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aev [14]
3 years ago
14

Danielle is a 74-year-old widow, lives alone in the home she has had for over 40 years, and has become something of a packrat. s

he holds on to possessions, many of which have no material or sentimental value whatsoever, to the point where her home is becoming overrun with trinkets. there is mold growing in the corners of the rooms that cannot be cleaned, and this is affecting danielle's health. this is a case of:
Business
1 answer:
Arada [10]3 years ago
3 0

Answer:

This is a case of<u> "compulsive hoarding".</u>

<u></u>

Explanation:

Compulsive hoarding refers to a pattern of behavior in which you are not willing to throw out anything in your house, in these things there are many which have no value for you and that is just garbage. When you do like this, there will be unnecessary things and dust everywhere, this will also have affect on you health like Danielle in the given scenario, and you will become more sick day by day.

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Montclair Corporation had current and accumulated E&amp;P of $500,000 at December 31, 20X3. On December 31, the company made a d
siniylev [52]

Answer:

The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.

Explanation:

The distribution company distinguishes profit on the distribution, which is included in E&P netting of tax and decreases E&P by rhe lands fair market value fewer the liability believed by the shareholders.

Therefore, The tax consequences of the distribution to Montclair in 20X3 would be a $150,000 gain recognized and a reduction in E&P of $175,000.

3 0
3 years ago
The sarbanes-oxley act of 2002 established requirements for ____. noncompliance can result in penalties of
IrinaK [193]
<span>The Sarbanes-Oxley Act of 2002 established new requirements for corporate governance to prevent fraudulent behavior in business. An accounting oversight board and financial reporting requirements including instituting a code of conduct for senior financial officers are the main focuses of this act.</span>
5 0
3 years ago
Which of the following accounts would be decreased by a credit entry?
Tom [10]

A Bank account (if bad or good), A Welfare Account (If good, you will no longer receive services.) Card Bureau account can change due to unexpected reasons, can go down or go up.

6 0
3 years ago
Two products, QI and VH, emerge from a joint process. Product QI has been allocated $21,300 of the total joint costs of $42,000.
nikklg [1K]

Answer:

Processing QI further would lead to a loss of ($5,200)

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  </em>

<em>Also note that all cost incurred up to the split-off point are irrelevant to the decision to process further .  </em>

<em>Financial disadvantage of processing QI further</em>

                                                                                           $

Sales revenue after the split-off point (13× 2,800)       36,400

Sales revenue at the split-off point      (11× 2,800)     <u>   (30,800) </u>

Additional sales revenue                                                  5,600

Further processing cost                                                <u> ( 10,800)</u>

Net advantage from further processing 1,200            <u>   (5,200)</u>

Processing QI further would lead to a financial disadvantage of ($5,200)

<u />

7 0
3 years ago
What would be the marginal and average tax rates for a corporation with an income level of $100,000?
Kamila [148]

Answer:

Marginal tax rate = 34%

Average tax rate = 22.25%

Explanation:

The marginal tax rate is the rate of tax income earners incur on each additional dollar of income. As the marginal tax rate increases, the taxpayer ends up with less money per dollar earned than he or she had retained on previously earned dollars.

DATA

Income level = 100,000

Corporation Tax rates

0-50,000 = 15%

50,000 - 75,000 = 25%

75,000 - 100,000 = 34%

Marginal tax rate = 34%

Solution

Income tax owed = (15% x 50000)+(25% x 25000)+(34%*25000)  

Income tax owed = 22,250      

Average tax rate = 22,250/100000

Average tax rate = 22.25%

3 0
3 years ago
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