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1 year ago

The two functions of financial accounting are to measure business activities and prepare tax returns. True or false

Business

1 answer:

Schach [20]1 year ago

6 0

The two functions of financial accounting are to measure business activities and prepare tax returns. FALSE

<h3>What is a Tax return?</h3>

A tax return is a document submitted to a taxing body that lists earnings, outlays, and other pertinent financial data.
Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
Tax returns must typically be filed yearly.
In the United States, tax returns including data necessary to compute taxes are filed with the Internal Revenue Service (IRS) or with the state or local tax collecting agency (Massachusetts Department of Revenue, for instance).
The IRS or another applicable authority's forms are often used to complete tax returns.

To learn more about Tax return, refer to the following link:

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At the beginning of the year, Ilberg Company estimated the following costs: Overhead $416,000 Direct labor cost 520,000 Ilberg u

katrin [286]

Answer:

Predetermined overhead rate = $0.8 per hour

Overhead applied in December = $34,960

Explanation:

Predetermined overhead rate = Estimated manufacturing overhead / Estimated direct labor hours

Predetermined overhead rate = $416,000 / 520,000 hours

Predetermined overhead rate = $0.8 per hour

(as Direct labor cost is equal to total direct labor hours worked multiplied by the wage rate.)

Actual Labor hour = 43,700

Overhead applied in December = 43,700 hours x $0.8 = $34,960

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3 years ago

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kaheart [24]

Answer:

The symbol designed by Max is an example of trademark. The correct answer is a.

Explanation:

Trademark is the symbol, sign, expression or design that signifes the products or services of particular company.

Trademarks that signifies particular company or service mark if it signifies services, is an intellectual property which no other source can use without permission.

Brand name is the name of the company that develops the product or service obtained which are also named with the same.

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3 years ago

A recent innovation by Amazon, the Vendor Flex program, seeks to lower overall transportation costs but also creates new forms o

Mariulka [41]

Answer:

A) horizontal

Explanation:

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3 years ago

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Answer:

The correct option is A

Explanation:

In order to reduce the bad feelings which are linked with the negative messages, one must make sure that the receiver knows the reason for the rejection and feels the news was sensitive and also believes that the matter was handled carefully and fairly.

A negative message which is insincere could be irritating, maddening and frustrating to the receiver. So, the message should not lead the reader to trust or believe.

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3 years ago

What do you mean by traditional professional? explain with explain.

Evgen [1.6K]

Answer:

Army unnie !

Explanation:

Are excited for tomorrow ? I mean time is melting !!!

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3 years ago