I guess the correct answer is 1040.
Amanda and Jack are working on their taxes and need to determine which form to file. They had wages, interest, and dividends. In addition, they bought a house this past year and are thinking of itemizing their deductions.
They should use the form 1040.
Answer:
This is an escrow transaction. An escrow is an arrangement where a third party (ABC Escrow) holds funds for a given transaction between other two parties.
The Van Horns are the grantees in this transaction.
The escrow is responsible for the safe keeping of the funds, in order to avoid any type of loss or fraud.
Both Smith and Ricardo believed that, in a competitive market, product prices reflect "the cost of labor necessary to produce the products".
<u>Answer:</u> Option D
<u>Explanation:</u>
When there are a lot of manufacturers competing to provide the goods and services required for consumers, this is understood as "a competitive market". No single producer or customer can specify the market within a competitive market. It shares five traits: gain, diminishability, rivalry, exclusion, and rejectability. The wheat market is often drawn as an instance of a competitive market, as there are many manufacturers, and by increasing or decreasing its output, no single producer can impact the market price.
Answer: Please see explanation column for answers
Explanation:
A) Amount refund owed to customer=
Sale of item - discount on item
=$28000- ($28000 x 2%) = $27,440
B)Journal of the entries made by the seller to record refund
Dr Sales Returned and allowances - $28,000
Cr Sales Discount $560
Cr Cash $27,440
c) Journal of the entries made by the seller to record return of merchandise
Cr Merchandise Inventory-$16,800
Dr Cost of Merchandise Sold -$16,800
Answer:
Explanation:
It is always something like B. People born from 1946 - 1955 (those are just numbers), form the majority of the population. They have paid into the pool and they expect to draw out benefits. They have been doing so for at least 8 years.
Health failure is beginning to catch up to this age group and most have not saved for their retirement. Even home ownership is no guarantee that they have the resources to combat what health problems they are having. They need to draw on entitlements. Sooner or later, there won't be any.
