Answer:
The tool is designed for taxpayers who were U.S. citizens or resident aliens for the entire tax year for which they're inquiring. If married, the spouse must also have been a U.S. citizen or resident alien for the entire tax year.
Explanation:
The common errors that leads to unbalanced account and are the easiest to resolve includes the <em>error of </em><em>Omission, Commission</em>. <em>Original Entry and Duplication</em><em>.</em>
In accounting, there are different type of error that could result to the unbalanced account, that is, leaving the Trial balance or Balance sheet unbalanced.
Generally, the recognized type of errors in accounting includes:
- <em>Error of Original Entry</em>
- <em>Error of Duplication</em>
- <em>Error of Omission</em>
- <em>Error of Entry Reversal</em>
- <em>Error of Principle </em>
- <em>Error of Commission</em>
- <em>Transposition Errors</em>
- <em>Rounding Errors </em><em>etc</em>
In conclusion, the common errors that leads to unbalanced account and are the easiest to resolve includes the <em>error of </em><em>Omission, Commission</em>. <em>Original Entry and Duplication</em><em> </em>because they are easy to correct.
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<em>brainly.com/question/5188412</em>
Answer:
a. $50,000
b. 2.25 times
c. 0.75 times
Explanation:
a. The formula to compute the working capital is shown below:
Working capital = Current assets - current liabilities
where,
Current assets = Cash + accounts receivable + merchandise inventory
= $16,000 + $44,000 + $60,000
= $90,000
And, the current liabilities would be
= Wages payable + accounts payable
= $10,000 + $30,000
= $40,000
Now put these values to the above formula
So, the value would be equal to
= $90,000 - $40,000
= $50,000
b. Current ratio = Total Current assets ÷ total current liabilities
= $90,000 ÷ $40,000
= 2.25 times
c. Acid-test ratio = Total Current assets - merchandise inventory ÷ total current liabilities
= $90,000 - $60,000 ÷ $40,000
= 0.75 times
Answer:
Total needed= $2,700,000
Explanation:
Giving the following information:
The deficit for the first year of retirement, 10 years from now, is $90,000. He expects to be in retirement for 30 years and believes he can earn a 7% after-tax annual return on invested dollars. Inflation is expected to average 4% annually over this same period.
Real rate= 7 - 4= 3%
Total needed= 90,000*30= 2,700,000
Answer
The answer and procedures of the exercise are attached in the image provided below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
