All categories

4 years ago

What type of information is required on a 1040 EZ form

1 answer:

4 0

<span>IRS Form 1040EZ is the simplest of the three tax forms you can use to file your federal income taxes. If your taxable income is less than $100,000, you don't claim any dependents and you file as single or are married filing jointly, then you may be eligible to file Form 1040EZ. hope it works</span>

You might be interested in

The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a

ycow [4]

Answer:

c. $88,700

Explanation:

The computation of operating income for Winston Corporation is shown below:-

Particulars Dropping before Dropping after

Sales a $469,000 $383,500

($295,000 × 130%)

Variable cost b $181,000 $131,300

($101,000 × 130%)

Contribution margin $288,000 $252,200

(c = a - b)

Direct fixed cost d $160,000 $87,000

Segment margin e $128,000 $165,200

(e = c - d)

Allocated common cost f $76,500 $76,500

Operating income(loss) $51,500 $88,700

(g = d - e)

Therefore to reach the operating income(loss) we simply deduct the allocated common cost from segment margin.

5 0

3 years ago

What is the Current Ratio given the following information?

azamat

Answer:

The correct option is B that is 0.45

Explanation:

Computing the Current Ratio with the formula which is as:

Current Ratio (CR) = Current Assets (CA) / Current Liabilities (CL)

where

Current Ratio (CA) is $477.50

Current Liabilities (CL) is $1075

Putting the values in the above formula of Current Ratio (CR):

= $477.50 / $1075

= 0.444 or 0.45

Note 1: Inventory will not be included while computing the current ratio, as it is already been added in the current assets. Therefore, there is no need of adding it twice in the Assets.

Note 2: This is the correct formula for computing the current ratio and I computed the same with the given information, so it 0.45 is the correct answer.

8 0

3 years ago

Read 2 more answers

ABC Co. has 165 million shares outstanding and expects earnings at the end of this year of $2.05 billion. ABC plans to pay out 4

frosja888 [35]

Answer:

Share price = $85.684

Explanation:

It is given that ,Ke = cost of equity = 15% ,g = Growth = 9.2%% and Dividend and Repurchase = 40%

Now we know that

PV = CF /(Ke- g)

PV = $2.05 billion*0.4 / (0.15-0.092) = 0.84 billion /0.058

=$14137931034.483

Share price = $14137931034.483 / 165000000 million

Share price = $85.684

8 0

3 years ago

Purely competitive industry X has increasing costs and its product is a normal good. The industry is currently in long-run equil

mote1985 [20]

The industry is currently in long-run equilibrium. The economy now goes into a recession and average incomes decline. The result will be an increase in output, but not in the price, of the product. This is further explained below.

<h3>What is a product?</h3>

Generally,

In conclusion, The market is in a state of long-term balance. There is currently a drop in typical salaries and the economy is entering a recession. As a consequence, production will rise without corresponding increases in cost.