Answer: A. The $250 will come directly off of the amount of taxes the teachers owe.
Explanation:
When given a tax credit of a certain amount, it means that you can deduct that amount from the taxes you owe which means that the taxes you are to pay will be reduced. If you received a tax credit of $500 for instance and you owed taxes of $2,000, your taxes would become $1,500.
In this scenario therefore, with the teachers receiving a tax credit of $250, taxes that the teachers owe will be reduced by $250.
Answer:
C.) $3,540
Explanation:
The loan borrowed is the Principal = $88,500
Interest rate per year = 12% or 0.012 as a decimal
Interest accrued formula = Principal * rate * time
Note: time will be from Sep1 - Dec 31 = 4 months or 
years
Interest accrued = 88,500 * 0.012 *
Interest accrued = 3,540
Therefore, as of December 31st, 2014, $3,540 would be the interest accrued hence choice C is correct.
Answer:
A.$200,000
B.Dr Loss on impairment $30,000
Cr Goodwill $30,000
Explanation:
(a) Computation of the amount of goodwill acquired by Vinson
Purchase price$900,000
Fair value of net assets $700,000
(Fair value of assets $950,000-
Fair value of liabilities $250,000)
Value assigned to goodwill $200,000
($900,000-$700,000)
(b) Preparation of Vinson’s journal entry to record impairment of goodwill.
Based on the information given we were told
the fair value of Carley is the amount of $720,000 while the implied fair value of goodwill is the amount of $170,000 and we were also told that carrying value of Carley’s net assets as well include the goodwill which is the amount of $750,000 which means that their is loss on impairment because the fair value amount is lower than carrying value which means that the journal entry to record impairment of goodwil will be ;
Dr Loss on impairment $30,000
($200,000 − $170,000)
Cr Goodwill $30,000
Even though your question is not clearle organized, I think I can give you some tips that will help you to do what you need. I can give you some important points which include types of insurance to protect your bussiness. The first one is professional liability insurance, then go property insurance, roduct liability insurance and b<span>usiness interruption insurance. Do hope it will help you in some measure, but next time check it carefully.</span>
The correct answer is the marginal costs are 16 cents per mile for miles above 165 plus the cost of gas. Therefore the marginal cost is $5.60 plus the cost of gas. The initial payment can be forgotten because it is a sunk cost; it is not part of marginal costs.
