Answer:
Explanation:
1. Service revenue (December 31, 2013) income statement = $582,735 + $64,000 = $646735
Company also performed $64,000 of services which were neither billed nor paid,adjusting entry:
Dr Accounts receivable 64000
Cr Service revenue 64000
2. Amount reported on the December 31, 2013 balance sheet as unearned revenue = $108,000
unearned revenue - revenue which has not been earned yet, but recorded in accounts
3. Amount reported on the December 31, 2013 balance sheet as accounts receivable = $64,000
Accounts receivable 64000
To service revenue 64000
Answer:
I used an Excel spreadsheet to calculate R² which gives us the least squares trend. See attached image.
y = 360x + 1600
R² = 0,9529
next year's enrollment should be = (360 x 5) + 1600 = 3400
When the overhead rates of a company are created based on the actions performed, this is called activity-based costing.
<h3>What is activity-based costing?</h3>
This refers to a type of costing where a company comes up with manufacturing overhead rates that have to do with the actions performed to make production happen.
For instance, the activities of labor or the manufacturing machines can be used to determine the overhead rates.
In conclusion, creating overhead rates based on the actions it performs is called activity based costing.
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<span>You would receive a tax refund from the IRS if you paid too much in taxes versus what your net income was during the year. The taxes owed is less than what was paid to the IRS during the year. If you receive credits for what you are able to deduct from your net income, then you will be able to receive money back at the end of the year for over paying during the year.</span>
- A Keogh pension plan is offered to sole owners, partnerships, and LLCs, and is a flexible retirement plan.
- For 2015, Keogh's plan makes $53,000 in maximum contribution.
- Zack is the only owner in this question. So it has a Keogh plan eligibility and a maximum contribution of $53,000.
Note:
This issue was based on the year 2015 when year changes also change.
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