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3 years ago

Economics-- please help!

1 answer:

3 0

Contractionary fiscal policy. This occurs when government is spending less than the total tax revenue it receives. The policy is a result of raising taxes and/or reducing spending.

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Holly created a saving and investing plan over twelve years ago. She has not looked at it or made any changes to it. What saving

Tpy6a [65]

Continually reassess your plan. As part of the investment process and financial planning process, Holly should monitor and reassess her savings and investing plan annually to determine if her goals have changed and if she is meeting her goals through the plan's performance.

4 0

3 years ago

This year, Santhosh, a single taxpayer, estimates that his tax liability will be $100,000. Last year, his total tax liability wa

Alekssandra [29.7K]

Answer:

a) Is Santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty?

No he is not required to make any payments or increase his withholdings because this year's withholdings already represent a 133% increase with respect to last year's tax liability. If the withholdings for the current are over 100% last year's tax liability, then the taxpayer doesn't need to make any further adjustments in order to avoid underpayment penalties.

b) By how much, if any, must Santhosh increase his withholding and/or estimated tax payments for the year to avoid underpayment penalties?

6 0

3 years ago

Abc sold 680 units of inventory during the month. cost of goods sold assuming lifo would be?

Luba_88 [7]

Cost of goods sold assuming LIFO would be $1,653.

It is a technique used to account for stock. under LIFO, the charges of the maximum current merchandise bought are the first to be expensed. LIFO is used best within the governed via the generally usual accounting concepts.

Determine the inventory cost of our oldest stock and multiply that fee with the aid of the quantity of inventory bought, whereas to calculate LIFO decide the fee of your maximum recent stock and multiply it by using the amount of inventory bought.

explanation;

Records for Dunbar Incorporated revealed the following:-

Cost of goods sold = (320 × $2.51) + (360 × $2.36)

Cost of goods sold = $803.2 + $849.6

Cost of goods sold = $1,653

Disclaimer:- your question is incomplete, please see below for complete questions

Beginning inventory 470 $2.36 Apr.

20 Purchase 320 2.51 Dunbar sold 680 units of inventory during the month. Cost of goods sold assuming LIFO would be?

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5 0

2 years ago

on january 1, 2021, adams-meneke corporation granted 15 million incentive stock options to division managers, each permitting ho

Bingel [31]

Compensation expense for the stock option plan in 2021, 2022, 2023 are $210 millions, $96 million, $108 million.

Options granted 120 Millions

Multiply: Estimated fair value per option is $ 3

Total Compensation Expense is $ 360 Millions

Divided by: No. of years in vesting period (2021,2022 & 2023) 3 Years

Compensation expense for the stock option plan in 2021. is $ 120 Millions

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2021 Compensation expense $ 120

Paid in capital – stock options $ 120

Percentage of option forfeited (100%-10%) = 90%

Cumulative Compensation expense Up to Year 2022 (360*90%*2/3) = $ 216

Less: recognized in earlier year is $ 120

Compensation expense For Year 2022 is $ 96

Cumulative Compensation expense Up to Year 2023 (360*90%*3/3)

= $ 324

Less: recognized in earlier year is $ 216

Compensation expense For Year 2023 is $ 108

Amounts are expressed in millions $.

Date General journal debit Credit

31st Dec, 2023 Compensation expense $ 96

Paid in capital – stock options $ 96

31st Dec, 2023 Compensation expense $ 108

Paid in capital – stock options $ 108

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3 0

2 years ago

Assuming two investments have equal lives, a high discount rate tends to favor Group of answer choices the investment with even

notka56 [123]

Answer:

the investment with large cash flow early

Explanation:

This can be illustrated with an example.

There are 2 investments A and B

The cash flows of A =

Cash flow in year 1 = $50,000

Cash flow in year 2 = 0

Cash flow in year 3 = 0

The cash flows of B =

Cash flow in year 1 = 0

Cash flow in year 2 = 0

Cash flow in year 3 = 50,000

Discount rate for both investment is 40%

Present value of A = $35,714.29

Pesent value for B = $18,221.57

It can be seen that the investment with the higher cash flow early has a higher present value

3 0

3 years ago