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oksano4ka [1.4K]

3 years ago

5

When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho

uld ask the taxpayer if they had any other interest income.
a. True.
b. False.

1 answer:

Olenka [21]3 years ago

7 0

Answer:

True

Explanation:

yes it is true that you should ask the taxpayer if they had any other interest income to avoid double taxation elsewhere

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Fred and george have been in partnership for many years. the partners, who share profits and losses on a 60:40 basis, respective

Doss [256]

I'm not gonna tell u the answer but u have to set 60:40 as a ratio to set it as a ratio u put 60/40 and then simplify to simplify those two number u have to divide by ten and find the relationship of those two number after y simplify and get ur number u scale up or down so after All those u have a fraction and then do the steps all over to $10,000

6 0

3 years ago

Kiddie World uses a periodic inventory system and the retail inventory method to estimate ending inventory and cost of goods sol

Levart [38]

Answer:

Ending inventory is $424,045

Cost of goods sold is $889,955

Explanation:

Retail Inventory method is used to estimate the value of inventory using retail price of the unit of inventory.

As per given data

Cost Retail

Beginning inventory $370,000 $515,000

Net purchases $890,000 $ 1,280,000

Freight-in $54,000

Net markups $55,000

Net markdowns $25,000

Net sales $1,235,000

Cost of Purchase = 890,000 + 54,000 = $944,000

Retail Price of Purchases = Net Purchases Retail + ( Net Markup ) = $1280,000 + ( 55,000 - 25,000 ) = 1,310,000

Cost to retail Percentage = ( $944,000 / $1,310,000 ) x 100 = 72.06%

Closing Inventory = Purchases + Net Markup - Sales = $1,280,000 + ( $944,000 / $1,310,000 ) - $1,235,000 = $75,000

Retail Cost

Beginning inventory $515,000 $370,000

Net purchases <u>$75,000</u> <u> $54,045</u> ( $75,000 x 72.06% )

Ending Inventory <u>$590,000</u> <u>$424,045</u>

Closing Inventory = Opening + Purchases - Closing = $370,000 + ( 890,000 + 54,000 ) - 424,045 = $889,955

7 0

3 years ago

The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of

slava [35]

Answer:

P0 = $66.6429 rounded off to $66.64

Option c is the correct answer

Explanation:

Using the two stage growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,

P0 = D0 * (1+g1) / (1+r) + D0 * (1+g1)^2 / (1+r)^2 + ... + D0 * (1+g1)^n / (1+r)^n + [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]

Where,

g1 is the initial growth rate

g2 is the constant growth rate

r is the required rate of return

P0 = 2* (1+0.2) / (1+0.1) + 2 * (1+0.2)^2 / (1+0.1)^2 + 2 * (1+0.2)^3 / (1+0.1)^3

+ 2 * (1+0.2)^4 / (1+0.1)^4 + 2 * (1+0.2)^5 / (1+0.1)^5 +

[(2 * (1+0.2)^5 * (1+0.04) / (0.1 - 0.04)) / (1+0.1)^5]

P0 = $66.6429 rounded off to $66.64

7 0

3 years ago

Which of the following would be considered an example of rent seeking? A. lobbyists securing spending policies that benefit thei

maks197457 [2]

I think the correct answer would be politicians trading favors that do not benefit the mass populace of voters. Rent seeking is a practice that involves the use of public policy in order to get benefit from it like increasing their benefits in the expense of other. This oftentimes done by a number of politicians.

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Monique involves her staff as much as possible in decisions that affect guest services at the brainbook hotel. many of her emplo

masya89 [10]

Thank u so much guys

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3 years ago