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3 years ago

An employee can legitimately claim the following exemptions:

1 answer:

4 0

When you file taxes or fill out tax forms for employment you are able to state how many people you claim in your household. When you claim them, that means you are their provider and they depend on you to provide for them. Out of the choices above: self, family dog, neighbor’s Uncle Fred and dependents. The only two valid claims would be self and dependents. You can claim yourself and the children living in your home. Your dog is not a person, therefore can not be claimed and your neighbors Uncle Fred does not live in your home.

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The following list includes selected permanent accounts and all of the temporary accounts from the December 31, 2018, unadjusted

artcher [175]

Answer:

Explanation:

Dec 31, 2018

Dr Sales Salaries expense 1,700

Cr Sales Salaries payable 1,700

Dec 31, 2018

Dr Selling expense 3,000

Cr Prepaid selling expense 3,000

Dec 31, 2018

Dr COGS 1,300

Cr Merchandise inventory 1,300

COGS = Merchandise inventory - Year end inventory = 30,000 - 28700 = 1300

Dec 31, 2018

Dr Sales Revenue 529,000

Cr Income summary 529,000

Dec 31, 2018

Dr Income summary 444,500

Cr Sales return and allowances 17,500

Cr Sales discounts 5,000

Cr COGS 213,300

Cr Sales salaries payable 49,700

Cr Utilities expense 15,000

Cr Selling expense 39,000

Cr Administrative expenses 105,000

Dec 31, 2018

Dr Income Summary 84,500

Cr Retained earnings 84,500

Net Income = Total Sales - Total Expenses = 529,000 - 444,500 = 84,500

Dec 31, 2018

Dr Retained earnings 33,000

Cr Withdrawal 33,000

6 0

3 years ago

Read 2 more answers

As a gardener, Joey earns $19.20 per hour. He earns double time for work on Saturdays. Last week, he worked 25 regular hours plu

erastovalidia [21]

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5 0

4 years ago

Losing a customer once means losing the entire stream of possible purchases that the customer would make over an extended period

sdas [7]

Answer: (D) Customer lifetime value

Explanation:

The customer lifetime value is the term, which refers to the overall profit of an organization and this type of method also helps in estimating the customer monetary in the business.

The customer lifetime value is basically using the predictive analytical method for analyzing the relationship with the consumers.

The customer lifetime value is refers to the metric of net profit in an organization and it also helps in making various types of decision in an organization in terms of development, marketing and the customer support.

Therefore, Option (D) is correct answer.

5 0

3 years ago

Explain the ways in which Fiscal Policy and Monetary Policy interact by using Keynesian IS and LM curves. Discuss the impact of

statuscvo [17]

Answer and Explanation:

If demand is greater than supply, then there is inflation. Hence, the government has to devaluate its currency on net borrowings from abroad. Supply increases and price becomes stable.

The banks have to lower their bank rate and decrease CRR. When prices rise, consumption decreases and investment increases. When the interest rate is made high consumption and investment both become stable. Hence, there is full employment. Government has a fiscal policy to increase taxes and borrowings and increase the export and income rises and price becomes stable.

6 0

4 years ago

A current loan balance is $118,000 on a 30-year loan at 7% interest, with a monthly payment of $831.63 for principal and interes

shusha [124]

Answer:

$143.30

Explanation:

In order to determine the principal reduction payment, the monthly interest will need to be calculated. The interest will then be deducted from the total monthly payment to compute the principal reduction payment:

Annual Interest = $118,000 X 7/100

= $8,260

Monthly interest = $8,260/12

= $688.33

Principal reduction = $831.63 - $688.33

= $143.30

6 0

4 years ago