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Salsk061 [2.6K]
4 years ago
13

Electronic filing (e-filing): a. Reduces the chances that the IRS will make mistakes when inputting tax return information. b. R

equires the services of a professional. c. Generally results in a slower refund. d. Can be done only by telephone.
Business
1 answer:
TiliK225 [7]4 years ago
3 0

Answer:

a. Reduces the chances that the IRS will make mistakes when inputting tax return information.

Explanation:

Electronic filing simply has to do with the storage of business data on a computer system. It is way safer than filing on paper because these files can be stored and they have backup systems for them too. These systems gives a way of managing such files by organizing, updating, storing and retrieving the files whenever it is necessary.

Option a is the best answer for This question as it points out one of the many advantages of such a system.

You might be interested in
Explanation of what privatization is
navik [9.2K]

Answer:

The transfer of ownership, property or business from the government to the private sector is termed privatization. The government ceases to be the owner of the entity or business. The process in which a publicly-traded company is taken over by a few people is also called privatization.

6 0
3 years ago
The cost of direct materials transferred into the Bottling Department of the Mountain Springs Water Company is $1,098,900. The c
vfiekz [6]

Answer:

direct materials =  $33.00

conversion cost = $90.00

Explanation:

<em>Cost per equivalent unit = Cost during the period ÷ Equivalent units of Production</em>

<u>The direct materials and conversion cost per equivalent unit.</u>

Direct materials = $1,098,900 ÷ 33,300 liters = $33.00

Conversion cost = $603,000 ÷ 6,700 liters = $90.00

5 0
3 years ago
Henry​ Crouch's law office has traditionally ordered ink refills 65 units at a time. The firm estimates that carrying cost is 40
Ronch [10]

Answer:

The answer is: the ordering cost will be $38

Explanation:

We have the formula for economic order quantity is:

EOQ = Square root of ( 2 x S x D / H)

in which: S ordering cost;

               D: Quantity demand

               H: carrying cost

For the law office to act at optimal level by ordering EOQ at 65 units a time, The ordering cost will be found be the equation:

65 = square root of ( 2 x S x 245 / 4.4) <=> 4,225 = (2 x S x 245) / 4.4 <=> 4,225 = 1225S/ 11 <=> S = $38

Thus, the ordering cost will be $38.  

4 0
3 years ago
The ethical, legislative, social initiative is the agency responsible for
meriva

They are responsibl for the consideration of ethical, legal, and social implications related to the human genome.

Hope this helps.

4 0
3 years ago
On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.
salantis [7]

Answer:

  • Gross Profit ⇒ $296,500
  • Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

=  $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income =  Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0
3 years ago
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