Answer:
The correct answer should be: "60 minutes of instruction over around 10 hours certification multiplied by the required years, although this is always dependant on the program".
Explanation:
Approved Continuing Education (ACE) is a kind of continuing literacy in which people search for the best practices to improve work and study. It is always dependant on the program chosen, which means that the subjects, units, schedules, hours, and activities will be according to different patterns. Usually, most of them have a minimum of around 1 hour of instruction, concluding in a 10 hours certification multiplied by the required years, although some others have a concluding certificate of a multiplied 20 hours, such as in the case of most of brazillian certificates for continuing courses.
NO. Consolidated has not tendered delivery.
<span>Tender of delivery means that the seller offers the goods to the buyer by putting or holding them at the disposition of the buyer. Seller also gives the buyer some notification reasonably necessary for taking delivery.
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In this case, Oscar is open 6 am to 8 pm daily. Delivery arrived at 10 pm where no one is there to accept the delivery. Only until Oscar or anybody that is authorized by Oscar to accept delivery is actually in the premises to receive the goods being delivery will Consolidated be able to tender delivery.
Answer: $9025 §1231 loss
Explanation:
From the question, we are informed that Sumner sold equipment that it uses in its business for $30,800 and that the equipment was bought a few years ago for $79,600.00 and has claimed $39,775 of depreciation expense.
Assuming this is Sumner's only disposition for the year, the amount and type or character of Sumner's gain or loss goes thus:
The book value of the equipment will be:
= $79600 - $39775
= $39825
Since the equipment is sold for $30,800, the loss will be:
= $39825 - $30800
= $9025
It should be noted that there will be no depreciation recapture because the asset is sold for a loss.
Answer:
a. $404,000
b. $60,000
Explanation:
a. The computation of cash received is shown below:
= Sales for the current year + increased in accounts receivable during the year
= $375,000 + $29,000
= $404,000
The increase in accounts receivable show the predicted cash which will be received in near by future. So, it is added in the computation part.
Hence, the amount of cash received from customers is $404,000
b. Computation of cash payment for income tax is shown below:
= Income tax for the current year + decrease in income tax payable during the year
= $39,000 + $21,000
= $60,000
Both transactions should be added to know the accurate figure of income tax payment made in cash.
Hence, the cash payments for income tax is $60,000
