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3 years ago

Describe how you can spend wisely or improve your spending habits

1 answer:

7 0

Sticking to a budget can really help. If you have a certain amount for clothes, and another for food, and one for extras, stick to that budget. Don't go off and buy un-necessary items. That way you'll have extra when you absolutely need it, and enough in a certain area for when you go shopping for specific items.
~Silver

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Before the year began, Mitchell Manufacturing estimated that manufacturing overhead for the year would be $175,500 and that 13,0

masya89 [10]

Answer:

B, 195750

Explanation:

Let's first figure out the manufacturing overhead per direct labor hour

175500/13000= 13.5

So we allocate 13.5 in manufacturing overhead per direct labor hour

Let's the mulitply this by the number of actual direct labor hours

14500*13.5=195750

6 0

3 years ago

Beta Company leased equipment from Summer Industries. The lease agreement qualifies as a finance lease and requires annual lease

Tamiku [17]

Answer:

Total increase in pretax earnings on Summer’s December 31, 2019, income statement is $20,253

Explanation:

Fair value of asset sold on lease = Present value of lease payments = $50,000 * Cumulative PV factor at 6% for 8 periods of annuity due

= $50,000 * 6.20979

= $310,490

Interest income for 2019 = ($310490 - $50,000) * 6% = $15,629

Total increase in pretax earnings on Summer’s December 31, 2019, income statement = $310490 - $300,000 + $15,629 - 5866 = $20,253

3 0

3 years ago

Vernon is a cash basis taxpayer with a calendar tax year. on october 1, 2016, vernon entered into a lease to rent a building for

tester [92]

Answer:

$9,000

Explanation:

Vernon can only deduct the actual lease expenses incurred during 2016, and that is only three months: October, November and December.

= 3 months x $3,000 per month = $9,000

This logic applies to every expense that is paid in advance, you can only deduct payments that apply for the current tax year.

8 0

4 years ago

In working with a client named Fred, you realize that he did not report income that he should have on a return. Fred reported $1

Ksivusya [100]

Answer:

b) Fred must maintain records for 6 years from the year the return was filed

Explanation:

A person that prepares tax is required by the Internal Revenue Service to keep tax returns and supporting documents for at least 3 years.

However when the tax preparer fails to report correct income amount they are required to keep records for at least the last 6 years.

The underreported income must be greater than 25% of the income.

In the given scenario the Fred reported $10,000 instead of $13,500.

The unreported amount is $3,500

Percentage not reported = (3,500 ÷ 13,500) * 100 = 25.925%

So Fred will need to keep records for the next 6 years

8 0

3 years ago

Which is considered good practice concerning the installation of acrylic plastics?

quester [9]

When rivets are used, adequate spacer or other satisfactory means to prevent excessive tightening of the frame to the plastic should be considered good practice concerning the installation of acrylic plastics.

A translucent plastic with exceptional strength, rigidity, and optical clarity is acrylic. Acrylic sheet is simple to manufacture, adheres well to solvents and adhesives, and is simple to thermoform.

Compared to many other transparent plastics, it offers better weathering characteristics.

Clarity, brightness, and transparency are characteristics of acrylic sheet that are similar to those of glass, yet it is half as heavy and has many times the impact resistance of glass.

Acrylic plastics offer exceptional versatility, durability, and aesthetic attributes for everything from sturdy signs and skylights to eye-catching retail store fixtures, displays, and shelves.

A practical, transparent substance that resembles glass, acrylic plastic, sometimes called plexiglass, has superior transparency and weighs 50% less than glass of an equivalent thickness. One of the clearest materials is acrylic.

Learn more about plastics here:

brainly.com/question/8647954

#SPJ4

6 0

1 year ago