Answer:
(A)Requirements Contract
Explanation:
A requirements contract is defined as a contract in which one party agrees to supply as much good/service as desired by the other party. In exchange, the other party implicitly promises that it will obtain its goods or services exclusively from the first party.
Since Fly Motor Company agrees to purchase all the airbags it will need from Safe-T. Airbag company, the requirement of exclusive purchase is satisfied.
Dividend means that a company is how much a company pays of its profits to shareholders or investors.
Answer:
C. Your client can’t create an Adjusting Journal Entry.
Explanation:
In QuickBooks Online Accountant you (the accountant) make the adjusting journal entries, not your clients. It is like saying that you operate yourself while your doctor drinks coffee besides your bed.
the other options are wrong:
A. A Journal Entry cannot be used to account for depreciation of an asset. ⇒ FALSE, QuickBooks doesn't automatically depreciate an asset, the user must do this through journal entries.
B. The Accountant user can’t create an Adjusting Journal Entry in QuickBooks Online. ⇒ FALSE, when using QuickBooks Online Accountant you can create adjusting entries just like any other regular entry.
<span>1. When John received his W2, he received several copies. Why was he sent multiple copies of this form?
The different copies are for John and each tax return he may file
2. Who sent John this W-2?
John's employer - ProperLiving Widget Engineering & Design
3. How much did John make in wages in the 2014 tax year? (assuming this was John's only job)
I do not know
4. How much did John 'take home' in net pay? (assuming this was John's only job)
I do not know
5. How much did John save in his 401(k) in the 2014 tax year?
I do not know
6. Assume your employer provides health care insurance and deducts your portion of the premiums from your paycheck with pre-tax dollars. Are your health insurance premiums federally tax deductible?
Yes
8. Select what would happen to your 1) taxable income and 2) tax liability when you are able to claim a deduction such as student loan interest?
1) lower 2) higher
9. Which are tax deductible?
Student loan payments
</span>
Answer:
Project S = $672.48
Project L = $11,500
Explanation:
Net Present Value (NPV) Is Calculated by Taking the Present day (Discounted) Value of all future Net Cash flows based on the Business Cost of Capital and Subtracting the Initial Cost of the Investment.
Using a Financial Calculator NPV calculations will be as follows:
Project S
CF0 = ( $11,000)
CF1 = $3,400
CF2 = $3,400
CF3 = $3,400
CF4 = $3,400
CF5 = $3,400
i = 14 %
NPV = $672.48
Project L
CF0 = ( $23,000)
CF1 = $6,900
CF2 = $6,900
CF3 = $6,900
CF4 = $6,900
CF5 = $6,900
i = 14 %
NPV = $11,500.
