1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tiny-mole [99]
3 years ago
10

Mort schmitt has a cafeteria plan that contains long-term disability insurance, medical expense insurance for himself (he has no

dependents), and dental insurance. his employer failed to comply with terms in the irs code governing constructive receipt. consequently, mort is taxed on the value of any taxable benefit formerly sheltered under the plan.
a. True
b. False
Business
1 answer:
Vaselesa [24]3 years ago
4 0
The answer is TRUE. Hope this helps:)
You might be interested in
Brandon wants to purchase new furniture for his home but does not want his purchases to put him into debt. brandon loves being s
m_a_m_a [10]
Creating an investment account
6 0
3 years ago
Chamonix Chateau Rentals. You are planning a ski vacation to Mt. Blanc in Chamonix, France, one year from now. You are negotiati
nata0808 [166]

Answer:

The budgeted $ amount is  $13,680.88  

Explanation:

The purchasing power parity formula gives us an idea what an exchange spot rate would be in future period using the below formula:

Future spot rate=current spot rate*(1+US inflation)/(1+French inflation)

current spot rate=$1.3620

US inflation rate is 2.50%

French inflation is 3.50%

Future spot rate=$1.3620*(1+2.5%)/(1+3.5%)

future spot rate=$1.3488

The weekly cost of vacation would also be adjusted for inflation rate in France as follows:

Adjusted price=9800*(1+3.5%)=10143

Hence the cost of the one week rental would be 10143  multiplied by the future spot exchange rate of 1.3488 i.e $ 13,680.88   (10143*1.3488)

7 0
3 years ago
You're having trouble coping with stressful life events, so you begin seeing a therapist. The therapist does not focus on your c
Fofino [41]

Answer:

You're having trouble coping with stressful life events, so you begin seeing a therapist. The therapist does not focus on your childhood experiences or on any learned behaviors, but rather she emphasizes the importance of your need for love and acceptance. Her approach is BEST described as reflecting  humanistic psychology.

Explanation:

Humanistic psychology is focused on each individual's potential and stressed the importance of growth and self-actualization.

8 0
3 years ago
The following events took place at a manufacturing company for the current year:
PilotLPTM [1.2K]

Answer: $25,369.50

Explanation:

GIVEN THE FOLLOWING :

Purchased direct material = $97,000

(2) Incurred labor costs as follows: (a) direct, $58,000 and (b) indirect, $15,600.

(3) Other manufacturing overhead was $109,000, excluding indirect labor.

(4) Transferred 80% of the materials to the manufacturing assembly line.

(5) Completed 65% of the Work-in-Process during the year.

(6) Sold 85% of the completed goods.

(7) There were no beginning inventories.

Ending work in process inventory is calculated by;

(Beginning inventory + 0.8(direct material purchased) + direct Labor + (indirect labor + other manufacturing overhead)) × percentage Work in process

($0 + (0.8×97000) + 58000 + (15600+109000))×0.65

=($0 + $77,600 + $58,000 + 124600)×0.65 = $169,130

Ending WIP Inventory = (100-85)% × $169,130

0.15 × $169,130 = $25,369.50

6 0
3 years ago
On January 1, 2020, a county government sends out property tax bills in the amount of $100,000,000. Of this amount, $15,000,000
Lesechka [4]

Answer:

B. $12,000,000

Explanation:

Hi there!

At the beginning of 2020 we estimate the credits that will be uncollectible and constitute the allowance for uncollectible.

<u>The journal entry:</u>

                                                                      Debit             Credit                          

Bad debts expense                               $15,000,000

Allowance for uncollectible account                             $15,000,000

During the year $88,000,000 was collected and part of the forecast must be reversed since it was overestimated (remember that it was estimated to collect $85,000,000 from the $ 100,000,000)

<u>The jorunal entry:</u>

                                                                    Debit             Credit

Allowance for uncollectible account    $3,000,000

Bad debts expense                                                      $3,000,000

Allowance for uncollectible account  ledger, December 31 2020

<h3><u>Allowance for uncollectible acc</u><u>ou</u><u>nt </u></h3>

          Debit                  Credit

                                $15,000,000

      <u> $3,000,000                               </u>

                                   $12,000,000

4 0
2 years ago
Other questions:
  • Helena corporation declared a 2-for-1 stock split on 8,000 shares of $6 par value common stock. if the market price of the stock
    9·1 answer
  • Charles Mott works for a company called VeriSign that acts a trusted third party to verify information. One of Charles' largest
    12·1 answer
  • A rectangular storage container with an open top has a volume of 14 m3. The length of its base is twice its width. Material for
    13·1 answer
  • Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in Overseas Bank through Newt’s investm
    6·1 answer
  • George's Equipment is planning on merging with Nelson Machinery. George's will pay Nelson's shareholders the current value of th
    9·1 answer
  • Nancy, an employee at MegaWorks Corp., has been on the job for only a week. She needs to ask the accountant some questions, but
    9·1 answer
  • Icarus Aviation, Athena Instrumentation, and Hercules Miniaturization are strategic business units of Olympia Industries. One ca
    7·1 answer
  • Can someone pls answer this economics question? (ignore that i have b selected)
    12·1 answer
  • Question 9 of 20
    14·1 answer
  • In the United States, ________ laws prohibit collusion between rivals. a. competitive arbitration
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!