Answer:
$105,000
Explanation:
Calculation to determine Bust Company's taxable income after all adjustment
Using this formula
Taxable income after Adjustment=Taxable income in 2017-(accounts receivable-accounts payable )
Let plug in the formula
Taxable income after Adjustment=$110,000-($32,000-$27,000)
Taxable income after Adjustment=$110,000-$5,000
Taxable income after Adjustment=$105,000
Therefore Bust Company's taxable income after all adjustment is $105,000
Answer:
A) a Microsoft employee who created the latest tools for the Windows Operating System
Answer:
According to Ronald Coase, in his Coase theorem efficiency in the areas of negative externalities can be achieved through negotiations aimed at reaching conclusions that is places each party in a win-win position.
The minimum the spa would pay the surfboard designer is $175 and the maximum is $250.
Explanation:
Assuming the conclusion reached in the negotiation is for the surfboard designer decides to install the technology that eliminates noise,the spa would have to pay $175 while on other hand ,if agreed between both parties that the surfboard designer shifts to next door ,the spa would cough out $250,the increase cost of renting in the next building.
Answer:
The Journal entries are as follows:
(a) On June 1,
Cash A/c Dr. $5,830
To common stock $5,830
(To record the issue of common stock for cash)
(b) On June 2,
Equipment A/c Dr. $1,550
To accounts payable $1,550
(To record the purchase of equipment on account)
(c) On June 3,
Rent expense A/c Dr. $560
To cash $560
(To record the rent expense)
(d) On June 12,
Accounts receivable A/c Dr. $510
To Welding service revenue $510
(To record the welding service revenue)
Answer: D. debit to Payroll Tax Expense of $26,950.
Explanation:
We should note that the payroll tax expense will consist of the federal unemployment tax, the state unemployment tax and the FICA taxes. This will then be:
= 3500 + 1750 + 21700
= 26950
Therefore, the journal entry to record the monthly Payroll Tax Expense would include debit to Payroll Tax Expense of $26,950.