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mylen [45]
3 years ago
13

The income statement of Sheridan Company for 2020 included the following items:

Business
1 answer:
larisa [96]3 years ago
8 0

Answer:

cash paid for insurance premium 24,000

Explanation:

We will solve using the beginning nad ending balance along with the insurance expense:

We construct the following identity

beginning prepaid insurance

+ premium on insurance (acquired)

- insurance expense (exired)

equals to

ending prepaid insurance (unexpired at end of the period)

2,200 + premium - 23,100 = 3,100

premium = 3,100 + 23,100 - 2,200 = 24,000

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What is allowable self-employment plan contributions.
matrenka [14]
<h3><em>Answer:</em></h3><h3><em>Answer:For a self-employed individual, contributions are limited to 25% of your net earnings from self-employment (not including contributions for yourself), up to $61,000 for 2022 ($58,000 for 2021; $57,000 for 2020). You can calculate your plan contributions using the tables and worksheets in Publication 560</em></h3>
4 0
2 years ago
Theresa leased a one-bedroom apartment from Landlady for one year at $500 per month. After three months, she vacated the apartme
LenaWriter [7]

Answer:

She owes 4500 because she leased the apartment for 1 year and her yearly total would be 6,000 but since she left after three months the amount she paid was 1,500 and 6,000 - 1,500 is 4,500 that is how much she owes.

Explanation:

I hope this helped have a great day!

5 0
3 years ago
Choose the correct category for the items from Sun Company's perspective.
olga nikolaevna [1]

Answer:

a. Land purchased by Sun Company from a local finance company

1) REAL ASSETS, the land exists as a physical asset regardless of the company's transaction.

b. Sun Company's administration building, which houses the finance department

1) REAL ASSETS, the building exists as a physical asset regardless of the company's transaction.

c. Sun Company's inventories of raw materials

1) REAL ASSETS, the inventories exists as a physical asset regardless of the company's transaction.

d. Accounts receivable: money owed to Sun Company by other companies who have purchased products on credits

2) FINANCIAL ASSETS, accounts receivable is a financial concept, not a physical asset

e. Sun Company's corporate checking accounts

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3 0
2 years ago
Because of the difference between the discipline imposed by market competition and the discipline imposed by political decisions
Cloud [144]

Answer:

Difficulty managing public investment so it's done in a cost effective way

Explanation:

An Economy

This is simply known as a well arranged means by which nations supply or provide for the needs and wants of its people.

Resources

This are simply all the materials or things that is put in place that is used in producing goods and services.

Factors of production includes land, labor, capital, and entrepreneurship.

The reasons for government intervention is due to the allocation function, market failure occurs in case of Public Goods, externalities, Insufficient Competition; distribution function and stabilization function. Government influences decision making by establishing legal framework within which businesses and households operate.

3 0
3 years ago
1. Which of the following sequences of events most accurately portrays a real-life scenario? (1 point)
Lyrx [107]
1. Choice (a) is correct. In a real-life labor union strikes, it usually begins with a notice of strike to be sent to an employer within 60 days known as the cooling-off period. Then, labor unions' strikes begin. If they feel that they are ignored by the employer, then picketing happens. Labor unions carry signs and other rally paraphernalia in the premises of the employer informing the public about their sentiments towards the employer. In this case, the employer will ask the labor union to reach an agreement through collective bargaining agreement. 

2. Choice (a) is correct. The management has three tools to use in case of disagreement. These are an injunction, lockout, and hiring replacement workers. An injunction is a judicial order telling the person from doing so. A lockout is a temporary work stoppage or denial of employment. Hiring replacement workers simply mean looking for another competent worker that can do the job of the vacated position.

4 0
2 years ago
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