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3 years ago

5

The Internal Revenue Service (IRS) is the federal government agency responsible for (5 points) Group of answer choices Filling o

ut your tax forms Writing tax laws Tax collection and tax law enforcement Keeping the unemployment rate low

1 answer:

cluponka [151]3 years ago

4 0

Answer:

Tax collection

Explanation:

The IRS collects taxes, interprets the tax laws, and holds people accountable for paying taxes.

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which approach is likely to be used for leverage purchases? multiple choice purchasing cards vendor-managed inventory using exec

Marina86 [1]

Standardizing purchases is the approach most likely to be used for leverage purchases. Thus, the correct answer option is (d) ''standardizing purchases''.

Leverage purchases refer to the purchase of those assets for which people use a significant amount of borrowed money with the hopes of growing their money in the future. For example, if an individual takes out a loan to invest in their business, the investment the individual pour into theri business helps them to earn more money than if he would not pursue their venture at all. For leverage purchases, standardized purchases are the most useful approach. The standardized purchases approach defines a set of consistent rules for leverage purchases.

You can learn more about leverage purchases at

brainly.com/question/28173802

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3 0

1 year ago

In the far off kingdom of Viracien there is a healthy sized population of citizens over 16 years old. The last census indicated

Anarel [89]

Answer:

6.5%

Explanation:

Number of people unemployed = 237,000

Labor force = 5 million - 1.3 million - 50,000

Labor force = 3.65 million

Unemployment rate = Number of people unemployed/Labor force*100

Unemployment rate = 237,000/3.65 million*100

Unemployment rate = 6.4931501%

Unemployment rate = 6.5%

8 0

3 years ago

Should cities, and even counties, be limited to local or regional issues such as public services and infrastructure, rather than

gavmur [86]

Answer:

issue like public service and infrastructure are taken up the place of people concerned. People demand proper services rather than wasting their time on point out on other racial point. This also show people are moving toward more professionalism

Explanation:

There are many factor which defied the people needs during any particular time. Due to advancement in science and other technologies people are more busy in their professional life and thus they are less concerned about the discrimination factor. Though racial discrimination is one of the most serious threat to social bonding, people are less concerned.

issue like public service and infrastructure are taken up the place of people concerned. People demand proper services rather than wasting their time on point out on other racial point. This also show people are moving toward more professionalism

4 0

3 years ago

James Smith, the CFO of Blossom Automotive, Inc., is putting together this year's financial statements. He has gathered the foll

xeze [42]

Answer:

Long term debt is $ 166,621

Explanation:

Firstly, we have to classify the available data into their correct headings.

Assets

Cash $ 23,015

inventory $ 210,000

Accounts Receivable $ 141,258

Other current assets $ 11.223

Plant and Equipment (Net) $ 710,000

Goodwill and other assets <u>$ 78,656</u>

Total Assets <u>$ 1,174,152</u>

<u></u>

Liabilities

Accounts Payable $ 163,257

Short term notes payable <u>$ 21,115</u>

Total liabilities without long term debt <u>$ 184,372</u>

<u></u>

Stockholders equity

Common stock $ 311,000

Retained earnings $ 512,159

Total Stockholders Equity <u> $ 823,159</u>

By using the fundamental accounting equation which is

Assets= Liabilities + Owners equity

$ 1,175,152 = $ 184,372 + $ 823,159 = $ 166,621

so the amount of long term debt is $ 166,621, this would balance the accounting equation.

8 0

3 years ago

On July 1, Crowe Co. pays $15,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending

Neko [114]

Answer:

a.

July 1, Year 1

Prepaid Insurance $15000 Dr

Cash $15000 Cr

Dec 31, Year 1

Insurance expense $2500 Dr

Prepaid Insurance $2500 Cr

b.

July 1, Year 1

Cash $15000 Dr

Unearned Service revenue $15000 Cr

Dec 31, Year 1

Unearned service revenue $2500 Dr

Service revenue $2500 Cr

Explanation:

a.

The company will record the cash going out of the business for prepaid insurance as credit and the asset account prepaid insurance as debit to record the prepayment of insurance for 3 years at the amount of $15000.

The insurance paid out is for 3 years. So, the per year insurance expense is,

Insurance expense per year = $15000 / 3 = $5000

The adjusting entry made on 31 december will record the insurance months consumed (6 months) as an expense and debit the insurance expense and credit the prepaid insurance asset account.

The insurance expense for 6 months = 5000 * 6/12 = $2500

b.

For the receiving company, the cash is being received and as the service will be provided later on, the cash received will be debited and the unearned service revenue will be credited.

As six months worth of cover has passed, on 31 December, the company will record service revenue for 6 months that is $2500 and debit the liability recorded under unearned service revenue.

4 0

3 years ago