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3 years ago

What is a common workflow error that can cause duplicate expenses in QuickBooks Online?

Business

1 answer:

kow [346]3 years ago

5 0

Answer:

A common workflow error that can cause duplicate expenses in QuickBooks Online is:

Duplicating any transaction.

Explanation:

The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.

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When Padgett Properties LLC was formed, Nova contributed land (value of $200,000 and basis of $50,000) and $100,000 cash, and Os

Vlada [557]

Answer:

The correct answer is $50,000.

Explanation:

According to the scenario, the given data are as follows:

Nova contributed land of value = $200,000

Nova contributed land of Basis= $50,000

Nova contributed cash = $100,000

Oscar Contributed cash = $300,000

So, we can analyze the Padgett's tax basis in the land by using following method:

As we know Nova contributed land of Basis is the only tax basis in the land for Padgett's.

So, Padgett’s tax basis in the land = Nova contributed land of Basis

Padgett’s tax basis in the land = $50,000.

4 0

2 years ago

Students all year at State College, located at 11100 College Boulevard, Your City, Your State. During the year, Anthony paid $5,

valentina_108 [34]

Answer:

The answer is "$1000 and $2450"

Explanation:

In point a:

Credit of American Refundable Chance:

when $20 \%$ deduction is upto $\$100 \ or\ 40\%$ credit upto $\$1000$ i s refundable

$\to AOLC_{Anthony} =\$5000 \times 20\% = \$1000\\\\\to AOLC_{Nicole} =\$3800 \times 20\% = \$760$

$= \$1760 \ upto \ max \ $1000$

In point b:

$100 \%$ deduction for first $\$2000 \ then \ 25\%$ deduction max upto $\$2500$

$\to AOLC_{Anthony} =\$2000 +(5000 -2000) \times 0.25 = 2750 \\\\\to AOLC_{Nicole} =\$2000 +(3800 -2000) \times 0.25 = \$2450$

4 0

3 years ago

Suppose that from a new checkable deposit, First National Bank holds two million dollars in vault cash, eight million dollars on

Arada [10]

Answer: It has 1 milion dollars in required reserves

Explanation:

Tot. Res = Vault cash + Deposit with Federal Reserve

Tot. Res = 2 million dollars + 8 million dollars = 10 million dollars

Total reserves are the sum of excess reserves and required reserves .

Tot. Res. = Exce. Res. + Req. Res.

10 million dollars = 9 million dollars = Req. Res.

Req. Res. = 10 million dollars- 9 million dollars.

Req. Res. = 1 million dollars.

4 0

3 years ago

Union Local School District has bonds outstanding with a coupon rate of 3.4 percent paid semiannually and 19 years to maturity.

Talja [164]

Answer:

PV = $4,863.24

Explanation:

Computation of the given data are as follows:

Face value = $5,000

YTM = 3.6%

YTM (Semiannual) (Rate) = 3.6% ÷ 2 = 1.8%

Coupon rate = 3.4%

Coupon rate semiannual = 3.4% ÷ 2 = 1.7%

Coupon payment ( Pmt) = 1.7% × $5,000 = $85

Time period (semiannual) (Nper) = 19 × 2 = 38

By putting the value in the financial calculator, we will get the present value.

Attachment is attached below.

PV = $4,863.24

8 0

2 years ago

Consumer surplus:

elena-14-01-66 [18.8K]

Consumer surplus is the difference between the maximum amount the consumer is willing to pay for the price of the good and the price that was actually paid by the consumer or commonly known as the current market price. The price that the consumer is willing to pay is determined by the demand curve in the market.

8 0

3 years ago

Read 2 more answers