Answer:
529
Explanation:
A 529 plan is a plan to encourage savings for future education expenses. The money saved in a 529 plan is not subject to taxation as long as it will be used for education purposes.
Parents, grandparents, or guardians can open 529 savings account for a child, who will be named as the beneficiary. The contributor of funds to the account may be eligible for a state tax deduction for contributing to a 529 plan. The gains on the accounts are exempt from tax if they are to be used on education expenses.
Answer:
The five main characteristics of a c corporation are:
- limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
- corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
- double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
- corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
- corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.
Explanation:
Answer:
c. $3,200 favorable.
Explanation:
We know that
Total controllable cost variance = Budgeted overhead cost - actual overhead cost
where,
Budgeted overhead cost = Variable overhead + Fixed overhead
where,
Variable overhead = 40,000 units × $2 = $80,000
And, the fixed overhead = $72,000
So, the budgeted overhead = $152,000
And, the actual one is $148,800
So, the total controllable cost variance would be
= $152,000 - $148,800
= $3,200 favorable
Answer:
The correct answer is the option A: static budget (based on planned volume) and actual revenue or cost.
Explanation:
To begin with, the name of "Sales volume variance" refers to a method used in the business and accounting field with the main purpose of obtaining the comparison between the planned sales and the actual sales. It does it by stating that the difference between those two multiply by the budget price of the product will result in the variance itself. The goal of this method is to measure the sales performance and to see if there are no mathces with the expected revenues then the company has to take a lead and do something about it.
Answer:
When researching a specific job What information should you be looking for?
7 Things to Research Before Any Job Interview
The skills and experience the company values. ...
Key players of the organization. ...
3. News and recent events about the employer. ...
The company's culture, mission, and values. ...
Clients, products, and services. ...
The inside scoop. ...
The person interviewing you.
Explanation:
