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bulgar [2K]
2 years ago
15

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. It had $100,000, $50,000, and

$90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). What is Omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?
Business
1 answer:
nika2105 [10]2 years ago
7 0

Answer: $300,000

Explanation:

Given that,

Taxable income,

First quarter = $100,000

Second quarter = $50,000

Third quarter = $90,000

we need to annualized the cumulative taxable income of first half of the year that will have taxable income for the first and second quarters.

Annualizing the cumulative taxable income:

= 2 × (First quarter taxable income + Second quarter taxable income)  

= 2 × ($100,000 + $50,000)

= $300,000

Therefore, Omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment is $300,000.

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Walmart tracks the habits of the 100 million customers who visit it stores each week and responds with products and services dir
allsm [11]

Answer: database

Explanation: By tracking the habits of the 100 million customers who visit it stores each week and by responding with products and services directed toward those customers' needs based on the information collected, Walmart is engaged in database marketing.

A database is simply a collection of (usually) organised information in a regular structure, usually but not necessarily in a machine-readable format accessible by a computer. The details of customers both previous and potential, contained in a database can be used in direct marketing to generate personalized communications for promoting a product or service for marketing purposes. As such, the practice leverages customer data to deliver more personalized, relevant and effective marketing messages to customers making marketing communications more targeted, efficient, personalized, and an opportunity to improve customer service and experience.

7 0
3 years ago
Which of the following sentences use clear and correct pronoun references? Check all that apply.
balu736 [363]

Answer:

B.

C.

Explanation:

Option A is incorrect because; it is not clear who is he and what he grabbed form the air. Further, it is also not clear who's her.

Option D is incorrect because; it is not clear who are they. And it is a grammar rule that, do not use “they” when referring to unspecified persons.

3 0
3 years ago
Read 2 more answers
Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. It estimates that 1 perce
Dahasolnce [82]

Answer:

A. Debit: Bad Debt Expense 2,500

Credit: Allowance for Doubtful Accounts 2,500

250,000 x .01 = 2,500

B. Debit: Bad Debt Expense 2,750

Credit: Allowance for Doubtful Accounts 2,750

3,000 - 250 = 2,750

8 0
3 years ago
Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per
Alex Ar [27]

Answer:

57.07 months.

Joseph must decide whether the 57th payment was $1,327, or he can pay a 58th payment of just $92.

Explanation:

The easiest way to calculate a monthly payment is using a payment calculator:

  • principal = 59,000
  • n = 60
  • APR = 7.6%

Monthly payments = $1,185.04

Since Joseph will pay an extra $50 each month, his payment = $1,235.04

By paying that extra amount Joseph will reduce his payments by almost 3 months to 57.07 months

After the 57th payment, Joseph' balance = $91.43, so he can decide to pay a little on the 57th payment or just pay $92 next month.  

7 0
3 years ago
Assume the following: The standard price per pound is $2.00. The standard quantity of pounds allowed per unit of finished goods
adell [148]

Answer:

Direct material price variance= $12,500 unfavorable

Explanation:

Giving the following formula:

The standard price per pound is $2.00.

The actual quantity of materials purchased and used in production is 50,000 pounds.

The actual purchase price per pound of materials was $2.25.

<u>To calculate the direct material price (spending) variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (2 - 2.25)*50,000

Direct material price variance= $12,500 unfavorable

6 0
3 years ago
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