Answer:
The accounts receivable turnover rate is 21.73
Explanation:
The formula for accounts receivable turnover is
365/Average days to collect.
This way we can find how many times a year does the company collect payments for its accounts receivable, so when we divide the total number of days in a year by the average number of days to collect we can calculate how many times we collect payment for accounts receivable.
In the question we are given the average days to collect which is 16.8
We have to put that into a formula
365/16.8=21.73
Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion costs is 1,600 units.
<h3>What equivalent units are for conversion costs?</h3>
This can be found as:
= Number of units that are WIP x Percentage of completion
Solving gives:
= 3,200 x 50%
= 1,600 units
Find out more on equivalent units at brainly.com/question/16259709
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A computer would enhance the productivity of a business because it would produce better communication and would also help things be accomplished faster. hope that helps if not lmk
1) You can get to know what career suits you the most
2) Know about the relevant options you can go for
3) Know what career suits your qualifications
4) Benefits and pros and cons
Answer:
B. You need a separate W-2 form from EACH of your employers in order to file your taxes.
Explanation:
Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.
In order to ensure that, all employees pay taxes on the income earned throughout the year, the internal revenue service (IRS) has made it compulsory and mandatory for all employers to make available a W-2 Form to all their employees, so as to enable these employees fill out the total amount of wages, how much income tax is to be withheld from their respective paycheck in relation to their filing status and how much was paid as tax the previous year. Therefore, a W-2 form is used by an employer to report the wages paid to each employee, calculate how much tax should be withheld from his or her employee's paycheck and submitted to the internal revenue service (IRS).
Additionally, any employee who defaults in the payment of his or her income tax would be faced with stiff penalties such as failure-to-file, paying a fine etc.
Hence, the true statement regarding a W-2 form is that, as an employer you need a separate W-2 form from each of your employers in order to file your taxes.
