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valkas [14]
3 years ago
15

During 2019, Pepe Guardio purchases the following property for use in his calendar year-end manufacturing business:

Business
1 answer:
Sladkaya [172]3 years ago
8 0

Answer:

Depreciation Expense for 2019 using form 4562

Basis For depreciation; Recovery Period ; Convention ; Method ; Depreciation deduction

2,000 ; 5 years ; HY ; 200 DB ; 400

40,000 ; 7 years ; HY ; 200 DB ; 6,573

Explanation:

Accelerated method of depreciation is used by businesses for accounting and income tax purposes. The depreciation is calculated in such a way that the depreciation expense is higher in early years and lower in later years. Pepe is also using this method to account for his business assets. The depreciation expense for computer equipment and manufacturing equipment's totals $6,973.

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Belinda is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Beli
Andrej [43]

Belinda is in charge of both accounting and investments and all of the employees involved with these functions at her firm. Belinda is "Financial Manager".

<h3>Who is financial manager?</h3>

Financial manager examine financial information compiled by accountants, keep track of the company's financial situation, and create and carry out financial strategies.

The roles of financial manager are-

  • creating reliable financial information and reports
  • cash flow statements being created
  • estimating a profit
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  • giving guidance on financial decision-making
  • investing guidance
  • generating financial projections
  • Budgeting

Therefore, one of the most crucial duties of business owners and managers is financial management.

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brainly.com/question/26690519

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3 0
1 year ago
At the end of the current year, $12,040 of fees have been earned but have not been billed to clients.
PSYCHO15rus [73]

Answer:

a.

Date                  Account Title                                          Debit                   Credit

XX-XX-XXX      Accounts Receivable                         $12,040

                         Fees earned                                                                    $12,040

b. No it would not have been.

If using the cash basis, the revenue would only be recognized when the cash is paid to the company. As the cash has not been paid, there would be no need to adjust for the revenue in the present period.

4 0
2 years ago
N the united states, the control of the money supply is the responsibility of the:____.
lutik1710 [3]

N the united states, the control of the money supply is the responsibility of the Federal Reserve System.

The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial crises led to a desire for centralized control of the monetary system to alleviate crises. financial crisis.

The Federal Reserve System provides the country with a secure, flexible, and stable monetary and financial system. The main functions of the Fed include conducting national monetary policy, supervising and regulating banks, maintaining financial stability, and providing banking services.

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8 0
1 year ago
A 51-year-old female is referred to your office after her PCP incidentally found a left adrenal mass of 2.8 cm in diameter on an
trapecia [35]

Answer:

In the management of this patient, there is no need for any tests to be done. However there are several steps must be taken which includes measurement of the activity in the plasma renin, measurement of the concentration of the plasma aldosterone, measurement of fractionated catecholamines and metanephrines, and administering the patient with 1-mg overnight dexamethasone suppression test .

Explanation:

3 0
3 years ago
At the beginning of the year, Vendors, Inc., had owners' equity of $49,850. During the year, net income was $6,150 and the compa
LekaFEV [45]

Answer: $12,600

Explanation:

Based on the information that have been given in the question, the cash flow to stockholders for the year would be calculated as:

= Dividends Paid - (Ending Common Stock - Beginning Common Stock)

= $4250 - {[$49850 - $8350] - $49850}

= $4250 - [$41500 - $49850]

= $4250 - (-$8350)

= $4250 + $8350

= $12,600

5 0
3 years ago
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