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Novay_Z [31]
3 years ago
5

Jorgensen High Tech Inc. is a calendar-year, accrual-method taxpayer. At the end of year 1, Jorgensen accrued and deducted the f

ollowing bonuses for certain employees for financial accounting purposes:
$40,000 for Ken.
30,000 for Jayne.
20,000 for Jill.
10,000 for Justin.
How much of the accrued bonuses can Jorgensen deduct in year 1 under the following alternative scenario:
Jorgensen paid the bonuses to employees on March 1 of year 2, and there is a requirement that the employee remain employed with Jorgensen on the payment date to receive the bonus.
Business
1 answer:
Wittaler [7]3 years ago
4 0

Answer:

$100,000

Explanation:

Based on the information given Jorgensen may lessen the amount of $100,000 in the second year which is year 2 reason been that the amount are NOT FIXED amount at the end of the year 1 because the employees are qualified to receive the bonus amount only in a situation where the employees are been employed on the date the bonuses amount were been paid.

Employees Deductible Year 1 Deductible Year 2

Ken $0 $40,000

Jayne $0 $30,000

Jill $0 $20,000

Justin $0 $10,000

Total $100,000

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Is it true that taking an existing business global has many of the same challenges as starting a new business?
professor190 [17]

Yes because most likely if the existing company is not already global then it probably does not have a very big name so you will have t restart in trying t get another audience and advertise your business to them. Sorry if this isnt right.


6 0
3 years ago
Net income is ________. Question 7 options: A) not cash flow B) earnings before interest and taxes C) the cash flow from the ope
victus00 [196]

Answer:d the increase or decrease in cash flow for the period of time

Explanation:

It’s the amount gained and lost in the amount of time they were in business

4 0
3 years ago
What are the pro's and cons of the internet in a medical office
Kruka [31]
From what you are saying, you are asking the pros and cons of having internet in a medical office and not using the internet for medical advice. But here are really the only reasons that I can think of:

Pros:

1. The internet can help people stay connected. Having internet allows the office to contact others such as other medical offices or simply customers.

2. Being connected to the internet allows the office to store/connect to public storages/databases such as a cloud which provides for organization and space int he office.

Cons:

1. The internet can be used as a distraction which would allow employees to go on the internet for personal use such as computer games or social media.

2. Being connected to the internet brings about a much larger risk of being hacked since medical offices are connected to databases which contains consumer information, it will be a target for hackers. If you look up "Medical record hacks" you will find articles explaining this problem.

This is about all the information that I can give. If there is anything else that I can do, ring me up :) 
8 0
3 years ago
An electronics manufacturer is experiencing theft problems at its warehouse and has decided to hire security guards to reduce th
Evgen [1.6K]

Answer: $500

Explanation:

Had to complete the question first

No of security guard No of radio stolen/wk

0 50

200 30

400 20

600 14

800 8

1000 6

Explanation:

If the firm decides to hire the first security guard and a radio worth $25, MB = MC which gives us the sum of $500 which is the worth of hiring the first security guard. Hiring the guard is same as having no quarrel at all and paying for the stolen radios. This means the security guard would save 20 radios at $25 each.

4 0
3 years ago
Fixed overhead was budgeted at $200,000, and 25,000 direct labor hours were budgeted. If the fixed overhead volume variance was
Liono4ka [1.6K]

Answer:

$208,000

Explanation:

Calculation for fixed overhead applied

Using this formula

Fixed overhead applied =Budgeted Fixed overhead+Fixed overhead volume variance

Let plug in the formula

Fixed overhead applied =$200,000+$8,000

Fixed overhead applied=$208,000

Therefore Fixed overhead applied must be $208,000

3 0
3 years ago
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