Answer:
$21,950
Explanation:
Based on the information given Assuming both of them do not live in a community property state Eugene's taxable income will be calculated as:
Income Earned (Velma) $30,000
Less Eugene's itemized deductions ($4,000)
Less Standard deduction ($4,050)
Eugene's taxable income$21,950
Therefore Eugene's taxable income will be $21,950
Answer:
E) General journal
Explanation:
The general journal is used to record all the accounting transactions carried out by a company. If the company uses an accounting tool software or a more complete ERP software, the transaction should be recorded immediately or as soon as possible.
For example, the journal record for this transaction should be:
- Dr Accounts Payable account 6,000
- Cr Cash account 6,000
Answer:
Stability strategy.
Explanation:
Stability strategy: It is one of the major corporate strategy, which focuses on reducing the risk of expansion, investment or innovation. This strategy generally adopted by small scale businesses and have conservative approach toward risk or if market condition is not favorable for the business. Therefore, they do not make a significant change in their operations, they continue serving the same clients by offering the same product or service, maintaining market share, and sustaining the organization's current business operations.
