Answer:
b)
i) Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.
Total Income = Taxable income + Non-taxable income
= $50000 + $30000
= $80000
ii) Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.
= ($80000/$50000)*8000
=$12800
iii) Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.
= $30000 - ($12800-8000)
= $25200
Subtotal the income shown on lines 1 through 8 of Form 1041 and add the tax-exempt income from line 1 in “Other Information” on the back of the return to arrive at total income.
Divide the total income by the total taxable income and multiply the results by the total fiduciary fees.
Take the deductible fees on line 12 and subtract the balance from the total tax-exempt income to arrive at the adjusted tax-exempt income.
Place that number on Schedule B, line 2.
Explanation:
If the financial markets are efficient, then investors should expect their investments in those markets to Market efficiency. The Market efficiency refers to how well current prices reflect all available, relevant information about the underlying assets' actual value. Because any information is useless in a truly efficient market, beating the market is impossible.
If the New York Stock Exchange is a well-functioning market, Company ABC's share price accurately reflects all available information about the Market. As a result, all NYSE participants could predict that Company ABC would release the new product. As a result, the company's stock price remains unchanged.
To learn more about Market, click here.
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The answer is B because if you times 2468 by 6 and you take away the 5% of discount you get ur answer
The answer is D. <span>. most companies recognize the need for organizational leaders to get feedback from their employees
For most companies, the upper management level employee rarely took any form of advice/feedback from lower level employees.
This is really dangerous for the well-being of the company because not only it cause resentment among them, it also make the company miss the chance to detect the fatal flaw that may exist in their operation</span>
Answer:
1. The Journal entry is shown below:-
2. $11,400
3. $558,600
Explanation:
The Journal Entry is shown below:-
Bad debt expense = (Accounts receivable ending balance × Percentage estimated as uncollectible) + Existing debit balance in allowance for doubtful accounts
= $570,000 × 2% + 5,500
= $11,400 + 5,500
= $16,900
Bad debt expense Dr, $16,900
To Allowance for doubtful accounts $16,900
(Being bad debt expense is recorded)
2. The ending balance in Allowance for doubtful accounts = Accounts receivable ending balance × Percentage estimated as uncollectible
= 570,000 × 2%
= $11,400
3. Cash net realized value = Account receivable - The ending balance in Allowance for doubtful accounts
= $570,000 - $11,400
= $558,600
