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mojhsa [17]
3 years ago
14

_____political activities include

Business
1 answer:
anastassius [24]3 years ago
6 0
I think the answer is c for this question tbh well yah
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A company's unadjusted trial balance shows a debit balance in the allowance for doubtful accounts. This means that a. The compan
ELEN [110]

Answer:

d. Both a and b above are correct.

Explanation:

In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance  

Hence, the last option is correct

3 0
2 years ago
If you were to invest $3,500 in traditional IRA and a Roth IRA, after making adjustments for possible tax deductions, what would
patriot [66]
In a traditional IRA there is either an equal or near to equal contribution made by employer. So, if $3,500 is to be invested let's assume that another $3,500 to be invested by employer with a total contribution (of 3500+3500=7000) the net contribution would be the same as the total contribution, tax rate is not given. Let's assume tax assume tax slab of 28%. Traditional IRS-matching contribution from employer Net contribution-$3,500+3,500=7,000 Roth IRA Assumption-Tax bracket of 28% Net contribution= amount invested minus tax=$3500 minus (28% on 3500)= $3500- $980=$2520 Hence net contribution is not of taxes in case of Roth IRA Once the traditional IRA or Roth IRA is established, you decide to invest the proceeds in a mutual fund. Identify the type of mutual fund you would select.
3 0
3 years ago
Sheffield Corp. produces a product requiring 3 direct labor hours at $16.00 per hour. During January, 2800 products are produced
Vinil7 [7]

Answer:

correct option is d. $4800 U

Explanation:

given data

product requiring =  3 direct labor hours

standard rate = $ 16 per direct labor hour

produced using = 8700 direct labor hours

actual payroll = $135720

to find out

labor quantity variance

solution

we get here labor quantity variance that is express as

Direct labor quantity variance = (standard hours worked for actual production - actual hour worked)  × standard rate per direct labor hour   ...................1

here  standard hours worked for actual production will be as

standard hours worked = standard hours required per unit of production × actual units produced      

standard hours worked = 3 × 2800

standard hours worked = 8400 hours but we have given actual work hour 8700  direct labor hours

so put all value is equation 1 we get

Direct labor quantity variance = ( 8400 - 8700 )  × $16

Direct labor quantity variance = $4800 unfavorable

so correct option is d. $4800 U

8 0
3 years ago
A cash-basis sole proprietor had the following cash receipts and disbursement for the year: Net sales - $80,000 Cost of goods so
DIA [1.3K]

Answer:

Net Income is $17,000

Explanation:

A sole proprietor is not taxed as a business entity but all the income and expenses should be reported on the income tax return. On schedule C all the details of profit and loss should be submitted with Form 1040.

Net profit calculation to report on Schedule C is as follow:

Net sales -                          $80,000

Cost of goods sold           <u>($40,000)</u>

Gross Income                    $40,000

Operating expenses        <u>($20,000)</u>

Operating Income             $20,000

Employee payroll taxes   <u>($3,000)</u>

Net Income                       <u> $17,000 </u>

3 0
3 years ago
The balance column in a ledger account is: Multiple Choice An account entered on the balance sheet. A column for showing the bal
STALIN [3.7K]

Answer:

A column for showing the balance of the account after each entry is posted.

Explanation:

The balance column in a ledger account would represent the debit and credit columns amount for recording and posting entries and the other column represent the account balance after each entry is passed or recorded

Therefore the above represent the answer

6 0
2 years ago
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