Answer: $12700
Explanation:
Standard deduction refers to the portion of income that's not being subjected to tax which can be used in the reduction of the tax bill. It should be noted that the amount of one's standard deduction will be based on the age, filing status, age, as well as some other criteria.
For taxpayers who don’t itemize, it should be noted that the 2017 standard deduction depends on the filing status and this include:
Single = $6,350
Married Filing Jointly = $12,700
Married Filing Separately = $6,350
Head of Household = $9,350
Qualifying Widow(er) = $12,700
The quality of the report Jamie turned in was lower than expected. Here was
part of his explanation: 'Large portions of the material came from Luke down
the hall." What likely character flaw does this reveal in Jamie?
Answer:
he was not doing his job right? im sorry if this is wrong
Explanation:
Answer:
B.Lack of willingness to take responsibility
Explanation:
Zoe, the owner of Zoe's Bakery, determines that, at her optimal level of production in the short run, P < ATC and P > AVC. In the short run, Zoe should: Group of answer choices raise the price until she has maximized her profits. continue to operate, as she is making an economic profit. continue to operate, even though she is taking an economic loss. shut down immediately, as she is taking an economic loss.
Answer: continue to operate even though she is taking an economic loss.
Explanation:
Since at Zoe's optimal level of production in the short run, the price is more than the average total cost and P > AVC, then she should continue to operate even though she is taking an economic loss.
This is because even though she's making loss as the price is less than the average total cost, since the price is greater than the average variable cost, then she should continue in operation. Assuming P < AVC, then the company should shutdown in this case as only th fixed cost is incurred.
Pedro, an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales representative at Metro Distributors Inc. and places an order for 100 printers. Metro Distributors Inc. purchases the printers from Ink Corp., a wholesaler, and delivers them to Pedro at his office. In this scenario, Metro Distributors Inc. is most likely to be a(n) _____
Answer:
Retailer
Explanation:
From the question we are informed about Pedro, who was an administrative manager at Seal Inc., is asked to purchase 100 printers for the firm's office. He contacts a sales representative at Metro Distributors Inc. and places an order for 100 printers. Metro Distributors Inc. purchases the printers from Ink Corp., a wholesaler, and delivers them to Pedro at his office. In this scenario, Metro Distributors Inc. is most likely to be Retailer.
A retailer can be regarded as a company or entity which buys products from a manufacturer or wholesaler then sells directly to end users or customers. A retailer can be regarded as an intermediary or middleman, with them the customers can get products from the manufacturers through them. They do this with aim of making profit.
Media Corp. is an accrual-basis, calendar-year C corporation. Its reported book income included $6,000 in municipal bond interest income. Its expenses included $1,500 of interest incurred on indebtedness used to carry municipal bonds and $8,000 in advertising expense. What is Media's net M-1 adjustment on its Form 1120, U.S. Corporation Income Tax Return, to reconcile to its taxable income
Answer:
-$4,500
Explanation:
The computation of the Media's net M-1 adjustment is given below:
= Expense included in interest that incurred on indebtness - book income reported
= $1,500 - $6,000
= -$4,500
Hence, the Media's net M-1 adjustment is -$4,500
The same should be considered and relevant
Therefore we ignored $8,000
Higher uncertainty of losses forces property-casualty firms to _________. A. invest in more short-term assets than life insurance firms. B. invest in more long-term assets than life insurance firms. C. hold a lower percentage of capital and reserves than life insurance firms. D. invest in riskier equity securities than life insurance firms. E. conduct more separate accounts business than life insurance firms.
What do safeguarding devices do to protect the worker?
Select the 3 answer options that apply.
Detects operator contact with the machine's point of operation
Prevents operator contact with the machine's point of operation
Answer:
Answer: Prevent contact:
Explanation:
]The safeguard must prevent hands, arms, and any other part of a worker's body from making contact with dangerous moving parts. A good safeguarding system eliminates the possibility of the operator or another worker placing parts of their bodies near hazardous moving parts.
Safeguarding devices prevent or detect operator contact with the point of operation to protect the worker. The correct option is b.
What is a safeguarding device?Safeguarding devices are protective measures consisting of the use of specific technical means, to protect workers from hazards that cannot be reasonably removed or sufficiently limited by design. These devices encompass a variety of equipment that prevents or limits access to the hazards. These can include everything from controls that require the worker to use both hands, gates that block access to moving parts, and sensing devices that identify when the worker is too close to the hazard.
Employers are responsible for safeguarding machines. Any machine part, function or process with the potential for causing an injury must be safeguarded using control methods that prevent employee contact with hazardous areas through effective machine guarding techniques. Almost all new machinery is available with safeguards installed by the manufacturer.
However, used or older equipment may require either purchasing additional safeguards or building and installing them in-house.
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Barto Company provides this information for the month ended October 31, 2017: sales on credit $300,000, cash sales $150,000, sales discounts $5,000, and sales returns and allowances $19,000. Prepare the sales section of the income statement based on this information. Only this part: Explain where each of these items would appear on a multiple-step income statement: gain on disposal of plant assets, cost of goods sold, depreciation expense, and sales returns and allowances.
Answer:
The Multi-step income statement is attached, Please find it
Explanation:
The multi-step income statement is attached with this answer please find it.
Gain On Disposal will appear in the other income section of the multi-step income statement
Cost of goods sold will appear in the cost of goods sold section of the multi-step income statement
Depreciation expense will appear in the operating expense section of the multi-step income statement
Sales returns and allowances will appear in the sales / net sales section of the multi-step income statement
Bruce told Adam that he was selling his house in Syracuse, New York. Adam sent Bruce an e-mail containing an offer of $300,000 for the house. Bruce responded via e-mail that he wanted $315,000 for the house. After further e-mails, the parties finally agreed on a sale with a price of $310,000. A series of e-mails contained the terms of the sale, and all included a salutation containing their typewritten names. However, Bruce later decided to sell the house to Marty for $325,000. Adam sued Bruce, claiming that Bruce breached their contract for the sale of the house. Most likely, Adam will:
Answer: Win, because the essential terms of the contract were set forth in the signed e-mails.
Explanation:
Based on the information given in the scenario, Adam will win because the essential terms of the contract were set forth in the signed e-mails.
In this situation, Bruce told Adam that he was selling his house and they both negotiated and agreed agreed on a sales price of $310,000 and there were series of e-mails that indicates the terms of the sale, and all included a salutation containing their typewritten names.
Therefore, based on the above reason, the fact that Bruce sold the house to Marty is a breach of contract and Adam will likely win if he sued Bruce.
The risks associated with ethics auditing include all of the following, except for: Question 11 options: Potential cover-ups prevent accuracy Revealing a problem that might not be able to be remedied The lack of a guarantee that there is a solution Problems that the company would like to keep quiet might be made public
Answer:
Potential cover-ups
Explanation:
Ethics audit refers to a review of the company's ethics system with regard to the policy and procedures set up for employees to adhere to, so as to determine whether it was effective.
The risk associated with an ethics audit is discovering a problem that the company does not wish to disclose, identifying a problem that might not be solved, no assurance that audit is the solution, and the lack of standardisation in an audit.
This leaves out only one option that is not part of the risks associated with ethics audit which is Potential cover-ups.
4. When Jenna confided in Lew and Al that she, too was concerned about adding additional risk, Lew suggested that they explore the possibility of one of the newest forms of business ownership, a(n) ____________, which has very flexible ownership rules and would give them more choices in how the company's earnings are taxed while still protecting all owners from high levels of risk. Group of answer choices
Answer:
limited liability company
Explanation:
A limited liability company (LLC) can be regarded as a business structure that is very common in the United States, these business structure can be regarded as a one in which the owners can not be regarded as been personally liable for debts as well as the liabilities of the company. Limited liability companies can be regarded as hybrid entities which is the combination of the features of corporation s well as partnership
Finish Co. uses the allowance method based on the percent of sales method to account for bad debts. At the end of 2010, Finish Co.'s unadjusted trial balance shows an accounts receivable balance of $30,000; allowance for doubtful accounts balance of $200 (credit); and sales of $600,000. Based on history, Finish estimates that bad debts will be 1% of sales. The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of: Multiple choice question. $500 $6,000 $6,200 $100 $5,800
Answer:
$6,000
Explanation:
Calculation to determine what The entry to record estimated bad debts will include
Bad Debts Expense=Sales of $600,000*1% of sales
Bad Debts Expense=$6,000
Therefore The entry to record estimated bad debts will include a debit to Bad Debts Expense in the amount of:$6,000
A print cartridge company sent a letter to a business office offering to supply a free premium printer if the business office would agree to purchase all the print cartridges the office would need from the print cartridge company. This letter arrived in the hands of the business owner on the same day the office printer failed. The business office had experienced a slow month and the business owner was trying to decide whether to pay the office rent for the month or fix the printer. Based on the offer, the owner paid the rent. A week after she put the rent check in the mail, the owner received a second letter from the print cartridge company indicating that the printer program was being canceled due to a lack of printers. The next day, before she read the second letter, the owner mailed her acceptance letter to the print cartridge company. The print cartridge company refused to supply the business owner with a printer. If the business owner brings a breach of contract action against the print cartridge company, how should the court rule
Answer:
B. For the print cartridge company, because its revocation latter was received by the business owner before she dispatched the acceptance letter.
Explanation:
The print cartridge company had issue a business offer to customers for a free premium printers if they buy cartridges from them. The print cartridge company should have communicated that this is limited time offer or offer is valid till stock lasts. The company can still have option to revoke its offer but it should communicate to all its customers whom they have sent this offer. The business owner has received mail before she had provided the acceptance.
During the taking of its physical inventory on December 31,2008, Genesis company incorrectly counted its inventory as $126,000 instead of the correct amount of $135,000.
Explanation:
Given:
Wrong inventory needed = $126,000
Right inventory need to recorded = $135,000
Correct amount need to record = 135,000 - 126,000
Correct amount need to record = $9,000
Journal entry
Purchase A/c dr 9,000
To Credit or cash A/c 9,0000
What is the factor that you must remember
before investing that has to do with how
risky the investment is?
Answer:
safety of the investment.
Explanation:
Risk management can be defined as the process of identifying, evaluating, analyzing and controlling potential threats or risks present in a business as an obstacle to its capital, revenues and profits.
This ultimately implies that, risk management involves prioritizing course of action or potential threats in order to mitigate the risk that are likely to arise from such business decisions.
Market risk premium can be defined as a measure of the difference between a market rate of return on a market portfolio and the return on a risk-free investment such as government bonds (Treasury bills) or interest rate.
In Risk management, safety of the investment is the factor that you must remember before investing and it typically has to do with how risky an investment is.
Which of the following conflicts led to an expansion of Presidential foreign policy power?
1)World War I
2)World War II
3)Vietnam
4)None of these choices are correct.
Of all the given conflicts, the two that led to an expansion of Presidential foreign policy power were World War I and Vietnam. Hence, options A and C are correct.
What is Presidential foreign policy?In any country, there are few higher authorities that are involved in all the policies that are run by the government of that nation, and the policy that is related to foreign affairs involves the President of the country. There is no such separate foreign policy that is run by the President of the country.
In the case of the U.S., the constitution of the country parcels the powers regarding foreign relations to both the houses that is the executive and the legislative. Although some powers are also granted to the military, while some to the President, and others, like the regulation of foreign commerce, to Congress. With the separation of power, there is a debate also spawned over the roles of the President and Congress in foreign affairs.
Thus, Options A and C are correct.
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Lester Dunbar sold to Walter Masters real property on which Charles Endicott held a first mortgage. Masters expressly assumed the mortgage debt. Subsequently, Masters defaulted in payment of the mortgage debt. Masters contends that Endicott must first proceed against Dunbar, the original mortgagor, because he is primarily liable for the mortgage debt. Based upon these facts, ___________.
Answer: Dunbar is, in fact, a surety and must satisfy the mortgage if Masters does not.
Explanation:
A surety refers to the individual who makes a promise to be responsible for the debt obligation of a borrower on a situation whereby the borrower defaults and doesn't take responsibility. The surety is also known as the guarantor.
Since Masters defaulted in payment of the mortgage debt, but contends that Dunbar, is the original mortgagor, because he is primarily liable for the mortgage debt, then Dunbar is a surety and must satisfy the mortgage if Masters does not.
According to the principle of comparative advantage, Group of answer choices countries should specialize in the production of goods for which they use more resources than their trading partners countries with a comparative advantage in the production of every good need not specialize countries should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners countries should specialize in the production of goods for which they use fewer resources than their trading partners PreviousNext
Answer:
should specialize in the production of goods for which they have a lower opportunity cost of production than their trading partners
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries.
For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.
for country A,
opportunity cost of producing beans = 5/10 = 0.5
opportunity cost of producing rice = 10/5 = 2
for country B,
opportunity cost of producing rice = 5/10 = 0.5
opportunity cost of producing beans = 10/5 = 2
Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice
Country A should specialise in the production of beans and B should specialise in the production of rice
What is the intent of a Pigouvian​ tax? A. To encourage producers of a negative externality to increase production to the socially optimal level. B. To eliminate the force of the invisible hand in market transactions. C. To mandate by government fiat the reduction of production to the socially optimal level. D. To induce producers of a negative externality to reduce production to the socially optimal level.
Answer:
D
Explanation:
A good has negative externality if the costs to third parties not involved in production is greater than the benefits. an example of an activity that generates negative externality is pollution. Pollution can be generated at little or no cost, so they are usually overproduced. Government can discourage the production of activities that generate negative externality by taxation. Taxation increases the cost of production and therefore discourages overproduction. Tax levied on externality is known as Pigouvian tax.
Government can regulate the amount of externality produced by placing an upper limit on the amount of negative externality permissible
Coase theorem has been proposed as a solution to externality. According to this theory, when there are conflicting property rights, bargaining between parties involved can lead to an efficient outcome only if the bargaining cost is low
Another solution to negative externality is through the activities of charities. Charities can raise donations to limit or regulate the activities of firms that constitutes a negative externality.
Greenbaum Inc. sells a new product with a 2-year warranty. The company estimates that during the two years, the costs and related probabilities are: Year 1: $20,000 (40%) and $30,000 (60%); Year 2: $30,000 (70%); $20,000 (30%).The company's effective interest rate is 5%. Calculate the estimated warranty liability using the expected cash flow method.
Answer:
$49,252
Explanation:
Calculation to the estimated warranty liability using the expected cash flow method.
Estimated warranty liability =[($20,000 x .4)+($30,000 x .6) x 0.95238]+ [($30,000 x .7)+($20,000x .3) x 0.90703]
Estimated warranty liability =[($8,000+$18,000)×0.95238]+[($21,000+$6,000)×0.90703
Estimated warranty liability =($26,000×0.95238)+($27,000×0.90703)
Estimated warranty liability =$24,762+$24,490
Estimated warranty liability =$49,252
Therefore the estimated warranty liability using the expected cash flow method is $49,252
The CEO of CLEO, Inc., in all her communications to employees consistently refers to her dream of CLEO becoming the company of choice for employee assistance programs. She keeps this theme uppermost and it is reflected in the firm's motto, the title of its Web newsletter, and even on the company T-shirts and mugs. This is an example of the firm's: Group of answer choices strategy. envisioned future. organizational culture. core ideology.
A paper manufacturer is forced to make staff cutbacks because of declining profits. It decides to cut back each employee's hours and pay by one-half day per week rather than laying off two people. Senior managers believe that by allowing all their employees to keep their jobs, they are producing the greatest good for the greatest number of people. Which rule for ethical decision making does this example show
Answer:
Utilitarian
Explanation:
Utilitarianism is a morality theory that advocated the actions in order to foster the happiness and the actions that result harm or unhappiness could be opposed. It is an action that could be right so this would create a happiness for the larger no of people as a group or society as a whole
So as per the given situation, it is a utilitarian theory
Select all that apply Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a subsidiary ledger for the Raw Materials Inventory account. provide a subsidiary ledger for the Finished Goods Inventory account. monitor costs incurred to date and to predict and control costs for each job. provide a permanent record for the Cost of Goods Sold account.
Answer:
provide a subsidiary ledger for the finished goods inventory account
monitor costs incurred to date and to predict and control costs for each job
provide a permanent record for the cost of goods sold account
Explanation:
job cost sheet is a recording of all expenses that should be related to the job segment or an individual job.
Also it give the subsidiary ledger for the finished goods. It checks the cost that should be incurred till date and to predict and control the cost. Moreover, it gives the permanenet record for the cost of goods sold
These 3 above statements should be considered
PLEASE PLEASE HELP ME!!
Entrepreneurs
An Wang
George Washington Carver
Samuel F. B. Morse
Margaret Hutchison Rousseau
Choose one entrepreneur from this list. Write about an innovative idea this entrepreneur had. Include details about the person who brought it into being and the contributions he or she made to our society. How did this entrepreneur embody one or more characteristics from the HUNT? Present your response in a clear, organized manner and cite specific examples. (4 points)
Explanation:
hinese-American computer scientist who came to the United States in 1945 to attend Harvard University. He held more than 35 patents. His developments were critical to advancing digital information technology that we depend on today. Wang Laboratories created one of the first desktop computers.
Madame C.J. Walker
was the first member of her formerly enslaved family to be born a free person. She was one of the first self-made African-American millionaires. She employed over 3,000 people at the height of her hair care products business. Madame C.J. Walker was an early entrepreneur in the beauty industry that today garners billions of dollars in annual sales.
Howard Schultz
grew up in a Brooklyn, New York housing project. It is because of him that Starbucks® has over 6,000 stores worldwide today. His drive and marketing skills have made the café latte a daily habit for many Americans.
James Cash Penney
began as a store clerk after graduating high school. A contemporary of Madame Walker, Penney launched the first chain of department stores in the United States, commonly known as "Penney's." Today Americans visit over 1,000 "Penney's" or peruse the mail order and online catalogs to purchase various household goods and clothing.
Samuel F.B. Morse
grew up in Massachusetts studying religion and art. Morse patented the telegraph in 1849. His invention paved the way for long-distance communication, reshaping America literally in terms of westward expansion, railroad safety, and business efficiency.
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Joseph A. Unaue
grew up in Bronx, New York, born to a Spanish father and Puerto Rican mother. His father founded Goya Foods®, distributor of Hispanic foods. Joseph and his brothers joined the family business and under Joseph's direction Goya Foods® became the largest U.S. Hispanic-owned food distribution company in the United States
Answer:
George Washington Carver
reshaped the American South from a society heavily focused on cotton agriculture to one that grew diverse crops and utilized crop rotation. He taught these techniques for 47 years at the Tuskegee Institute. In addition, he discovered a plethora of uses for peanuts that are in many products we use to this day.
Explanation:
George Washington Carver
(1864–January 5, 1943) was an American agricultural scientist and inventor who advocated for non-cotton crops and soil conservation practices. In the early twentieth century, he was the most prominent black scientist.Carver devised strategies to repair soils depleted by repeated cotton crops as a professor at Tuskegee Institute. He wanted poor farmers to produce additional crops like peanuts and sweet potatoes to supplement their income and improve their living conditions.105 food recipes using peanuts were included in the most popular of his 44 practical bulletins for farmers. Despite spending years creating and marketing a variety of peanut-based goods, none of them were economically successful.#SPJ2
Job cost sheets can be used to: (Check all that apply.) Multiple select question. provide a permanent record for the Cost of Goods Sold account. monitor costs incurred to date and to predict and control costs for each job. provide a subsidiary ledger for the Finished Goods Inventory account. provide a subsidiary ledger for the Raw Materials Inventory account.
Answer: • provide a permanent record for the cost of goods sold account
• monitor costs incurred to date and to predict and control costs for each job.
• provide a subsidiary ledger for the finished goods inventory account.
Explanation:
Job cost sheet refers to the document that is used for the recording of the manufacturing costs and it is used as a subsidiary ledger for the work in process account due to the fact that it contains every details about the job in process.
From the options given, the job cost sheets can be used to:
• provide a permanent record for the cost of goods sold account
• monitor costs incurred to date and to predict and control costs for each job.
• provide a subsidiary ledger for the finished goods inventory account.
Vaughn Manufacturing uses the percentage-of-receivables basis to record bad debt expense and concludes that 3% of accounts receivable will become uncollectible. Accounts receivable are $421,400 at the end of the year, and the allowance for doubtful accounts has a credit balance of $3,027. (a) Prepare the adjusting journal entry to record bad debt expense for the year. (b) If the allowance for doubtful accounts had a debit balance of $839 instead of a credit balance of $3,027, prepare the adjusting journal entry for bad debt expense.
Answer:The adjusting journal entry will be
a)Debit Bad debts expense $9,615
Credit Allowance for doubtful accounts $9,615
b))Debit Bad debts expense $13,481
Credit Allowance for doubtful accounts $13,481
Explanation:
Estimated uncollectible= $421,400 × 3% = $12,642
Allowance for doubtful accounts with a credit balance of $3,027
Allowance for Bad debts expense = $12,642 - $3,027= $9,615
Account titles and explanation Debit Credit
Bad debts expense $9,615
Allowance for doubtful accounts $9,615
When the Allowance for doubtful accounts has a debit balance of $839
$12,642+$839= $13,481
Account titles and explanation Debit Credit
Bad debts expense $13,481
Allowance for doubtful accounts $13,481
Expenditures capitalized as long-lived assets generally include those expenditures that:
a. Are made for normal repairs to maintain the usefulness of the asset over a number of years.
b. Are for items that have a physical life of more than a year, regardless of their cost.
c. Are material in amount and that have an economic benefit to the entity only in the curret year.
d. Are material in amount and that have an economic benefit to the entity that extends beyond the current year.
Answer:
D
Explanation:
Suppose that the market for haircuts in a community is a perfectly competitive constant-cost industry and that the market is initially in long-run equilibrium. Subsequently, an increase in population increases the demand for haircuts. In the long run, we expect that: Question 7 options: a) firms will leave the market, driving the price of haircuts up and the profits of individual firms up. b) more firms will enter the market, driving the price of haircuts up and the profits of individual firms back down to zero. c) firms will leave the market, driving the price of haircuts up and the profits of individual firms back down to zero. d) more firms will enter the market, driving the price of haircuts down and the profits of individual firms back down to zero.
Answer:
d) more firms will enter the market, driving the price of haircuts down and the profits of individual firms back down to zero.
Explanation:
In the case when the demand is increased, the price of haircuts would also increased and due to this the firm could earn positive economic profit. And for earning the economic profit in a positive way, the no of firm should be rised that increased the supply so automatically the prices are decreasing
Therefore the above option should be the answer
Four years ago, Velvet Purses purchased a mailing machine at a cost of $154808. This equipment is currently valued at $25955 on today's balance sheet but could actually be sold for $1729. This is the only fixed asset the firm owns. Net working capital is $92535. and long term debt is $65077. What is the book value of shareholder's equity
Answer:
the book value of the shareholder equity is $53,413
Explanation:
The computation of the book value of the shareholder equity is shown below;
Book value of shareholders equity is
= Book value of mailing + net working capital - Long term debt
= $25,955 + $92,535 $65,077
= $53,413
Hence, the book value of the shareholder equity is $53,413
McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common shares outstanding at January 1 and sold 36 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $47 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Answer:
the earning per share is $1.43 per share
Explanation:
The computation of the earning per share is shown below:
= Net income ÷ weighted no of shares
= $741 million ÷ (544 million shares - 36 million × 10 ÷ 12 + 6 million × 8 ÷ 12)
= $741 million ÷ (544 - 30 + 4)
= $1.43 per share
Hence, the earning per share is $1.43 per share
The same should be considered and relevant
which one of the following is not a financial intermediary?
A) Security dealers
B) Insurance companies
C) Real estate investment trusts
D) Pension funds
A. Security Dealers are not a financial intermediary.
