Answer:
The adjusted cash balance at April 30, 2020 is $36,060
Explanation:
The adjusted cash balance at April 30, 2020 is computed as:
Adjusted cash balance = Balance as per bank statement, 4/30/20 + Deposit in transit, 4/30/20 - Outstanding check, 4/30/20
where
Balance as per bank statement is $40,920
Deposit in transit is $10,200
Outstanding check is $15,060
= $40,920 + $10,200 - $15,060
= $51,120 - $15,060
= $36,060
The purpose of the W-4 form is: To inform your employer of how much federal income tax to withhold from your paychecks.
<h3>What is W-4 form?</h3>
W-4 Form can be defined as form that a tax payer is expected to fill so as to enables the tax payer employer to know the amount that should be withhold from the employee salary or paycheck.
When an employee complete the W-4 form it can help to prevent the employee from paying excess taxes.
Therefore the purpose of the W-4 form is: To inform your employer of how much federal income tax to withhold from your paychecks.
Learn more about W-4 Form here: brainly.com/question/15507745
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Answer:
$38,250
Explanation:
Calculation for how much external financing will Tobin Supplies Company have to seek.
First step
Net Income $95,000
(Sales $380,000×25%)
Less:Dividends ($33,250)
(35%×$95,000)
Increase in retained earnings $61,750
($95,000-$33,350)
Second step
Increase in assets$100,000
Less Increase in retained earnings($61,750)
External funds needed $38,250
Therefore the amount of external financing that Tobin Supplies Company have to seek will be $38,250
Answer:
See below
Explanation:
Given the above information, the amount of the adjusting entry to record the estimated uncollectible account receivable is computed as seen below;
= Bad debt expense × Net credit sales
= 4% × $947,400
= $37,896
Then,
=Balance - Allowance for doubtful account (debit balance)
= $37,896 - $533
= $37,363
Then, the amount of the adjusting entry to record the estimated uncollectible account receivable is $37,363
Answer and Explanation:
A. When the employees are more educated and have the higher income as compared with the less educated employees so here education would be indepedent variable and the income is dependent variable. Also the relationship between these two variables i.e. education and income is positive
Therefore the same is relevant
