Answer: The correct answer is April 10.
Explanation: When a sale is made the revenue is going to be recognized when the product is delivered. In this case, Accounts Receivable will be debited and Sales will be credited on April 10. When the payment is received Cash will be debited and Accounts Receivable will be credited.
Answer:
$4,927
Explanation:
The computation of tax liability is shown below:-
Suta wage base is $28,200. So, income besides $28,200 is not subject to Suta tax.
Total taxable income = Annabelle + Beatrice + Michael + Howard
= $28,200 + $24,880 + $28,200 + $28,200
= $109,480
Suta tax liability = Total taxable income × Tax rate
=$109,480 × 4.5%
= $4,927
So, for computing the Suta tax liability we simply multiply the total taxable income with tax rate.
It should be reported as an ordinary<span> gain</span> because the truck is considered as ordinary <span>asset used in the ordinary course of business. The truck was used as service calls apparently used in the normal operation of the company thus the gain on the sale of this asset should be considered </span>as an<span> ordinary gain.</span>
Answer:
Correct Answer:
4. Ordinary life offers the policyholder the flexibility to meet a wide range of financial objectives.
Explanation:
Ordinary life insurance is a type of life insurance in which policyholders pay premiums for their whole lives at a set price and interval. <em>Despite offering protection in an event of unfortunate event for the policyholders, it does not offer the flexibility to meet wide range of financial objectives.</em>
<em>Ordinary life insurance policies are often considered paid up if the policyholder reaches 100 years of age.</em>
Answer: Planned obsolescence
Explanation:
Planned obsolescence is one of the type of strategy in which the organization basically ensure about the present version of the given product so that the present become obsolete after some time means out of fashion for not in use.
The planned obsolescence is basically used for designing the industrial and helps in planning the various types of policies for making the products in an organization.
According to the question, the given example is best illustrating the planned obsolescence situation. Therefore, Planned obsolescence is the correct answer.
