Answer:
A. $0
Explanation:
The Tax Cuts and Jobs Act eliminated personal exemptions starting 2018. It also increased standard deductions though. For example, the standard deduction for married filing jointly for 2019 was $24,400. This is a significant increase if you consider that the standard deduction for married filing jointly in 2017 was $12,700.
Answer:
Option (d) 9.59%
Explanation:
Data provided in the question:
Annual dividends paid by the Brown jug
$0.61, $0.64, $0.71, $0.82, and $0.88 per share over the past 5 years
Now,
Present value = $0.61
Future value = $0.88
Time = 4 years [as there is no interest for the year 1]
Now,
Future value = Present value × (1 + r )ⁿ
here,
r is the geometric average dividend growth rate
$0.88 = $0.61 × (1 + r )⁴
or
(1 + r )⁵ = 1.4426
or
1 + r = 1.0959
or
r = 0.0959
or
r = 0.0959 × 100% = 9.59%
Hence,
Option (d) 9.59%
The person is called Debtor.
On the other hand, the person or business that loan money, goods or services is called crediter. The relationship between the two usually designed to be mutually beneficial for each other. While the debtor get the injecton that they need, the creditors will obtain profit in the form of interest.
Answer:
d. $1,470,000
Explanation:
The computation of the cash realizable value of the accounts receivable is shown below:
= Ending balance of accounts receivable - credit balance of uncollectible amount
= $1,600,000 - $1,30,000
= $1,470,000
For finding out the cash realizable value, we deduct the credit balance of uncollectible amount from the ending balance of accounts receivable
Answer and Explanation:
The computation is shown below:
a. The predetermined overhead rate is
= Overhead applied ÷ direct material cost
= $600,000 ÷ $1,500,000
= 40%
2. The direct labor cost and the overhead cost assigned is
= Total cost in process - applied overhead - material cost
= $50,000 - ($30,000 × 0.40) - $30,000
= $8,000
Hence, the same would be considered
