All categories

3 years ago

Under what circumstance might you receive a tax refund from the IRS?

2 answers:

4 0

You receive a tax refund from the IRS if your tax liability is less than the tax you paid for a fiscal year. This means that the tax you owe is less than what you paid for your taxes. Another circumstance is when you are entitled to tax credits

bezimeni [28]3 years ago

4 0

You might be interested in

Journal Entries and T-accounts [LO3-1, LO3-2] The Polaris Company uses a job-order costing system. The following transactions oc

ikadub [295]

Answer:

a.) Raw material 210000

Account payable 210000

(Purchase material on account)

b.) 1.Work in process 151200

Raw material 151200

(material used)

2.Overhead 37800

Raw material 37800

(Record indirect material )

c.)1. Work in process 49000

Factory payroll 49000

(Record direct labor)

2. Overhead 20000

Factory payroll 20000

(Record indirect labor)

d.) Overhead 106000

Accumulated depreciation 106000

(record depreciation)

e.) Overhead 130000

Account Payable 130000

f.) work in process (8*76400) 611200

Overhead 611200

g.) Finished goods 511000

Work in process 511000

( record completion of goods from wip to finished goods)

h.)Account receivable 605680

Sales 6056800

(record sales on account)

Explanation:

f.Overhead applied to a particular job= Predetermined rate* job hours allocated

h. copmlete job were shipped to customer at 34% above cost =(452000*34%)=452000+153680=605680.

5 0

3 years ago

A building was purchased for $67,000. The asset has an expected useful life of eight years and depreciation expense each year is

allochka39001 [22]

Answer:

The residual value of the building is $19000

Explanation:

depreciation expense=cost-residual value/useful life

cost is $67,000

useful life is 8 years

residual value is unknown

$6000=$67,000-x/8 years

$6000* 8 years=$67,000-x

$48,000=$67,000-x

x=$67,000-$48,000$

x=$19,0000

The residual value of the asset is $19,000

4 0

3 years ago

Domingo corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the f

SSSSS [86.1K]

Answer:

The cost per unit equivalent

Materials $ 155,950/ 6100= $ 25.57

Conversion costs $120,060/ 6100= $ 19.68

Explanation:

6,100 units were transferred to the second processing department during the month.

Costs were incurred in the first processing department during the month:

Cost

Materials costs $158,700 - $ 2750= $ 155,950

Conversion costs $120,400- $ 340 = $ 120,060

The cost per unit equivalent

Materials $ 155,950/ 6100= $ 25.57

Conversion costs $120,060/ 6100= $ 19.68

Beginning Inventory Costs

Material cost $5,500 *50% = $ 2750

Conversion costs $1,700* 20%= $ 340

5 0

3 years ago

If you were running an advertising campaign for designer men's suits, you should target families with Multiple Choice higher inc

love history [14]

Higher incomes

You should target families with higher incomes.

<h3>How do you determine the target market and target audience?</h3>

Companies segment the market to determine the target audience, then create marketing plans for each group of customers to tailor the offerings to their needs. Based on research into market sectors with the most potential for the business, the target market is selected. A company could concentrate on multiple demands and choose a primary and secondary objective. In this instance, the business concentrates on targeting families with higher incomes and allocates the majority of its resources to them.

Your target market seems to be a very difficult thing to define. But if you divide the procedure into several parts, you may quickly identify the appropriate market niche.

Learn more about target market here:

brainly.com/question/13363009

#SPJ4

6 0

2 years ago

On April 1, Magenta Company sells $500,000 face amount, 10% bonds. The bonds pay interest semi-annually on June 30 and December

Flura [38]

Answer:

$12,500

Explanation:

interest expense = $500,000 x 10% x 3/12 = $12,500

The dirty price of the bonds will include accrued interest expense. The bonds are issued at a premium since the market rate is lower than the coupon rate, but the amortization of the premium will reduce future interest expense, it cannot reduce past events.

7 0

2 years ago