Answer:
Jessica's for AGI deduction for these costs is:
b. $14.00.
Explanation:
The aggregate gross income (AGI) can be defined as the total amount of income that an individual earns and is used in calculating the amount of income tax that an individual is liable to pay. The AGI can be expressed as follows;
AGI=T×N×W
where;
AGI=aggregate gross income
T=toll amount per way
N=number of times she reported
W=number of way
In our case;
AGI=unknown, to be determined
T=$1.75
N=4
W=2
Replacing;
AGI=(1.75×4×2)=$14.00
Jessica's for AGI deduction for these costs is:
b. $14.00.
Answer:
All the entries are made on December 31.
a.
Unearned Rent Revenue 750 Dr
Rent Revenue 750 Cr
b.
Salaries expense 7200 Dr
Salaries Payable 7200 Cr
c.
Supplies expense 1100 Dr
Supplies 1100 Cr
d.
Depreciation expense-Equipment 500 Dr
Accumulated depreciation-Equipment 500 Cr
e.
Insurance expense 1620 Dr
Prepaid Insurance 1620 Cr
Explanation:
a.
The rent received in advance is for one year. On December 31 the 3 months of rent becomes earned. So, we debit the unearned rent revenue account and credit the rent revenue.
b.
The salaries expense per day is $1800 and as the 31 December is a thursday, the salary for 4 days becomes an expense which is still not paid as salaries are paid on friday. So we debit the salaries expense by 1800 * 4 = 7200 and credit the salaries payable by the same amount.
c.
The supplies of 1100 (3000 - 1900) have been consumed and the supplies expense will be recorded for 1100 and the supplies account will be reduced by 1100.
d.
The depreciation on equipment is recorded.
e.
The insurance paid in advance in April of the current year is for 2 years or 24 months. The per month insurance expense is 4320 / 24 = 180
Till 31 December, the 9 months of insurance policy has been consumed and should be recorded as an expense and a reduction in the prepaid asset.
The amount is = 180 * 9 = 1620
Answer:
To determine if that person should be given a loan or credit card
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Answer:
Ayres' (1991) research team visited 90 Chicago-area car dealers using a uniform strategy to negotiate the lowest price on an $11,000 car. The results indicated that <u>black females</u> were given the highest quote.
Explanation:
<em>That was then result of their research in 1991. Among all the people that made inquiries about car, it was the black females who made the inquiries that were offered the highest quote.</em>
It is False
Book value is the net worth of a company's resources found on its monetary record, and it is generally equivalent to the aggregate sum all investors would get in the event that they sold the organization. Market value is the organization's worth in view of the all out worth of its exceptional offers on the lookout, which is its market capitalization.
<h3>What's the Difference Book value and Market value?</h3>
Despite the fact that financial backers have numerous measurements for deciding the valuation of an organization's stock, two of the most usually utilized are book worth and market esteem. The two valuations can be useful in working out whether a stock is genuinely esteemed, exaggerated, or underestimated. In this article, we'll dive into the distinctions between the two and how they are utilized by financial backers and examiners.
- An organization's book esteem is how much cash investors would get in the event that resources were exchanged and liabilities paid off.
- The market esteem is the worth of an organization as indicated by the business sectors in view of the ongoing stock cost and the quantity of exceptional offers.
- At the point when the market esteem is not as much as book esteem, the market doesn't completely accept that the organization merits the worth on its books.
- A higher market esteem than book esteem implies the market is relegating a high worth to the organization because of expected income increments.
- While utilizing book worth and market worth to think about organizations in contrast to one another, looking at organizations inside a similar industry is significant.
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