Answer:
$225
Explanation:
Calculation to determine what amount of deferred tax liability should Nolan Company show on its December 31, 2021 balance sheet:
Deferred tax liability =[ ($450/ 3) *50%]+ [($450 / 3 * 2) * 50%]
Deferred tax liability=$75+$150
Deferred tax liability = $225
Therefore the amount of deferred tax liability should Nolan Company show on its December 31, 2021 balance sheet is $225
Answer:
Please see below
Explanation:
The question above is incomplete. See concluding parts
2. Calculate the activity rates for the four activities . Round your answers to the nearest cent. Processing account per account issuing statement processing transactions per enquiry. If the total number of statement issued was 20,000 calculate the cost of the issuing statements activity.
1. Capacity cost rate
= Total resources / Total checking processing hours
= $396,000 / 22,000
= $18 per hour
2. Calculate the activity rates for the four activity. Round your answers to the nearest cent.
Processing accounts
= 0.20 × $18 = $3.6 per account
Issuing statements
= 0.10 × $18 = $1.8 per statement
Processing transactions
= 0.05 × $18 = $0.9 per transaction
Answering inquiries
= 0.15 × $18 = $2.7 per inquiry
If the total of issuing statement was 20,000 calculate the cost of issuing the issuing statement activity
Issuing statement
= 20,000 × $1.8
= $36,000
Answer:
The correct option is B,zero monetary cost but a $1,000 per month opportunity cost
Explanation:
Monetary cost also known as explicit cost is the actual costs incurred in running a business.But the business in this case is renting of the property,frankly speaking, Jeane has not incurred any cost in her property business,hence monetary cost is zero.
Opportunity is the cost or benefits from alternative course of action. Jeane not renting out the property on commercial basis is the alternative course of action in this case.Since the commercial letting gives $1500 and the letting to her brother gives $500, the difference between the two rents is $1000 which is benefits forgone from letting the house to her brother,that is the opportunity cost.
Answer:
a. $283,140
Explanation:
equivalent units: complete untis + percentage of completion ending units
(notice there is no beginning inventory)
18,000 complete + 2,000 x 100% = 20,000 materials
18,000 complete + 2,000 x 30% = 18,600 conversion cost
equivalent cost: 100,000 / 20,000 = 5
conversion cost: (142,300 + 57,200) / 18,600 = 10,72580 = 10.73
total unit cost: 15.73
transferred-out units: 18,000 x 15.73 = 283.140
He may file Form 1040.
Explanation:
Form 1040 is the IRS standard form which is used by individual taxpayers to file their annual tax reports.
Form 1040 is the IRS tax form used mostly for personal tax returns submitted by US citizens by the federal government. Form 1040 is a form. The method estimates the taxpayer's gross taxable income and specifies how much the government has to pay or repay.
Who can file? If a person passes the Substantial Appearance Test or the Green Card Test, but some cases exist; people who have a taxable earnings in the US, but refuse to meet the obligation to be resident aliens, must register for taxation purposes for non-resident aliens.
