period of time. When you purchase a bond, you are making a loan to the issuer, a corporation, a government, or a municipality.

Governments and businesses both issue bonds to raise money. By purchasing a bond, you are making a loan to the issuer, who agrees to repay the face value of the loan on a specific date and you pay along the way, you will receive periodic interest payments—typically twice a year.

The correct answer are both "3rd and 4th" option.

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Answer: Please see below

Explanation:

a. Journal to record the entry to establish the petty cash fund.

Account Particulars                 Debit           Credit

Petty Cash                               $750

Cash                                                                $750

b. Journal to record  the entry to replenish the petty cash fund.

Account Particulars                 Debit                     Credit

Office Supplies                         $248

Misc Selling Expense               $212  

Miscellaneous administrative expense, $96.                  

Cash Short and Over                 $18

Cash                                                                       $574

To calculate Cash Short and Over=  $750-(248+212+ 96)= 750 -556= $194

but the money in the pettycash fund On April 1 is $212.

therefore Cash short and over = $212-$194 = $18

The team member that would be tasks with using sales information to predict warehouse change is the inventory manager.

This is the person that works in the warehouse whose responsibilities involve the overseeing of supplies and also materials.

The inventory manager helps by monitoring and controlling the inventory as well as the physical counting of inventory.

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The reason for a bimodel distribution is that a bimodal distribution may occasionally result from merging data from two processes or populations.

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Customer care teams utilize written instructions called customer service scripts to confirm and address issues or concerns from customers. A customer service script can be used for talks over the phone, and on social media.

No matter who is at blame, the first thing you want to do when there is a problem is apologised and show empathy. While you want to assist in their problem-solving, you also want to make sure that their worries are acknowledged and taken seriously.

The basic problems of pricing inaccuracies, order mix-ups, and other product-related concerns are covered in the scripts that follow. when a wrong mailing address is typed. It appears that your order was sent to the incorrect address. I apologize for it. Another is being sent to your address, and it ought to show up there within the next week.

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Answer:

a. What is the mean amount spent on advertising?

b. What is the median amount spent on advertising?

c. What are the first and third quartiles?

Explanation:

Company    Advertising expense (in $ billion)

Procter and Gamble 5.00

American Express 2.19

Comcast 3.08

General Motors 2.15

AT&T 2.91

Toyota 2.09

Ford 2.56

Fiat Chrysler 1.97

Verizon 2.44

Walt Disney Company 1.96

Loreal 2.34

J.P. Morgan 1.88

total $30.57 billion

mean $2.55  billion

median is between $2.19 and $2.34 ⇒( $2.19 + $2.34) / 2 = $2.265

first quartile = ($1.88  + $1.96 + $1.97 + $2.09 + $2.15 + $2.19) / 6 =  $12.24 / 6 = $2.04

third quartile = ($2.34  + $2.44  + $2.56  + $2.91 + $3.08  + $5) / 6 = $18.33 / 6 = $3.055

a. The mean amount spent on advertising is $2.55 billion

b. The median amount spent on advertising is $2.265 billion

c. The first and third quartiles is

first quartile = $2.04 billion

third quartile = $ 3.055 billion

Company    Advertising expense (in $ billion)

Procter and Gamble 5.00

American Express 2.19

Comcast 3.08

General Motors 2.15

AT&T 2.91

Toyota 2.09

Ford 2.56

Fiat Chrysler 1.97

Verizon 2.44

Walt Disney Company 1.96

Loreal 2.34

J.P. Morgan 1.88

total $30.57 billion

mean $2.55  billion

median is between $2.19 and $2.34

= ( $2.19 + $2.34) ÷  2

= $2.265

first quartile = ($1.88  + $1.96 + $1.97 + $2.09 + $2.15 + $2.19) ÷ 6

=  $12.24 ÷ 6

= $2.04

third quartile = ($2.34  + $2.44  + $2.56  + $2.91 + $3.08  + $5) ÷ 6

= $18.33 ÷ 6

= $3.055

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Answer:

Price earning ratio = $17.9

Explanation:

Price earning ratio = Market Price share / Earning Per Share

Price earning ratio = $39.40/$2.2

Price earning ratio = $17.9

Installing a security system is an example of an improvement operating expense. Option B. This is further explained below.

Generally, a security system is simply defined as a system of security when someone attempts to break in, an electrical gadget sends off an alert.

inconclusion, An example of an improved operational expenditure is the installation of a security system.

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