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3 years ago

Which method for calculating a credit card balance does not take into

Business

2 answers:

8090 [49]3 years ago

6 0

Answer:

Explanation:

k0ka [10]3 years ago

3 0

Answer: It’s B

Explanation:2+2=4

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On January 1, 2021, Gridley Corporation had 375000 shares of its $2 par value common stock outstanding. On March 1, Gridley sold

lesya [120]

Answer:

1,075,000

Explanation:

Weighted average numbers of share account the weightage of outstanding numbers of the share in the year based on the outstanding period.

Outstanding Balances

375,000 share for 2 months

Addition of new 750000 shares on March 1

1,125,000 shares (375,000+ 750,000) for 2 months

Stock dividend of 20% ( 1,125,000 x 20% = 225,000) on May 1

1,350,000 shares (1,125,000+ 225,000) for 3 months

Retirement of 420,000 Shares on August 1

930,000 shares (1,350,000 - 420,000) for 3 months

Issuance of 600000 shares on November 1

1530,000 shares (930,000 - 600,000) for 2 months

Schedule for weighted average numbers of shares is attached please find it.

Download pdf

3 0

3 years ago

Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting

AnnyKZ [126]

Answer:

Tanuja is not entitled to a QBI deduction in 2019.

Explanation:

Tanuja has QBI from her accounting firm of $540,000

W-2 wages = $156,000

Unadjusted basis of property used in the LLC = $425,000

Taxable income before the QBI deduction = $475,000

Modified taxable income = $448,000.

Her accounting firm is a "specified services" business and she and her spouse's taxable income before the QBI deduction is $475,000, which exceeds the threshold for 2019.

6 0

3 years ago

The model of competitive markets relies on these three core assumptions:

Vesnalui [34]

Answer:

The three scenarios describe a competitive market.

Explanation:

1) In the competitive market buyers and sellers are price takers, this means that there are many producers and consumers and none of them are able to intervene in price and market. Price is given, ie price is determined by interaction in the market. 2) The products are identical. That is, no company will make a profit due to differentiated products. In perfect competition, companies produce identical products, and the consumer is indifferent to the product characteristics of each company. 3) There is free entry and exit of companies and factors of production, ie there is no cost to enter and exit any sector. This means that factors can migrate from one sector to another without incurring costs, meaning there are no barriers to entry and exit from any sector.

Thus, from items 1 and 2, consumers and buyers are price takers, that is, they cannot influence the price determined by the market. Item 3 is about achieving zero profit or normal long-term profit. This is because the free entry and exit of companies avoids extraordinary profits by encouraging companies to migrate to sectors that earn higher profits in the short term. Thus, in perfect competition, compa

7 0

3 years ago

Sumiko files her tax return married filing separately. She has not lived with her husband for over two years. Beginning in Janua

Bezzdna [24]

Answer:

b. 7,200

Explanation:

600 x 12 =7200

4 0

3 years ago

Which of the following best explains why commodity futures contracts are transferable

ioda

The reason why commodity futures contracts are transferable is: <span>They can be bought and sold but the obligation in the contract remains valid.

Commodity futures contract is an agreement to buy or sell a specific asset at a specific price somewhere in the future.
This contract does not specify the name of the person who should buys the asset, so it could be transferable as long as the exchange is still fuiflled.

</span>

4 0

3 years ago