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Soloha48 [4]
3 years ago
15

Henry and Charlotte are both 28 years old.

Business
1 answer:
antoniya [11.8K]3 years ago
4 0

Answer:

B. Henry

Explanation:

The following are the requirements to qualify for earning income credit:

1. Henry and children has the number of social security

2. Henry earns $12,000 i.e. higher than that of $1 for a year  

3. And both the children lived with Henry in the year 2019 not with the charlotte

So according to the above explanation only henry could qualify the children for earned income credit

Therefore the option B is correct

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The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business r
inna [77]

Answer:

$2,000

Explanation:

Calculation for What is the balance in Accounts Receivable

Credit sales $10,000

Less : Collection ($8,000)

Account receivable $2,000

Therefore the balance in Accounts Receivable will be $2,000

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2 years ago
The principle of exceptions allows managers to focus on correcting variances between.
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The principle of exceptions allows managers to focus on correcting variances between standard costs and actual costs.

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An appliance store sells 500 units of a particular type of dishwasher each year. The demand for this product is essentially cons
Elis [28]

Answer:

161 units

Explanation:

Economic order quantity = √[(2 x annual demand x orderign cost) / annual holding cost per unit]

annual demand = 500 units

ordering cost = $1,000

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EOQ = √[(2 x 500 x $1,000) / $38.50] = 161.16 units ≈ 161 units

7 0
3 years ago
The Peach State Onion​ Company's onion-bagging machine was found to operate at mean​ = 25.05 pounds with a standard deviation of
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Answer: The process of capability index is 1.03

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3 years ago
Use the following information for exercises 15 to 18 LO P2 The following information applies to the questions displayed below] O
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Answer:

            Ernst Consulting

             Balance Sheet

For the Month Ended October 31, 202x

Assets:

Cash $12,650

Accounts receivable $12,800

Office supplies $2,850

Office equipment $17,530

Land $45,940

Total assets $91,770

Liabilities and stockholders' equity:

Accounts payable $8,110

Common Stock $83,540

Retained earnings $120

Total liabilities and stockholders' equity $91,770

Explanation:

I ordered the accounts and included a couple that were missing:

  • Cash 12,650
  • Accounts receivable 12,800
  • Consulting revenue 12,800
  • office supplies 2,850
  • Land 45,940
  • office equipment 17,530
  • Accounts payable 8,110
  • Cash dividends 1,570  
  • Common Stock 83,540
  • Rent expense 3,110
  • Salaries expense 6,490
  • Telephone expense 850
  • Miscellaneous expenses 660

First we need to determine net profit for the month:

Consulting revenue 12,800

Salaries expense -6,490

Rent expense -3,110

Telephone expense -850

Miscellaneous expenses -660

net profit = $1,690

retained earnings = net profit - dividends distributed = $1,690 - $1,570 = $120

7 0
3 years ago
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