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gayaneshka [121]
3 years ago
12

Who is responsible for filing your federal tax return?

Business
1 answer:
Setler79 [48]3 years ago
8 0
The answer is B, your employer:)
You might be interested in
Swifty Corporation had a 1/1/20 balance in the Allowance for Doubtful Accounts of $35500. During 2020, it wrote off $23000 of ac
JulsSmile [24]

Answer:

$48,000

Explanation:

<em>What should Swifty report as its Allowance for Doubtful Accounts at 12/31/20?</em>

<em />

Allowance for Doubtful Accounts 12/31/20 = Accounts receivable at 12/31 * Uncollectible percentage of Accounts receivable

Allowance for Doubtful Accounts 12/31/20 = $960,000 * 5%

Allowance for Doubtful Accounts 12/31/20 = $48,000

4 0
2 years ago
Setup Corporation buys $100,000 of sand, rock, and cement to produce ready-mix concrete. It sells 10,000 cubic yards of concrete
kipiarov [429]
30*10,000=300,000$ of sales (since you add 30 dollars for each cubic yard). The value added is the amount of sales - the amount spent = 300,000-100,000=200,000
4 0
3 years ago
Piscataway National Bank pays compound interest on savings accounts, but at different rates depending on the amount of the accou
Natasha2012 [34]

Answer:

It will take 4.2 years

Explanation:

The amount due in the future when a sum of money is invested at a particular interest rate for certain number of years is called Future or compound value.

To calculate the compound value, we use the formula below:

FV = PV * (1+r)^n

FV- future value, PV - Present value, r - interest rate, n - number of years

In this question,

FV - 15,000, PV- 5000, r -3%, n- ?

Substituting this value we have:

15,000 = 5000 × (1+0.03)^n

15000 = 5000 ×  1.03^n

1.03^n = 15,000/5000

1.03^n = 3

log 1.03^n = Log 3

n = Log 3/log 1.03

n = 4.18735

It will take about 4.2 years for the account to reach $15,000

3 0
3 years ago
Halverstein Company's outstanding stock consists of 9,450 shares of cumulative 5% preferred stock with a $10 par value and 4,050
Vsevolod [243]

Answer:

e. $6,000 preferred; $0 common.

Explanation:

The Preference Stock holders hold first preference during payment of dividends followed by the Common Stockholders.

Note also that Cumulative Preference Stock can have their dividends accumulated and paid in the latter years when funds become available.

Amount of Preference Stock dividend is fixed and calculated as follows:

9,450 shares × $10 × 5% = $ 4,725

2015

Cash dividends                                  = $0

Preference Stock dividend Paid      = $0

Preference Stock dividend Arrears = $ 4,725

No Common Stock Dividend

2016

Cash dividends                                  = $6,000

Preference Stock dividend Paid      = $6,000

Preference Stock dividend Arrears = $ 3,450

No Common Stock Dividend

4 0
3 years ago
An account is defined as a record of the business activities related to a particular item. True or false?.
Natalka [10]

An account is defined as a record of the business activities related to a particular item. The given statement is true.

Business activities can be divided into three categories: operating, investing, and financing. The cash flow statement includes a list of the cash flows that were generated and used by each of these operations. Net income on an accrual basis is supposed to be reconciled to cash flow in the cash flow statement.

Manufacturing, storage, accounting, sales, mergers and acquisitions, the issue of securities, etc. are some examples of business activities. The prompt completion of these tasks enables the businesses to survive and compete in the market.

Learn more about business activities here

brainly.com/question/7924898

#SPJ4

3 0
1 year ago
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