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kogti [31]
3 years ago
5

Kingbird, Inc. wrote checks totaling $43810 during October and $47839 during November. $41660 of these checks cleared the bank i

n October, and $46735 cleared the bank in November. What was the amount of outstanding checks on November 30
Business
1 answer:
lys-0071 [83]3 years ago
8 0

Answer:

$3,254

Explanation:

The computation of the amount of outstanding checks on November 30 is shown below:            

But first we have to determined the outstanding amount in October which is

= Check written in October month - check cleared in October month

= $43,810 - $41,660

= $2,150

So the outstanding checks amount in November month is

= Outstanding balance in October + checks written in November month - checks cleared in October month

= $2,150 + $47,839 - $46,735

= $3,254

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Robert is a single taxpayer who has AGI of $145,000 in 2019; his taxable income is $122,000. What is his federal tax liability f
PolarNik [594]

Answer:

His tax liability for 2019 (due April 2020) is $23,359.50

Explanation:

Since Robert s a single filer, he falls under the fourth tax bracket: income between $84,201 to $160,725. His marginal tax rate is 24%, and his total taxes due are as following:

<u>tax rate</u>         <u>earnings</u>                          <u>taxes due</u>

10%            $0 – $9,875                        $987,50

12%         $9,875 – $40,125                  $3,630

22%        $40,126 – $85,525                $9,988

24%        $85,526 – $122,000              $8,754

                    total                              $23,359.50      

*Option C is the closest one, but it used the 2018 tax brackets, not the 2019.

7 0
3 years ago
Sheffield Corp. earned $2120 for architecture services provided with the fee to be paid in the future. No entry was made at the
Kay [80]

Answer:  If the fee has not been paid by the end of the accounting period and no adjusting entry is made, this would cause: "d. revenues to be understated.".

Explanation: The income would be underestimated because the income of $2120 that corresponds to the service provided in the accounting period, must be recognized in the accounting period in which the economic events occur regardless of when the income of the funds occurs (accrual principle).

6 0
3 years ago
Plz someone help me i will give brainliest this is on plato
katovenus [111]

Answer:

1. character

2. cash flow

3. credit history

4. collateral

Explanation:

8 0
3 years ago
Arnold is the director of an advertising firm. Being the MD, he has the potential or capacity to affect the behavior of his subo
Vsevolod [243]

Answer:

The correct option is A

Explanation:

Arnold has the potential and capacity which means he has the power but instead he chooses to stick to important paperwork which makes him fail in influencing his subordinates.

3 0
3 years ago
Read 2 more answers
Adhira buys chocolates and almonds. She has 3 bars of chocolates and 4 bags of almonds. The marginal utility of the third chocol
Zanzabum

Answer:

Cannot be determined

Explanation:

If the marginal utility of the third chocolate bar is 18 units of utility and the marginal utility from the fourth bag of almonds is also 18.

For it to be determined if Adhira is maximizing her utility, we need to compare the different units of utility per product to the individual prices of the product.

The Utility Maximization rule states that <u>consumers decide to allocate their money incomes so that the last dollar spent on each product purchased yields the same amount of extra marginal utility</u>.

It is marginal utility per dollar spent that is equalized. and not absolute utility.

6 0
3 years ago
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