Answer:
The control has been implemented but is not operating effectively.
Explanation:
Budgetary control in finance can be regarded as the management of income as well as expenditure. It involves comparison of actual income/ expenditure with the planned income/ expenditure on regular basis so that it will be easier to know if there is need for corrective action. It should be noted that if a budgetary reporting system provides adequate reports, but the reports are not analyzed and acted upon, then there is implementation of control already but there is no effective operation.
<span>#1) Which of the following is not true concerning Income Tax Refunds?
Answer: Out of all the options that are presented above the one that is not true concerning Tax Refunds is that It is advantageous to receive a large sum of money in the form of a refund so that you can use the money to pay down debt.
#2) When claiming dependents, they must meet the following criteria EXCEPT:
Answer: Out of all the options that are available the only one that is not a criteria that they must meet when claiming dependents is that the dependent must reside with you for the entire year.
#3) If you opt to put money in a medical flexible spending account rather than trying to amass enough medical expenses to itemize on your tax return, you are taking advantage of _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is an Exclusion.
#4)A form of taxation in which everyone pays an equal rate of taxes is called a _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is Flat Tax.
#5) A form of taxation in which the highest income earner pays the largest percentage of taxes is called a _____.
Answer: Out of all the options that are presented the one that completes the statement and makes it true is a progressive tax.
#6) A form of taxation in which the lowest income earners pay the largest percentage of taxes is called a _____.
Answer: The form of taxation that the lowest income earners pay the largest percentage of taxes is called a regressive tax.
#7) Which of the following is not considered part of your gross income?
Answer: Out of all the options that are show the one that is not considered part of your gross income are bartered goods and services.
#8) Which of the following is not true about your adjusted gross income?
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Answer</span><span>: Out of all the options that are available the one that is not true about your adjusted gross income is that it is your income plus your deductions.
#9) Which of the following is true about standard deductions?
Answer: Out of all the options that are available the one that is true about standard deductions is that they are tax breaks that you can claim without having to itemize. They reduce your tax bill rather than your taxable income, although you have to itemize in order to take advantage of this.<span>
</span>#10) A dollar–for–dollar reduction in your tax payment is called a _____.
Answer: This is called credit.
P.s: I noted that almost all of the answers are selected with a <3. Almost all of them were the same.
I hope it helps, Regards.
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Answer:
B.Cash received from issuing common stock to stockholders is reported as a financing activity cash flow within the statement of cash flows.
Explanation:
As when common stock is issued, it provides cash to the company, for any kind of investments, or expense to be made, for running the business.
Financing activities are those which arrange monetary assets generally cash for the company, issue of securities, issue of bonds, borrowings as loans or note payable.
Thus, the statement B is correct.
Further dividends are provided after tax, and are distribution from net income, but not shown under that.
Providing services on account will provide revenue and net income will increase.
Purchasing of any equipment is investing as it will create an asset for the company.
Answer:
Fabricating Department = $136470= 53000 +total 49100 of $1.7 per direct labor hours
Assembling Department = $$ 90,410= 43000 +total 43100 of $ 1.10 per direct labor hours
Explanation:
<em>When a fixed line intersects a vertical axis at the point of total budgeted cost line represents total cost of the activity . From this we can calculate the following.</em>
Fabricating Assembling
Total Cost for 46100 DLH $131,370 $93,710
Fixed Costs (53000) (43,000)
Variable Costs 78370 50,710
Variable Cost Per hour 78370 / 46100 50,710 / 46100
= $ 1.7 = $1.10
Fabricating Assembling
Total DLH 49100 43100
Variable Cost Per hour $ 1.7 $1.10
Variable Costs $ 83470 $ 47410
Fixed Costs 53000 43,000
Total Budgeted Cost 136470 $ 90,410
False patient records are very structured so that they know what they have done and when they did it to make further progression
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