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4 years ago

Interview Notes

Business

1 answer:

alexira [117]4 years ago

7 0

<h2>Yes because Debbie lived with Sandra as a member of her household for all of 2019</h2>

Explanation:

Important information to take into consideration to answer the question:

Sandra has taken health insurance during the year 2019

Sandra has covered both himself and Debbie

Considering the above information, Sandra can claim from insurance because Debbie lived with Sandra in 2019 ie. the year same as the year in which the policy has been taken. Debbie's gross salary is not a barrier for the given situation.

Option B stands false because gross income is considered as a barrier.

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As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?A) The web-

m_a_m_a [10]

Answer:

the correct answer is C

Explanation:

As described in the chapter case, which of the following constitutes a managerial element of the UPS tracking system?

C) The decision to use automation

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3 years ago

Prior to the write off of a $500 customer account, Athena Company had the following account balances: Accounts receivable $19,60

Effectus [21]

Answer:

Net accounts receivable Before $18,600 and After $18,600

Explanation:

solution

we know that here

net accounts receivable before write-off

Accounts Receivable = $19,600

and Allowance for doubtful debt = $1,000

so Net accounts receivable = $19,600 - $1,000 = $18,600

Journal Entry for write off is here

Allowance for doubtful Accounts = $500

Accounts Receivable = $500

and

Net accounts receivable after write off is

Accounts Receivable= $19,100

and

Allowance for doubtful debt= $500

so Net accounts receivable = $19,100 - $500

Net accounts receivable = 8,600

so Net accounts receivable Before $18,600 and After $18,600

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3 years ago

Someone taking a course in Web design is affecting what factor of production?

Solnce55 [7]

Answer:

Someone taking a course in Web design is affecting human capital.

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3 years ago

The Scott Company decided to sell stock to raise capital. Under what form of business organization does the company operate?

svlad2 [7]

The answer is Corporation. Corporations is a legal entity of a group of investors/shareholders as governed by the Securities and Exchange Commission. In the event of shortage of capital, the shareholders votes and agrees to sell some stocks in order to gain more capital.

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3 years ago

Eric and Katie, who are married, jointly own a house in which they have resided for the past 17 years. They sell the house for $

Elodia [21]

Answer:

C) $0 $285,000

Explanation:

The §121 exclusion establishes that homeowners can exclude from their capital gains taxes the sale of their property for a maximum of $250,000 gain (or $500,000 for joint filers) if they meet two criteria:

they owned the property for at last 5 years
they use the property as main residence for at least 2 years (they can aggregate time periods).

So if Eric and Katie use the §121 exclusion they wouldn't pay any capital gains tax ($500,000 is higher than $375,000).

If they decide to forgo the §121 exclusion, then they will have to pay taxes for a gain of:

capital gain = net sale price - asst basis

capital gain = ($375,000 - $10,000) - $80,000 = $365,000 - $80,000 = $285,000

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3 years ago