The adjusting journal entry for depreciation at the end of 2020 is $15,400. The remaining estimated life of the equipment starting from 2021 is 9 years. The journal entries for repairs and maintenance in 2021 are $1,950 and $25,000 respectively.
Adjusting journal entry for depreciation at the end of 2020:
Depreciation Expense = (Equipment Cost - Estimated Residual Value) / Estimated Useful Life
Depreciation Expense = ($165,000 - $11,000) / 10
Depreciation Expense = $15,400
The adjusting journal entry would be:
Depreciation Expense $15,400
Accumulated Depreciation $15,400
Remaining estimated life starting from 2021:
The equipment has an estimated life of 10 years, so after 2020, the remaining estimated life would be 10 - 1 = 9 years.
Journal entry for routine maintenance and repairs:
Repairs and Maintenance Expense $1,950
Cash $1,950
Journal entry for major overhaul of the equipment:
Equipment $25,000
Cash $25,000
The accumulated depreciation balance for the beginning of the year was already given as $77,000, and it is not affected by the repair and maintenance expenditures
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Transaction costs are: Multiple Choice costs a buyer or seller incurs to make an exchange take place. fees a buyer is charged when purchasing a good or service on credit. taxes a buyer or seller pays when purchasing a good or service. costs a buyer faces upon reselling a good or service.
Transaction costs are costs a buyer or seller incurs to make an exchange take place. Therefore, the correct answer is "costs a buyer or seller incurs to make an exchange take place."
Yes, that's correct. Transaction costs refer to the expenses incurred by a buyer or seller in completing a transaction of goods or services. These costs include fees paid to brokers, commissions, taxes, shipping expenses, and other associated costs. Essentially, any cost incurred by either party to facilitate the exchange of goods or services is considered a transaction cost. These costs can be a significant consideration for businesses and individuals when deciding whether to engage in a particular transaction or choosing between different options for conducting a transaction. So, it's important to carefully consider transaction costs as they can impact the overall profitability of a business or the value received by an individual from a particular exchange.
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Question 6 of 10
3 Points
A body of the letter is composed of the:
Answer:
Introduction
The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).
when a risk has been determined, why would an organization attempt to address the risk by placing security controls on it?
Organizations attempt to address risks by placing security controls on them to mitigate the risk, comply with regulations and standards, maintain trust with stakeholders, prevent financial losses, and maintain business continuity.
When a risk has been determined, an organization would attempt to address the risk by placing security controls on it for several reasons:
1. To mitigate the risk: By implementing security controls, an organization can reduce the likelihood and impact of the identified risk, thus protecting its assets and operations.
2. To comply with regulations and standards: Organizations may be required to implement specific security controls to meet regulatory requirements or industry standards, such as GDPR, HIPAA, or PCI DSS.
3. To maintain trust with stakeholders: Implementing security controls helps demonstrate to stakeholders, such as customers, employees, and partners, that the organization is taking the necessary steps to protect their data and maintain their trust.
4. To prevent financial losses: By reducing the likelihood and impact of security incidents, organizations can avoid financial losses due to fines, compensation, or loss of business.
5. To maintain business continuity: Effective security controls can help ensure that critical business processes continue to operate during and after a security incident.
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On January 1, firm issued $500,000 of 15 year, 6 percent bonds payable for $552,325, yielding an effective rate of 5 percent. Interest is payable on June 30 and December 31 each year. The firm records amortization on each interest date. Bond interest expense for the first six months, using effective interest amortization, is: Select one: A. $14,059 B. $13,808 C. $16,587 D. $15,000
Interest is paid semi-annually, and the bond interest expense for the first six months is $13,808. The correct option is B. 13808.
To calculate the bond interest expense for the first six months using the effective interest amortization method, follow these steps:
1. Determine the carrying amount of the bonds: In this case, the bonds were issued for $552,325.
2. Calculate the effective interest rate: The effective rate given is 5%, which should be divided by 2 to account for semi-annual payments (5% / 2 = 2.5%).
3. Calculate the interest expense: Multiply the carrying amount by the semi-annual effective interest rate ($552,325 * 2.5% = $13,808).
So, the bond interest expense for the first six months using the effective interest amortization method is $13,808, which corresponds to option B.
In summary, the effective interest amortization method is used to account for bond interest expenses in a way that allocates the cost of the bond over its life. In this case, the firm issued 15-year, 6% bonds payable for $552,325, with a 5% effective rate. The correct option is B. 13808.
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On December 1, 2021, Carlos entered into a lease on a building for use in his business for $1,000 per month. Under the lease terms, Carlos pays 18 months’ rent ($18,000) in advance on December 1. How much can Carlos deduct for rent in 2021?
a. $12,000
b. $18,000
c. $1,000
d. $13,000
The amount that Carlos can deduct for rent in the year 2021, based on his annual rent is c.$1,000.
Rent in 2021When recording rent, you can only record it for the period that the financial statement is for.
The rent given is for 18 months from December 2021 which means that it will be for only a single month in December.
The rent will therefore be a rental amount for a month:
= Rental amount / Number of months
= $18,000 / 18
= $1,000
In conclusion, option C is correct.
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if lana fodor paid $825.80 on a $3,169.78 credit balance. what is the new balance
Explanation:
the balance is $2343.98
Suppose Wacken, Limited, just issued a dividend of $1.85 per share on its common stock. The company paid dividends of $1.50, $1.59, $1.66, and $1.77 per share in the last four years.
a. If the stock currently sells for $45, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
b. What if you use the geometric average growth rate? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
a. Cost of equity____%
b. Cost of equity____%
The Cost of equity using the arithmetic average growth rate in dividends is 9.16% and using the geometric average growth rate in dividends is 8.84%
.a. Cost of equity using the arithmetic average growth rate in dividends:Given dividend payout:$1.50, $1.59, $1.66, $1.77, $1.85Given Selling price of stock, P=$45We need to estimate the cost of equity. It can be found using the Gordon Growth Model formula:g = (D1 / P) + g, whereg = the company's annual dividend growth rate,D1 = the expected dividend in one year from now,P = the current stock priceWe can estimate the growth rate using the arithmetic average growth rate formula:
Arithmetic average growth rate = [($1.85/$1.50)^(1/4)] - 1Arithmetic average growth rate ≈ 5.58%Expected dividend in one year = $1.85 (Given in question)Cost of equity capital = [($1.85 / $45) + 5.58%] x 100%Cost of equity ≈ 9.16%b. Cost of equity using the geometric average growth rate in dividends:Geometric average growth rate = [(1.50 x 1.59 x 1.66 x 1.77 x 1.85)^(1/5)] - 1Geometric average growth rate ≈ 5.44%Cost of equity capital = [($1.85 / $45) + 5.44%] x 100%Cost of equity ≈ 8.84%
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How do you intend to fund your firm's expenditures for
growth and plant improvements? Capstone
Companies often utilize a combination of these funding methods to meet their capital requirements for growth and plant improvements.
Retained Earnings:
Companies may choose to fund expenditures by using their retained earnings, which are profits that have been retained and reinvested into the business.
Debt Financing:
Another option is to secure debt financing, such as bank loans or issuing corporate bonds, to fund growth and plant improvements. This involves borrowing funds and committing to repayment terms, including interest.
Equity Financing:
Companies can raise funds by selling ownership shares in the form of equity, either through private placements or by going public through an initial public offering (IPO).
This brings in new investors who contribute capital in exchange for ownership stakes.
Venture Capital or Private Equity:
Startups or companies in high-growth industries may seek funding from venture capital firms or private equity investors who provide capital in exchange for equity ownership.
Government Grants and Subsidies:
Depending on the industry and location, companies may be eligible for government grants, subsidies, or incentives that can help fund growth initiatives and plant improvements.
Internal Cash Flow Management:
Implementing efficient cash flow management practices, such as optimizing working capital, reducing expenses, and improving profitability, can generate internal funds to support growth and plant improvements.
Strategic Partnerships and Joint Ventures:
Companies can form strategic partnerships or joint ventures with other organizations to share costs and resources, enabling them to jointly fund growth initiatives and plant improvements.
Crowdfunding:
In certain cases, companies may explore crowdfunding platforms to raise funds from a large number of individual investors who contribute small amounts.
The specific funding approach chosen by a company depends on various factors, including its financial position, growth prospects, industry, risk tolerance, and long-term strategic goals.
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I don’t understand this and need help
Pablo runs a small car washing business in his neighborhood on the weekends. This
past weekend, Pablo earned $284. Prior to opening his car wash, he needed to stock
up on soap, sponges, and towels which cost him $46. He also had his son help him
with the car washing and paid him $25 for his help. What was Pablo's net income for
this past weekend?
The Reach Hotel in Key West has the following financial information:
Sales of $1.3 million
Net Income of $298,000
Total Assets of $9 million
Total Equity of $2 million
What is the return on equity for Reach Hotel?
The return on equity for Reach Hotel is 14.9%.
To calculate the return on equity (ROE) for Reach Hotel, you need to divide the net income by the total equity and express it as a percentage.
ROE = (Net Income / Total Equity) * 100
Using the given financial information:
Net Income = $298,000
Total Equity = $2 million
ROE = (298,000 / 2,000,000) * 100
ROE = 0.149 * 100
ROE = 14.9%
Therefore, the return on equity for Reach Hotel is 14.9%.
What is return on equity?
Return on equity (ROE) is a financial ratio that measures the profitability and efficiency of a company's equity investments. It indicates how much profit a company generates for each dollar of shareholder's equity.
The formula for calculating return on equity is:
ROE = (Net Income / Average Total Equity) * 100
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My last points to help you.
Answer:
Thank you, I can help you too dear :)
Explanation:
Answer:)
Explanation:
A 30-year maturity bond making annual coupon payments with a coupon rate of 12% has (Macauley) duration of 11.54 years and convexity of 192.4. The bond currently sells at a yield to maturity of 8%. a) Find the price of the bond if ytm falls to 7% (use financial calculator or spreadsheet).
The price of the bond if the yield to maturity falls to 7%, based on the period and amount will be $1,620.45.
What is the price of the bond at 7%?We shall assume that the bond has a face value of $1,000.
The coupon is:
= 12% x 1,000
= $120
The price is:
= (Coupon x Present value interest factor of annuity, 30 years, 7%) + Face value of bond / ( 1 + rate) ^ number of periods
= (120 x 12.409) + (1,000 / (1 + 7%)³⁰)
= $1,620.45
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Lucas spends $83. 42 in additional interest and charges on monthly payments as the result of a prior bankruptcy. If Lucas been able to save this money for the year and then put it into a savings account earning 1. 8% simple interest, how much money could he have in savings after 3 more years? a. $1,649. 72 b. $1,055. 10 c. $1,019. 06 d. $1,001. 4.
Answer: A
Explanation:
Based on the amount saved monthly and the simple interest earned in 3 years, the amount in savings would be $1,055.10.
The amount saved for the year would be:
= 83.42 x 12 months
= $1,001.04
If this amount was saved at simple interest at 1.8% per year, the amount in 3 years would be:
= Amount + ( Amount x rate x number of years)
= 1,001.04 + (1,001.04 x 1.8% x 3)
= $1,055.10
In conclusion, the account would have $1,055.10
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Question 3
You should plan on spending two
thirds of your paycheck on rent and
household expenses.
True.
False.
Question 4
Answer:
true
Explanation:
i think it true sorry if im wrong
what role is money playing when comparing a $5 price for a gallon of milk to a $4 price for a gallon of gasoline?
Money's role is as a store of value, when comparing a $5 price for a gallon of milk to a $4 price for a gallon of gasoline. Therefore, fourth option is the correct answer.
Money is a centralised, widely used, acknowledged form of exchange that makes it easier to exchange goods and services.
To address the shortcomings of the barter system, money was created. In the past, people engaged in business by exchanging products and services. The double coincidence of wants was one of the many drawbacks that frequently resulted from this. Money was first created as a common medium of transaction to address this issue.
To calculate the worth of all the goods and services exchanged in an economy, money can be employed as the unit of account. Prices in a market-based economy can be expressed using just one unit of value, which simplifies transactions and clarifies for consumers the value of an item or service. Therefore, the fourth option is the required answer.
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Complete question:
What role is money playing when comparing a $5 price for a gallon of milk to a $4 price for a gallon of gasoline?
Money's role as a standard of deferred payment.Money's role as a unit of accounting.Money's role as a medium of exchange.Money's role as a store of value.compute the cash proceeds from bond issues under the following terms. for each case, indicate whether the bonds sold at a premium or discount. (round your answers to nearest dollar amount.)
Cash Premium or Proceeds Discount Terms a. Few, Inc., issued $236,000 of 8-year, 7 percent bonds at 102 b. Files Co. issued $69,000 of 4-year, 6 percent bonds at 98. c. Fry Co. issued $189,000 of 10-year, 7 percent bonds at 102%. d. Ford, Inc., issued $44,000 of 5-year, 6 percent bonds at 99
(a) The cash proceeds for Few, Inc. is $240,720. (b) The cash proceeds for Files Co is $192,780. (c) The cash proceeds for Fry Co. is $192,780. (d) The cash proceeds for Ford, Inc., is $43,560
Let's understand in detail:
a. Few, Inc.
The face value of the bonds is $236,000, and they are issued at 102 percent. Therefore, the cash proceeds from the bond issue are:
Face value x issue price equals cash proceeds.
Cash proceeds = $236,000 x 1.02
Cash proceeds = $240,720
Since the bonds are issued at a price higher than their face value, they are sold at a premium.
b. Files Co.
The face value of the bonds is $69,000, and they are issued at 98 percent. Therefore, the cash proceeds from the bond issue are:
Face value x issue price equals cash proceeds.
Cash proceeds = $69,000 x 0.98
Cash proceeds = $67,620
Since the bonds are issued at a price lower than their face value, they are sold at a discount.
c. Fry Co.
The face value of the bonds is $189,000, and they are issued at 102 percent. Therefore, the cash proceeds from the bond issue are:
Face value x issue price equals cash proceeds.
Cash proceeds = $189,000 x 1.02
Cash proceeds = $192,780
Since the bonds are issued at a price higher than their face value, they are sold at a premium.
d. Ford, Inc.
The face value of the bonds is $44,000, and they are issued at 99 percent. Therefore, the cash proceeds from the bond issue are:
Face value x issue price equals cash proceeds.
Cash proceeds = $44,000 x 0.99
Cash proceeds = $43,560
Since the bonds are issued at a price lower than their face value, they are sold at a discount.
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Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 19 percent per year for the next 8 years before leveling off at 5 percent into perpetuity. The required return on the company’s stock is 10 percent. If the dividend per share just paid was $1.52, what is the stock price?
Answer:
Price of stock = $74.636
Explanation:
The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.
The price of the stock will the sum of the present value of the growing annuity and the growing perpetuity
Present value of dividend from year 1 to 8
The PV of the growing annuity = A/r-g) ( 1- (1+g)/(1+r)^n )
A- dividend payable now , r- required of return, g-growth rate, number of years
PV = 1.52×(1.19)/(0.1-0.19) × (1 -(1.19/1.1)^8)= 17.605
PV of Dividend from year 9 and beyond:
P = D× g/(r-g)
This will be done in two steps:
Step 1: PV(in year 8)of dividend = (1.52× 1.19^8× 1.05)/(0.1-0.05)= 122.250
Step 2 : PV in year 0 = 122.25× 1.1^(-8)= 57.030
Price of stock = 17.60 + 57.030= 74.63
Price of stock = $74.636
An investor purchased a 30-year 4.3% Treasury bond of the issue price of 96.12 on June 1. 2019. As the Covid-19 pandemic unfolded. investors fled to investments perceived as safe and purchosed large quantities of Treasury securities, The increased demand pushed Treasury prices up. On June 1. 2020, exactly one year alter buying the T.bond, the investor sold it for 121.35 affer receiving twocoupon payments. What was the yield to maturity when the investor purchased the bond? What was the investor's realized refurn. Itoted as on APR, when she sold the bond? LO2 The yield to maturity at purchase is 4.545. whlle the rate of return at sale is 28.958, The yield to maturity of purchase is 5.49%, while the rate of return at sale is 36.59%. The yieid to maturity at purchase is 4.30%. while the rate of return at sole is 8.60%. The yield to maturity at purchase is 9.51%, while the rate of return at salo is 43.91%.
The yield to maturity at purchase is 4.30%, while the rate of return at sale is approximately 26.7%.
The yield to maturity at purchase for a 30-year 4.3% Treasury bond, bought on June 1, 2019 at an issue price of 96.12, is 4.30%. This bond is considered a discount bond since it was purchased below its face value of $1000. The price paid for the bond can be calculated by multiplying the issue price by the face value, resulting in $96.12 × $1000 = $9612.
The coupon payment, which represents the interest received from the bond, can be determined by multiplying the coupon rate by the face value and the time period, divided by the number of coupon payments in a year. In this case, the coupon rate is 4.3%, the face value is $1000, and the time period is 6 months, resulting in two coupon payments. Therefore, the coupon payment is $21.5 (2 × 4.3% × $1000 × 6 months/2).
When the investor sells the bond, the total amount received is the sum of the price sold, coupon payment, and another coupon payment. Assuming the price sold is $12135, the total amount received is $12135 + $21.5 + $21.5 = $12178.
To calculate the investor's realized return on annual percentage rate (APR) when selling the bond, we can use the formula: (Total amount received - Price paid) / Price paid × 100%. By substituting the values, we find ($12178 - $9612) / $9612 × 100% = 26.7% (approximately).
In conclusion, the yield to maturity at purchase is 4.30%, while the rate of return at sale is approximately 26.7%.
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if a person attempts to make a phone call while they are waiting for a meeting to begin, they are________
a. combining tasks
b. multitasking
c. sequential tasking
d. cleaving tasks
a controversial practice with employee stock options is repricing. what happens is that a company experiences a stock price decrease, which leaves employee stock options far out of the money o
Repricing can be seen as a reward for failure, but it also preserves the motivational force of the option, and its possibility affects the value of an employee stock option at the time it is granted by reducing its downside risk.
Repricing employee stock options can be controversial because it can be seen as giving employees a second chance to profit from a decrease in the company's stock price, even though the original terms of the option were not met.
However, proponents argue that repricing preserves the motivational force of the option by reducing the risk of it expiring worthless, which can demotivate employees. The possibility of repricing also affects the value of an employee stock option at the time it is granted, as it reduces its downside risk, making it more valuable to the employee.
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Your question seems incomplete, but I suppose the question was:
"A controversial practice with employee stock options is repricing. What happens is that a company experiences a stock price decrease, which leaves employee stock options far out of the money or “underwater.” In such cases, many companies have “repriced” or “restruck” the options, meaning that the company leaves the original terms of the option intact, but lowers the strike price. Proponents of repricing argue that because the option is very unlikely to end in the money because of the stock price decline, the motivational force is lost. Opponents argue that repricing is in essence a reward for failure. How do you evaluate this argument? How does the possibility of repricing affect the value of an employee stock option at the time it is granted?"
Question 1 master help!
Please help, Worth 90 Points!!
Answer:
free points ezzzzz
Explanation:
Answer:
Cash: 7,11,19,12
A/R: 11,19
If cost variance is a positive number, it means that performing the work costs more than planned. a. True b. False
The given statement, "If cost variance is a positive number, it means that performing the work costs more than planned." is false. Positive cost variance signifies project is under budget.
Cost variance, which takes into account any unforeseen savings or additional expenditures, is the difference between a project's projected cost and its actual cost. A project is coming in under budget when the cost variation is positive, and it is above budget when the cost variance is negative. If the cost variance is 0, it signifies that the project's actual cost and projected cost are the same.
Generally speaking, strive for a favorable or positive cost variance, since this shows that the project is on schedule and under budget. A negative or unfavorable variance, however, does not automatically indicate that your project is in peril. Simply put, it can signal that the initial budget was overly ambitious.
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Consider Emily's balance statement:
Emily's supervisor asked her to revise the balance statement. What does she need to revise? Why?
A B
1 Assets FY 2014
2 Accounts Payable $2,000
3 Wages $75,000
4 Taxes Payable $10,000
5 Mortgage Payable $15,000
6 Total $102,000
7
8 Liabilities FY 2014
9 Cash $800
10 Inventories $36,000
11 Investments $25,000
12 Accounts Receivable $61,800
13 Total $122,800
14
15 Balance -$20,800
Answer:
see below
Explanation:
A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.
Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.
In this balance sheet, Emily has confused assets and liabilities.
The column labeled as liabilities represents assets. She should change that. This column should be the topmost column. She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.
Answer:
Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.
Explanation:
Raj and Annie, owners of a trucking company, are discussing opening a new distribution center and are analyzing the estimated cost and potential benefits of the project. Raj and Annie are behaving rationally because:___________
Raj and Annie, owners of a trucking company, are behaving rationally because they are analyzing the estimated cost and potential benefits of opening a new distribution center.
By evaluating the cost and benefits of the project, Raj and Annie are demonstrating rational behavior. Rationality in decision-making involves assessing the potential outcomes and considering the associated costs before making a decision. In this case, Raj and Annie are actively analyzing the estimated cost of opening the distribution center, including expenses such as construction, equipment, staffing, and operational costs.
Additionally, they are considering the potential benefits that the new distribution center can bring to their trucking company, such as increased efficiency, expanded market reach, and higher profitability. This rational approach allows them to make an informed decision based on a careful evaluation of the costs and benefits involved in the project.
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Okay, Daily Question!
My friend is telling her crush she likes him and she wanted me to come up with a ship-name? I made some suggestions but she didn't like any of them and she gave me a deadline of 3:00 to give her a 'good' one. Here are the names:
Nate/Nathan + Addy/Addison
Have any ideas?
Explanation:
Naddison
NA
Natson
Naddy
Under what type of ownership is the property considered owned 50-50 for estate tax purposes and passed automatically to your spouse at your death?
Question 20 options:
Tenants in common
Tenancy by the entirety
Joint tenants with the right of survivorship
Tenancy by default
The Joint tenants with the right of survivorship is one the type of ownership considered as owned 50-50 and passed automatically to spouse at death.
A joint tenancy is when there is concurrent ownership on the property where the tenant enjoys the right of survivorship.
The survivorship right means that when one of the co-owner dies, the right of the property will automatically pass to the surviving co-ownersHence, the Option C is correct because the Joint tenants with the right of survivorship is one the type of ownership considered as owned 50-50 and passed automatically to spouse at death.
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Answer:
Joint tenants with the right of survivorship
Explanation:
just took the test... got it right
WLR
vamp
The first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 9 and March 23 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2019. The gym membership is for a dedicated facility for employees and spouses.
Benefit Information Exclude: Federal FICA
Health Insurance Yes Yes
Life Insurance Yes Yes
Long-term Care Yes Yes
FSA Yes Yes
401(k) Yes No
Gym No No
Owner's name: Toni Prevosti
Address: 820 Westminster Road, Bridgewater, VT 05520.
Phone: 802-673-2636
Number of employees: 8 Gross
Quarterly wages: $32,085. 15
Federal income tax withheld: $628. 00
401(k) contributions: $1,259. 90
Insurance withheld: $4,080. 00
Gym membership: $90. 00 (For the pay-period completed till March 23).
Monthly Deposits Amount
Month 1 $0
Month 2 $2,008. 18
Month 3 $2,904. 72
Required:
Complete Form 941 for Prevosti Farms and Sugarhouse
The total amount owed for federal income taxes, Social Security and Medicare taxes, and federal unemployment taxes is $10,437.42. The Form 941 is a quarterly tax return for employers to report and pay their federal income taxes, Social Security and Medicare taxes, and federal unemployment taxes.
Based on the information provided, the first quarter tax return needs to be filed for Prevosti Farms and Sugarhouse by April 15, 2019. For the purpose of the taxes, assume the second February payroll amounts were duplicated for the March 9 and March 23 payroll periods and the new benefit elections went into effect as planned. The form was completed and signed on April 10, 2019.
The gross quarterly wages for the 8 employees is 32,085.
1,259.90.Insurancewithheldis4,080.00, and the gym membership for the pay-period completed till March 23 is $90.00.
The monthly deposits for the three months are:
Month 1: $0
Month 2: $2,008.18
Month 3: $2,904.72
The total amount owed for federal income taxes, Social Security and Medicare taxes, and federal unemployment taxes is $10,437.42. This amount should be reported on Form 941 and paid by the deadline of April 15, 2019.
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ECO Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, ECO Jeans could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. ECO Jeans’ strategy failed because
Answer: it was not backed up with strategic commitments.
Explanation:
The reason why ECO Jeans’ strategy failed is because the strategy was not backed up with strategic commitments.
Strategic commitments refers to the decisions that are taken by a company which have a long-term impact on the company.
Since ECO jeans could not upgrade its outdated production facilities, the company could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. This could have had a positive impact on the company for a long term.