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eduard
3 years ago
12

ADP reports the following income statement.

Business
1 answer:
oee [108]3 years ago
3 0

Answer:

Forecast of 2020 net earnings = $299.2 million.

Explanation:

Note:

a. See part a of the attached excel file for the calculations of the Historic Percent of Total Revenue.

b. See part b of the attached excel file for the Forecast of ADP’s 2020 income statement.

From part b of the attached excel file, we have:

Forecast of 2020 net earnings = $299.2 million.

Download xlsx
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Whitepunk [10]

Answer:

C. Increases

Explanation:

When payment frequency increases, it results to lesser amount per payment which will lead to a higher total amount of premium paid. consider this general rule of thumb; the greater the number of payments, the higher the actual premium paid over the course of the year.

5 0
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dezoksy [38]

Answer: Objective

Explanation:    

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So, this organizational goals is known as the objective goals as it sets the main effective objective without providing any other details.

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4 0
3 years ago
Adidea Corp. Estimates that $5,670 of its accounts receivables are uncollectible. How will the company record the transaction? T
muminat

Answer and Explanation:

The journal entry to record the given transaction as follows:

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        To Account receivable $5,670

(being uncollectible account expense is recorded)

Here the expense is debited as it increased the expenses and credited the account receivable as it decreased the asset

5 0
3 years ago
Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has
Brrunno [24]

Answer:

over 1 year

Explanation:

IRS known as Internal Revenue Service interpret internal revenue code and they control treasure regulation. They also have code that control disposition of asset which is the process of selling out of an asset

It should be noted that Under IRS regulations, a gain or loss upon current disposition of an asset is first considered to be long term if the asset has been held for over 1 year.

7 0
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Therefore the most appropriate answer to the space given above is option D.

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