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3 years ago

What types of businesses are likely to have an informal corporate culture?

1 answer:

8 0

Informal corporate culture
-> organisations that value egalitarianism of ppl/ less power distance/ most manager discuss decisions with colleague
-> i think partnership and sole trader since tis kidda businesses have limited no of ppl

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Samantha, who is single and has MAGI of $36,000, recently was employed by an accounting firm. During the year, she spends $1,650

jek_recluse [69]

Answer:

a) $0

b) $4,000

Explanation:

No deduction will be allowed to samantha for the amount spent on CPA exam review course.

So, Samantha can deduct $0.

Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.

So, Samantha can deduct $4,000.

Hope this helps!

7 0

3 years ago

On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during

defon

Answer:

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

Explanation:

In order to calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021 we would have to make first the following calculations:

Net Income = $298,750

Calculation of Weighted Average of Number of Equity Shares:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,100*10/12 = (2,583)

Sold Treasury Shares 3,100*3/12 = 775

New Shares Sold 12100*1/12 = 1,008

Therefore, Weighted Average of Equity Shares during the year = 100,000 - 2,583 + 775 + 1,008 =99,200

Therefore, Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding during the year

= $298,750/99,200 = $3.01

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

6 0

3 years ago

Year 1 Year 2 Amounts billed to clients for services rendered $ 182,000 $ 232,000 Cash collected from clients 154,000 184,000 Ca

Advocard [28]

Answer:

Explanation:

Year 1:

Cash collected from clients $154,000

Salaries paid to employees for services rendered during the year $27,000

Utilities $84,000

Purchase of insurance policy $58,200

So, in order to find net cash flow, $(154000-27000-84000-58200)=-15200

Year 2:

Cash collected from clients $184,000

Salaries paid 34000

Utilities paid 94000

Insurance paid is 0

So, net cash flow $184000-$(34000+94000)=$56000

Year1 paid 27000 in salaries, accrued =32000

So still 5000 has to be paid in year 2

Year 2 paid 34000 ⇒ so accrued is 29000

Insurance accrued for each year is 58200/3=19400

Income statement for year 1 and 2

year1 year2

Revenue:

Income from services 182000 232000

Expense

Salary 84000 94000

Utilities 32000 29000

Insurance 19400 19400

Net income 46600 89600

5 0

3 years ago

Read 2 more answers

How much should i budget monthly for trajsportation

zhannawk [14.2K]

Answer:

You should say about $500 for transportation

Explanation:

6 0

2 years ago

At the beginning of the year, a company estimates the following manufacturing costs for the next period: direct labor, $468,000;

sveticcg [70]

Answer:

(1) rate = 25% of direct labor cost

(2) rate = 30% of direct materials

Explanation:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

To determinate the rate We distribute the total overhead cost over a given cost driver.

factory overhead 117,000

direct materials 390,000

direct labor 468,000

(1) We are asked to use direct labor as a cost driver

117,000/468,000 = 0.25 = 25%

(2) We are asked to use direct materials as a cost driver

117,000/398,000 = 0.25 = 30%

5 0

3 years ago

Read 2 more answers