Answer:
Tax return preparers may generally rely on a client's representations without verification unless the information seems incorrect, inconsistent, or incomplete, Option A.
Explanation:
A "tax return preparer" usually relies in good faith without verification upon information furnished by a taxpayer or another advisor or third party. But he has the authority to make inquires in case he feels the information given is incomplete or inconsistent. Also, some of the provisions also require few circumstances or facts to be claimed before deduction is made. So, A tax return preparer should make relevant inquiries to decide if the information given is correct as required by an "Internal Revenue Code" section or a regulation to claim either a deduction or a credit.
Based on the amount that Anna bought the car and the down payment, the dollar finance charge on the loan is $1,280.
<h3>What is the dollar finance charge for Anna's loan?</h3>
This can be found as:
= (Monthly payment x 3 years x 12 months per year) - (Car price - Down payment)
Solving gives:
= (480 x 3 x 12) - (18,000 - 2,000)
= 17,280 - 16,000
= $1,280
Find out more on finance charges at brainly.com/question/3436429.
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Allocated overhead for july $227.20.
You must first determine the overhead allocation rate before you can allocate the overhead charges. To do this, divide the total overhead by the number of hours of direct labor.
Given;
Direct labor hours = 6100 hr
Wages of labor = $14.20/hr
Manufacturing overhead = $277,184
Duration of labor = 5 hr
Overhead allocation rate is given as
Allocation rate = manufacturing overhead/direct labor hour
Allocation rate = 277184/6100 = 45.44/direct labor hr
Allocated overhead for july = 5 X 45.44 = $227.20
Allocated overhead for july = $227.20
Learn more about the overhead allocation with the help of the given link:
brainly.com/question/17291924
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I understand that the question you are looking for is "Harms Shoe Company applies manufacturing overhead based on direct labor hours as the allocation volume. Information concerning manufacturing overhead and labor for July follows: Estimated direct labor 6,100 hours at $14.20 per hour Estimated manufacturing overhead $277,184. How much overhead will be allocated during July to products with a direct labor of 5 hours?"
I believe that it is true, here's an example of such a chart.
Answer:
in order to minimize net cost, the firm needs to remove 2.5 pounds of x (reduction in sulfur) and 1 pound of y ( reduction in lead) each day
Explanation:
Given that;
Subsidiary = 500x + 100y
The Net cost C will be:
For Critical point ; by differentiating with respect to x alone;
For Critical point ; by differentiating with respect to y alone;
For minimum cost = 0
200x - 500 = 0
200x = 500
x = 500/2
x = 5/2
x = 2.5
For minimum cost = 0
100y - 100 = 0
100 y = 100
y = 1
Hence; in order to minimize net cost, the firm needs to remove 2.5 pounds of x (reduction in sulfur) and 1 pound of y ( reduction in lead) each day