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lawyer [7]
2 years ago
7

During 2020, Sandeep had the following transactions: Salary $ 80,000 Interest income on City of Baltimore bonds 1,000 Damages fo

r personal injury (car accident) 100,000 Punitive damages (same car accident) 200,000 Cash dividends from Chevron Corporation stock 7,000 Sandeep's AGI is: a.$387,000. b.$285,000. c.$287,000. d.$187,000.
Business
1 answer:
Sergeu [11.5K]2 years ago
6 0

Answer: c.$287,000.

Explanation:

City of Baltimore bonds are Municipal so their interest are tax exempt and so are Damages for personal injury.

Sandeep's AGI is therefore;

= Salary + Punitive damages + Cash dividends from Chevron

= 80,000 + 200,000 + 7,000

= $287,000

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A company had the following... A company had the following purchases and sales during its first year of operations: Purchases Sa
Brums [2.3K]

Answer:

$5,415

Explanation:

                              Purchases              Sales

January:               10 units at $120      6 units at $120

February:            20 units at $125      5 units at $125

May:                     15 units at $130      9 units at $130

September:         12 units at $135       8 units at $135

November:          10 units at $140      13 units at $140

On December 31, there were 26 units remaining in ending inventory.

When you use last in, first out (LIFO) method, you calculate cost of goods sold based on the price of the last units purchased.

COGS:

  • January: 6 units at $120 = $720
  • February: 5 units at $125 = $625
  • May: 9 units at $130 = $1,170
  • September: 8 units at $135 = $1,080
  • November: 13 units at $140 = $1,820
  • total $5,415
5 0
3 years ago
If a check correctly written and paid by the bank for $272 is incorrectly recorded in the company's books for $227, how should t
djverab [1.8K]

Answer:

Add $45 to the book balance.

Explanation:

This is a transposition error which is an example of error of original entry. A transposition error occurs when the figures are posted in the wrong order, while an error original entry occurs when a wrong amount is entered into the right account. This kind of error usually causes discrepancy between the bank balance and the book balance.

To correct this error in the question, we first find the difference between the right amount and the wrong amount as follows:

Difference = Right amount – Wrong amount = $272 - $227 = $45

Therefore, the difference of $45 will be added to the book balance to bring it into an agreement with the bank treatment as follows:

Bank correct treatment = $272

New book treatment = Wrong amount + Difference = $227 + $45 = $272  

It can now be seen that both posting are now in agreement after the correction.

4 0
3 years ago
Describe how hrd is linked to the overall goals and strategies of an organization
Yuki888 [10]

Raising standards and productivity, helping firms adapt to change, boosting employee morale and cutting absenteeism, improving the quality of working life, and building a learning culture are just a few benefits of HRD.

Why is HRD essential to achieving company goals?

Because it is an investment in one's employees that will ultimately result in a stronger and more productive workforce, human resources development is important. By supporting employee development, a business strengthens its resources and raises the value of its workforce.

Strategic human resource management is the process of integrating human resources with strategic goals and objectives in order to improve organizational performance and foster an environment that fosters innovation, adaptability, and competitive advantage.

To know more about human resources development

brainly.com/question/10583893

#SPJ4

7 0
1 year ago
:- How might U.S. pharmaceutical companies and U.S. consumers benefit from the rise of the Indian pharmaceutical industry?
lesantik [10]

Answer:

Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.

The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.

Explanation:

Due to the rise of the India's pharmaceutical industry the US pharmaceutical companies benefit by the increase in volume of sales due to the low costs of imports.

The U.S. consumers benefited from rise in Indian pharmaceutical industries, because of lower cost medications, insurance, copays as well as out of pocket expenses and greater financial flexibility that offers pharmaceuticals developed at lower research and development (R&D) cost.

The U.S. pharmaceutical companies have major benefits from India because the people from India see others inputs instead of the goals for themselves and America is seen as an individualistic culture and there is lower power distance in America due to the fact that everyone is created equal which is why within America, people often to seek their own personal goals instead of the good of others.

Furthermore America is more concerned about self while India seeks to help the world globally which is why two different counties have to adapt to policies and procedures to respect exporting trade rights and this policy is known as the World Trade Organization.

6 0
2 years ago
Regarding competitive strategies, companies seek efficient manufacturing and productive employees to achieve ___________.
hoa [83]

Answer:

D. differentiation.

Explanation:

Option A - Low-cost leadership refers to the strategy in which the customers are getting the products at a low cost. Companies seek to achieve cost leadership, but with efficient manufacturing and productive employees cannot help them to achieve that.

Options B and C - With local employees, it is challenging to achieve global operation, and focused differentiation is the selling of unique products to the customers. So, those are wrong answers.

Option D - With the help of differentiation strategy, companies seek effective manufacturing and productive employees to attract customers to take their products from the thousands of products in the market. Therefore, it is the correct answer.

8 0
3 years ago
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