1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
1 year ago
11

your client has made all of the following transfers. which of these transfers will be excluded from the client's total gifts in

the year made? paid a hospital $11,000 for medical services rendered to a friend paid a family member $15,000 so she could go to school made a donation to the democratic party made a contribution to the shriner's hospital, which provides free medical care to children
Business
1 answer:
OlgaM077 [116]1 year ago
5 0

To be excluded from the client's total gifts in the year made are

  • Paid a hospital $11,000 for medical services rendered to a friend
  • Made a donation to the democratic party. Option D I and III

This is further explained below.

<h3>Which of these transfers will be excluded from the client's total gifts in the year made?</h3>

Generally, If anything is referred to as "the client's," it means that it belongs to a single person, such as a client's file. The use of the clients' plural possessive demonstrates that we may attribute things to more than one client.

In conclusion, To be excluded from the client's total gifts in the year made are

  • Paid a hospital $11,000 for medical services rendered to a friend
  • Made a donation to the democratic party. Option D I and III

Read more about client's

brainly.com/question/28162297

#SPJ1

CQ

Your client has made all of the following transfers. Which of these transfers will be excluded from the client's total gifts in the year made?

Paid a hospital $11,000 for medical services rendered to a friend

Paid a family member $15,000 so she could go to school

Made a donation to the democratic party

Made a contribution to the shriner's hospital, which provides free medical care to children

A)

II and IV

B)

I and II

C)

III and IV

D)

I and III

You might be interested in
Consider the owner of a local boutique. She is deciding if she should upgrade the storage and display containers. The total cost
miv72 [106K]

Answer:

a) $3077

b) The owner should make this investment because the marginal benefit is greater than the marginal cost

Explanation:

Given data :

Total cost = $2000

depreciation rate = 8% per year

expected increase in revenue (CF ) = $400

interest rate = 5%

a) Determine the present value of the stream of revenue due to the upgrades

= CF / ( 1 + r ) ^t      where ( 1 + r )^t = 13%

= 400 / 13%

= $3077

b) The owner should make this investment because the marginal benefit is greater than the marginal cost

8 0
2 years ago
Seemore Lens Company (SLC) sells contact lenses FOB destination. For the year ended December 31, the company reported Inventory
Irina-Kira [14]

Answer:

Seemore Lens Company (SLC)

Journal Entries to correct the balances presently reported:

a) Debit Accounts payable $13,200  

Credit Inventory $13,200

To record lenses held on consignment.

b) Debit Office Supplies $6,600

Credit Inventory $6,600

To record office supplies.

c) Debit Inventory $9,600

Credit Cost of goods sold $9,600

To exclude from cost of goods sold lenses in the warehouse for January 2 delivery.

c) Debit Sales Revenue $18,200

Credit Accounts Receivable $18,200

To exclude from sales revenue lenses not yet sold.

d) Debit Cost of goods sold $3,800

Credit Inventory $3,800 (Scrap)

To record the cost of scrap.

Explanation:

a) Data and Analysis:

Reported Inventory = $86,000

Reported Cost of Goods Sold = $452,000

Transactions:

a) Accounts payable $13,200  Inventory $13,200

b) Office Supplies $6,600 Inventory $6,600

c) Inventory $9,600 Cost of goods sold $9,600

c) Sales Revenue $18,200 Accounts Receivable $18,200

d) Cost of goods sold $3,800 Inventory $3,800 (Scrap)

3 0
2 years ago
Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website tha
qwelly [4]

Answer:

d. was able to fund his project through seed money.

Explanation:

Seed money or seed funding is the first fund or seed that is obtained for a new business idea. Mostly seed money is obtained from friends, family, and colleagues.

Herbert had a great idea by presenting a demonstration of his product on a website, attracting people with interest to fund the start-up.

8 0
3 years ago
Bird Corp.'s trademark was licensed to Brian Co. for royalties of 15% of the sales of the trademarked items. Royalties are payab
Romashka-Z-Leto [24]

Answer:

a. $13,000

Explanation:

Calculation for what royalty revenue should be

First step is to find the estimated amount for the second half of the year

Royalties for the second half =

15%*$30,000

Royalties for the second half= $4,500

Now let Compute for the total royalty revenue

Total royalty revenue for 20X5=$8,500+$4,500

Total royalty revenue for 20X5=$13,000

Therefore the royalty revenue should be $13,000

6 0
2 years ago
Resources and capabilities, such as interpersonal relations among managers and a firm's culture, that may be costly to imitate b
Leni [432]

Answer: A- socially complex

Explanation: Socially complex resources and capabilities are those company’s interpersonal relations such as belief, relationship, trust, cooperation, and custom which are very difficult and costly to imitate which are likely to be sources of sustained competitive advantage. This is mostly achieved by having the right individuals in the right positions doing the right jobs, also by creating and sustaining steady feedback that enables the company to be aware of any alterations in the operating environment of the business so as to adapt to those changes.

3 0
3 years ago
Other questions:
  • Assume that Bullen issued 12,000 shares of common stock with a $5 par value and a $47 fair value for all of the outstanding shar
    10·2 answers
  • Which of these is the largest difference between developed and developing countries?
    11·2 answers
  • Which of the following is a reason a coffee shop might exit from the market? Select all that apply.
    6·1 answer
  • Tammy has just opened a donut shop called the rabbit hole. given that the rabbit hole is in its start-up phase, which of these w
    13·1 answer
  • Camrim Inc., experienced the following events in 2018, its first year of operation: Performed counseling services for $21,700 on
    8·1 answer
  • Lowering the interest rate will:A. decrease spending on new homes. B. decrease spending on consumer durables. C. decrease the va
    11·1 answer
  • At December 31, 2021 and 2020, Miley Corp. had 180000 shares of common stock and 12000 shares of 6%, $100 par value cumulative p
    13·2 answers
  • Name three traits of a target audience
    12·2 answers
  • Henry is a manager in an operations department in a computer manufacturing company. He thoroughly studied the production process
    14·1 answer
  • Refer to Landfall Service. Because the company is known for its ability to produce lawn furniture more efficiently than any othe
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!