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3 years ago

Stereotypes are impossible to overcome.

Business

2 answers:

balu736 [363]3 years ago

6 0

F you can prove them wrong by overcoming that stereotype.

Savatey [412]3 years ago

6 0

the statement is false

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Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income i

pishuonlain [190]

Answer:

A) $7,000

Explanation:

Smith can deduct the $5,000 he donated to the church he attends. The art work donated to the local museum must be deducted at its basis, which is $2,000. Since he only purchased the painting 4 months before, the price increase will be considered a short term capital gain. Donated short term capital gain property must be deducted at basis.

The $1,000 he donated to the needy family is not deductible, since it wasn't a qualifying organization.

3 0

4 years ago

) Beewell's net income for the year ended December 31, Year 2 was $197,000. Information from Beewell's comparative balance sheet

deff fn [24]

Answer:

C) $147,400

Explanation:

Year 2 Year 1

$512,000 $460,800 Common Stock

$960,000 $863,800 Paid-in capital in excess of par

$700,000 $592,800 Retained earnings

When the company issue new shares the values are recorded in the Common Stock accounts and in the Paid-in Capital in excess of par, the increase on this accounts indicates the value of sales:

$512,000 $460,800 = $51,200 Common Stock

$960,000 $863,800 = $96,200 Paid-in capital in excess of par

$51,200 + $96,200 = $147,400

5 0

3 years ago

Preparing cost of goods sold budget Prepare a cost of goods sold budget for the Summit Manufacturing Company for the year ended

choli [55]

Answer:

COGS= $2,218,200

Explanation:

Giving the following information:

WIP:

Beginning= 28,500

Ending= 23,700

Finished goods:

Beginning= 19,300

Ending= 22,400

Direct materials:

Purchased= 854,000

Beginning inventory= 31,000

Ending inventory= (26,000)

Direct material used= 859,0000

Totals from other budgets included:

Direct labor cost= $539,500

Total factory overhead costs= $818,000

First, we need to calculate the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials used + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 28,500 + 859,000 + 539,500 + 818,000 - 23,700

cost of goods manufactured= $2,221,300

Now, we can calculate the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 19,300 + 2,221,300 - 22,400

COGS= $2,218,200

5 0

3 years ago

How does NAFTA's elimination of 20% of Mexican tariffs on U.S. cars affect the United States?

PtichkaEL [24]

Just trying to get message unlocked ya feel

4 0

3 years ago

in your opinion, does making a lot of money automatically mean you have a large savings account ? why or why not ILL MARK BRAINL

Dominik [7]

Answer:

I don't think so, because it still depends on the one who is saving the money, for example, you are earning a low amount of salary, then of course you will be watchful on how you will spend your money. and if you are earning a large amount of salary, you would think that since you have a lot, you can already spend them in any way that you want, which leads to low savings.

6 0

3 years ago