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3 years ago

How has technology impacted the way a custodian organizes information and completes daily tasks.

1 answer:

4 0

Custodian can use technology in many ways like they can use it to keep track of inventory on their supplies, they may use it to keep track of who works what shift, and what jobs need to be compleated

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Winkin contributes property with a value of $45,000 and Blinkin contributes property with a value of $90,000 to form Boat Corp i

Vitek1552 [10]

Answer:

Winkin, with 25 shares of Boat Corporation, qualifies for Section 351 deferral of any gain or loss.

Explanation:

IRC Section 351 has this major requirement; it only applies to the exchange of property for voting stock in the corporation. If any shareholder involved in the transaction receives equity for something other than voting stock, e.g. services; the transaction may not qualify for tax deferral.

3 0

3 years ago

Securing a mortgage from a bank for a new business venture is an example of:

user100 [1]

<span>This is an example of the financing portion of a business model. There are a few ways for a business to obtain the capital needed to open the doors and start their business. Loans or debt is one of the ways that is usually sought when attempting to start a business, this is classified as a liability on the balance sheet. Another way a business can secure money for a business is through equity, this is done through money from the owners pockets, or other partners that want a stake in the ownership of the business. This is shown as stockholder's equity on the balance sheet.</span>

6 0

3 years ago

Let's assume you are the beneficiary of your great Aunt's life insurance policy. Sadly she passed away yesterday. You elect to r

Oksanka [162]

Answer: The life insurance annuity payment is $50,926.10

Explanation:

GIVEN THE FOLLOWING ;

PRESENT VALUE(PV) = $500,000

INTEREST RATE (r) = 8% = 0.08

PERIOD (n) = 20 years

Recall, formula for ordinary annuity:

Annuity = (Rate × PV) ÷ ( 1 - (1 + r)^-n)

Annuity = (0.08 × $500,000) ÷ (1 - (1 + 0.08)^-n)

Annuity = ($40,000) ÷ (1 - (1.08)^-20)

Annuity = $40,000 ÷ 0.7854517925

Annuity = $50,926.10

Therefore, the life insurance annuity payment for 20 years at 8% interest rate will be $50,926.10

5 0

3 years ago

Read 2 more answers

Sun Corporation manufactures a special line of graphic tubing items. For each of the next two coming years, the company estimate

Virty [35]

Answer:

Explanation:

Production Budget = Sales+Ending Inv-Op Inv

= 75000+10000-20000 = 65000 units

Ending Inv is Three Month Production = 65000*(3/12) = 16250 unit

Ending Inv = 16250unit*5 Feet/unit =81,250 feet

Mat Reqd for 65000unit = 65000*5 = 325,000 feet

SO Mat Reqd in 2008 = Mat Reqd + Ending Inv -Op Inv

= 325000 + 81250 - 50000

= 356,250 feet

3 0

3 years ago

The unadjusted trial balance at year-end for a company that uses the percent of receivables method to determine its bad debts ex

kati45 [8]

Answer:

Bad debt expense A/c Dr $7,480

To Allowance for doubtful A/c $7,480

Explanation:

According to the scenario, the given data are as follows:

Accounts receivable = $438,000 debit

Allowance for doubtful Accounts = $1,280 credit

Net sales = $2,130,000 credit

Uncollectible percentage = 2%

So, Uncollectible amount = $438,000 × 2% = $8,760

As Allowance for doubtful accounts is in credit, so, it get subtracted.

So, Bad debt expense = $8,760 - $1,280 = $7,480

So, The adjusting entry are as follows:

Bad debt expense A/c Dr $7,480

To Allowance for doubtful A/c $7,480

(Being the bad debt expense is recorded)

6 0

4 years ago