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STALIN [3.7K]
3 years ago
6

Bill operates a proprietorship using the cash method of accounting, and this year he received the following: $140 in cash from a

customer for services rendered this year a promise from a customer to pay $192 for services rendered this year tickets to a football game worth $230 as payment for services performed last year a check for $178 for services rendered this year that Bill forgot to cash How much income should Bill realize on Schedule C
Business
1 answer:
Masja [62]3 years ago
7 0

Answer:

$548

Explanation:

Calculation to determine How much income should Bill realize on Schedule C

Income realized=$140+ $230 + $178

Income realized= $548

Therefore How much income should Bill realize on Schedule C is $548

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Lana71 [14]

Price increase because the supply is low but the demand is more

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3 years ago
Another term for "food poisoning" is?
disa [49]

Answer:

botulism. salmonella.

Explanation:

7 0
3 years ago
Read 2 more answers
Fox Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,150 2 1,030 3 1,520 4 1,880 a.
bonufazy [111]

Answer:

The answer is $4,221.77

Explanation:

Present value = Cash flow/(1+r)^n

where n is the number of years

Cash flow 1:

$1,150/1.11^1

=$1,036

Cash flow 2:

$1,030/1.11^2

=$835.97

Cash flow 3:

$1,520/1.11^3

=$1,111.41

Cash flow 4::

$1,880/1.11^4

=$1,238.39

Present Value of all the cash flows is

$1,036 + $835.97 + $1,111.41 + $1,238.39

=$4,221.77

6 0
3 years ago
Jagjit Company designs and builds retaining walls for individual customers. On August 1, there were two jobs in process:
Alex787 [66]

Answer and Explanation:

1. The computation of the number of direct labor hours for each job is as follows

Number of direct labor hours = Direct labor per cost ÷ direct labor wage rate per hour

For Job 93

= $2,160 ÷ $18 per hour

= 120 hours

For job 94

= $5,400 ÷ $18 per hour

= 300 hours

For job 95

= $2,610 ÷ $18 per hour

= 145 hours

For job 96

= $900 ÷ $18 per hour

= 50 hours

2. The overhead applied for each job is

Overhead applied is

= Number of direct labor hours × overhead rate

For Job 93

= 120 hours × $8

= $960

For job 94

= 300 hours × $8

= $2,400

For job 95

= 145 hours × $8

= $1,160

For job 96

= 50 hours × $8

= $400

3. The preparation of the job order cost sheet is presented below:

Particulars       Job 93          Job 94          Job 95            Job 96

Beginning

balance            $8,750         $7,300

Direct

materials         $950             $4,500        $3,300               $1,300

Direct

labor                $2,160          $5,400         $2,610               $900

Applied

overhead         $960            $2,400         $1,160               $400

Total                $12,820         $19,600       $7,070              $2,600

4. The balance in work in process as on August 31 is

= Total job cost - cost of completed jobs

= ($12,820 + $19,600 + $7,070 + $2,600) - $12,820

= ($42,090 - $12,820)

= $29,270

5. Now the price of Job 93 is

= Job cost of 93 + Job cost of 93 × given percentage

= $12,820 + $12,820 × 40%

= $12,820 + $5,128

= $17,948

4 0
3 years ago
Jack has $1,000 to invest. He has a choice between municipal bonds with an interest rate of 4% or corporate bonds with an intere
neonofarm [45]

Answer:

Ans. The after-tax rate of return on the municipal bonds is 3% and the after tax rate of return on the corporate bonds is 4.5%

Explanation:

Hi, the formula to find the after-tax rate of return of any taxable income is as follows.

r(AfterTax)=r(BeforeTax)*(1-Taxes)

Therefore, in the case of the municipal bond.

r(AfterTax)=0.04*(1-0.25)=0.03

So, the after-tax rate of return of the municipal bond is 3%.

And for the corporate bond is.

r(AfterTax)=0.06*(1-0.25)=0.045

And the after-tax rate of return of the corporate bond is 4.5%.

It means that taxes on municipal bonds are:

Taxes= Return(BeforeTax)-Return(AfterTax)

In the case of municipal taxes:

Taxes=0.04-0.03=0.01

1% taxes for municipal bonds

In the case of corporate taxes:

Taxes=0.06-0.045=0.015

1.5% taxes for corporate bonds

Best of luck.

7 0
4 years ago
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