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3 years ago

Identify a realistic scenario that poses both fallacious and valid arguments.

1 answer:

5 0

2 people who have been awake for 76 hours had no nutrients and they get dehydrated. Then they talk about there belief system and realize what there doing is wrong.

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The Jones are a married couple and have always filed joint tax returns. On May 18, 2017, the couple was assessed with tax defici

Katena32 [7]

Answer:

c. May be able to avoid liability to the extent she had no reason to know of the deficiency (and did not have actual knowledge) when filing the return. The burden of proof will be on her.

Explanation:

The doctrine of innocent spouse relief might apply here. Mrs. Jones will have to prove that:

the income that was omitted was earned by her husband, not her.
she must prove that when she signed the tax filings, she was not aware of the omission.
after examining all the facts surrounding the omission, the IRS must decide that blaming her would not be fair.

8 0

3 years ago

Bluestone Company had three intangible assets at the end of the current year:

adoni [48]

Answer and Explanation:

The computation is shown below:

1) Calculation of the acquisition cost is

Patent = $4,000

Trademark = $210,000 + $8,500 = $218,500

Licensing Rights = $80,000

2) Computation the amortization expense is

Patent = $4,000 ÷ 10 = $400

Trademark = $218,500 ÷ 10 = $21,850

Here we assume the indefinite life of 10 years

Licensing Rights = $80,000 ÷ 5 = $16,000

Income statement:

Amortization expense $38,250 ($400 + $21,850 + $16,000)

Balance sheet at year end december:

Fixed assets

Intangibles

Patent $3600 ($4,000 - $400)

Trademark $196,650 ($218,500 - $21,850)

Licensing Rights $64,000 ($80,000 - $64,000)

8 0

3 years ago

The multiplier is greater than 1 because the change in autonomous expenditure leads to _______.

tangare [24]

Answer:

The correct answer is option B.

Explanation:

The multiplier shows the increase in total production due to change in expenditure.

The change in total expenditure is always greater than the change in expenditure.

This happens because a change in autonomous expenditure leads to grater change in the induced expenditure

Consequently, the value of multiplier is always greater than 1.

3 0

4 years ago

Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $47,7

LenaWriter [7]

Answer:

$41,650

Explanation:

Contribution margin is the net of sales and variable costs.

Contribution Margin:

Division A = $47,700

Division B = $231,000 x 35% = $80,850

Company calculates the Net Income after deducting The traceable and common fixed costs from the total contribution margin.

Total contribution margin = $47,700 + $80,850 = $128,550

Net Income = Total contribution margin - Traceable Fixed Expense - Common Fixed expenses

$27,200 = $128,550 - $59,700 - Common Fixed expenses

$27,200 = $68,850 - Common Fixed expenses

Common Fixed expenses = $68,850 - $27,200 = $41,650

4 0

3 years ago

Cherokee Manufacturing Company established the following standard price and cost data: Sales price $ 12.00 per unit Variable man

blagie [28]

Answer:

Pro forma income statement in contribution format

Sales ( 2,200 units × $ 12.00) 26,400

Less Variable Costs :

Variable manufacturing cost ( 2,200 units × $ 7.20) (15,840)

Contribution 10,560

Less Expenses :

Fixed manufacturing cost (3,600)

Fixed selling and administrative cost (1,200)

Net Income 5,760

Explanation:

A flexed budget shows the Budgeted Costs and Revenues at Actual level of production rather than the Budgeted level of production.

4 0

3 years ago