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3 years ago

Who collects Federal Taxes? a. IRS b. INS c. Treasury d. Federal Reserve

Business

1 answer:

OleMash [197]3 years ago

5 0

Hey friend!

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<u>The answer is A.</u> I hope this helps, also, please give brainiest to whoever answers first. I didn't answer first, so you should give brainiest to the other person. (not forcing you to!)

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Have a great Tuesday! (o3o)

- <em>HannaTheGurls</em>

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You might be interested in

Accounts receivable $1,050,000

dimulka [17.4K]

Answer:

c. $ 84,000 increase

Explanation:

The entry when the company wrote off uncollectible accounts:

Debit Allowance for Doubtful Accounts $16,000

Credit Uncollectible accounts $16,000

It makes Account receivable decrease: $16,000

In 2007, Sales on account that were not collected = $290,000 - $172,000 = $118,000

It makes Account receivable at the end of the year increase: $118,000

At 12/31/07,

1. Accounts receivable was: $1,050,000+$118,000-$16,000=$1,152,000

2. Cash realizable value = Accounts receivable - Allowance for Doubtful Accounts = $1,152,000 - $108,000 = $1,044,000

From 12/31/06 to 12/31/07, cash realizable value from the balance increase:

$1,044,000 - $960,000 = $84,000

7 0

2 years ago

You purchased 300 shares of common stock on margin for $60 per share. The initial margin is 60% and the stock pays no dividend.

MrMuchimi

Answer:

- 41.67%

Explanation:

For computing the rate of return first we have to compute the initial investment which is shown below:

= Number of shares × per share × initial margin percentage

= 300 shares × $60 per share × 60%

= $10,800

Now Loss on sale of common stock is

= (Selling price - purchase price) × number of shares purchased

= ($45 - $60 ) × 300 shares

= - $4,500

So the rate of return will be:

= Loss ÷ Initial Investment

= - $4,500 ÷ $10,800

= - 41.67%

7 0

3 years ago

If a consumer refuses to provide required suitability information, what must the producer/insurer do

V125BC [204]

Obtain a customer signed statement acknowledging that an annuity transaction is not recommended if a customer decides to enter into an annuity transaction that is not based on the insurance producer's or insurer's recommendation.

<h3>Who is responsible for verifying your suitability?</h3>

The insurer or third party delegate authorized pursuant to section 224.

6(c) of Regulation 187 conducts a suitability review prior to the issuance of an insurance product or the effectuation of a sales transaction; and.

The insurer has procedures designed to prevent financial exploitation and abuse.

<h3>What factors are important considerations when determining suitability of an annuity sale?</h3>

Suitability Information Gathered by an Insurer

Age.
Annual income.
Financial situation and needs, including the financial resources you're using to fund the annuity.
Financial experience.
Financial goals and objectives.
Intended use of the annuity.
Financial time horizon.

Learn more about insurance here:

<h3>brainly.com/question/15171641</h3><h3 /><h3>#SPJ4</h3>

7 0

1 year ago

Sheridan Company issued $6,500,000 of 6%, 10-year bonds for $5,614,000. The straight line method of amortization is to be used.

Mrac [35]

Answer:

The solution of the given query is explained throughout the segment below.

Explanation:

The given values are:

Company issued amount,

= $6,500,000

Rate of interest,

= 6%

Time,

= 10 years

Now,

On bonds payable amortization, the discount will be:

= $\frac{6,500,000 -5,614,000}{10}$

= $\frac{886,000}{10}$

= $88,600$ ($)

Interest expenses will be:

= $(6,500,000\times 6 \ percent) + 88,600$

= $390,000+88,600$

= $478,600$ ($)

5 0

3 years ago

A strategic vision for a company__________

tatuchka [14]

Answer:

e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.

Explanation:

The vision is how the company will shape the future. How is going to be in term of culture, place in the market and consumer view of the brand.

It is the idealistic foundation of the firm. Is the goal as pure as it can be.

Later, with mision and objective it will break down into smaller part to reach that greater the vision entails

8 0

3 years ago