Answer:
A) The income tax return for 2018 was filed on March 3, 2019. The three-year statute of limitations will begin to run on:
- April 16, 2019 (the next day after the tax deadline)
B) The income tax return for 2018 was filed on August 13, 2019. The statute of limitations will begin to run on:
- August 13, 2019 (the same day the taxes were filed)
C) The income tax return for 2018 was prepared on March 31, 2019, but was never filed. Through some misunderstanding between the preparer and the taxpayer, each expected the other to file the return. The statute of limitations:
- If the taxes were not filed, then the statute of limitations cannot begin to run.
D) The income tax return for 2018 was never filed because the taxpayer thought no additional tax was due. The statute of limitations:
- If the taxes were not filed, then the statute of limitations cannot begin to run.
The skills she is illustrating is kindness and very happy and basically giving the customer a great attitude so that means you have good customer service
Answer:
Crane should report $26,400 as subscription revenue in Income Statement
Explanation:
Amount received towards Subscription = $79,200 for 3 years
Subscription revenue to be recognized in Income Statement of 2020 =
= $79,200 / 3
= $26,400
Answer:
Smith Companypurchases components from three suppliers. Components purchased from Supplier A are priced at $5 each and used at the rate of 20,000 units per year. Components purchased from Supplier B are priced at $4 each and are used at the rate of 2,500 units per year. Components purchased from Supplier C are priced at $5 each and used at the rate of 900 units per year. Smith incurs a holding cost of 20 percent per year. Currently, Smithpurchases a separate truckload from each supplier. As part of JIT drive, Smith has decided to aggregate purchases from the three suppliers. The trucking company charges a fixed cost of $400 for the truck with an additional charge of $100 for each stop. Thus, if Smith asks for a pickup from only one supplier, it charges$500; from two suppliers, it charges $600, and from three suppliers, it charges $700. Suggest a replenishment strategy for Smith that minimizes annual cost.
Required:
Compare the cost of your strategy with Smith's current strategy of ordering separately from each supplier.
Explanation:
I don't know
