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Vesnalui [34]
3 years ago
13

PLEASE HELP!! APEX

Business
1 answer:
victus00 [196]3 years ago
8 0

Answer:

adjusted gross income tax is an individuals total gross income minus specific deductions.

taxable income is adjusted gross income minus allowance for personal exemptions and itemized deductions.

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an economy where more money is being collected than is being allocated or spent is known as what type of economic stance
nlexa [21]

It is known as Contractionary.

4 0
3 years ago
Read 2 more answers
Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for
Alina [70]

Answer:

June 1, 2021

No entry – neither party has performed under the contract.

August 1,2021

Dr.  Cash                                        $4,000

Dr.  Accounts Receivable            $700

Cr.  Unearned Service Revenue  $1,085

Cr.  Sales revenue                        $3,615

Dr.  Cost of goods Sold                $2,300

Cr.  Inventory                                 $2,300

Explanation:

As no one performed under the contract on June 1, 2021, so there will be no entry on this day.

On August 1, 2021, Windsor has 2 performance obligations

First: Delivery of the windows

&

Second: Installation of the windows

Fair value of Windows = $4,000

Fair value of Installation services = $1,200

Fair Value of Contract  = $4,000 + $1,200 = $5,200

Allocation of to revenue is based on the ratio of fair value of each performance to the total fair value of contract, As below

Windows  = ($4,000 / $5,200) X $4,700 = $3,615 (round to nearest dollar)

Installation services = ($1,200/$5,200) X $4,700 = $1,085 (round to nearest dollar)

Total Revenue recognized = $4,700

8 0
3 years ago
Trent is a skilled sketch artist who wants to create images for his online portfolio. He is even
serious [3.7K]

Answer:

A digital tablet

Explanation:

3 0
3 years ago
Does any body know how to speed up the process of finding answers
Ivan

Answer:

Hi

Explanation:

it honestly depends try reloading or refreshing or poking on other sites that LOOK APPROPRIATE

5 0
2 years ago
On October 1, 2018, Iona Frisbee Co. issued stock options for 300,000 shares to a division manager. The options have an estimate
Gemiola [76]

Answer:

$300,000

Explanation:

Option expenses to be recognized in the first year ,

= \frac{N\ *\ FV}{Total\ vesting\ period}    ×  period elapsed   - Expenses already recognized

wherein N = No of options expected to be vested

              FV = Fair value on the grant date

              Vesting period = The time period after which the options can be exercised

Thus, after the first year, employee compensation expenses to be recognized

= \frac{300000 *\ 3}{3\ years} × 1 year = $300,000 - 0 = $300,000

Similarly, for the second year, option expenses to be recognized would be,

= \frac{300000 *\ 3}{3\ years}  × 2 years - $300,000 =  $300,000

Similarly for the third year

= \frac{300000 *\ 3}{3\ years} × 3 years - ($300,000+ 300,000)  = $300,000

The journal entry to be passed each year would be

Stock Option Compensation Expense A/C   Dr. $300,000

                           To Stock Options A/C                        $300000  

(Being stock option expenses for the year recognized)

5 0
2 years ago
Read 2 more answers
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