Answer:
The answer is $810
Explanation:
Solution
Child and dependent care credit is certain percentage of qualifying care expenses based on the adjusted gross income. The maximum qualifying amount of daycare expenses is $3,000 per qualifying person.
Now from this example, Jocelyn had paid $4,180 to take care of her son and so,the qualifying amount of care expenses will be $3,000.
Since GI for the year is $31,800, the child and dependent care credit will be 27% of the qualifying care expenses that is,. $3,000 * 27% = $810
Answer:
industry regulation component
Explanation:
Regulation refers to the management of complicated systems by a set of regulations and patterns. Through system philosophy, these types of rules exist in different fields of biology and culture, but according to context, the word has slightly different definitions. Industrial soul-regulation occurs in business through auto-regulatory bodies and trade organizations that enable businesses to establish and make rules with much less government intervention
Answer:
Cost of goods sold
Explanation:
The cost of goods sold is the cost that is directly incurred for producing the goods that are sold by the organization
Here the formula to compute the cost of goods sold is
Cost of goods sold = beginning balance of raw material + purchase made during the year - ending balance of raw material
Therefore the cost of goods sold is the right answer
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: $54,400
Explanation:
The First in First Out inventory costing method sells earlier purchases first and then sells later ones.
The 80 units sold on March 10 will come from the beginning balance of 400 units leaving it with 320 units.
Of the 480 units sold on October 30, 320 will come from the beginning inventory balance of 320 units leaving;
= 480 - 320
= 160 units.
These 160 units will come from the 800 units purchased on June 10 which means the costing inventory is;
= 800 - 160
= 640 units
Cost of 640 units;
= 640 * 85
= $54,400
