Answer:
A. N0
B. She may likely bargain for the payments that was reason been that she expects the payments to be in a lower marginal tax bracket in 2021
C. NO
Explanation:
a. No .Based on the information given the amount of $252,000 was NOT constructively received in the year 2020 reason been that She has the amount of $132,000 which is a deferred income amount that
is not constructively received in 2019 and the reason why the amount was not received was because been under the main contract terms she did not have the sole right to receive the income in the year 2020.
b. Freda's willingness to spread her salary over a longer period of time may be due to the fact that She may likely bargain for the payments reason been that she expects the payments to be in a lower marginal tax bracket in the year 2021
c. Based on the information given she is NOT in constructive receipt of the income in the year 2020.
The answer is <u>"Analyzing the organization and the environment".</u>
<u></u>
SWOT analysis refers to an important tool that helps organizations or businesses in the assessment and revelation period of strategic planning. Since it gives an inside and out perspective on the present and forward-looking circumstance of a business, the term SWOT is frequently connected with strategic planning. Both assume a vital job in the high-level planning of businesses as they include imperative information, which once recognized and analyzed, can accomplish long term business development and achievement. However, they are connected, the two ideas are distinctive components during the process of business planning.
The machine's second year depreciation expense is $3,200.
Depreciation is a method that is used to expense the cost of an asset. The units-of-production depreciation method determines the depreciation expense based on the units of goods that the machine produces in a given year.
Unit of production depreciation expense = (unit of goods produced in year 2 / total units the machine can produce) x (cost of the asset - salvage value)
Total units the machine can produce = 1500 + 1250 + 1000 = 3750
(1000 / 3750) x ($15,000 - $3,000) = $3,200
A similar question was answered here: brainly.com/question/15858628?referrer=searchResults
Answer:
It's a free loan to the government.
Explanation:
you're essentially giving the government a free loan with no interest.
Answer:
a. Utilities Expense 500
Cash 500
Explanation:
Given: Consulting immediately paid $500 cash for utilities.
As $500 cash been paid for utility expenses.
We know the golden rule of accounting transaction:
- Personal accounts: Debit the receiver, credit the giver.
- Impersonal real account: Debit what comes in, credit what goes out.
- Impersonal Nominal account: Debit all expenses and losses, credit all profit and gains.
Paid for utility expense of firm is not the personal account, however, it is impersonal account. In the given case, cash is going out of business.
Therefore, Debit all expense and losses and credit what goes out of business.
Journal Entry of the transaction:
Debit utility expenses account--- $500
Credit cash account--- $500
