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2 years ago

T/F Some insurance usually has a higher price for younger people because younger people have more accident

Business

1 answer:

kondor19780726 [428]2 years ago

6 0

The answer to this question is true
i hope this helps u

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On September 1, Home Store sells a mower (that costs $200) for $500 cash with a one-year warranty that covers parts. Warranty ex

Makovka662 [10]

Answer and Explanation:

The journal entries are shown below:

On Sep 1

Cash $500

To Sales revenue $500

(Being the sale is recorded))

On Sep 1

Cost of goods sold $200

To Finished goods inventory $200

(Being the the cost of mower sales is recorded)

On Sep 1

Warranty expense (8% × $500) $40

To Warranty liability $40

(Being the estimated warranty expense is recorded)

On Jan 24

Warranty liability $35

To Repair parts inventory $35

(being the cost of warranty repairs is recorded)

6 0

3 years ago

Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real

Diano4ka-milaya [45]

<span>Julieâ€™s nominal wage increase is 10% whereas her real wage increase in only 7% because 3% of her wage increase is negated by the increase in the cost of goods and services reflected by the 3% increase in the CPI.</span>

7 0

2 years ago

Yvette Bradbury is an account representative at Commerce Savings Bank, earning $45,600 annually, paid semimonthly. She contribut

FrozenT [24]

Answer:

taxable income per pay period = $1,637.50

Explanation:

first we must determine Yvette's pay per period. Since she is paid semimonthly, that means she gets paid twice a month = $42,000 / (12 x 2) = $42,000 / 24 pay periods = $1,750 per pay period

her 401 (k) contributions = $1,750 x 3% = $52.50

her medical premium = $60

taxable income per pay period = $1,750 - $52.50 - $60 = $1,637.50

7 0

3 years ago

At the beginning of the year, Oak Corp. (an S corporation) had $50,000 in its AAA, $30,000 of earnings and profits from prior C

Hunter-Best [27]

Answer:

$20,000

Explanation:

Calculation to determine How much income does Ethan recognize this year from these transactions

First step is to calculate the share of ordinary income Amount

Share of ordinary income amount=$25,000 × 25%

Share of ordinary income amount=$6,250

Second step is to calculate AAA distribution

AAA distribution=[$50,000 + $25,000] × 25%]-[$30,000-($50,000 + $25,000 × 25%)]-

AAA distribution =$18,750-$11,250

AAA distribution=$7,500

Third step is to calculate the distribution treated as dividend

Distribution treated as dividend= $25,000 × 25%

Distribution treated as dividend= $6,250

Now let calculate the income recognized

Income recognized=$6,250+$7,500+$6,250

Income recognized=$20,000

Therefore How much income does Ethan recognize this year from these transactions is $20,000

3 0

2 years ago

A marriage license is not a form of tax. True or False

Semmy [17]

This is actually false, Don't believe the guy who said true.

8 0

2 years ago

Read 2 more answers