Data-driven decision making is a process of

Professor vanessa lazo received a free tour to costa rica in a drawing at a professional conference. Professor lazo has asked fo

Zarrin [17]

Answer: The fair market value of the free tour to Costa Rica is a taxable income.

Professor Vanessa Lazlo won the free tour in a draw, where a prize is awarded by chance.

Publication 525 of the IRS defines taxable and non taxable income.

The IRS lists winnings from raffles and lotteries under Other income.

It also declares that the fair market value of winnings from raffles and lotteries are winnings from gambling. Hence the fair market values of non cash prizes are taxable and must be included as income.

4 0

4 years ago

Cullumber Corporation has these long-term investments: common stock of Vejas Co. (10% ownership), cost $116,090, fair value $110

Dovator [93]

Answer and Explanation:

Partial Balance sheet

Investments

Stock investments (At fair value) $110,090

Debt investments (at fair value) $163,100

Stock investments (At equity) not given: $0

Total investment) $276190

4 0

4 years ago

Employees who perform security monitoring functions within an organization fall under the classification of information security

STALIN [3.7K]

The under the classification of information security positions that Administer.
Employees who administer the security position refers to a group of people that execute the security measures that already previously planned for company's day to day operation such as CCTV watcher, Guards at the gates, warehouse security, etc.

6 0

4 years ago

Publix Supermarket is revising its marketing plan for the upcoming quarter. Publix typically focuses on its wide variety of prod

IgorLugansk [536]

Publix is most likely in a(n) Recession.

Explanation:

A recession is as much a danger and a chance.The very worst situation is that a marketer reduces an ad budget while a rival raises the advertising budget. Because the costs of newspapers continue to drop considerably more quickly than most businesses, advertising ROI is often increasing in a recession.

A recession seems to be a surprise and inefficient companies are allowed to leave, however new firms will develop in recession. Declining asset prices may make buying a house cheaper. Better investors for the first time.

7 0

4 years ago

REM Consulting is completing the accounting information processing at the end of the fiscal year, December 31. The following tri

belka [17]

Answer:

Net Income 3900

Explanation:

REM Consulting

Un adjusted Trial Balance Adjusted Trial Balance

Debit Credit Debit Credit

Cash 13,000 13,000

Accounts Receivable 1,500 1,800

Prepaid Insurance 600 200

Supplies 3,800 3,000

Machines 30,000 30,000

Acc. Depreciation 12,000 17,500

Wages Payable 900

Unearned Fees 6,700 6,500

Owner’s Capital 24,000 24,000

Owner’s Drawing 4,800 4,800

Fees Earned 25,000 25,500

Wages Expense 14,000 14,900

Depreciation Expense 5,500

Supplies Expense 800

Insurance Expense 400

Total 67,700 67,700 74,400 74,400

Adjusting Entries

SR. No Accounts Debit Credit

1) Accounts Receivable 300

Sales 300

As Sales increase so do the Accounts receivable.

2) Insurance Expense 400

Prepaid Insurance 400

Insurance expired by $400.

3) Supplies Expense 800

Supplies 800

Supplies used up by amount $800.

4) Depreciation Expense 5,500

Accumulated Depreciation 5,500

Depreciation Expense amounts to $ 5,500

5) Fees Earned 200

Unearned Fees 200

Provided Services for which payment had been collected,

6) Cash 500

Fees Earned 500

Received $500 for services provided.

7) Wages Payable 900

Cash 900

Paid wages payable to the employee.

REM Consulting

Net income

Fees Earned 25500

Wages Expense 14,900

Depreciation Expense 5,500

Supplies Expense 800

Insurance Expense 400

Net Income 3900

6 0

3 years ago