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3 years ago

Personal allowances worksheet is what type of document?

1 answer:

8 0

The document is known as W-4 Form. You fill this form when you are claiming your allowances, but it also helps to guide your boss on how much money should be withheld from your paycheck for federal taxation.

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At January 1, 2021, Café Med leased restaurant equipment from Crescent Corporation under a nine-year lease agreement. The lease

marusya05 [52]

Answer:

$11,750

$189,750

Explanation:

1: Calculation for the effect of the lease on Café Med's earnings for the first year

Based on the information given we were told that the lease agreement has annual payments of the amount $29,000 which means that Corporation will recognized a rental revenue of the amount $29,000 each year

Now let Compute for the depreciation to be charged on equipment using this formula

Annual depreciation = Cost of equipment / Useful life

Let plug in the formula

Annual depreciation= $207,000 / 12

Annual depreciation= $17,250

Second step is to Compute for Crescent Effect on earnings using this formula

Crescent Effect on earnings = Rental revenue - Depreciation expense

Let plug in the formula

Crescent Effect on earnings= $29,000 - $17,250

Crescent Effect on earnings= $11,750

2. Calculation for the balances in the balance sheet accounts

Using this formula

Equipment balance at the end of 2021 = Cost - Accumulated depreciation

Let plug in the formula

Equipment balance (net) at the end of 2021= $207, 000 - $17, 250

Equipment balance (net) at the end of 2021= $189,750

Deferred lease revenue will be the Rental amounts that was received in advance on 31. DEC.2021 for 2019 year = $29,000

5 0

4 years ago

What is the most frequently reported relational maintenance strategy?

inna [77]

The most frequently reported relational maintenance strategy is OPENNESS IN COMMUNICATION.
Relational maintenance strategies refers to the methods used by individuals to keep their relationships with other people alive. There are different types of relational maintenance strategy, these include: assurance, positivity, openness, sharing tasks and activities and social network.

8 0

3 years ago

As a student in what way you can solve the problem of scarcity

Rudiy27

Answer:

Explanation:

Increase production i.e; facilitate the production to the maximum of the capacity in the short run. Ensure longer term innovation and investment to reduce risk for future. Keep educating the children to take care of future needs.

5 0

3 years ago

Assuming the correlation between the annual returns on the two portfolios is indeed zero, what would be the optimal asset alloca

den301095 [7]

Since you provide no relevant number,

In order to find out the optimal Asset allocation, you should find out which investment opportunities that Provide the highest return with the lowest standard deviation in the risk department

hope this helps

4 0

3 years ago

The accounts receivable turnover rate: A) Indicates the proportion of a company's accounts receivable that the independent audit

riadik2000 [5.3K]

Answer:

B) Indicates how many times the receivables were converted into cash during the year.

Explanation:

Account receivable Turnover is a ratio which shows that how many times the account receivable is converted into cash in a given period of time. It shows the efficiency of recovery from customer by a company. A company with higher turnover ratio is considered to more profitable and its liquidity is higher. A company with lower Turnover will have low profits and may face liquidity problems.

5 0

3 years ago