What is the main reason that improved human relations skills may improve your grades?

Mark and Parveen are the parents of three young children. Mark is a store manager in a local supermarket. His gross salary is $7

netineya [11]

Answer:

$367,500

Explanation:

Estimation of the family’s life insurance needs

Using the easy method

Based on the information given we were told that Mark gross salary is $75,000 while is wife

Parveen is a stay-at-home mom this means that we would be using the easy method to estimate the family’s life insurance needs based on Mark gross salary of $75,000 because he is the only one that earn on a monthly basis.

Insurance need =$75,000 x 7 years x 70%

Insurance need = $367,500

Therefore the family’s life insurance needs will be $367,500

5 0

3 years ago

Kent "Flounder" Dorfman is a full-time student at Faber College. He is a senior and a member of Delta Tau Chai fraternity. The D

Burka [1]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

As per §117(b)(2) a qualified scholarship that is solely used for qualified tuition and related expenses like fees, books and supplies that is necessary for such course in which admission is taken, related tuition fees and associated expenses are not taxable.

On the other side expenses on rooms and boarding are not qualified expenses so any amount spent on it is fully taxable. Another condition is that scholarship given should not be an exchange of service.

<em>You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly. </em>

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Download xlsx

6 0

3 years ago

why is allowance for doubtful accounts credited, instead of accounts receivable, when recording the adjusting entry for bad debt

alukav5142 [94]

The allowance for doubtful accounts credited, instead of accounts receivable when recording the adjusting entry for bad debts Because accounts receivable is made up of numerous client accounts, it cannot be credited unless it is known which particular customer will not pay.

The provision for questionable accounts is referred to as a "counter asset" since it reduces the value of an asset, in this example, the accounts receivable. The compensation, often known as a doubtful account, is management's projection of the amount of accounts receivable that customers will not pay. Let's assume, using the aforementioned example, that on June 30 a business reports an accounts receivable debit balance of $1,000,000. The business predicts that $50,000 will not be converted into cash and expects some consumers won't be able to pay the full amount.

learn more about doubtful account visit brainly.com/question/28944789

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7 0

1 year ago

Pacific Ink had beginning work-in-process inventory of $762,960 on October 1. Of this amount, $313,920 was the cost of direct ma

BartSMP [9]

Answer:

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

Explanation:

Equivalent unit of material = (120,000× 100%)+(39,000×75%)=149250

Cost per unit of material = Total cost /Total equivalent unit

=(313,920 +2,956,500)/149250 =21.912

Cost per conversion cost

Equivalent unit of conversion cost

= (120,000 × 100%) + ((39,000×35%)= 133,650

Cost per unit of conversion cost

= ($3,737,220 + $449,040)/133,650 = 31.322

Cost of goods transferred = 120,000× (21.912 + 31.322)= 6,388,147.07

Cost of Inventory = (75%*39,000×21.912)+(35%× 39,000×31.322)

= 1,068,478.93

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

=

3 0

3 years ago

Accounting Equation

baherus [9]

,Answer:

a. $420,000
b. $473,000

Explanation:

a. Stockholders' equity December 31, 2017

Assets = Equity + Liabilities

529,000 = Equity + 127,000

Equity = 529,000 - 127,000

= $402,000

b. Stockholders' equity in 2018:

Assets = Equity + Liabilities

(529,000 + 101,000) = Equity + (127,000 + 30,000)

630,000 = Equity + 157,000

Equity = 630,000 - 157,000

= $473,000

8 0

3 years ago