Answer:
Explanation:
Determine how much of the amount paid to corporation D for advertising and promotional services can D lawn and Garden Supply deduct in 2019
(200 lawn x $15) receives $3,000 for advertising and promotion from D lawn and Garden Supply; however corporation D spent only $2,750
Thus D lawn and Garden Supply can only deduct $2750 because economic performance for services occur when the services are provided to the taxpayer.
Determine how much of the amount paid to corporation D for advertising and promotional services can D lawn and Garden Supply deduct in 2020
(350 lawn x $15) receives $5,250 for advertising and promotion from D lawn and Garden Supply; however corporation D spent only $5,500
However, D lawn and Garden Supply can deduct $5,500 for promotion expense, which includes $5,250 paid in 2020 and $250 paid in 2019
Answer:
$ 227,500
Explanation:
given,
total purchase in current year = $ 250,000
Paid freight = $ 4,000
cost to deliver = $7,200
returned made = $ 24,000
Trift took advantage = $ 2,500
inventory = ?
inventory cost = purchases + freight inward - return stock - discount
= $ 250,000 + $ 4,000 - $ 24,000 - $ 2,500
= $ 227,500
the Trift's cost of inventory is equal to $ 227,500
Answer:
a writ of attachment
Explanation:
Based on the scenario being described within the question it can be said that this is a request for a writ of attachment. This term refers to a court order made to "attach" or seize an asset, and is made in order to satisfy a judgement issued by the court. Such as in this case the the asset being seized would be Francie's property.
Answer:
Their income after 20 years would be 72,550 dollars.
Explanation:
The income after 20 years can easily de determin by using compounding
formula
Future Value = Present Value (1 + I)^ 20
= 90,000 (1 + 0.03)^ 20
= 162,550 dollars
Income can be determing by subtracting Pv from Fv i.e
Income = 162,550 - 90,000 = 72,550
Calculation on excel sheet
A B C D
1 90,000 1.03 = A1 * 1.03 = C1-A1
2 = D1 1.03 = A2 * 1.03 = C2-A2
20 = D19 1.03 = A20 * 1.03 = A20 - C20
* In work sheet colunm D will show income on investment.
Answer:
The correct answer is letter "C": realization.
Explanation:
Realization is the transformation of assets into cash as a result of sales. Realization typically is recorded in the company's accounting book for advance payments for goods, services, delayed payments, and multiple deliveries. It does not represent part of the equity of a company until the cash is received. Thus, should not appear in a partnership equity statement.