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nata0808 [166]
3 years ago
8

Jasmine and her husband, Arty, have been married for 25 years. In May of this year, the couple divorced. During the year, Jasmin

e provided all the support for herself and her 22-year-old child, Dexter, who lived in the same home as Jasmine for the entire year. Dexter is employed full time, earning $29,000 this year. What is Jasmine's most favorable filing status for the year?
Business
1 answer:
Zinaida [17]3 years ago
7 0

Answer:

Single

Explanation:

Under United States federal income tax law, filing status determines which tax return form an individual will use and is an important factor in computing taxable income.

There are five possible filing status categories:

single individual,

married person filing jointly or surviving spouse,

married person filing separately,

head of household and a qualifying widow(er) with dependent children.

Dexter does not qualify as Jasmine's dependent due to his age and his income so Jasmine must file Single for the year.

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Pardee Company makes 30% of its sales for cash and 70% on account. 60% of the account sales are collected in the month of sale,
Lady bird [3.3K]

Answer:

Option (d) is correct.

Explanation:

Cash receipts in month 4 :

Month 4 sales = (30% × 30,000) + (70% × 30000 × 60%)

                        = $21,600

Month 3 sales = 50,000 × 70% × 25%

                        = $8,750

Month 2 sales = 70,000 × 70% × 12%

                        = $5,880

Thus, total cash receipts:

= Month 4 sales + Month 3 sales + Month 2 sales

= $21,600 + $8,750 + $5,880

= $36,230

6 0
3 years ago
Here are your points plus 5 extra
kvv77 [185]

Answer:

thank you for the points back. I appreciate it

3 0
3 years ago
Read 2 more answers
HELPPPPP PLEASEEE DUE TODAY
Paha777 [63]

Direct satisfaction is what it means to you. It means someone really likes it or not. What would they be willing to pay for it to satisfy their need.
Indirect satisfaction is jobs it creates, salaries, popularity

<span>Control management is based on the principles of job specialization and the division of labour. This is the assembly line style of job specialization where employees are given a very narrow set of tasks or one specific task.</span>

3 0
3 years ago
Can you think of some other capital budgeting situations in which negative cash flows during or at the end of the project's life
guapka [62]

Answer:

Multiple IRRs:

Said another way, Multiple IRRs occur when a project has more than one <em>internal rate of return.</em> The problem arises where a project has non-normal cash flow (non-conventional cash flow pattern).

Internal rate of return (IRR) is one of the most commonly used capital budgeting tools. Investors make decisions by comparing the IRR of the project under consideration with the <em>hurdle rate</em>. If the IRR is greater than the hurdle rate, the project is accepted, otherwise it is rejected. When there are more than two IRRs, it is not exactly clear which IRR to compare with the hurdle rate.

Hurdle rate is the minimum required rate of return which businesses use as a benchmark to decide whether to invest in a project or not.

<em>So a typical situation which can generate negative cashflows which can in turn lead to multiple IRRs towards the end of the project is where the conditions of investment become adverse towards the end of the project.</em>

Imagine that toward the end of the lifecycle of a project, a forecasted increase external costs such as Interest Rate, influenced by government policies translates to an erosion of the bottom line generated by the business in that year.

Period                                             0          1       3  3 4 5

Unconventional cash flows ($)-19,000 16,000 16,000 6,000 6,000 -52,000

The series is non-conventional cash-flow pattern, which has two sign changes. This is the range in which the net present value of the non-conventional cash flow series is positive. The multiple IRR problem poses a series problem to analysts because the decision is not obvious.  

Cheers!

5 0
3 years ago
All of the following statements regarding the double-entry system are true except:__________. 1. both sides of the accounting eq
Gennadij [26K]

Answer: both sides of the accounting equation must be affected when recording a transaction using the double-entry system

Explanation:

The double entry principle states that for every financial transaction that takes place, there will be an opposite and equal effects in two different accounts at least. It simply implies that there for every transactions that happens, there are two entries which are the credit entry and the debit entry.

In a double entry principle, the addition of all the debits to the accounts must be thesame as the addition of all credits.

Option A which states that both sides of the accounting equation must be affected when recording a transaction using the double-entry system isn't correct. Both side of the accounting equation aren't affected.

6 0
3 years ago
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