When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the ______

Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no re

Ghella [55]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Berry Co. purchases a patent on January 1, 2021, for $33,000 and the patent has an expected useful life of five years with no residual value.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= 33,000/5= $6,600

4 0

3 years ago

In studying problem solving behavior in kittens, Thorndike used which term to describe behaviors they displayed to escape an enc

Alexus [3.1K]

Answer:

The answer is Instrumental behavior. It is an action performed to reach a goal, such as to obtain a food item, achieve some other kind of reward, or remove a punishment; the behavior causes the desired outcome. Problem-solving is a subset of instrumental behavior, invoked when a direct action (such as reaching for an object) cannot achieve the goal and an indirect approach must be used (such as opening a container to get the object). To paraphrase Thorndike, a problem exists when the goal that is sought is not directly attainable by the performance of a simple act available in the animal's repertoire.

Explanation:

6 0

3 years ago

Gere Furniture forecasts a free cash flow of $40 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rat

LenKa [72]

Answer:

Option (A) is correct

Explanation:

Given that,

Free cash flow in Year 3, FCF3 = $40 million

FCF to grow at a constant rate, g = 5%

Weighted average cost of capital, WACC = 10%

Cost of equity = 15%

Therefore,

Horizon Value at year, t = 3:

$=\frac{FCF4}{(WACC-g)}$

$=\frac{FCF3(1+g)}{(WACC-g)}$

$=\frac{40(1+0.05)}{(0.10-0.05)}$

$=\frac{42}{0.05}$

= $ 840

4 0

3 years ago

On July 1, 2022, Cullumber Co. pays $ 22,400 to Pharoah Insurance Co. for a 4-year insurance contract. Both companies have fisca

Brrunno [24]

Journal Entries in the books of Pharoah Insurance Co are as follows:

Date Account Titles and Explanation Debit Credit

July 1, 2022 Cash $22,400

Unearned Service Revenue $22,400

To record the receipt of payment for insurance contract for 4 years.

Date Account Titles and Explanation Debit Credit

December 31, 2022 Unearned Service Revenue $2,800

Service Revenue $2,800

To record the service revenue earned from July 1, 2022 to December 31, 2022.

Data Analysis:

July 1, 2022 Cash $22,400 Unearned Service Revenue $22,400

December 31, 2022 Unearned Service Revenue $2,800 Service Revenue $2,800 ($22,400 x 6/48)

Thus, only $2,800 is credited to the Service Revenue account for the year ended December 31, 2022.

Learn more on adjusting Unearned Service Revenue at brainly.com/question/14783594

3 0

3 years ago

Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrep

kompoz [17]

Answer:

b. $60,000

Explanation:

Implicit cost is the cost which is not shown as a cost in the statement of income.

As it includes basically the opportunity cost.

This will include:

Salary foregone = $45,000

Entrepreneurial skills income = $5,000

Interest on bonds foregone = $100,000 $\times$ 10% = $10,000

Thus, total implicit cost = $45,000 + $5,000 + $10,000 = $60,000

6 0

3 years ago

When starting a new job, the form you complete to determine how much tax to withhold from your paycheck is called the _______.