D Question 8 A corporation is a legal entity created and recognized by federal law. O True False
Q: Mutual funds charge an annual fee, called the expense ratio, that usually ranges from about 0.4% to…
A: Calculation Steps:1. Calculate the investment growth after deducting the expense ratios for each…
Q: None
A: Step 1: If sales decline to 900 units, Net Operating Income equals the contribution margin on 900…
Q: 1 Muskoka Tools Depot is selling snow blowers for $710.00 each. The same model blowers are being…
A: Answer to 1)Price Offered by Muskoka Tools Depot =$710.00 per snow blowerPrice offered by Dixie…
Q: ACME Company purchases for resale 1,000 widgets for $64 each. At year-end, the replacement cost is…
A: Step 1: If ACME uses LCM lower cost method, then widgets will be recorded at historical cost or…
Q: Need Help with this Question
A: Step 1: Introduction to Assets:Items with economic value that belong to a company or a person and…
Q: Refer to the following selected financial information from Phantom Corp. Compute the company's days'…
A: Step 1:Step 2:Step 3: Step 4:
Q: A) Homework Ltd. has the following information on its inventories. Date Transaction…
A: Total Units Sold = 24 Units in FIFO Order are 4, 9 and 17 Total of first two = 13. Therefore, units…
Q: please step by step solution.
A: a. To calculate the difference between current assets and current liabilities, we need to find the…
Q: * Your answer is incorrect. Sheridan Oil Company is considering investing in a new oil well. It is…
A: The first step in calculating the annual rate of return is to determine the annual net income. This…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: In decision analysis, probability revision tables are used to update the probabilities of different…
Q: CPL Company reported a cost of goods manufactured of $520,000, with the firm's year-end balance…
A: Step 1: Introduction to the Cost of Goods Manufactured:The schedule of costs of goods manufactured…
Q: Use the following Data: Brunson Corporation Pension Plan Information for Current Fiscal Year…
A: Step 1: Introduction to Pension:A pension is a fund in which the amount is contributed by the…
Q: Required information [The following information applies to the questions displayed below.] The…
A: On the basis of revenue , segment will be reported separately if it's revenue is more than or equal…
Q: I’m not sure we should lay out $265,000 for that automated welding machine,” said Jim Alder,…
A: 1 Reduction in labor costs108000 Reduction in material waste6900 Total114900…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To determine the payback period and analyze the effect of a larger cash inflow in the last year, we…
Q: What does the balance sheet show? A) the financial performance of operations during a specific…
A: A balance sheet, also known as a 'statement of financial position', is one of the three main…
Q: Additional Funds Needed Homework 1. Jill's Wigs Inc. had the following balance sheet last year: Last…
A: A balance sheet is a type of financial statement that shows the condition of a business's finances…
Q: The following data refer to Brompton Company's ending inventory: Item Code Quantity Unit Cost Unit…
A: Item CodeQuantity Unit CostUnit Market ValueLower costEach item TotalSmall10025024624624600Medium…
Q: Carla Vista, Inc. received the following information from its pension plan trustee concerning the…
A: Given:Service cost=$475,000Actual Return on Plan Assets = $290,000amortization of prior service cost…
Q: Hinrich Company traded machinery with a book value of $120,000 and a fair value of $200,000. It…
A: In accounting, a transaction is said to have commercial substance if it significantly changes the…
Q: Sales Variable expenses Contribution margin Fixed expenses Net operating income Income taxes @ 40%…
A: Step 1: Step 2: Step 3: Step 4:
Q: Ans..
A: Givensales = 14,000,000total assets = 12,000,000total debt = 6,700,000profit margin = 7% A) Profit…
Q: None
A: Net sales = (Sales - Sales return) = ( 35,000 - $3,6000)=$31,400 As Mr. Gomez Co. paid the amount…
Q: McLoyd Company completed the salaries and wages payroll for March. The payroll provided the…
A: Step 1: Introduction to payroll taxesPayroll taxes refer to those taxes paid by both employer and…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1:Note: Find the cost price of the Inventory as follows:Cost Price = Selling Price ÷ Cost %Cost…
Q: Accounting Subject step by step solutions
A: Detailed explanation:Product warranty is related to the repair, replacement or refund to the…
Q: Concepts and Terminology From the choices presented in parentheses, choose the appropriate term for…
A: All answers are in answer section.
Q: Top-down budgeting is preferred to a bottom-up approach, especially to monitor controllable costs.…
A: In a top-down budgeting approach, the budget is created by the top management of the company and…
Q: Kindly provide the following given that your current status is middle average and current position…
A: 1. Define Investment Objectives, Risk Tolerance, and Time Horizon- **Investment Objectives**: As a…
Q: In Bramble Corp.'s income statement, they report a gross profit of $44,000 at standard and the…
A: Step 1. Calculate the total Materials VarianceMaterials Price Variance: $420 FMaterials Quantity…
Q: Haru is a self-employed cash-method, calendar-year taxpayer, who made the following cash payments…
A: can deduct office supplies expenses inthe year paid. He spent $1,850 on supplies but only used half…
Q: Which of the following statements is FALSE? ◇ If an improvement or replacement is made and the…
A: The first statement is true. When an improvement or replacement is made and the carrying value of…
Q: Accounting Subject step by step solutions
A: Here's the solution to both parts of the question using the Weighted Average method and the FIFO…
Q: None
A: Sure, I can help you find the Nash equilibria and the subgame-perfect equilibria of the game shown…
Q: Morgan is paid $2,955.75 per week. What is the amount of federal income tax withheld from Morgan's…
A: I hope this helps. Feel free to comment for further queries.
Q: On January 1, 2021, Ackerman Company acquires 80% of Seidel Company for $1,814,720 in cash…
A:
Q: A7 please help.....
A: Step 1: Formula Times interest earned ratio = Earnings before interest and taxes/Total interest…
Q: Midland Resources has two production departments (Fabrication and Assembly) and three service…
A: To allocate the service department costs to the two operating departments (Fabrication and Assembly)…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Required:1-a. Compute the payback period for this equipment.1-b. Compute the net present value for…
Q: Cash............. VI. An inexperienced accountant for Otto Corporation made the following entries:…
A: The correct entries for the transactions should have been as follows: - July 1: Debit Cash:…
Q: provide correct option with explanation
A: Correct Option Explanation E. is a pool of indirect production costs that must somehow be attached…
Q: Tom Thompson expects to invest $17,000 at 9% and, at the end of a certain period, receive $43,867.…
A: For this problem, what is required is to determine the number of periods for the initial investment…
Q: None
A: Step 1: The calculation of the missing years return and the standard deviation ABCD1YearReturn(Avg.…
Q: 1. Answer the following: • Prepare a trial balance for the month. • Prepare journal entries on the…
A: Journal entries are the first step in the accounting cycle and are used to record all business…
Q: A3 please help.....
A: 1. To determine the volume of revenues that would necessitate disclosing the existence of a major…
Q: 24. Under which method may companies manipulate their income by choosing which units to sell? a)…
A: There are four main inventory valuation methods that companies use to account for the cost of goods…
Q: vi.6
A: Intangible Assets:* Franchises $ 160,000* Patents $ 195,000* Total Intangible Assets $ 355,000Total…
Q: 18. Which method can result in higher income taxes during periods of rising prices? a) FIFO b) LIFO…
A: There are four main inventory valuation methods: FIFO (First-In, First-Out), LIFO (Last-In,…
Q: 1 $1,000 $950 $80 × + r_r × [1 + r]б (1 + r)
A: step by step to solve the equation:$950 = $80 × (1/r - 1/(r × [1 + r]^6) + ($1,000 /(1 + r)^6)1.…
Q: None
A: Approach to solving the question: For better clarity of the solution, I have attached the Excel…
Step by step
Solved in 2 steps
- Mulitple choice question What is the federal counterpart of the state and local government "encumbrance"? Select one: a. Obligation b. Outlay c. Allotment d. ApportionmentDe jure corporation is a corporation existing in fact and in law.Ability-to-pay principle supports that tax should be * A. Proportionate in character B. Levied for public purpose C. Levied by the lawmaking body of the state D. Levied on persons and properties within the limits
- Read Section 13611. What are the 4 requirements?2. What Form is used to elect S Corporation?Chapter 11 - Question 3: (a) Contrast the federal income taxation of a corporation with that of a sole proprietorship and a partnership. (b) Which of the three types of organizations must file a federal income tax return?Question 18 of 30. Distributable net income (excluding tax-exempt int O Serves as the upper limit on the amount of the Inco O Will always equal fiduciary accounting income. O Usually includes capital gains and losses. Is calculated on Schedule A (Form 1041).
- 5 What must be included in the name of all corporations - as required by all states?A. What is BIR Form 1701 and its importance? What are considered as Taxable Income in the BIR Form 1701? What are the deductions to the Taxable Income made in the BIR form 1701? NOTE: Include in the answer the effects of CREATE LAW, cite as many as you can on the impact of this law.How does a benefit corporation’s charter differ from that ofa typical U.S. corporation?
- 93. The corporate charter is known as A. Articles of Partnership O B. Articles of Corporation C. Articles of Incorporation D. By Law and ConstitutionA corporation existing in fact but not in law Choices; De facto corporation De jure corporation Domestic corporation Foreign corporationMC: Topic: Income Taxation One of the following is a characteristic of a tax. * Based on contract Assignable Payable in money Absolutely legislative in nature