Hayek believed that the economy could be hard to measure because

Jed is an electrician. Jed and his wife are accrual basis taxpayers and file a joint return. Jed wired a new house for Alison an

poizon [28]

Answer:

b. $3,000

Explanation:

Jed was refused payment of $5000, the court awarded only $2000, rest $3000 is a loss for Jed. He can only deduct $3000 and not full $5000 as $2000 has been realized.

Therefore, The amount of loss may Jed deduct in the current year is $3,000.

3 0

3 years ago

The annual demand for a product is 15,300 units. The weekly demand is 294 units with a standard deviation of 90 units. The cost

antiseptic1488 [7]

Answer:

Reorder point = (weekly demand * lead time) + (Z * standard deviation * √lead time) = (294 * 10) + (2.326 * 90 * √10) = 2,940 + 661.99 = 3,602 units

Old safety stock = Z * standard deviation * √lead time = 662 units

new safety stock = 331

331 = Z * 90 * √10

Z = 331 / 284.60 = 1.163

Using Normal distribution function, the new confidence interval is 87.76%

3 0

3 years ago

At the beginning of year 3 omega company had a $60,000 balance in its accounts receivable account and a $3,000 balance in allowa

Contact [7]

The December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.

<h3>How is the ending balance for allowance for doubtful accounts determined?</h3>

The ending balance of allowance for doubtful accounts can be determined by recognizing the company's policy towards doubtful accounts.

Some companies use an estimate based on the accounts receivable, credit sales revenue, aging of receivables, etc.

<h3>Data and Calculations:</h3>

Allowance for Doubtful Accounts:

Beginning balance $3,000

Accounts Write-off (2,000)

Ending balance $1,920 ($48,000 x 4%)

Bad Debts Expense $920 ($3,920 - $3,000)

Accounts receivable:

Beginning balance $60,000

Revenue earned = $200,000

Cash collected (210,000

Write-off of accounts (2,000)

Ending balance $48,000

Thus, the December 31, year 3 unadjusted (current) balance in allowance for doubtful accounts account (balance before expense recognition) for Omega Co. is $1,920.

Learn more about the allowance for doubtful accounts at brainly.com/question/26498002

7 0

2 years ago

The numerator of the return on common stockholders' equity is_____________. a.income before income tax b.operating income minus

elena-s [515]

The numerator of the return on common stockholders' equity is net income minus preferred dividends.

Option d

<u>Explanation:</u>

Return on common stockholders' equity which is also named as return on equity (ROE) ratio evaluates the accomplishment of a company in resulting income for the benefit of common stakeholders.

<em>Use of return on equity:</em>

Isolates common equity returns
Can be used to evaluate dividends
Evaluates the use of capital by the management

It is calculated by income available for stockholders divided by the total number of common stock and is expressed or represented in percentage. Income available for common stockholders can be arrived by reducing preference dividends from Net income.

That is, $\text { Net income }-\text { Preference dividends }=\text { Equity available for common stockholder }$

Hence, net income minus preferred dividends is the right answer.

3 0

4 years ago

The 2018 financial statements of BNSF Railway Company report total revenues of $19,548 million, accounts receivable of $1,189 mi

Vitek1552 [10]

Answer:

D) 18.2 times

Explanation:

The accounts receivable turnover is determined by dividing the total credit revenues by the average receivables.

The average receivables is the sum of the opening and closing receivable balances divided by 2.

The average receivables is ( $ 1,189 + $ 955) / 2 = $ 1,072

The total revenues in the absence of other information is considered as credit sales.

Average receivables turnover = $ 19,548 / $ 1,072 = 18.24 times

3 0

3 years ago