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Svetllana [295]
3 years ago
8

Alayna is a voice and singing coach. She is a calendar-year taxpayer using the accrual method of accounting. On November 2, 2018

, she received $3,200 for a 2-year contract for 64 one-hour voice and singing lessons beginning on that date. The contract provided that Alayna give 8 lessons in 2018 and 48 lessons in 2019, with the remaining lessons to be given in 2020. What is the amount that Alayna should report on her 2019 return?a. $0b. $3,200c. $2,400d. $2,800
Business
1 answer:
Umnica [9.8K]3 years ago
5 0

Answer:

She should report $2400.00

Explanation:

She has a contract for 64 hours and she gets $3200.00 Just by aritmethics, this is doing a division we can find that she gets $50.00 for every hour, therefore if she gives 48 hours in 2019 we multiply $50.00 for 48 hours and we get $2,400.00

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Answer:

2. Government is necessary, because people do not always behave perfectly.

Explanation:

<em>Option 1</em> is wrong because if the government cannot control people, there is no use of making policy. It contradicts James Madison's quota.

<em>Options 3</em> and <em>4</em> are incorrect because the government is a necessary element.

Option 2 is correct, as the government is an essential element. Without government, people may become clueless and clumsy. To make peace in the nation, the government has to control its people.

6 0
3 years ago
If you buy the stock and plan to sell it 3 years from now, what are your expected cash flows in (i) year 1; (ii) year 2; (iii) y
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Answer and Explanation:

Year 1 Dividend = 1.04

Year 2 Dividend = 1.08

Year 3 Dividend = 1.12

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Year 2 Total Cash Flow = 1.08

Year 3 Total Cash Flow = 15.74

3 0
3 years ago
Is it 50 hours in a day ?
Orlov [11]

50*7=350 days.

Succesfull!

3 0
3 years ago
Read 2 more answers
On January 2, 2020, Pronghorn Company sells production equipment to Fargo Inc. for $52,000. Pronghorn includes a 2-year assuranc
Yanka [14]

Answer:

January 2, 2020

Dr Cash $52,000

Cr Sales Revenue $52,000

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Cr Cash $890

December 31, 2020

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Cr Warranty Liabiltiy $640

Explanation:

Preparation of the journal entry to record this transaction on January 2, 2020, and on December 31, 2020.

January 2, 2020

Dr Cash $52,000

Cr Sales Revenue $52,000

December 31, 2020

Dr Warranty expense $890

Cr Cash $890

December 31, 2020

Dr Warranty expense$640

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6 0
2 years ago
You are the General Manager of a regional chemical company. In the course of producing your bulk chemicals, large amount of part
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Answer:

The answer is explained below

Explanation:

The companies board of directors as well as you would consider whether it is best to install the scubber system. When determining whether to install the scubber system both short and long term consequences are to be considered. If presently, the level of pollution is legal, you need to consider if in the future it would be legal? if the installation of the scubber system would affect the public relations of the company. After considering all this, it would be better to install because the pollution can lead to death, and the neighborhood can sue the company. Also the EPA regulations can be regulated.  

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