Answer:
Estimated manufacturing overhead rate= 20%
Explanation:
To calculate the predetermined overhead rate, we need to use the following formula:
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
6,000= Estimated manufacturing overhead rate*30,000
Estimated manufacturing overhead rate= 6,000 /30,000
Estimated manufacturing overhead rate= $0.2 per direct labor dollar
As a percentage= (0.2/1)*100= 20%
An organization uses a Session Initiation Protocol (SIP) endpoint for establishing communications with remote branch offices. Which of the following protocols will provide encryption for streaming data during the call?
A secure peer-to-peer connection is made using SIP, not only for the audio but also while the connection is being made. That implies that the connection information is encrypted in addition to the audio (who is calling whom etc.).
Which of the following protocols would protect internal network file transfer services?As its name suggests, the Secure File Send Protocol (SFTP) is used to transfer files safely over a network. The client and server are authenticated, and data is encrypted.
Which wireless setup offers the most modern and safe method of tethering wireless devices to a home or office network?Experts concur that WPA3 is the best wireless security protocol when deciding between WEP, WPA, WPA2.
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On January 1, 2021, Lizzy's Lemonade issues 5%, 20-year bonds with a face amount of $97,000 for $85,789, priced to yield 6%. Interest is paid semiannually. What amount of interest expense will be recorded on June 30, 2021, the first interest payment date? (Round your final answer to the nearest whole dollar amount.) Interest expense
Interest expense to be recorded on 30 June, 2021 is $2573.67 for 20-year bonds with a face amount of $97,000 for $85,789, priced to yield 6%.
Give a brief account on interest expense.An entity's cost for borrowing money is regarded as an interest expense. On the income statement, interest expense is listed as a non-operating expense. It represents interest that must be paid on all borrowings, including bonds, loans, convertible debt, and credit lines. It is essentially determined by multiplying the debt's outstanding principal amount by the interest rate. Instead of the amount of interest paid during that time, interest expenditure on the income statement shows interest accrued throughout the period covered by the financial statements. Despite the fact that interest costs are tax deductible for businesses, they may not be in the case of an individual, depending on their jurisdiction and the loan's intended use.
To solve the question :
Interest expense on 30 June, 2021:
= $85,789 × 6% × 6/12
= $2573.67
Hence, interest expense to be recorded on 30 June, 2021 is $2573.67.
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Kito makes on online purchase of a guitar case for $39.99, a tuner for $24.99 and picks for $26.99. Taxes are 6% of the total purchase price. Shipping charges are based on the following table:
Kito selects express shipping and the company bills his credit card $105.69 for the total of the online purchase. Determine if Kito has been billed correctly for his purchase.
a.Kito has been billed correctly.
b.Kito has not been charged enough for his purchase.
c.Kito has been over charged by $1.85 for his purchase.
d.Kito has been over charged by $3.40 for his purchase.
It is accurate for the business to charge Kito's credit card $105.69 for his transaction.
The following are the items:$39.99 for a guitar case
Tuner=$ 24.99
Picks= $26.99
The total cost of the items is thus: Total= $39.99+$24.99+$26.99 (before tax).
Total= $91.97
The following results from adding the 6% sales tax to the total cost of the goods:Total= $91.97 ×(1+6%)
Total= $97.49
Kito chooses express shipping.
Given that express delivery costs $8.20 for purchases up to $100, Kito's invoice will be
Bill = 97.47 plus 8.20 = 105.69
According to the query, the business charges his credit card $105.69.
Thus, we can say that (a) Kito has been accurately billed.
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the paris paint company is in the process of planning labor force requirements and production levels for the next four quarters. the marketing department has provided production with the following forecasts of demand for paris paint over the next year:Assume that Paris currently has 80,000 gallons of paint in inventory and would like to end the year with an inventory of at least 20,000 gallons a. Determine the minimum constant workforce plan for Paris Paint and the cost of the plan. Assume that stock-outs are not allowed. b. If Paris were able to back-order excess demand at a cost of $2 per gallon per quar ter, determine a minimum constant workforce plan that holds less inventory than the plan you found in part (a), but incurs stock-outs in quarter 2. Determine the cost of the new plan. c. Formulate this as a linear program. Assume that stock-outs are not allowed. d. Solve the linear program. Round the variables and determine the cost of the resulting plan.
Net demand for the 4 quarters: (380 - 80), 630, 220, (160+20), i.e., 300, 630, 220, 180 So, the demand rises from 300 to 630 and then reduces gradually. The production level should be chosen at the midpoint of 300 and 630 so that the ending inventory
Adam is writing a proposal to the board of directors about an idea he has for a new product line. What should he do to best persuade the members to adopt his idea?
a. Avoid using facts and figures as it may bore or confuse his reader.
b. Show how his proposal will increase company revenues.
c. Avoid mentioning any risks involved because doing so might scare the audience.
d. Adam should do all of these.
Show how your suggestion would boost company revenue.
Give some examples of revenues.Revenues are frequently substituted with the word income. Purchases, service revenue, paid fees, mortgage revenue, and interest income are a few examples of cash receipts. Revenue accounts often contain debit balance because they are paid when services are rendered and invoiced.
Do sales generate revenue?Some businesses incorrectly mix the phrases sales and revenue. Despite the fact that sales are a source of income, not all money does. In reality, they are the same for many businesses. However, some companies consistently generate additional money via their everyday activities.
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The three most popular types of marketable securities are Treasury bills, Certificate of deposit, and:A) Treasury notesB) Corporate bondsC) Commercial paperD) Checking accounts
The three most popular types of marketable securities are Treasury bills, Certificate of deposit, and Treasury notes. Hence, option A is correct.
Marketable securities are investments that can be swiftly converted into cash. These publicly traded stock exchanges and public bond exchanges are where these short-term liquid securities can be purchased or sold. These instruments, which can be either debt or equity, often mature in a year or less. Treasury Bills, Treasury Notes, Treasury Bonds, Treasury Inflation-Protected Securities (TIPS), and Floating Rate Notes are the five categories of marketable Treasury securities that the US Treasury sells (FRNs).
U.S. Treasury securities are primarily used to issue American government debt. Due to their low default risk, these assets, often known as Treasuries, are regarded as the safest investments.
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You are wondering how to explain price elasticity of demand to the management of the Houston Astros baseball team, in user-friendly language. You decide to talk about How demand increases when price is decreased How price decreases when demand is increased How price increases when demand in decreased How demand decreases when price is increased How demand increases when price is decreased and How demand decreases when price is increased are both correct
How demand increases when price is decreased and how price increases when demand in decreased both correct.
What is the connection between supply and demand and price?According to the law of demand, higher prices result in smaller quantities being wanted, whereas lower prices result in bigger quantities being demanded. The link between quantity demanded and price can be summarized using demand curves and schedules. The law of supply and demand combines two fundamental economic concepts to describe how changes in a resource's price affect its supply and demand.
Supply increases as the price rises, but demand drops. When the price drops, however, supply becomes more constrained, and demand increases. Demand for a good or service is inversely related to price, under the rule of demand, provided all other parameters remain constant.
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Last year, 46% of business owners gave a holiday gift to their employees. A survey of business owners indicated that 20% plan to provide a holiday gift to their employees. Suppose the survey results are based on a sample of 60 business owners (a) How many business owners in the survey plan to provide a holiday gift to their employees? (b) Suppose the business owners in the sample do as they plan. Compute the p value for a hypothesis test that can be used to determine if the proportion of business owners providing holiday gifts has decreased from last year. If required, round your answer to four decimal places. If your answer is zero, enter "O". Do not round your intermediate calculations (c) Using a 0.05 level of significance, would you conclude that the proportion of business owners providing gifts has decreased? the null hypothesis. We can conclude that the proportion of business reject owners providing gifts has decreased from 2008 to 2009 What is the smallest level of significance for which you could draw such a conclusion? If required, round your answer to four decimal places. If your answer is zero, enter "O". Do not round your intermediate calculations. The smallest level of significance for which we could draw this conclusion is a=0.05, we reject 3; because p-value less than or equal to the null hypothesis.
Last year, 46% of business owners gave their employees a holiday gift. According to a survey of business owners, 45% intend to give their employees a holiday gift.
How many of the survey's business owners intend to give their employees a holiday gift?The answer is 27 points, which equals 60 times 45 percent on some. 45, which gives you a 27-point part 60 times. Part b is suggested to be 4527 successes.So, basically, we're going to run a 1 prop z test, with our null hypothesis being that it's equal to last year as an alternate. Is that it is less than last year, and we have a p hat of 27 out of 60 points, which we will use to calculate our p value.To learn more about null hypothesis refer to:
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______ focus on solving society's challenges through their businesses.
a. social entrepreneurs
b. classic entrepreneurs
c. change agents
d. atypical entrepreneurs
Option (a), social entrepreneurs concentrate on using their enterprises to address societal issues.
What prioritizations do social entrepreneurs have?The process by which people, companies, and entrepreneurs develop and fund solutions that primarily address social problems is known as social entrepreneurship. An individual who investigates business opportunities that help their community, society, or the entire world is said to be a social entrepreneur.
What links exist between social issues and social business?By addressing a range of social problems, social entrepreneurs seek to better society. But because it can also aim to succeed financially through a cutting-edge business model, this desire does not deviate from financial goals.
What societal problems are social entrepreneurs attempting to solve?Social entrepreneurs usually take the initiative in developing products that are ecologically sustainable, serve the needs of marginalized communities, or focus on philanthropic activities. Through non-profit, for-profit, and hybrid firms, social entrepreneurs promote a wide range of solutions geared toward sustainable development.
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violet, inc., has a 2021 $80,000 long-term capital gain included in its $285,000 taxable income. which of the following is correct? a.Violet will benefit from an alternative tax on net capital gains computation.
b.violet’s regular tax on taxable income is computed because there is no corporate alternative tax on net capital gains approach.
d.Violet’s $80,000 net capital gain is not taxable
d.Violet’s regular tax on taxable income will be greater than its tax using an alternative tax on net capital gain approach
e.None of these.
Violet, inc., has a 2021 $80,000 long-term capital gain which is included in its taxable income. From the following the one which is correct is that, Violet's regular tax on taxable income will be the same as its tax using an alternative tax on net capital gains approach.
There are certain capital gains which are generally included in taxable income, but in most cases, they are seen to be taxed at a lower rate. A capital gain is thus realized when a capital asset which is said to be sold or exchanged at a price higher than its basis.
However, the entire profited amount is said to be qualified for the taxable income and thus it will be then charged a flat 20% tax under long-term capital gain. Thus, it can use net capital gains approach.
Hence, option B is correct.
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Which of the following stages of the five-stage development model for teams is when the team finalizes its work and disbands?
A. adjourning
B. performing
C. forming
D. norming
Option (a), The team adjourns during the adjourning stage of the five-stage development model for teams after completing its task.
What is the final phase of team development?During this final stage of group formation, members begin to make ready to say goodbye. The main goals of the adjourning stage are to close and reach a successful finish. Group members should take some time to reflect on their individual contributions and growth.
Bruce Tuckman coined the term "adjourning" in 1977 to describe the fifth and final stage of group growth, which takes place after a group completes its work before breaking up. It is crucial that team members at this point receive the necessary congratulations and closure for the work they did.
As the meeting comes to an end, the majority of the team's goals have been accomplished. Finalizing unfinished business and documenting work and results are the main priorities. As the workload lowers, specific team members might be moved to other teams, which would cause the team to dissolve.
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TRUE/FALSE. when the growth of the money supply exceeds the growth of production, demand-pull inflation is the result. in other words, money is not backed by faith, or even gold. it is backed up by products.
Demand-pull inflation occurs when the increase of the money supply outpaces the growth of production. In other words, neither gold nor even faith is used to back up currency. True, it is supported by products.
Quiz: What occurs when the money supply rises?Short-term interest rates are lowered by an increase in the money supply. This reduced cost of borrowing money encourages investment spending and moves the AD curve to the right.
What normally happens when a country's money supply expands excessively?-Hyperinflation is always brought on by an excessive increase in the money supply.
What long-term effects does a rise in the money supply have? quizletThe aggregate price level rises once more as a result of an increase in the money supply, but aggregate output has returned to its potential level.
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Open questions are a useful tool for both obtaining crucial information and _____________the interview.
Condensing
Shortening
Softening
Steering
Option c: Open questions are a useful tool for both obtaining crucial information and softening the interview.
The interview consists of a series of questions to understand the candidate's professional and educational background.
Employers can make an impression about your personality, skills and professional qualifications based on the interview.
Open-ended questions are formulated as statements requiring longer answers. Answers can be compared with information already known by the questioner.
Open questions help the interviewer to obtain important information and analyze candidates' methods of thinking. They are also useful in softening the interview.
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During 2022, Blossom Company sold equipment with a book value of $172800 for proceeds of $208800. The company purchased new equipment for $460800 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2022. The investing section of the statement of cash flows will report
a.net cash outflows of $252000.
b.net cash outflows of $424800.
c.net cash inflows of $208800.
d.net cash inflows of $36000.
The investing section of the statement of cash flows will report a net cash inflow of of $208800. Thus, the correct answer is option C.
What is a statement of cash flows?A cash flow statement, also known as a statement of cash flows in financial accounting, is a financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, and divides the analysis into operating, investing, and financing activities.
The investing activities section of the cash flow statement records the activities that include the purchase and sale of long-term assets. The purchase is a cash outflow, whereas the sale is a cash inflow.
In the given case, the sale proceed of equipment is consider in the investing activity i.e. $208800.
Therefore, net cash inflows of $208800 is reported in the investing section of the statement of cash flows.
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Which of the following is not a measure of liquidity? Acid-Test Ratio Current Ratio Gross Profit Ratio Working Capital
Gross Profit Ratio is not a measure of liquidity.
Which three liquidity ratios are there?The current ratio, quick ratio, and cash ratio are the three primary liquidity ratios. Investors and creditors look for companies with liquidity ratios above 1.0 when evaluating a company. A business that has strong liquidity ratios has a higher chance of getting loans.
The acid-test ratio (ATR), usually referred to as the fast ratio, determines how well current assets can cover current obligations to determine a company's liquidity. Only the most liquid current assets that can be converted to cash in 90 days or less are used for calculating the quick ratio.
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name two of the scoring methods you are measured on in the simulation. sales and contribution margin profits and inventory stock price and customer accessibility emergency loans and customer awareness
Identify two of the evaluation criteria used to evaluate you in the simulation. Margin of sales and contribution.
How is product reliability measured?Measuring enables the verification of product reliability. Mean time to failure is the measurement for things that cannot be fixed, such as light bulbs (MTTF). Mean time between failures is the measurement for things that can be fixed, such as digital computers (MTBF).
How is the sales channel's strength assessed?The percentage of a company's wallet that it shares with a particular channel partner and the rank of the company's business among all the channel partner's businesses in terms of value are two ways to gauge the grip or strength of a relationship.
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Economizing requires that any particular good be produced by the nation having the ______ domestic opportunity cost, or the ______ advantage for that good.
O lowest; absolute
O greatest; absolute
O lowest; comparative
O greatest; comparative
c) Economizing requires that any particular good be produced by the nation having the lowest domestic opportunity cost, or the comparative advantage for that good.
This means that the nation must have lower costs for producing the good than other trading nations. In other words, the nation must be able to produce the goods more efficiently and at a lower cost.
Comparative advantage is based on the concept of opportunity cost. Opportunity cost is the number of resources, such as time and money, that are lost when one chooses to produce a particular good.
Nations that can produce a good with the lowest opportunity cost have a comparative advantage. For example, when a nation produces a good at a lower cost than other nations, it has a comparative advantage in that good.
Thus, the nation can sell the goods to other countries at a lower price, making it more competitive. Therefore, it is important for nations to identify their comparative advantage in order to maximize their profits and to competitively produce goods for the international market.
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Which of the following terms refers to the economic circulation of works of art? Art gallery Auction Patronage Art market CONCEPT
Art market refers to the economic circulation of works of art.Through consumer spending and tourism, the arts and culture can help to boost local economies.
What exactly does "art market" in economic circulation mean?The art market is a venue where buyers and sellers exchange goods, services, and pieces of art. The art market operates under an economic model that takes into account factors other than supply and demand. It is a hybrid form of prediction market where art is bought and sold for prices based not only on a work's perceived cultural value but also on both its past monetary value and its anticipated future value. The market has been described as one where producers don't create products primarily for sales and where customers frequently don't understand the worth of the products they purchase.
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You send follow-up emails after you apply for a job. What should a follow-up email do?
Confirm your interest.
Ask about pay and benefits.
Explain how bad your current job is.
Include a copy of your resume.
When follow-up emails are written after applying for a job, the follow - up email should A. Confirm your interest.
What is a follow - up email ?An email to a company you've previously contacted once is referred to as a follow-up email. You may want to send a follow-up email for a variety of reasons, including: Inform a recipient that an email has already been sent. Ask for details, a response, or a response. Remind someone of a crucial time or date (for an occasion, for instance).
Writing a nice follow-up email should primarily focus on being succinct, giving value, and including a call to action. By using these suggestions, you can start receiving responses and stop wasting time sending follow-ups that go unanswered.
A follow up email therefore confirms that you are interested in the company.
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TRUE/FALSE. it is not necessary for a job description to capture every last detailed task that may be encountered in the performance of the job.
It is not necessary for a job description to capture every last detailed task that may be encountered in the performance of the job. This is a true statement.
Why are job descriptions important?A job description's main goals are to make sure the position will satisfy the organization's needs and to help recruit the best candidates. It will be less probable that candidates who don't meet the requirements will apply if you clearly define the requirements for a given post.
Why is the function of job descriptions in the hiring process important?Employers and job applicants can better understand what is expected of them in a particular position thanks to job descriptions and selection process, which also aid in identifying individuals who are a good fit for the role.
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latarsha's coworker has told her that latarsha is more likely to be promoted if she speaks effectively in conversations. which of the following is a good tip for latarsha?
Give supervisors, coworkers, and employees real and targeted praise as a latarsha remedy.
Why is it crucial to compliment and publicly recognize team members?Genuine praise honors accomplishments as well as attempts. It strengthens constructive conduct, increases self-worth and self-assurance, and increases motivation and zeal.
When their contributions to the successes of their teams and the firm as a whole are recognized, employees are more likely to understand how highly their employers value them. Employees are inspired to keep up the good work since it gives them faith in their contribution to the organization.
Why is gratitude so crucial in leadership?Employees who receive frequent praise report better levels of job satisfaction and are more likely to stay on the team. People who receive praise are more likely to receive it back from others.
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When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general contractors are reluctant to specify a formal, fixed price for the procurement. Therefore, these contractors use __________ to compensate them for any cost overruns
O at-market pricing O experience curve pricing O cost-plus-fixed-fee pricing O standard markup pricing
When shopping for highly technical, few-of-a-kind merchandise such as hydroelectric power plants, governments have observed that accepted contractors are reluctant to specify a formal, fixed rate for the procurement. Therefore, these contractors use cost-plus-fixed-fee pricing to compensate them for any price overruns.
Which is an instance of cost-plus fixed charge pricing?A: As an example, a cost-plus contract might also establish that the complete estimated cost of a building challenge is $10 million plus a fixed fee of $1.5 million, roughly 15% of the total cost, as the contractor's profit. So the total fee to the client would be approximately $11.5 million —the fee plus the fee.
Why cost-plus pricing is the best?As long as whoever is calculating the costs per user or item is including everything up correctly, fee plus pricing ensures that the full price of creating the product or enjoyable the carrier is covered, permitting the mark-up to make certain a high-quality rate of return.
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https://brainly.com/question/20734353#SPJ4sunland company has a materials price standard of $2.00 per pound. 6300 pounds of materials were purchased at $2.20 a pound. the actual quantity of materials used was 6300 pounds, although the standard quantity allowed for the output was 6000 pounds. sunland company's materials price variance is
If the standard quantity allowed for the output was 6000 pounds, Sunland company's materials price variance is 920$.
In plain English, what is a variance?The variance is the difference between the numbers in a set of data, to put it simply. Each number's variance is a statistical metric that shows how far off from the mean and from each other number in the set it is.
What is statistics variance?In statistics, variability is measured by variance. It evaluates the mean squared deviation between the data values and the mean. It includes all data points in its calculations by comparing each value to the mean, unlike some other statistical measures of variability.
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A young man believes he has to buy all the newest and most expensive items. When he gets tired of his car or phone, he buys a new one. He is engaging in ______.
A young man feels pressured to buy everything that is brand new and pricey. He replaces them when they wear out, whether it's his phone or his automobile. Conspicuous consuming is something he's doing.
Give an explanation of conspicuous consumption.Conspicuous expenditure is the act of acquiring goods or services expressly to display one's affluence. Conspicuous consumption is a means to show off one's social standing when the goods and services are too pricey for other individuals in the same class to purchase.
Conspicuous consumerism includes things like driving a luxury car, wearing designer apparel, and buying expensive jewelry. It is evident from the aforementioned examples that ostentatious customers commonly acquire goods and services that are out of the price range of those in lower social classes (social status).
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and example of world systems theory would be that a rich country like the us sends some of its dirtiest manufacturing over to countries like china, so the us can then buy back (for cheap) many of those products without having to live with the pollution they created.
Rivals have criticized world-systems theory for being overly centered on the economics, underemphasized on culture, and overly core- and state-centric.
These factors don't make sense when viewed through Wallerstein's nation-centered lens because they operate on a global scale as opposed to a state system.
According to systems theory, a world-system is a socioeconomic system that includes all or part of the world and details the overall structural outcome of all interactions between polities. Although they are not always global, world-systems are typically larger than single states.
1. The Knowledge Economy, first A "knowledge economy" is one where employment requires a high degree of technical and scientific expertise and is characterized by a high level of innovation in both fields.
2. Carbon emissions and climate change politics An uneven transaction underpins the politics of climate change.
3. The Packaged Food Sector and Hidden Hunger
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North Incorporated is a calendar-year C corporation, accrual-basis taxpayer. At the end of year 1, North accrued and deducted the following bonuses for certain employees for financial accounting purposes. . • $7,500 for Lisa Tanaka, a 30 percent shareholder. • $10,000 for Jared Zabaski, a 35 percent shareholder. $12,500 for Helen Talanian, a 20 percent shareholder. $5,000 for Steve Nielson, a 0 percent shareholder. . Unless stated otherwise, assume these shareholders are unrelated. How much of the accrued bonuses can North Incorporated deduct in year 1 under the following alternative scenarios? (Leave no answer blank. Enter zero if applicable. Input all amounts as positive values.) a. North paid the bonuses to the employees on March 1 of year 2. Deductible accrued bonuses Year 1 b. North paid the bonuses to the employees on April 1 of year 2. Deductible accrued bonuses Year 1 c. North paid the bonuses to employees on March 1 of year 2 and Lisa and Jared are related to each other, so they are treated as owning each other's stock in North. d. North paid the bonuses to employees on March 1 of year 2 and Lisa and Helen are related to each other, so they are treated as owning each other's stock in North. Deductible accrued bonuses Year 1
($7,500 + $10,000 + $12,500 + $5,000) for the accrued bonuses, North may subtract $35,000.
What does it mean to be accrued?When referring to interest, profit, or expenses of a person or corporation, the verb "accrue" indicates to accumulate over time. For instance, interest builds up in a retirement fund over time, increasing the account's total balance.
Is accruing the same as unpaid?When a corporation accrues expenses, it signifies that its late payments are growing because the word accumulated means that increase or accumulate. Underneath the accrual method, costs are recorded when they are incurred, not necessarily when they're paid.
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which one of these statements related to chapter 11 bankruptcy is accurate? group of answer choices prepacks apply only to chapter 7, not chapter 11, bankruptcies. senior management must be replaced prior to exiting a chapter 11 bankruptcy. a company can only file for chapter 11 after it becomes totally insolvent. companies sometimes file for chapter 11 in an attempt to gain a competitive advantage. chapter 11 involves the total liquidation of the bankrupt firm.
Senior management must be replaced prior to exiting a chapter 11 bankruptcy is related to chapter 11 bankruptcy and is accurate.
What is bankruptcy?People or other entities who are unable to pay their creditors back can seek some or complete relief from their debts through the legal process known as bankruptcy. Most typically requested by debtor, bankruptcy is imposed by court order in most jurisdictions. An insolvent individual may have other legal statuses as well; hence, the phrase "bankruptcy" is not a synonym for insolvency. Bankruptcy wasn't a thing in ancient Greece. If a man owed money but couldn't pay it back, his wife, kids, or servants were made to work for the creditor as "debt slaves" until the obligation was paid off. This was not the case in Athens, where Solon's rules prohibited slavery as payment for debt, leading to the majority of the city's slave population being foreigners.
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given the information below, what is the gross profit? sales revenue $ 300,000 accounts receivable $ 56,000 ending inventory $115,000 cost of goods sold $243,000 sales returns $29,000
Explanation:
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dalton company uses the allowance method to account for uncollectible receivables. dalton has determined that the irish company account is uncollectible. to write off this account, dalton should debit
The allowance approach is used by Dalton Company to account for uncollectible receivables. The Irish Company Account is Uncollectible, according to Dalton.
Briefing:-Dalton should debit Allowance for Doubtful Accounts and credit Accounts Receivable in order to write off this account..
When a corporation accounts for uncollectible receivables using the allowance method?The Allowance Method credits a contra-asset account called Allowance for Uncollectible Accounts and debits bad debt expenditure during the period that the sale is recorded. The Allowance is debited and Accounts Receivable is credited during the period in which a given account is found to be uncollectible.
What does the direct write-off technique for uncollectible accounts entail?The direct write-off method involves creating a journal entry to credit your accounts receivable account for the same amount and debit your bad debt account for the bad debt.
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i applyed for a job what should i write for my cover letter
A cover letter is a particular type of letter that is attached with other documents and provides a summary of the contents of the other document. Think about submitting a cover letter together with your CV.
How should a Cover Letter be Written?An cover letter that you submit with your resume outlines your career goals and your qualifications for the position you're applying for. Below is a sample of a cover letter:
13 September,
Mr. Woodluck,
Shippers Agency,
New York.
Dear Mr. Woodluck,
Application for Internship Position
I am glad to find the opening for an internship slot at your organization. I am a dynamic graduate of accounting with tested experience of handling complex accounting transactions while maintaining positive results.
If I am considered for this role, I will bring forth my experience in computing which I have garnered through my undergraduate study.
Kindly find attached to this letter, my CV for your perusal.
Warm Regards,
Johnson Smith.
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