Gathering feedback to ensure that the plan is being followed is referred to as

Patrick has an adjusted gross income of $120,000 in the current year. He donated $50,000 in cash to a public charity; capital ga

bogdanovich [222]

Answer:

$8,000 bc (AGIx30%)- contributions

if this is a multiple choice question post the choices and i will tell you the corrrect one. thanks

4 0

3 years ago

"mary and bob are trying to decide how much auto insurance to buy". they share the same expectations of an accident, with the sa

Alexxx [7]

THEY WANT a divorice

6 0

3 years ago

RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.

mezya [45]

Answer:

RecRoom Equipment Company

Date Particulars Debit Credit

1Nov Note Receivable $ 13,200

Account Receivable $ 13,200

RecRoom Equipment Company received an $13,200, six-month, 7 percent note to settle an $13,200 unpaid balance owed by a customer.

31 December Interest Receivable $ 924

Interest Revenue $ 924

To record the accrued interest earned. $13,200*7%= $ 924. As it is for two months the amount would be $ (924/12)*2= $ 154

1 May Cash $ 13,662

Interest Income $ 462

Notes Receivable $ 13,200

RecRoom receives the interest on the note's maturity date. RecRoom receives the principal on the note's maturity date.

4 0

3 years ago

Your firm manufactures motorcycles for the consumer market. You purchase raw materials to build the motorcycles from a variety

Paha777 [63]

Answer:

The correct answer is letter "E": Derived demand.

Explanation:

Derived demand implies the quantity requested to manufacture a good is directly related to the supply requested from the market. If the demand for the good increases, it means the quantity of the materials needed to manufacture that good will increase as well.

6 0

3 years ago

Simplifying the ABC System: TDABC Golding Bank provided the following data about its resources and activities for its checking a

IRISSAK [1]

Answer:

1.$20 per hour

2. Processing accounts $4 per account

Issuing statements $2 per statement

Processing transactions $1 per transaction

Answering inquiries $3 per inquiry

$40,000

Explanation:

1. Calculation to determine the capacity cost rate for the checking account process

Using this formula

Capacity cost rate= Total resources / Total checking processing hours

Let plug in the formula

Capacity cost rate= $400,000 / 20,000

Capacity cost rate= $20 per hour

Therefore the capacity cost rate for the checking account process is $20 per hour

2. Calculation to determine the activity rates for the four activities.

Processing accounts= 0.20 × $20

Processing accounts= $4 per account

Issuing statements= 0.10 × $20

Issuing statements= $2 per statement

Processing transactions= 0.05 × $20

Processing transactions= $1 per transaction

Answering inquiries= 0.15 × $20

Answering inquiries= $3 per inquiry

Therefore the activity rates for the four activities are:

Processing accounts $4 per account

Issuing statements $2 per statement

Processing transactions $1 per transaction

Answering inquiries $3 per inquiry

Calculation to determine the cost of the issuing statements activity If the total of issuing statement was 20,000

Using this formula

Cost of the issuing statements activity= Issuing statements*Total of issuing statement

Cost of the issuing statements activity

Let plug in the formula

Cost of the issuing statements activity= 20,000 × $2

Cost of the issuing statements activity= $40,000

Therefore the cost of the issuing statements activity is $40,000

7 0

3 years ago