Answer: April 2024
Explanation:
Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.
It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.
Answer:
Allocated costs= $116.7
Explanation:
Giving the following formula:
The activity rates associated with each activity pool are $8.70 per guest check-in, $18.00 per room cleaning, and $3.00 per served meal (not including food).
Julie Campbell visited the hotel for a 5-night stay. Julie had 6 meals in the hotel during the visit.
<u>To allocated costs, we need to use the following formula:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated costs= 8.7 + 18*5 + 3*6
Allocated costs= $116.7
Answer:
Dealing in debt of less than one year.
Used by governments / corporations to keep their cash flow coming in.
Explanation:
Answer: $12717
Explanation:
1. The amount of FICA and/or self-employment tax that Dave is required to pay on his compensation and his
share of the KBS income if KBS is formed as a C corporation, will be:
= 7.65% × $75000
= 7.65/100 × $75000
= 0.0765 × $75000
= $5738
2. As an S Corporation will be:
= 7.65% × $75000
= 7.65/100 × $75000
= 0.0765 × $75000
= $5738
3. As a limited liability company will be:
Dave's compensation = 75,000
Dave's portion of income will be calculated as:
= 50% × $30,000
= 0.5 × $30,000
= $15,000
Total will then be:
= $75000 + $15000 = $90000
We then calculate the net earnings which will be:
= 92.35% × $90000
= 0.9235 × $90000
= $83115
The FICA and/or self-employment tax that Dave is required to pay will then be:
= 15.3% × $83115
= 0.153 × $83115
= $12717
Answer:
D. Moving averages
Explanation:
Moving averages is a method of forecasting which is adopted to receive an overall idea of the trends for a given data
Moving averages is an average of any subset of numbers.
This method is very useful when the long-term trends are to be forecast or when the number of data sets are large in numbers.
