The cash collections of accounts receivable for August is $60,000, for September is $151,000 and for October is $209,000.
What is accounts receivables?Accounts receivable refer to the money a company's customers owe for goods or services they have received but not yet paid for.
According to the question, the computation of the given data are as follows:
August September October
Sales Amount $100,000 $185,000 $225,000
Sales on Credit $60,000 $111,000 $135,000
Sales on Cash $40,000 $74,000 $90,000
So collection of cash are as follows:
Aug. credit sales $20,000 $40,000
Sep. credit sales $37,000 $74,000
Oct. credit sales $45,000
Total cash $60,000 $151,000 $209,000
Therefore, a schedule indicating cash collections of accounts receivable for August, September, and October is prepared.
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12. Taylor Industries had a fire and some of its accounting records were destroyed.
Available information is presented below for the year ended December 31.
Materials inventory, December 31 $ 15,000
Direct materials purchased 28,000
Direct materials used 22,900
Cost of goods manufactured 135,000
Additional information:
Factory overhead is 150% of direct labour cost
Finished goods inventory decreased by $18,000 during the year
Work in process inventory increased by $12,000 during the year
Calculate:
(a) Materials inventory, January 1
(b) Direct labor cost
(c) Factory overhead incurred
(d) Cost of goods sold
Materials inventory, 1st January $ 9,900
Direct Labor $ 40,040
Factory Overhead $ 60,060
Cost of goods sold $ 117,000
Define Inventory?Inventory refers to all of the items, goods, merchandise, and materials held by a business for the purpose of reselling in the market for a profit.Inventory refers to the goods and materials that a company acquires, produces, or manufactures for the purpose of manufacturing, selling, or exchanging. Also known as trading stock. Simple Inventory Control is a professional stock control, inventory management, and tracking software for small to medium businesses with one or more locations.Inventory management assists businesses in determining which and how much stock to order and when. It tracks inventory from purchase to sale. The practice identifies and responds to trends to ensure there is always enough stock to fulfill customer orders and proper warning of a shortage.To learn more about Inventory refer to:
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The functions of a ______________ are to select transport providers, develop tracking and other information systems, design packaging, storage, and material handling processes, and manage interactions with transportation providers.
A logistics manager or logistics coordinator is responsible for these functions like managing interactions with transportation providers.
A logistics manager is responsible for overseeing the movement and storage of goods and materials. This includes selecting transportation providers, such as trucking companies or shipping lines, to move the goods from one location to another. They also develop tracking and other information systems to monitor the progress of shipments and ensure they are delivered on time. Additionally, they design packaging, storage, and material handling processes to ensure that goods are properly handled and stored. Particularly, they manage interactions with transportation providers to ensure that all logistics activities are running smoothly and efficiently. In other words, their main function is to plan, implement and supervise all aspects of the logistics process to make sure the goods or materials are shipped, stored, and delivered on time, in the most cost-effective way.
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In which of the following situations would monetary policy be least effective?
a. controlling inflation
b. slowing expansion
c. controlling inflation and recession
d. controlling recession
Answer:
Explanation:
Keeping rates very low for prolonged periods of time can lead to a liquidity trap. This tends to make monetary policy tools more effective during economic expansions than recessions.
so Answer D is right.
it addresses how financial resources are obtained, allocated, and managed by a person, a business organization, or a governmental entity.
Financial management addresses how financial resources are obtained, allocated, and managed by a person, a business organization, or a governmental entity.
The goal of financial management is to maximize the value of the organization by making effective and efficient use of its financial resources. This involves making decisions about investments, financing, and the distribution of profits to stakeholders. Financial management plays a critical role in the long-term success of an organization and requires a strong understanding of financial markets, financial instruments, and the behavior of financial institutions.
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unilever offers its dove brand of body wash to several groups: one geared toward women, one for men, and one for babies. by taking the overall market and dividing it into smaller, similar groups, unilever is engaged in blank .
Unilever offers its dove brand of body wash to several groups: one geared toward women, one for men, and one for babies. by taking the overall market and dividing it into smaller, similar groups, Unilever is engaged in market segmentation.
What is the significance of market segmentation?Marketers can use time, money, and other resources more effectively by segmenting their customers. Market segmentation enables businesses to understand their clientele. They are able to tailor campaigns to the customer segments most likely to make purchases because they have a better understanding of the needs and wants of their customers.
Companies divide their potential customers into various categories through a process called market segmentation. This enables more precise targeting across various marketing campaigns by enabling the company to allocate the right resources to each distinct segment.
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Read each statement pertaining to the case. Then, select the part of a system that the statement best represents.
1. Floats, boogie boards, umbrellas, and lounge chairs
Inputs
2. Customers' great vacation experiences
Outputs
3. Customers approach the rental wagon to inquire about rates and rent the items
Inputs Incorrect
4. Employees' helpful and friendly attitudes
Transformational processes Incorrect
5. Asking current customers what would make their rental experience better
Feedback
6. Employee brings the umbrella to the customer's location and sets it up
Outputs Incorrect
7. Sam's profitability returning to record-high levels
Feedback Incorrect
8. Current customers' comments about their experiences
Feedback
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Murphy manufacturing estimated total manufacturing a overhead for 2017 to be $100,000 and uses direct labor-hours as the allocation base. They estimated that 5,000 hours would be used. Actual overhead for 2017 was $120,000 and actual direct labor-hours were 7,500. How much overhead for 2017 was applied to a job completed during 2017 that used 200 direct labor-hours?
$4,000 of overhead for 2017 was applied to a job completed during 2017 that used 200 direct labour-hours.
What is overhead?The term "overhead" describes ongoing business costs that aren't directly connected to providing a good or service. It is crucial for budgeting and for figuring out how much a business must charge for its goods or services in order to turn a profit. In a nutshell, overhead is any expense incurred to support the business but not directly related to a particular good or service.
Regardless of how much or how little a business sells, it must continually pay overhead. For instance, in addition to the direct costs of providing its service (such as labour and supplies), a service-based business with an office has overhead costs like rent, utilities, and insurance.
The predetermined overhead rate = $100,000 ÷ 5,000 direct labour-hours = $20 per direct labour-hour.
The overhead applied to the job = $20 per direct labour-hours ×200 direct labour-hours = $4,000.
Thus, $4,000 of overhead for 2017 was applied to a job completed during 2017 that used 200 direct labour-hours.
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When tax rates are constant, taxpayers should ______ tax deductions and ______ recognizing taxable income.
accelerate; defer
When tax rates are constant, taxpayers should accelerate tax deductions and defer recognize taxable income.
Taxes have several benefits, including:
Funding for public goods and services such as infrastructure, education, and health.Reduction of income inequality by redistributing wealth through transfer programs.Economic stabilization through fiscal policy, such as adjusting government spending during an economic downturn.Encouraging certain behaviors, such as investing in renewable energy, through tax incentives.Maintenance of the government's ability to carry out its responsibilities and fulfill its obligations to citizens.Facilitate the democratic process by providing a stable source of funding for the government.Taxes are mandatory payments made by individuals and businesses to the government. Money raised through taxes is used to fund public goods and services, such as infrastructure, education, and health. Taxes can take several forms, including income taxes, sales taxes, property taxes, and others. The amount of tax paid, and the specific tax charged, may vary depending on jurisdiction and individual circumstances. The government uses taxes to carry out its responsibilities and fulfill its obligations to citizens.
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which of the following statements regarding employees today is accurate? question 6 options: the majority of employees have children under 18. most people still enjoy work and want to excel at it. remaining with a single employer is a top priority. personal success is defined only in terms of financial gains. next page
Most people still enjoy work and want to excel at it. remaining with a single employer is a top priority.
Which of the following is a human resource dilemma that businesses must resolve as a result of globalization?
Because of globalization, businesses must now weigh a complex range of factors relating to many geographies, including various cultures, employment regulations, and business practices, as well as the security of personnel and facilities abroad.
Which of the following is not the main effect that technology has had on human resource management?
It has reduced the importance of managers in leading staff. The provision of a direct access to job sources like Monster.com is excluded from the operational influence of information technology on HRM.
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A taxpayer (payor ex-spouse) is required to pay an ex-spouse (recipient ex-spouse) alimony of $12,000 per year, Determine how much alimony is deductible by the payor ex-spouse and how much alimony is recognized as income by the recipient ex-spouse based on the following information: If an answer is zero, enter "o". a. Deductible by Includable by Details payor recipient The payments are made in 2017 as part of a divorce decree executed in 2016. b. The payments are made in 2018 as part of a divorce decree executed in 2016.
c. The payments are made in 2018 as part of a divorce decree executed in 2018. The decree makes no mention of the TCJA provisions. d. The payments are made in 2019 as part of a divorce decree executed in 2018. The divorce decree is modified in 2019 to explicitly apply the provisions of the TCJA e. The payments are made in 2019 as part of a divorce decree executed in 2016. f. The payments are made in 2019 as part of a divorce decree executed in 2019.
a. Deductible by payor ex-spouse, Includable by recipient ex-spouse - Payments made in 2017 as part of a divorce decree executed in 2016 are deductible by the payor ex-spouse and includable by the recipient ex-spouse.
b. Deductible by payor ex-spouse, Includable by recipient ex-spouse - Payments made in 2018 as part of a divorce decree executed in 2016 are deductible by the payor ex-spouse and includable by the recipient ex-spouse.
c. Deductible by payor ex-spouse, Includable by recipient ex-spouse - Payments made in 2018 as part of a divorce decree executed in 2018 are deductible by the payor ex-spouse and includable by the recipient ex-spouse.
d. Not Deductible by payor ex-spouse, Includable by recipient ex-spouse - Payments made in 2019 as part of a divorce decree executed in 2018 are not deductible by the payor ex-spouse but are includable by the recipient ex-spouse.
This is because the divorce decree was modified in 2019 to explicitly apply the provisions of the Tax Cuts and Jobs Act (TCJA) which suspended the deductibility of alimony payments for divorce decrees executed after December 31, 2018.
e. Not Deductible by payor ex-spouse, Includable by recipient ex-spouse - Payments made in 2019 as part of a divorce decree executed in 2016 are not deductible by the payor ex-spouse and are includable by the recipient ex-spouse, as the TCJA suspended the deductibility of alimony payments for divorce decrees executed after December 31, 2018.
f. Not Deductible by payor ex-spouse, Includable by recipient ex-spouse - Payments made in 2019 as part of a divorce decree executed in 2019 are not deductible by the payor ex-spouse and are includable by the recipient ex-spouse, as the TCJA suspended the deductibility of alimony payments for divorce decrees executed after December 31, 2018.
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the manager of a burger restaurant faces conflict when she must decide whether to cut hours for all employees or layoff two employees.
True, the manager of a burger restaurant faces a trade off in deciding whether to cut hours for all employees or lay off two employees.
Making decisions entails comparing the cost and benefit analysis with alternative courses of action, which is known as the opportunity cost of an item. Thus, the opportunity cost of an item is what you give up to get that item.
Hence, the manager has to compare the cost and benefits of the reduction in the hours for all employees with the alternative cost of action i.e. layoff two employees. The decision will be based on many factors like which of the above actions will increase the output, profits and reduction in costs.
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Which of the following is not an example of a situation in which a contract may be discharged by operation of law?
O Impossibility
O Bankruptcy
O Frustration of purpose
O Conditions of the contract are not met
D) Conditions of the contract are not met s not an example of a situation in which a contract may be discharged by operation of law.
A contract may be discharged by operation of law under certain circumstances, such as impossibility, bankruptcy, and frustration of purpose.
Impossibility occurs when an event makes it impossible for either party to fulfill its obligations under the contract. Bankruptcy results in the discharge of certain contracts and obligations of the bankrupt party. The frustration of purpose occurs when the purpose of the contract is destroyed by an unforeseeable event.
However, the mere failure of one party to meet the conditions of the contract, such as failure to make payments or perform other obligations, does not discharge the contract by the operation of law. In this case, the non-breaching party must seek legal remedies, such as a court order to enforce the contract or compensation for damages.
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Identify each of the following items as assets, liabilities, or equity from the drop down provided. G 1. Computer equipment 2. Wages payable 3. Dividends 4. Equipment 5. Salaries payable 6. Land Assets Equity Liabilities
Identify each of the following items as
1. Computer Equipment - Assets
2. Wages payable - Liabilities
3. Dividends - Current Liability
4. Equipment - Assets
5. Salaries payable - Liabilities
6. Land - Assets
7. Equity - Liabilities
What is an asset?An asset is considered a resource of the business that has an economic value in the future to the business which helps business activities to take place smoothly.
This is referred to as owning the business to carry out natural functioning. Both fixed and current assets are included. In contrast to current assets, which include creditors and bill receivables, fixed assets include things like buildings, machinery, and land.
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The following are the trial balance and other information related to Soft Tech, a
consulting engineer.
Soft Tech, Consulting Engineer
Trial Balance
December 31, 2022
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 1,500
Supplies 3,920
Prepaid Insurance 2,200
Equipment 50,000
Accumulated Depreciation—Equipment 12,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 200,000
Rent Expense 19,500
Salaries and Wages Expense 61,000
Utilities Expense 2,160
Office Expense 1,440
Br. 332,420 Br. 332,420
Other data:
1. Fees received in advance from clients Br.12,000.
2. Services performed for clients that were not recorded by December 31,
Br.9,800.
3. Bad debt expense for the year is Br.2,860.
4. Insurance expired during the year Br.960.
5. Equipment is being depreciated at 10% per year.
6. Fine Tech gave the bank a 90-day, 10% note for Br.14,400 on December 1,
2022.
7. Rent of the building is Br.1,500 per month. The rent for 2022 has been
paid, as has that for January 2023.
8. Salaries and wages earned but unpaid December 31, 2022, Br.5,020.
Instructions
a. From the trial balance and other information given, prepare annual
adjusting entries as of December 31, 2022.
b. Prepare the worksheet
c. Prepare an income statement for 2022, a statement of owner’s equity,
and a classified statement of financial position.
d. Maintain the necessary closing entry.
From the trial balance and other information given, the annual adjusting entries as of December 31, 2022 are prepared.
What are adjusting entries?Accounting journal entries made at the end of an accounting period after a trial balance has been prepared are referred to as adjusting entries. It enables us to allocate revenues and expenses to the fiscal period in which they occurred.
a. Adjusting Entries
1. Unearned Service Revenue:
Debit Service Revenue 12,000
Credit Unearned Service Revenue 12,000
2. Accrued Salaries and Wages:
Debit Salaries and Wages Expense 5,020
Credit Salaries Payable 5,020
3. Depreciation Expense:
Debit Depreciation Expense 5,000
Credit Accumulated Depreciation—Equipment 5,000
(Calculation: 50,000 x 10% = 5,000)
4. Supplies Expense:
Debit Supplies Expense 3,920
Credit Supplies 3,920
5. Insurance Expense:
Debit Insurance Expense 960
Credit Prepaid Insurance 960
6. Bad Debt Expense:
Debit Allowance for Doubtful Accounts 2,860
Credit Bad Debt Expense 2,860
7. Revenue Recognition:
Debit Unearned Service Revenue 9,800
Credit Service Revenue 9,800
b. Trial Balance (Adjusted)
Debit Credit
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 4,360
Supplies -
Prepaid Insurance 1,240
Equipment 50,000
Accumulated Depreciation—Equipment 17,500
Notes Payable 14,400
Share, Capital 104,020
Dividend 34,000
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Unearned Service Revenue -
Salaries Payable -
Br. 377,680 Br. 377,680
c. Financial Statements
Income Statement for 2022
Service Revenue 209,800
Rent Expense 19,500
Salaries and Wages Expense 66,020
Utilities Expense 2,160
Office Expense 1,440
Depreciation Expense 5,000
Bad Debt Expense 2,860
Insurance Expense 960
Total Expenses 97,880
Net Income 112,920
Statement of Owner’s Equity
Capital, January 1, 2022 104,020
Net Income 112,920
Dividend 34,000
Capital, December 31, 2022 150,940
Classified Statement of Financial Position
Assets
Cash Br. 59,000
Accounts Receivable 99,200
Allowance for Doubtful Accounts Br. 4,360
Prepaid Insurance 1,240
Equipment 50,000
Accumulated Depreciation—Equipment 17,500
Total Assets 231,300
Liabilities
Notes Payable 14,400
Salaries Payable 5,020
Total Liabilities 19,420
Owners’ Equity
Capital 150,940
Total Liabilities and Owners’ Equity 231,300
d. Closing Entries
Debit Service Revenue 209,800
Credit Revenue 209,800
Debit Expense Accounts 97,880
Credit Income Summary 97,880
Debit Income Summary 112,920
Credit Capital 112,920
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When there are two people and each is capable of producing two goods, it is possible for one person to have a comparative advantage over the other in both goods. True or False
It is FALSE to state that when there are two people and each is capable of producing two goods, it is possible for one person to have a comparative advantage over the other in both goods.
What is comparative advantage?In an economic model, agents have a comparative advantage over others if they can produce that good at a lower relative investment return or autarky price, i.e. at a lower relative marginal cost prior to trade.
The law of comparative advantage is commonly given to David Ricardo, who outlined the idea in his book "On the Principles of Political Economy and Taxation," which was published in 1817. The concept of comparative advantage, on the other hand, may have evolved with Ricardo's mentor and editor, James Mill, who also published on the issue.
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The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. The owner collects data on temperature and sales for a random sample of 30 days and runs a regression to determine if there is a relationship between temperature (in degrees) and ice cream sales. The p-value for the two-sided hypothesis test is 0.04. How would you interpret the p-value?
If there is no relationship between temperature and sales, the chance of selecting a sample this extreme would be 4%.
The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. 4)There is a 4% chance that there is no relationship between temperature and revenue.
Given that the proprietor of an ice cream business wants to know if there is a link between ice cream sales and temperature.
The owner collects temperature and sales data for a 30-day random sample and performs a regression to see if there is a relationship between temperature (in degrees) and ice cream sales.
A) The p value represents the likelihood of rejecting the null hypothesis when it is true.
The null hypothesis in this situation would have been that there is no association between temperature and sales.
The likelihood of concluding that there is a relationship between temperature and sales when there is none exists is merely 0.04.
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Correct question:
The owner of an ice cream shop wants to determine whether there is a relationship between ice cream sales and temperature. The owner collects data on temperature and sales for a random sample of 30 days and runs a regression to determine if there is a relationship between temperature (in degrees) and ice cream sales. The p-value for the two-sided hypothesis test is 0.04.
A. How would you interpret the p-value?
1)If there is no relationship between temperature and sales, the chance of selecting a sample this extreme would be 4%.
2)If there is a relationship between temperature and sales, the chance of seeing a regression coefficient this large would be 4%.
3)There is a 4% chance that there is a relationship between temperature and revenue.
4)There is a 4% chance that there is no relationship between temperature and revenue.
radford is a small company that manufactures automobile bearings. managers at the company must make decisions on the kind and the cost of equipment to buy. sadler works for an investment bank and makes decisions about the sale of new common stock by abcl inc. nicholas works for a financial advising firm. he must create a financial plan and come up with a list of securities in which his client can invest. nicholas must make decisions regarding the investments that he should recommend to his clients to include in their portfolio.
All three individuals are involved in making critical financial decisions that will impact the success of their companies or clients. Their decisions must be based on sound financial analysis and must take into account the current economic and market conditions.
They must have a strong understanding of financial principles and be able to analyze and interpret financial data in order to make informed decisions.
Financial analysis is a process of evaluating the financial health and performance of an organization or business. It involves the examination of financial data, such as income statements, balance sheets, and cash flow statements, to determine the financial position and future prospects of the organization. The purpose of financial analysis is to provide stakeholders with information about the company's financial performance, such as its profitability, liquidity, and solvency.
Financial analysis can be performed by internal financial analysts or by external financial institutions such as banks, credit rating agencies, and investment firms. Financial analysis helps stakeholders make informed investment and lending decisions, identify areas for improvement, and understand the financial risks associated with the organization.
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Aschli, a member, prepares individual tax returns for about 300 clients during the year. In addition, she prepares approximately 50 business returns. Aschli uses three full-time and two per-
diem tax preparers during the busy season to assist her in the preparation of the aforementioned tax returns. Sean Williams has been going to Aschli for the past five years to have joint tax
returns prepared for himself and his wife Madison. Their tax returns for the year 20X6 were completed and filed on April 12, 20X7. Sean and Madison have decided to get a divorce and on
June 16, 20X7 Aschli receives a request from Sean for copies of previously filed tax returns and supporting schedules. On July 12, 20X7 Aschli receives a request from Madison for copies of
the same returns and supporting schedules. Aschli has never met nor spoken to Madison Williams at any time during Aschli's engagement to prepare the joint tax returns for Sean and
Madison Williams. In addition, Sean Williams has requested that information not be provided to Madison Williams. Which of the following statements is true regarding Aschli's obligation to
provide copies to both Sean and Madison Williams as it relates to the rules regarding client confidential information?
C) Since Aschli has never met nor spoken to Madison Williams, Aschli is not obligated to provide copies of returns to her and such disclosure would violate confidentiality rules.
C) Madison Williams must provide Aschli with a legally enforceable subpoena before Aschli can provide Madison with copies of tax returns.
C) Since Aschli has worked exclusively with Sean Williams over the years, Aschli has no obligation to provide copies of returns to Madison Williams and such disclosure would violate confidentiality
rules.
C) None of the above
Since Aschli has worked exclusively with Sean Williams over the years, Aschli has no obligation to provide copies of returns to Madison Williams and such disclosure would violate confidentiality rules. The correct option is C.
Why is it called a tax return?The word "return" has several definitions, including official reports. An income tax return is, in this sense, a legally required report of pertinent financial information.
About 300 clients receive individual tax return preparation services from member Aschli each year. Additionally, she completes about 50 business tax returns. During the busy season, Aschli employs two per-diem and three full-time tax preparers to help her with the aforementioned tax returns.
Thus, the ideal selection is option C.
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True or False, one disadvantage of forming a corporation rather than a partnership is that this makes it more difficult for the firm's investors to transfer their ownership interests.
One disadvantage of forming a corporation rather than a partnership is that this makes it more difficult for the firm's investors to transfer their ownership interests. The statement is False.
What is a partnership?When two or more two people come up with the objective to manage the operation of a business by making an alliance by sharing capital for investment and profit or loss of the organization. The collaboration is said to be a partnership.
A corporation is a business organization where financial investments are made by stockholders in return for a portion of the organization's profits or ownership.
Therefore, the statement is false.
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Kemp Corporation’s income statement for the year ended December 31, year 7, shows pretax income of $500,000. The following items are treated differently on the tax return and on the accounting records.
Tax Return Accounting Records
Rent income $ 35,000 $ 60,000
Depreciation expense 140,000 110,000
Premium on officer's life insurance none 45,000
Kemp’s tax rate for year 7 is 40%. What is the current portion of Kemp’s total income tax expense for year 7? $218,000
$200,000
$196,000
$178,000
The current portion of Kemp’s total income tax expense for year 7 is option c $ 196,000.
On a company's income statements, pretax earnings are displayed as "Earnings Before Taxes." For the purpose of calculating tax for financial statement purposes, it is the sum to which the corporation tax rate is applied. The Generally Accepted Accounting Principles are used to calculate pretax earnings (GAAP).
Pretax Income $500,000
Add: Accounting Expenses
Depreciation expense $110,000
Premum $45,000
Less: Accounting incomes $60,000
Less: Tax Expenses
Depreciation expense $140,000
Premium $0
Add: Tax Income [Rent] $35,000
Taxable Income $490,000
Tax rate 40%
Current Income Tax $196,000
$196,00 is the current portion of Kemp’s total income tax expense for year 7.
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Customer relationship management CRM the process of identifying prospective buyers, understanding them intimately, and developing favorable long term perceptions of the organization and its offerings so that buyers will choose them in the marketplace.
Customer relationship management (CRM) is a strategic approach that leverages technology and data to build stronger, more profitable relationships with customers. By understanding customers better and delivering a positive customer experience, organizations can increase customer loyalty, boost revenue, and achieve long-term success.
Customer Relationship Management (CRM) is a business strategy that focuses on managing and improving interactions between a company and its customers. This is accomplished by utilizing technology and data to understand customer behavior, preferences, and needs. The goal of CRM is to develop and maintain long-term relationships with customers by providing them with personalized and high-quality service and support. CRM helps companies to manage customer data, track sales and marketing efforts, and improve customer engagement and loyalty.
By using CRM, companies can better understand their customers, track their buying habits and behavior, and develop targeted marketing and sales strategies. By improving customer relationships, companies can increase customer satisfaction and retention, as well as improve the overall efficiency and profitability of their business. In today's competitive business environment, effective CRM is essential for success.
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Mortgage-backed securities were created when ________ began buying mortgage loans from originators and bundling them into large pools that could be traded like any other financial asset.
A. GNMA B. FNMA C. FHLMC D. FNMA and FHLMC
E. GNMA and FNMA
Mortgage-backed securities were created when FNMA (Federal National Mortgage Association) and FHLMC (Federal Home Loan Mortgage Corporation) began buying mortgage loans from originators and bundling them into large pools that could be traded like any other financial asset. So option C and D are correct.
A mortgage-backed security (MBS) is a type of investment that is backed by a pool of mortgage loans. It is created by purchasing mortgage loans from originators (such as banks and mortgage companies) and then bundling them together into a large pool. The pool of loans is then divided into individual securities, each of which represents an ownership interest in the pool of loans. These securities can be bought and sold just like any other financial asset, such as stocks or bonds.
FNMA (Federal National Mortgage Association) and FHLMC (Federal Home Loan Mortgage Corporation) are government-sponsored entities that were created to provide stability to the mortgage market by purchasing mortgage loans from originators and creating mortgage-backed securities. This allows originators to free up capital to make new loans, and also provides investors with a new type of investment that provides a steady stream of income from mortgage payments.
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Sydney needs to borrow money to buy a home. Suppose that the saving rate in the country is expected to decrease. Assuming nothing else changes, this means that if Sydney borrows now, her cost of borrowing money is expected to increase due to the following factor: a. Falling Interest rates
b. Increasing preferences for future consumption
c. Increasing preferences for current consumption
If Sydney borrows now, her cost of borrowing money is expected to increase due to the b) Increasing preferences for future consumption.
When the saving rate in a country decreases, it means that people are spending more and saving less. This increased demand for borrowing will put upward pressure on interest rates, making it more expensive for Sydney to borrow money.
This increase in the cost of borrowing is due to the fact that when the future demand for loans increases, people become less willing to lend their money at a lower rate, and so they demand a higher return. This is reflected in higher interest rates, which are an indicator of the cost of borrowing money.
The decrease in the saving rate and the increase in the demand for loans lead to increasing preferences for future consumption, which in turn causes an increase in the cost of borrowing for Sydney.
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Discus the difference and similarities between Share capital, Term loans, Bonds, Deferred credit, Incentive sources, and Miscellaneous sources. Elaborate them with enough example based on our country Ethiopia.
A bond is a fixed-income instrument representing a loan made by an investor to a borrower that could be firms or government. They pay interest annually. A loan is a debt-instrument provided by financial institutions or banks to individuals or corporates.
The biggest similarity between stocks and bonds is that both of them are financial securities sold to investors to raise money. With stocks, the company sells a part of itself in exchange for cash. With bonds, the entity gets a loan from the investor and pays it back with interest.
Shares are part-ownership in a company, bonds are IOUs
Simply put, when an investor buys shares they are buying part of a company; when they buy bonds, they are lending money to a company. Shareholders OWN part of a company whereas bondholders are OWED money by a company.
Deferred credit is money that is received by a company but not immediately reported as income because it has not yet been earned.
An incentive is an object, item of value, or desired action or event that spurs an employee to do more of whatever was encouraged by the employer through the chosen incentive.
Are there any black diagnostics in BlockWorks relating to Syd's health insurance?
No, there are no black diagnostics related to health insurance. There is a black diagnostic to calculate Roman's CHIP insurance.
What is the meaning of Insurance?Insurance is a tool for risk management. You purchase protection against unforeseen financial losses when you purchase insurance. If something unpleasant happens to you, the insurance company pays you or another individual of your choosing. If you don't have insurance as well as an accident occurs, you can be liable for all expenses.
The insurance company (insurer), as well as the person, are the two parties to the legal agreement that governs insurance (insured). In this, the insurance provider guarantees to cover the insured's damages should the insured scenario materialize. The contingency is the loss-producing circumstance.
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What are the major differences between sales-based and communications-based advertising objectives?
Which of the following statements is true about marketing?
a. Marketing activities are relatively stable over time.
b. It always creates value for the firm.
O
c. All types of organizations need marketing.
O d. Marketing prevents the consumption of harmful products.
Oe. It is the best paying job in management.
Answer:
C. All types of organizations need marketing.
Explanation:
sofia (single) is a 50 percent owner in beehive llc (taxed as a partnership). sofia does not do any work for beehive. beehive llc reported $600,000 of taxable business income for the year (2022). before considering her 50 percent business income allocation from beehive and the self-employment tax deduction (if any), sofia's adjusted gross income is $150,000 (all employee salary). sofia has $35,000 in itemized deductions. answer the following questions for sofia.
Sofia's taxable income for the year 2022 will be $455,000. This is calculated as follows:
Her adjusted gross income (AGI) from her employee salary is $150,000.
Her 50% allocation from Beehive LLC is $600,000 x 50% = $300,000.
Her AGI before itemized deductions is $150,000 + $300,000 = $450,000.
She has $35,000 in itemized deductions, reducing her AGI to $415,000.
Finally, the self-employment tax deduction, if any, will further reduce her taxable income, but it is not specified in the information provided.
Sofia must pay income tax on her share of Beehive LLC's income, even though she does not perform any work for the company. As a partner in the business, she is responsible for paying taxes on her portion of the company's profits.
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After graduation from Accounting & Finance department of ZBC, Million Getaneh entered private practice. The transactions of the business Nov.1 through Nov.30 are as follows:
Nov. 1. Million invested Br.25, 000 in his newly organized business MG Consulting.
Nov 5. Paid Br.6, 000 for rent for three months starting Nov.1.
Nov 9. Purchased office supplies for Br.12, 000; paid 10,000 of the amount & the remaining to be paid at future date.
Nov 15. Purchased Br.4000 of equipment on credit making a 25% down payment.
Nov 18. Delivered tax advisory service for a fee of Br.8000 to Shell Ethiopia plc.
Nov 21. Made a partial payment of Br. 3,000 on the equipment Purchased Nov.15. Nov 30. Determined & recognized the used portion of Supplies, Br.8, 000 & rent expired Br.5,000.
required
A. Journalize the above transactions?
B. Post it on ledger?
C. Prepare trial balance?
D. Prepare financial statements?
The proper Solution for the given Data set of the Balance sheet is provided below.
What is a Balance sheet?The term balance sheet refers to a financial statement that reports a company's assets, liabilities, and shareholder equity at a specific point in time.
1) A. The balance of the owner's equity at the beginning of the period can be calculated by subtracting the liabilities (beginning of the year) from the assets (beginning of the year).B. The balance of assets at the beginning of the year can be calculated by adding the revenue for the year, and additional investment during the period, and subtracting the expenses for the year and withdrawals for the year.
2. A. The owner's equity balance on Jan.1, 19x1 is Br.25,000 and on Jan.31, 19x1 is Br.25,000 + Br.11,000 = Br.36,000.B. The net income or net loss of the business is a net loss of Br.1,500 (withdrawal).
C. The net income or net loss of the business is a net loss of Br.6500 + Br.1500 = Br.8,000 (additional investment + assets taken out of the business).
3. A. Journalizing the transactions:Nov 1: Cash 25,000, Capital 25,000
Nov 5: Rent Expense 6,000, Cash 6,000
Nov 9: Office Supplies 12,000, Accounts Payable 2,000, Cash 10,000
Nov 15: Equipment 4,000, Accounts Payable 4,000, Cash 1,000
Nov 18: Service Revenue 8,000, Cash 8,000
Nov 21: Equipment 3,000, Accounts Payable 1,500, Cash 1,500
Nov 30: Office Supplies Expense 8,000, Rent Expense 5,000.
The balance of assets at the beginning of the year
B. Posting on ledger:Debit Credit
Office Supplies 12,000 Accounts Payable 2,000
Equipment 4,000 Accounts Payable 4,000
Service Revenue 8,000 Cash 8,000
Equipment 3,000 Accounts Payable 1,500
Office Supplies Expense 8,000 Office Supplies 12,000
Rent Expense 6,000 Rent Expense 5,000
Cash 10,000 Office Supplies 2,000
Cash 6,000 Rent Expense 6,000
Cash 1,000 Equipment 1,000
Cash 1,500 Equipment 1,500
C. Trial balance:Debit Credit
Cash 25,000 Cash 25,000
Capital 25,000 Capital 25,000
Equipment 4,000 Equipment 4,000
Service Revenue 8,000 Service Revenue 8,000
Office Supplies 12,000 Office Supplies 12,000
Rent Expense 11,000 Rent Expense 11,000
Accounts Payable 7,500 Accounts Payable 7,500
D. Financial statements are not provided.Learn more about the Balance sheet here:
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Complete Question:
Consider the following data extracted from the records of Damot Construction co. &
answer the questions that follow.
Assets (end of the year)……………………………….Br.155, 000
Liabilities (end of the year)…………………………………35, 000
Liabilities (beginning of the year)……………………….…45,000
Additional Information
Withdrawals for the year…………………………………...15, 000
Revenue for the year………. ………………………………..20,000
Expenses for the year…………………………………………15,000
Additional investment during the period……………......25,000
A. The balance of owner’s equity at the beginning of the period.
B. The balance of assets at the beginning of the period.
2. Juilate Auditing firm started operation as of Jan.1,19x1 with a total property of Br.25,000
fully claimed by the owner, Ato Bebisha. After one month’s operation as of Jan.31,19x1, the
total assets of the business increased by Br.11,000.The total creditor’s claims on the same date
account for 20% of the total assets.
Required
A. Compute the owner’s equity balance on Jan.1, 19x1 & Jan.31, 19x1.
B. Assume that there was no additional investment during the period but a withdrawal of Br.1,
500 was made. What is the net income or net loss of the business? (Identify the figure as
net income or a net loss.)
C. Assume that the additional investment &b assets taken out of the business by the owner are
Br.6500 & Br.1500 respectively. Then what is the net income or net loss of the business?
(Identify the figure as net income or net loss).
3. After graduating from the Accounting & Finance department of ZBC, Million Getaneh entered
private practice. The transactions of the business from Nov.1 through Nov.30 are as follows:
Nov. 1. Million invested Br.25, 000 in his newly organized business MG Consulting.
5. Paid Br.6, 000 for rent for three months starting Nov.1.
9. Purchased office supplies for Br.12, 000; paid 10,000 of the amount & the remaining
to be paid at future date.
15. Purchased Br.4000 of equipment on credit making a 25% down payment.
18. Delivered tax advisory service for a fee of Br.8000 to Shell Ethiopia plc.
4 | P a g e
21. Made a partial payment of Br. 3,000 on the equipment Purchased on Nov.15.
30. Determined & recognized the used portion of Supplies, Br.8, 000 & rent expired
Br.5,000.
Required
A. Journalize the above transactions?
B. Post it on the ledger?
C. Prepare trial balance?
D. Prepare financial statements?
Which of the following ensures that an employee accesses the minimum amount of data necessary to complete his/her job?
A: Data privacy ensures that employees access the minimum amount of data necessary to complete their job.
Data privacy refers to the protection of personal information and ensures that this information is treated confidentially and with respect for the individuals concerned. It typically involves implementing technical and organizational measures to control and secure access to sensitive information.
While data privacy is important for protecting individuals' personal information, it does not necessarily ensure that employees only access the minimum amount of data necessary to complete their job. That goal is more closely related to the principle of least privilege (POLP), which limits access to only the information and resources that an employee needs to perform their job responsibilities.
"
Complete question
Which of the following ensures that an employee accesses the minimum amount of data necessary to complete his/her job?
Data privacy
Data protection
Data authorization
Data security
"
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