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kirill [66]
2 years ago
9

A.

Business
1 answer:
Zina [86]2 years ago
5 0

Lo siento, no lo sé, pero espero que lo encuentres pronto.

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TRUE OR FALSE FOR BRAINLIEST ANSWER, I'LL REPORT IF WRONG When one party substantially performs, the other can demand full perfo
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true

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3 years ago
Kelly's company is selecting a manager to expand operations in china. kelly's boss says the new manager must display high cultur
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If Kelly's company is selecting a manager to expand operations in china. kelly's boss says the new manager must display high cultural intelligence. what would most likely help kelly get the job is: displaying appreciation for diversity.

<h3>What is  cultural intelligence?</h3>

Cultural intelligence can be defined as the ability of a person to know about different culture and to as well adapt and relate with people that are of culture that is different from his.

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3 0
2 years ago
During 2018, Jerry is a self-employed therapist, and his net earned income is $187,600 from his practice. Jerry's SEP Plan, a de
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Answer:

$55,000

Explanation:

A Simplified Employee Pension (SEP) Plan is used in the United States by employers or self-employed persons to provide retirement benefits for themselves and their employees

As stated by the Internal Revenue Service (IRS), the contributions that can be made to each employee’s SEP-IRA each year is which one is lower between 25% of compensation and the maximum of $55,000 for 2018.

We can then calculate as follow:

1. Jerry's contribution calculation = 25% × $187,600 =  46,900.

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Since a defined contribution plan states that Jerry will contribute the maximum amount allowable and the maximum for 2018 is $55,000, Jerry's contribution will therefore be $55,000.

3 0
3 years ago
Prepare the financial statements for Smart Touch Learning for the month of December. Remember that the business started operatio
Rudiy27

Answer:

Smart Touch Learning

1. Income Statement

For the year ended December 31, 2016

Service Revenue                                  $27,600

Salaries Expense                        7,200

Depreciation Expense Furniture   100

Insurance Expense                       350

Utilities Expense                           380

Rent Expense                            2,000

Supplies Expense                          60    10,090

Net income                                            $17,510

2. Statement of Retained Earnings

Net income                   $17,510

Dividends                       (4,600)

Retained earnings       $12,910

3. Balance Sheet

As of December 31, 2016

Assets

Current Assets:

Cash                                             45,710

Accounts Receivable                     1,300

Office Supplies                                350

Prepaid Insurance                        1,050   48,410

Noncurrent assets:

Furniture                                       9,100

Acc. Depreciation - Furniture        (100)   9,000

Total assets                                              57,410

Liabilities and Equity

Current liabilities:

Salaries Payable                                       4,600

Unearned Revenue                                  4,400

Total liabilities                                           9,000

Equity:

Common Stock                                      35,500

Retained earnings                                   12,910

Total equity                                             48,410

Total liabilities and equity                      57,410

4. Statement of Cash Flows

Operating activities:

Net income                    $17,510

Add Non-cash flows:

Depreciation expense        100

Working capital changes:

Accounts Receivable      (1,300)

Office Supplies                 (350)

Prepaid Insurance          (1,050)

Salaries Payable             4,600

Unearned Revenue       4,400

Net operating cash    $23,910

Investing activities:

Furniture                     ($9,100)

Financing activities:

Common Stock          35,500

Dividends                    (4,600)

Net financing cash  $30,900

Net cash flows         $45,710

Explanation:

a) Data and Calculations:

SMART TOUCH LEARNING

Adjusted Trial Balance

December 31, 2016  

Account Title                                 Debit   Credit

Cash                                             45,710

Accounts Receivable                     1,300

Office Supplies                                350

Prepaid Insurance                        1,050

Furniture                                       9,100

Accumulated Depreciation - Furniture        100

Salaries Payable                                        4,600

Unearned Revenue                                  4,400

Common Stock                                      35,500

Dividends                                    4,600

Service Revenue                                   27,600

Salaries Expense                        7,200

Depreciation Expense Furniture   100

Insurance Expense                       350

Utilities Expense                           380

Rent Expense                            2,000

Supplies Expense                          60

Total                                        72,200   72,200

8 0
2 years ago
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