Answer:
The correct answer is (C)
Explanation:
Emotionally stable individuals love to help and support other people. They love helping their companions succeed. They are the ones who try to stop negative grapevine and try to solve everyone's problems. Emotionally stable people such as Alexander are conscientious, so they do their work perfectly. They are intelligent enough to understand that by being related to other fruitful individuals, they will likewise succeed.
Future earnings are the future benefit to a person who wants to become a lawyer. Wanting to become a lawyer will be an investment for a student in the future. Becoming a lawyer in the future will be the result of the investment and earning from that job is the profit from it.
Answer: process layout
Explanation:
Process layouts has to do with the grouping of resources based on their similarity in processes.
It is the type of layout where similar activities are grouped together in departments or work centers according to the function they perform.
Answer:
Journal entries are given below
Explanation:
February 1
(Issues 5,000 shares of no-par common stock for $15 per share)
DEBIT CREDIT
Cash(5000 x $15) $75,000
Common stock $75,000
May 15
(Issues 500 shares of $10 par value, 7.5% preferred stock for $12 per share)
DEBIT CREDIT
Cash (500x$12) $6,000
Preferred stock (500x$10) $5,000
Additional paid in capital $1,000
October 1
Declares a cash dividend of $0.75 per share
DEBIT CREDIT
Retained Earnings (5500x$0.75) $4,125
Dividend Payable $4,125
October 15 Date of Record
No Entry Required
October 31 Pays the cash dividend
DEBIT CREDIT
Dividend Payable $4,125
Cash $4,125
Answer:
$0
Explanation:
Tax payers can elect to use either standard deduction or itemized deduction to reduce their taxable income, for them to pay least amount of tax on their taxable income. Standard deduction is calculated and given in accordance with the provision of the tax law while itemized deduction is a list of items that the tax payer has incurred and expecting to except from tax, examples of this includes donation to charities and interest paid on mortgage.
Taxpayers normally elect the higher of standard deduction and itemized deduction to reduce their tax liability to the lowest.
In the case of Buddy Slaton, electing for itemized deduction of contributing to church($3,000) will save her no tax since the standard deduction is greater ($,5450).
