Answer:
2) Outside
Explanation:
When writing an email, let's say the email is going outside of the the company, the name, salutation are suppose to be included so as to indicted who the email is meant for, without indicating the name, it would not be known who the email is meant for, since the email is going outside the organization and not within it.
Answer:
1) Inside
Explanation:
When a mail is being sent the salutation used is dependent on if the recipient is internal or external.
A more casual salutation is used for internal recipients like colleagues or team mates, with the first name of the person stated then comma.
For example Hi John,
For external recipients it is more formal. It can be in the format Dear (Title) (Name) and then comma.
For example Dear Mr. Samuel,
Columbia Products produced and sold 1,400 units of the company’s only product in March. You have collected the following information from the accounting records:
Sales price (per unit) $129
Manufacturing costs:
Fixed overhead (for the month) 16,800
Direct labor (per unit) 7
Direct materials (per unit) 31
Variable overhead (per unit) 26
Marketing and administrative costs:
Fixed costs (for the month) 22,400
Variable costs (per unit) 4
Compute the following:
a. Variable manufacturing cost per unit.
b. Full cost per unit.
c. Variable cost per unit.
The computation of the following costs by Columbia Products is as follows:
a. Variable manufacturing cost per unit is $64.
b. Full cost per unit is $96, including manufacturing and marketing and administrative costs.
c. The variable cost per unit is $68.
Data and Calculations:Production and sales units in March = 1,400 units
Sales price (per unit) = $129
Manufacturing costs:Fixed overhead (for the month) = $16,800
Direct labor (per unit) = $7
Direct materials (per unit) 31
Variable overhead (per unit) 26
Variable manufacturing cost $64
The Fixed cost per unit = $12 ($16,800/1,400)
The total manufacturing cost per unit = $76 ($64 + $12)
Marketing and administrative costs:Fixed costs (for the month) = $22,400
Variable costs (per unit) = $4
Fixed costs per unit = $16 ($22,400/1,400)
The total marketing and administrative costs per unit = $20 ($4 + $16)
Full cost per unit = $96 ($76 + $20)
Variable cost per unit = $68 ($64 + $4)
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Production is an example of a marketing activity.
Question 1 options:
True
False
In response to concerns from business leaders, a legislator has designed a new tariff on raw materials used by many manufacturing firms. The legislator felt the new tariff was necessary based on input from the private sector that new discoveries of natural resources abroad would threaten to put domestic producers of raw materials out of business. To meet this goal, this tariff will charge $2,000 on every crate of the imported goods plus an additional 5% of the total value of the imported goods. B. In an effort to balance next year's budget, a senator has proposed a new tariff. She proposed the new tariff with a goal of raising a total of $100 million. To meet this goal, this tariff will charge $2,000 on every ton that is imported. Protective or Revenue Protective ▼ Ad valorem Revenue Compound Ad valorem Compound For each hypothetical scenario, complete the second column in the previous table by determining if the fees charged represe Specific em compound, or specific tariff.
The protective tariff is explained in the first scenario, while the revenue tariff is explained in the second.
What are revenue and protective tariffs?Imported goods are subject to protective tariffs in international trade to shield domestic industries from competition.
In scenario A, in order to safeguard domestic producers, imported goods were subject to a tariff of $1,500 and an additional 6%. As a result, the protective tariff is described in the first scenario. On the other hand, a tariff that is intended to increase revenues is referred to as the revenue tariff.
The tariff that was used in scenario b to achieve the $100 million revenue goal is described. As a result, it is a tariff on revenue.
protective tariff because its purpose is to shield domestic industries from the competition of producers from other states. Its purpose is to drive up the cost of imported goods.
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Complete question -
For each hypothetical scenario, complete the first column in the following table by indicating whether the tariff described is more likely a protective tariff or a revenue tariff.
is this is a (protective or revenue ) and which kind (ad valorem, compound, specific)
A. In response to concerns from business leaders, a legislator has designed a new tariff on raw materials used by many manufacturing firms. The legislator felt the new tariff was necessary based on input from the private sector that new discoveries of natural resources abroad would threaten to put domestic producers of raw materials out of business. To meet this goal, this tariff will charge $1,500 on every crate of the imported goods plus an additional 6% of the total value of the imported goods.
is this is a (protective or revenue ) and which kind (ad valorem, compound, specific)
B. In an effort to balance next year's budget, a senator has proposed a new tariff. She proposed the new tariff with a goal of raising a total of $100 million. To meet this goal, this tariff will charge $1,500 on every ton that is imported.
38. A log book used to record information about visitors who call in an organization is called A. Complimentary card B. Telephone directory C. Telephone pad D. Visitor's register E. Visitor's request form
A logbook used to record information about visitors who call in an organization is called an Option D. Visitor's Register.
A visitor's register is an essential tool for maintaining security and professionalism in a workplace. It helps in keeping track of the people entering and leaving the premises, which aids in monitoring the flow of visitors and ensuring their proper identification.
A visitor's register typically includes columns for the visitor's name, contact details, purpose of visit, time in, time out, and the name of the person they are meeting. This information is valuable in case any follow-up is required or for emergency situations where it's crucial to know who is on the premises.
In contrast, a complimentary card (A) is a business card exchanged during formal introductions. A telephone directory (B) is a listing of telephone numbers organized by name or business. A telephone pad (C) is a notepad used for taking messages or notes during phone calls, and a visitor's request form (E) may be a document required to be filled out by visitors for specific purposes or access.
In summary, a visitor's register (D) is the correct term for a log book used to record information about visitors who call an organization. It helps maintain security, monitor visitor flow, and ensure proper identification of guests. Therefore, the correct option is D.
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What is one advantage of starting to invest
All of the following statements regarding valuation of receivables under U.S. GAAP and IFRS are true except:______
A. Both require the allowance method for uncollectibles unless uncollectibles are immaterial.
B. Both require that receivables be reported net of estimated collectibles.
C. Both require that the expenses for estimated collectibles be recorded in the same period revenues generated from those receivables are recorded.
D. Both allow using percent of sales, percent of receivables, or aging of receivables to estimate uncollectibles.
E. Both require that the expense related to uncollectibles be recorded when the receivable is determined to be uncollectible.
Answer:
E. Both require that the expense related to uncollectibles be recorded when the receivable is determined to be uncollectible.
Explanation:
GAAP is an acronym for Generally Accepted Accounting Principles, it comprises of the accounting standard, procedures and principles used by public institutions in the United States of America. The U.S GAAP is issued by the Financial Accounting Standards Board (FASB) and adopted by the U.S. Securities and Exchange Commission (SEC).
IFRS is an acronym for International Financial Reporting Standards, it comprises of a set of accounting standards or rules issued by the International Accounting Standards Board (IASB). The International Financial Reporting Standards ensures that statement of income, when reported by accountants is consistent, transparent and comparable globally.
Also, there are notable similarities between the U.S GAAP and IFRS, these are;
1. Both require the allowance method for uncollectibles unless uncollectibles are immaterial.
2. Both require that receivables be reported net of estimated collectibles.
3. Both require that the expenses for estimated collectibles be recorded in the same period revenues generated from those receivables are recorded.
4. Both allow using percent of sales, percent of receivables, or aging of receivables to estimate uncollectibles.
Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Each shareholder recorded a $400,000 stock basis as of January 1. At the beginning of the tax year, Money reports balances in AAA of $300,000 and AEP of $600,000. During the year, Money generates operating income of $100,000. At the end of the year, Money distributes securities worth $1,000,000, with an adjusted basis of $800,000.
a. At the end of the year, before the distribution, each shareholder's basis is $__________
b. After the distribution, each shareholder's basis is $______ .
c. Each shareholder has $____ of dividend income.
Answer:
See below
Explanation:
a. At the end of the year, before distribution, each shareholder's basis
= $400,000 + $100,000 + $50,000
= $550,000
b. After the distribution, each shareholder's basis is
= $300,000 + $200,000
= $500,000
c. Therefore, each shareholder has
$250,000 worth of dividend income.
The price of a European call option on a stock with a strike price of $50 is $6. The stock price is $51, the continuously compounded risk-free rate (all maturities) is 6% and the time to maturity is one year. A dividend of $1 is expected in six months. What is the price of a one-year European put option on the stock with a strike price of $50?
Answer:
$3.06
Explanation:
The put call parity shows the relationship between the price of European put options and European call options of the same strike price and expiry date.
Given that:
Strike price (K) = $50
Price (C) = $6
rate (r) = 6% = 0.06
Stock price (SO) = $51
Time (T) = 1 year
Dividend (D) = $1
The period of dividend (t) = 6 months = 0.5 years
The put call parity (P) is given by the equation:
\(P+SO=C+Ke^{-rT}\\P=C+Ke^{-rT}-SO\)
The dividend present value = \(De^{-rt}=1e^{-0.06*0.5}=\$0.97\)
\(P=C+Ke^{-rT}-SO\\P=6+50e^{-0.06*1}-(51-0.97)\\P=6+47.088-50.03\\P=\$3.06\)
If a customer does not have a driver's license, which of the following is an acceptable form of ID:
A. Passport
B. Student ID Card
C. Health Club Membership
D. Social Security Card
its either B or D i would think D more tho because you HAVE to have your social security card if u dont have a licence anyways.
Explanation:
Answer:
If a customer does not have a driver's license, which of the following is an acceptable form of ID:
A. Passport
B. Student ID Card
C. Health Club Membership
D. Social Security CardExplanation:
I believe it's this one, You're welcome.
QUESTION 1
If market interest rates increase after a bond is issued, the?
1- face value of the bond increases.
2- issuer will buy the bond.
3- market value of the bond is increasing.
4-market value of the bond is decreasing.
Explanation:
ttc*yyyyyv,,t,voyfoyvrtvyh
If market interest rates increase after a bond is issued, the market value of the bond is decreasing.
A bond is a fixed income debt instrument. The bond issuer pays investors interest rates and at the end of the investment period, the bond issuer pays the investor back her principal.
The value of a bond and its interest rate is inversely related. When the interest rate of a bond increases, the value of the bond decreases and when interest rate decreases, the value of the bond increases.
For example assume that the interest rate of a one-year bond with face value of 1000 is 5%. The value of the bond is 1000 / 1.05 = 952.38. If the interest rate increases to 8%, the value of the bond becomes 1000 / 1.08 = 925.93.
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Pension data for David Emerson Enterprises include the following:
($ in millions)
Discount rate, 10%
Projected benefit obligation, January 1 $320
Projected benefit obligation, December 31 500
Accumulated benefit obligation, January 1 335
Accumulated benefit obligation, December 31 450
Cash contributions to pension fund, December 31 185
Benefit payments to retirees, December 31 61
Required:
Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.
Answer:
$209
Explanation:
Calculation to determine the service cost component of pension expense for the year ended December 31
Projected benefit obligation, December 31 500
Add Benefit payments to retirees, December 31 $61
Less Interest cost ($32)
(10%$320)
Less Projected benefit obligation, January 1 ($320)
Service cost $209
($500+$61-$32-$320)
Therefore the service cost component of pension expense for the year ended December 31 will be $209
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company’s operations in July appear below:
Vulcan Flyovers Operating Data For the Month Ended July 31
Actual Results Flexible Budget Planning Budget
Flights (q) 57 57 55
Revenue ($340.00q) $16,400 $19,380 $18,700
Expenses:
Wages and salaries ($3,600 + $87.00q) 8,525 8,559 8,385
Fuel ($34.00q) 2,100 1,938 1,870
Airport fees ($870 + $34.00q) 2,693 2,808 2,740
Aircraft depreciation ($9.00q) 513 513 495
Office expenses ($230 + $1.00q) 455 287 285
Total expense 14,286 14,105 13,775
Net operating income $2,114 $5,275 $4,925
The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.
Required:
Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances.
Answer:
1. Revenue and Spending Variance
Revenue = (19,380 - 16,400) = 2980 U
Expenses
Wages & Salaries = 8,559 - 8,525 = 34 U
Fuel = 1,870 - 1,938 = 68 F
Airport Fees = 2,808 - 2,693 = 115 U
Aircraft Depreciation = 0 None
Office Expenses = 287 - 455 = 168 F
Total Expenses = 87 F
Net Operating Income = 5,275 - 2,114 = 3161 U
2. Activity Variances
Activity Variances are used to compare revenue and cost item between the planning budget and flexible budget of the company.
Revenue = 18,700 - 19,380 = 680 U
Expenses
Wages and salaries = 8,385 - 8,559 = 174 U
Fuel = 1,870 - 1,938 = 68 U
Airport fees = 2,740 - 2,808 = 68 U
Aircraft depreciation = 495 - 513 = 18 U
Office expenses = 285 - 287 = 2 U
Total expense = 330 U
Net operating income = 4,925 - 5,275 = 350 U
Critique the case: How did Karin originally approach the project? Comment specifically about Karin’s project management skills and approach? 2. While assessing the case, draw a project organigram, identifying the role-players/ stakeholders and whether they were all in original agreement of the project?
The project organigram should identify the role-players and stakeholders involved in the project and determine if they were all in original agreement.
Who are the role-players and stakeholders involved in the project?The project organigram outlines the key individuals and entities involved in the project including project managers, team members, clients, executives and any other relevant stakeholders.
It also highlights their roles, responsibilities, and relationships within the project structure. Assessing whether they were all in original agreement requires examining the project's initiation phase and the documented agreements such as contracts, memorandums of understanding or project charters.
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Which of the following is not an example of restructuring?
Answer:
c
Explanation:
Increasing or decreasing the amount of common stock is not an example of restructuring. Thus, option 'A' is the correct option.
What is restructuring in a business?A business restructuring is a key step that a company takes to change and reorganize its operations with the goal of lowering debt, boosting productivity, and enhancing the firm's moving ahead. Businesses experiencing financial challenges are more likely to reorganize.
A firm that finds itself in a situation where its debt is rising and it is having trouble making payments on time will frequently choose to restructure in order to find a sustainable solution to pay back all of its creditors and settle any outstanding debt. In general, the significance of corporate restructuring originates from its capacity to right the ship, divert attention from a gathering storm, and steer it in the direction of sheltered seas. It can act to turn around a failing business and position it for success.
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The complete options are:
a. Increase or decrease the amount of common stock
b. Eliminating profitable but unrelated divisions.
c. Merging with companies in related industries.
d. Divesting of an unprofitable division
Labor is an example of a(n) _____.
fixed cost
opportunity cost
variable cost
none of the above
edg
Labor is an example of a variable cost. The majority of your labor costs are actually fixed expenses or constant labor,
What is labor?The effort that people put forth to produce goods and services is referred to as labor. Both the engineer who created the bus that delivers you to school and the waiter who brings your food to a nearby restaurant are examples of labor resources.
Even though many people think of labor as a variable cost because scheduling might change based on the day. The chef, managers, and bookkeeper are examples of salaried employees whose pay is often unaffected by sales.
Therefore, Thus option (C) is correct.
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What is the total amount of Five Below's Liabilities plus Stockholders' Equity in the 2021 fiscal year?
What is the total amount of Five Below's Liabilities plus Stockholders' Equity in the 2021 fiscal year?
$2,880,460,000
$1,120,284,000
$2,880,460
$2,314,770,000
$1,760,176,000
$2,880,460,000 is the total amount of Five Below's Liabilities plus Stockholders' Equity in the 2021 fiscal year .
What is Current liabilities ?A company's obligations or debts that are due within a year or the normal operating cycle are referred to as current liabilities. In addition, a current asset—either cash or a new current liability—is used to settle current liabilities.
On a company's Balance Sheet, current liabilities include accounts payable, accrued liabilities, short-term debt, and other similar debts.
Notes Payable, Accounts Payable, Short-Term Loans, Accrued Expenses, Unearned Revenue, Current Portion of Long-Term Debts, and Other Short-Term Debt are all considered current liabilities.
As current liabilities provides us with a general picture of your company's short-term financial standing and is useful for working capital expenditure planning. A healthy business is typically one with fewer current liabilities than current assets.
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Which of the following is not a key aspect of training and development, rather it is a focus of OD?
Question 10 options:
learning is the sole objective, such as a new skill, system, or procedure
systemic organizational change efforts
programs developed for large audiences
needs assessment, course development, technology usage, and on-the-job training
Systemic organizational change efforts are not a key aspect of training and development, rather it is a focus of OD. Thus, option B is correct.
What is training?Training can be defined as the part where the physical, as well as theoretical descriptions of things, are being given to the people.
The systematic organizational tool does not provide training and development. As in the change, the person is more acquainted with the goals and the power of the people.
It entails developing and implementing company policies, institutions, processes, and technology to address change in the company's setting and other use in the wider world. Therefore, option B is the correct option.
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The income statement for Thomas Manufacturing Company for a period is as follows:
Sales (10,000 units)
Variable expenses
Contribution margin
Fixed expenses
£
120.000
72,000
48.000
36.000
Operating income
12,000
If sales increase by £60,000, what will happen to profit?
Answer:
mankie
Explanation:
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an entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own
An entrepreneur utilized his own experience to develop the business concept to launch his own company after working in a certain field for 8 years.
Contrary to an entrepreneur who establishes a business from scratch, who starts a business using an idea or concept that already exists?An entrepreneur is a person who creates a business from an existing idea and sells goods and services to customers. Entrepreneur is a term used to describe a person who starts a company with a fresh idea or concept and engages in commercial activities.
What actions would a business owner that is actively seeking new possibilities take?Entrepreneurship is the activity of a person who is continually looking for new things and converting those ideas into lucrative prospects by accepting risk and uncertainty in the business.
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The complete question is:
An entrepreneur worked in a certain industry for 8 years to generate the business idea to start his own enterprise the entrepreneur used his own _______
things that you value that are stored digitally such as digital photographs or gift card codes are
Answer: Digital Assets
Explanation: just did the question
Answer: C. Digital Assets
Explanation:
A digital asset is anything that is stored digitally and is uniquely identifiable that organizations can use to realize value. Examples of digital assets include documents, audio, videos, logos, slide presentations, spreadsheets and websites.
difference between real flows and monetary flows
How are state Insurance Guaranty Associations funded?
Every state has a guarantee fund that is created by legislation. To safeguard policyholders in the event that an insurer goes bankrupt or is unable to pay its debts, a state's insurance commissioner maintains guarantee funds.
It is possible for a borrower to approach a bank for a loan since a guarantee fund offers a loan or credit guarantee. When a borrower lacks adequate security, such as real estate or other assets, guarantees can be quite helpful. The lack of (enough) collateral is practically universal among small borrowers. Guarantee insurance entails that an insurance firm, rather than a bank, provides a guarantee to your business.
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8. Exam. Semester Exam
Question 5 of 30
2 Points
Which of these is most likely to lead to an increase in wages?
A. A government with a budget surplus
B. The use of an assembly line
C. Outsourcing and offshoring
D. The formation of a labor union
Answer:
D. The formation of a labor union
Explanation:
The formation of a labor union will likely lead to an increase in wages because of two main reasons:
Labor unions engage in collective bargaining with employers, and this negotiations usually result in higher wages.Labor unions often restrict the labor supply that enters a particular market: they only allow unionized workers to get the jobs of the industry, and/or keep the labor supply artificially low in other to push wages to rise. This is because, the fewer workers in an industry, the scarcer they are, and the higher their wages become.The Allwardt Trust is a simple trust that correctly uses the calendar year for tax purposes. Its income beneficiaries (Lucy and Ethel) are entitled to the trust's annual accounting income in shares of one-half each.
For the current tax year, Allwardt reports the following.
Ordinary income $100,000
Long-term capital gains 30,000
Trustee commission expense, allocable to corpus 5,000
The trust instrument allocates the capital gain to income.
a. Each beneficiary is entitled to receive income of $_________ .
b. The trust's DNI is $_______ .
c. The trust's Selecttaxable incomelossCorrect 1 of Item 3 is $__________ .
d. Each of the beneficiaries can report _____________ of gross income.
Answer:
a. Each beneficiary will receive;
= Ordinary income / 2
= 100,000/2
= $50,000
b. Trust's DNI is;
= Accounting income + exemption - long term capital gains
= (Ordinary income + long term gain - commission - personal exemption) + exemption - long term capital gains
= (100,000 + 30,000 - 5,000 - 300) + 300 - 30,000
= $95,000
c. Taxable income = Long term gain - exemption
= 30,000 - 300
= $29,700
d. Each beneficiary can report;
= DNI/ 2
= 95,000/2
= $47,500
Liebeck v. McDonald's
Do you agree with the end result of this case? Why or why not?
Whether or not someone agrees with the end result of the case is a matter of personal opinion and perspective.
In the Liebeck v. McDonald's case, the plaintiff, Stella Liebeck, sued McDonald's after suffering third-degree burns from hot coffee that she spilled on herself while in a car. She argued that the coffee was too hot and that McDonald's was negligent in serving it at such a high temperature. The jury awarded Liebeck $2.7 million in damages, which was later reduced to $640,000 on appeal.
Some people argue that the end result of the case was justified, as McDonald's had a duty to ensure that its products were safe for consumers and should have known that serving coffee at such a high temperature could cause harm. Others, however, argue that the damages awarded were excessive and that Liebeck was partially responsible for her own injuries by spilling the coffee.
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What accounting book is used to capture changes to the trial balance
The accounting book used to capture changes to the trial balance is the general Journal.
The general journal is a chronological record of all financial transactions that affect account balances, including adjustments and corrections. It is where entries are first recorded before being posted to the appropriate accounts in the general ledger.
Journal entry refers to the process of entering business transactions in a journal called a Journal, which is then used to prepare the company's financial statements. The journal data will be extracted in order to create a ledger report.
The general journal assists in maintaining an accurate and full record of all modifications made to the trial balance, assuring the accounting system's integrity.
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Which of the following is not one of the drivers of supply chain performance? A. facilities B. procedures C. information D. inventory
B. Procedures is not one of the drivers of supply chain performance.
The four main drivers of supply chain performance are facilities, inventory, information, and transportation. These drivers help to determine how responsive and efficient the supply chain is.
Good facilities or locations ensure that the goods produced are in good condition till they are requested by consumers. The quality of the goods is also preserved. Efficient transportation ensures that goods get to the customers on time. Inventory which involves stock-taking helps salespeople to know what goods are available and readily provide customers with the needed information and stock. Information is also an essential factor. Knowledge of factors affecting pricing, push versus pull, forecasting, etc., helps decision-makers to know what is needed to improve the quality of goods and their delivery.Conclusively, Procedures are not one of the drivers of supply chain performance.
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Alfred E. Old and Beulah A. Crane, each age 42, married on September 7,2017. Alfred and Beulah will file a joint return for 2019. Alfred's Social Security number is 111-11-1109. Beulah's Social Security number is 123-45-6780, and she adopted "Old" as her married name. They live at 211 Brickstone Drive, Atlanta, GA 30304. Alfred was divorce from Sarah Old in March 2016. Under the divorce agreement, Alfred is to pay Sarah $1,250 per month for the next 10 years or until Sarah's death, whichever occurs first. Alfred pays Sarah $15,000 in 2019. In addition, in January 2019, Alfred pays Sarah $50,000, which is designated as being for her share of the marital property. Also, Alfred is responsible for all prior years' income taxes. Sarah's Social Security number is 123-45-6788. Alfred's salary for 2019 is $150,000. He is an executive working for Cherry.Inc. (Federal I.D. No. 98-7654321). As part of his compensation package, Cherry provides him with group term life insurance equal to twice his annual salary. His employer withheld $24,900 for Federal income taxes and $8,000 for state income taxes. The proper amounts were withheld for FICA taxes. Beulah recently graduated from law school and is employed by Legal Aid Society.Inc. (Federal I.D. No. 11-1111111), as a public defender. She receives salary of $42,000 in 2019. Her employer withheld $7,500 for Federal income taxes and $2,400 for state income taxes. The proper amounts were withheld for FICA taxes. Alfred and Beulah had interest income of $500. They received $1,900 refund on their 2018 state income taxes. They claimed the standard deduction on their 2018 Federal income tax return. Alfred and Beulah pay $4,500 interest and $1,450 property taxes on their personal residence in 2019. Their charitable contributions total $2,400 (all to their church). They paid sales taxes of $1,400, for which they maintain the receipts. Alfred and Beulah have never owned or used any virtual currency, and they do not want to contribute to the Presidential Election Campaign. Compute the Old's net tax payable (or refund due) for 2019. Suggested software: ProConnect Tax Online
To compute the Olds' net tax payable (or refund due) for 2019, we need to gather all the relevant information and calculate their taxable income, apply the appropriate tax rates, deductions, and credits. Since the tax calculation involves various factors and tax laws, it would be best to use tax software such as ProConnect Tax Online or consult with a tax professional. The software will streamline the process and ensure accurate calculations based on the specific tax laws and regulations applicable to the Olds' situation.
On December 31, 2021, Wildhorse, Inc. leased machinery with a fair value of $1,425,000 from Cey Rentals Co. The agreement is a 6-year noncancelable lease requiring annual payments of $270,000 beginning December 31, 2021. The lease is appropriately accounted for by Wildhorse as a finance lease. Wildhorse’s incremental borrowing rate is 11%. Wildhorse knows the interest rate implicit in the lease payments is 10%. The present value of an annuity due of 1 for 6 years at 10% is 4.7908. The present value of an annuity due of 1 for 6 years at 11% is 4.69590.In its December 31, 2021 balance sheet, Wildhorse should report a lease liability of:_______
Answer:
$1,023,516
Explanation:
The computation of the lease liability reported is shown below:
= Present value of annual payment - Annual payments
where,
Present value of annual payment = 270000 × 4.7908
= $1,293,516
And, the annual payment is $270,000
So, the lease liability reported is
= $1,293,516 - $270,000
= $1,023,516
We simply applied the above formula to determine the lease liability
Wendy is a large-scale project manager. She can break down a project into its component parts, create the project timelines, and ensure that milestones are met. Wendy is much more focused on end results than specific roles or the overall mission of the organization. This is an example of ______ leadership.relationship-orientedtask-orientedwork groupoptimalposition-oriented
Answer:
task- oriented
Explanation:
I think this is the right answer