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zmey [24]
3 years ago
14

In January 2015, Post, Inc. estimated that its year-end bonus to executives would be $840,000 for 2015. The actual amount paid f

or the year-end bonus for 2014 was $770,000. The estimate for 2015 is subject to year-end adjustment. What amount, if any, of expense should be reflected in Post's quarterly income statement for the three months ended March 31, 2015?a. $ 0. b. $192,500. c. $210,000. d. $840,000.
Business
1 answer:
Juli2301 [7.4K]3 years ago
3 0

Answer:

c. $210,000.

Explanation:

amount of expense to be reflected in Post's quarterly income statement

= 840,000 / 4

= $210,000

Therefore, The amount of expense that should be reflected in Post's quarterly income statement for the three months ended March 31 is $210,00.

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The type of business organization recommended in this case is the sole proprietorship, which is a business managed by a single person, with greater facilities to start up.

<h3 /><h3>Sole Proprietorship characteristics</h3>

It is owned and managed by only one person, with no legal distinction between the company and the owner, that is, it is an unincorporated company, whose owner is responsible for paying personal income taxes on the company's profits.

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6 0
2 years ago
Smith buys and sells equity securities. On December 15, 2021, Smith purchased $542,000 of Jones shares and elected the fair valu
Kamila [148]

Answer:

$46,000

Explanation:

We can find out the the revaluation gain that need to be reported at the year end by just deducting the the cost of the investment by its current fair value .

DATA

Fair value = 588,000

Cost = 542,000

Revaluation gain = Current fair value - Cost

Revaluation gain = 588,000 - 542,000

Revaluation gain = $46,000

The revaluation gain of $46,000 will be reported in other compreensive income of smith's financial statements.

3 0
3 years ago
16. Demographics are
ZanzabumX [31]

Answer:

statistical data relating to the population and particular groups within it.

Explanation:

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7 0
3 years ago
Suppose nominal GDP in 2006 was $14460 billion. If the current year price index is 127. What was the real GDP for 2006 (in billi
Musya8 [376]

Answer:

$113.86 billion

Explanation:

Real GDP = nominal GDP/ price index

Real GDP =  $14460 billion / 127 = $113.86 billion

I hope my answer helps you

7 0
3 years ago
Which of the following is not an example of a natural experiment an economist might use to evaluate a theory? a. Transit ridersh
Verdich [7]

Answer:

Example of not a natural experiment an economist might use to evaluate a theory is:

C. Here the Students in a microeconomics principles course are advised to play a game with their classmates to determine and evaluate what all decisions they make under certain adjusted circumstances.

Explanation:

Natural experiment : A natural experiment is referred to an observational and also an empirical study in which we get to study about the experimental and controllable varieties of variables. which can not het manipulated anywhere by the researchers.

Instead these experiments are allowed to affect the environment and the nature or the different factors which are not under control of our researchers. In contrast to the experimental values and all the natural experiments are even not controlled by the researchers but instead they also admire and obseve those experiments for their own studies.

So, the right option is:

C. Here the Students in a microeconomics principles course are advised to play a game with their classmates to determine and evaluate what all decisions they make under certain adjusted circumstances.

7 0
3 years ago
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