The debits entered in the raw materials account during the month of December totals $60,000. Since that was the only transactions that in that month was used to purchase new raw materials it is shown as a debit to the raw materials account. The $26,000 already on hand and the $62,000 were also on hand but used for production, not purchased.
Based on his age and income, the maximum that Jack is able to contribute to a Roth IRA in 2019 is <u>C. 7,000.</u>
In the year 2019, tax laws were such that:
- $6,000 was the maximum to be contributed to Roth IRA.
- $1,000 could be contributed in excess by those above the age of 50.
As Jack is above the age of 50, he can contribute an extra $1,000 over the limit which puts him at:
= 6,000 + 1,000
= $7,000
In conclusion, Jack can contribute a maximum of $7,000.
Find out more on Roth IRA at brainly.com/question/1300867.
<h2>"Social audit documents" will give Katelyn the information about how socially the company has involved to protect the planet and people.</h2>
Explanation:
Let us understand what a social audit is.
- It is an official evaluation about the involvement in social responsibility projects by the organization.
- It creates an impact on the governance.
- This prevents public relations crises associated with ethical or legal misconduct.
- Narrow gaps between vision and reality.
- It enters into action when there is no equal employment opportunity, when the environmental quality gets affected, etc.
The social activities that it includes are:
- volunteer events
- work environment
- employees wages
- utilization of energy
- charitable contributions
The prices will ultimately decrease in a competitive industrial environment.
Answer:
The net cost equivalent for the discount 25/10 is 0.675.
Explanation:
- Net cost equivalent is the total amount in percentage that should be paid by customer after deducting the discount amount from the list price.
- TDS is the short form fro tax deducted source. The process for calculation of TDS is:
- Here the discount is given as: 25/10 so,
- Calculate (1-0.25) is equals to 0.75.
- And (1-0.10) is equals to 0.90.
- Using the formula as TDS : (1-0.25) × (1-0.10)
- We get TDS as 0.675.
