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DENIUS [597]
3 years ago
14

Prepare summary journal entries to record the following transactions for a company in its first month of operations.

Business
1 answer:
iragen [17]3 years ago
4 0

Answer: The journal has been attached

Explanation:

The summary journal entries to record the following transactions for a company in its first month of operations has been attached.

Note that the work on process Inventory for (f) was calculated as the direct labor of 40000 multiplied by 125%. This will be:

= 40000 × 125%

= 40000 × 1.25

= 50000

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decides to use the needs approach to determine how much life insurance to buy. Her cash needs are $30,000; her income needs are
nadya68 [22]

Answer:

$130,000

Explanation:

For determining the additional life insurance required first we need to follow some steps which are shown below:-

Step 1

Total needs = Cash needs + Income needs + Special needs

= $30,000 + $140,000 + $100,000

= $270,000

Step 2

Total assets held = Bank accounts + Retirement plans + Investment accounts

= $20,000 + $30,000 + $40,000

= $90,000

Step 3

Total amount of life = $270,000 - $90,000

= $180,000

and finally

Additional life insurance required =

The Total amount of life - Life insurance provided by the employer

= $180,000 - $50,000

= $130,000

3 0
4 years ago
Trevor has bought his first home in Fort Wayne (tax rate 3.57%) that has an assessed value of $190,000. What is his tax bill amo
Olenka [21]

The tax bill amount after deductions is $3,364.73

<h3>What is the tax bill?</h3>

how much tax a person or business is required to pay within a specific time frame: Couples making over $234,000 and individuals making over $159,000 will pay up to an additional $110 for each person included on their state tax return.

<h3>What does "bill amount" mean?</h3>

The term "Bill Amount" refers to the total amount owed, including any current fees and any past-due amounts, plus or minus any changes.

<h3>To what extent do deductions lower taxes?</h3>

Your taxable income is decreased by deductions by the percentage of your highest tax rate. If your tax rate is 24 percent, for instance, a $1,000 deduction will result in a $240 tax bill savings (1,000 multiplied by 0.24 equals 240). When it comes to deductions, you can only choose between the standard deduction and itemizing.

learn more about tax bill amount here <u>brainly.com/question/1775528</u>

#SPJ4

4 0
2 years ago
When ziggurat enterprises was preparing to roll out a new performance management system, jenna, the human resource executive, in
tamaranim1 [39]

Answer:

list

Explanation:

3 0
4 years ago
In the multiplex industry, Vibrant Movies Inc. is an upscale multiplex that focuses on superior customer experience. The firm ch
Rudiy27

Answer:

True movies is pursuing an integration strategy.

Explanation:

"Integrated marketing is the process of delivering a consistent and relevant content experience to your audience across all channels. [...] The ultimate goal of integrated marketing is a consistent, customer-centred experience that delivers results for your brand."

Reference: NewsCred. “What Is Integrated Marketing?” Insights, 7 Oct. 2019

5 0
3 years ago
Read 2 more answers
The government imposed a fine on the Not-So-Legal Company. The fine calls for a payment of $100,000 today, $150,000 one year fro
belka [17]

Answer:

The amount after 2 years will be $460590

Explanation:

The payment which is done 2 year from today = $200000

The payment which is done one year from today = $150000

Rate of interest = 3 %

So the amount after 1 year

A=P(1+\frac{r}{100})^n=150000(1+\frac{3}{100})^1=$154500

The amount which is done today = $100000

So amount after 2 years

A=P(1+\frac{r}{100})^n=100000(1+\frac{3}{100})^2=$106090

So total amount after 2 years = $106090+$154500+$200000 = $460590

8 0
3 years ago
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