Answer:
$755 taxes due
Explanation:
Data provided in the question
Gross tax liability = $7,255
Credits available = $2,450
Taxes withheld by his employer = $4,050
So by considering the above information, the Jamison taxes due with his tax return is
= Gross tax liability - credits available - taxes withheld by his employer
= $7,255 - $2,450 - $4,050
= $755 taxes due
<span>Answer is $17,325.
Since the salvage value of the asset after its four years of useful life is $3,300 while its current purchase value is $28,500; we need to depreciate the difference over 4 years. That us $25,200 to be depreciated over 4 years using a straight line method. At December 31 of year 3, the asset will be 2.75 years old(2 years, 9 months). Hence the accumulated depreciation is $25,500*(2.75/4). This is $17,325.</span>
Answer:
B. Cost of goods sold will be too low by $5,000.
Explanation:
Given that
Ending inventory overstated in the current year by $5,000
And, the net income is incorrectly reported $100,000
So, due to this error
The cost of goods sold is understated by $5,000
And, the net income is overstated by $5,000
Since the cost of goods sold is understated by $5,000 so it would be too low due to which the net income overstated by $5,000
Another term for the word "vertical hierarchy" is "the chain of command." A vertical hierarchy is an organisational structure that looks like a pyramid. Located at the topmost portion of this "pyramid" are the executives of a company, and below it are the supervisors in different departments and divisions.
This kind of agreement is called EXCLUSIVE AGENCY.
Exclusive agency is a contractual agreement under which the listing broker acts as an agent and the owner agree to pay a commission to him if the property is sold through the effort of any person with the exception of the owner of the property.
