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3 years ago

Form 1040EZ is used by individuals who do not claim a lot of deductions. a. True b. False

Business

2 answers:

hodyreva [135]3 years ago

8 0

Answer:

True

Explanation:

Form 1040EZ is a short version of the 1040 form to file the income tax return. This form is used by people with a simple tax situation that have an income of less than $100,000 and have no dependents. Also, this form only have a few deductions available and because of this it is true that it is used by individuals who do not claim a lot of deductions.

MaRussiya [10]3 years ago

6 0

True. Form 1040EZ is called the short form.

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An economic system:

seropon [69]

Answer:

B. is a particular set of institutional arrangements and a coordinating mechanism used to respond to the economizing problem.

Explanation:

Economic system -

It is the system that is responsible for the resource allocation , production and the distribution of the services and goods , is known as an Economic system .

Economic system includes - the institutions of decision-making , agencies .

It works to deal with the problem related to the economy of a country or society .

Hence , the correct option is ( b ) .

5 0

4 years ago

A difference between operations and projects is that operations end when their objectives have been reached, whereas projects do

maxonik [38]

Answer:

FALSE

Explanation:

It is False that the difference between operations and projects is that operations end when their objectives have been reached, whereas projects do not.

The reverse is true because projects are time-bound and they come to an end when their objectives have been achieved, but company operations are expected to continue as a going concern.

A project is an activity to meet the creation of a unique product or service, an thereafter terminates while operations are day to day routine activities that are expected to continue

3 0

3 years ago

Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100.000 shares of common

Gnesinka [82]

Answer:

Power Drive Corporation

Stockholders' Equity Section

December 31, 2021

Paid in capital:

Common Stock $1 par $160,000

(160,000 shares authorized, 157,250

shares outstanding)

Additional paid in capital, $8,360,000

in excess of par value

Additional paid in capital, $13,750

from Treasury Stock

Total paid in capital $8,533,750

Retained earnings $2,879,625

Sub-total $11,413,375

Treasury Stock ($165,000)

Total Stockholders' Equity $11,248,375

Explanation:

beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000 + $60,000
Additional Paid-in Capital, $5,000,000 + $3,360,000 + $13,750
Retained Earnings, $2,500,000 + $650,000 - $270,375
treasury stock $330,000 - $165,000

Net income for the year ended December 31, 2021, is $650,000.

March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share.

Dr Cash 3,420,000

Cr Common stock 60,000

Cr Additional paid in capital 3,360,000

May 10 Purchases 5,500 shares of treasury stock for $60 per share.

Dr Treasury stock 330,000

Cr Cash 330,000

June 1 Declares a cash dividend of $1.75 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)

Dr Retained earnings 270,375

Cr Dividends payable 270,375

July 1 Pays the cash dividend declared on June 1.

Dr Dividends payable 270,375

Cr Cash 270,375

October 21 Resells 2,750 shares of treasury stock purchased on May 10 for $65 per share

Dr Cash 178,750

Cr Treasury stock 165,000

Cr Additional paid in capital 13,750

4 0

4 years ago

A model that shows the trade-offs and opportunity costs of producing an additional unit of a good relative to what must be given

Anna007 [38]

Answer:

production possibilities curve (PPC)

Explanation:

The PPC is used to explain the tradeoffs that producers face when having to choose between 2 different alternative products or services. The more they choose of one product, the less they will be able to produce of the other product. Opportunity costs are the associated costs or benefits lost resulting from choosing one activity or investment over another alternative.

3 0

3 years ago

Which of the following statements does correctly explain the effect of additional debt on the weighted average cost of capital (

Aleksandr-060686 [28]

Answer: The net effect of additional debt on WACC is uncertain.

Explanation:

Weighted Average Cost of Capital (WACC) refers to the rate of return that a company is paying it's capital providers on average be it debt holders or shareholders.

Adding additional debt to the mix effects the WACC in an uncertain way due to the different ways the WACC could react. For example, adding additional debt decreases the after-tax cost of debt because debt is tax deductible which means that more money can flow to shareholders so that reduces the cost of equity. At the same time however, Additional debt can increase the risk of bankruptcy meaning that the before tax cost of debt rises which also increase the WACC.

The effect can swing either way thereby making it uncertain.

5 0

3 years ago