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4 years ago

Match the types of agreements to their descriptions. Answer choices are will,living will,trust,prenuptial agreement

Business

2 answers:

jek_recluse [69]4 years ago

7 0

Answer:

Explanation:

prenuptual agreemetwill trust living will

Roman55 [17]4 years ago

4 0

A will has legal impact after you have passes away and has to be filed with the court.

A living will is similar to a regular will be takes effect while you are still alive to figure out where your assets should be placed.

A trust is an agreement that allows a third party to hold the assets on behalf of a beneficiary.

A prenuptial agreement is an agreement made before a marriage that explains what should happen to their assets in the event their marriage does not last. This is common in famous people due to the amount of money they have.

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Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in

Aleks04 [339]

Answer:

A-she can deduct her mileage for driving from her home to her office at the professional suite

B-she can deduct her home office expenses

Explanation:

As a general rule of thumb, every expenses that incurred for business operation can be deducted from your taxes. This rule can still applicable even if you're working from your home.

A car mileage can only be deducted according to the proportion that is used for work  since it's considered as an expense that must incurred in order for Gwen to do her business.

Lunch money is considered as private consumption that does not related to her business operation. This is why it's not tax deducible.

7 0

4 years ago

Pepper Department store allocates its service department expenses to its various operating (sales) departments. The following da

just olya [345]

Answer:

$32,160.00

Explanation:

Each of the expenses would be allocated as follows:

Advertising expense = (300,000/1,000,000) × 30,00 =9,000

Rent ( 3400/10,000 24000) × 24,000 = 8,160

Administrative expenses (8/24 × 45,000) = 15,000

Total expense allocated to Department B

= 9000+ 8160 + 15000

= $32,160.00

4 0

4 years ago

Read 2 more answers

On January 5, 2020, Sheffield Corporation received a charter granting the right to issue 5,100 shares of $100 par value, 7% cumu

andrew11 [14]

Answer:

Sheffield Corporation

Journal Entries

Date Description DR CR

Jan 11 Cash 292,500

Common stock 195,000

Paid in Capital for common stock 97,500

Being the amount received on issue of

Feb 11 Equipment 53,300

Factory Building 152,000

Land 295,000

Prefereed stock 410,000

Paid -in -capital for Preferred stock 90,300

July 29 Treasury stock 25,600

Cash 25,600

Being the payment of own share purchased

Aug 10 Cash 22,400

Retained Earnings 3,200

Treasury stock 25,600

Dec 31 Retained earnings 10,025

Dividend(0.35*19500) 6,825

Treasury stock 3,200

Dec 31 Net Income ( Income Summary) 158,400

Retained Earnings 158,400

Balance sheet as at Dec 31

Equity

Common stock at $10 par value $195,000

7% Preferred Stock 410,000

Paid in capital for common stock 97,500

Paid in capital for Preferred stock 90,300

Retained Earnings ( 158,400-6825-3200) 148,375

941,175

Explanation:

4 0

3 years ago

Jiminez, Inc., had the following transactions during the month of March, current year. Prepare an income statement based on this

Citrus2011 [14]

Question Completion:

Cash received from bank loans was $10,000.

Revenues earned and received in cash were $9,000.

Dividends of $4,000 were paid to stockholders.

Expenses incurred and paid were $5,600.

Answer:

Jiminez, Inc.

Income Statement for the month ended March 31:

Revenue $9,000

Expenses 5,600

Net income $3,400

Dividends 4,000

Retained earnings during the year ($600)

Explanation:

Jiminez, Inc. paid more dividends to stockholders this month than it actually generated in net income. The excess amount of dividends must be from retained earnings carried forward from the previous month. In preparing the income statement for the month of March, Jiminez, Inc. must deduct all the expenses from its revenue to obtain the net income before tax. The bank loan does not form part of the items for the preparation of the income statement, as only temporary accounts are considered.

3 0

3 years ago

What is true about hotel management companies?

abruzzese [7]

they generally manage hotels for a fee

5 0

2 years ago