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Goshia [24]
2 years ago
9

Alison incurs the following research expenditures. In-house wages $125,000 In-house supplies 12,500 Paid to ABC, Inc., for resea

rch services 175,000 If required, round your answers to the nearest whole dollar. a. Determine the amount of Alison's qualified research expenditures for the tax year. $fill in the blank 1 b. If the taxpayer's that the base amount is $150,000, what is Alison's incremental research activities credit
Business
1 answer:
Rom4ik [11]2 years ago
4 0

a. The amount of Alison's qualified research expenditures for the tax year is $251,250.

b.  Alison's incremental research activities credit is $20,250.

a. Alison's qualified research expenditures:

Qualified research expenditures=In-house wages+ In-house supplies+ (Research services× 65%)

Qualified research expenditures=$125,000+$12,500+ ($175,000×65%)

Qualified research expenditures=$125,000+$12,500+$113,750

Qualified research expenditures=$251,250

b.  Alison's incremental research activities credit:

Incremental research activities credit=(Qualified research expenditures-Base amount)×20%

Incremental research activities credit=($251,250-$150,000)×20%

Incremental research activities credit=$101,250×20%

Incremental research activities credit=$20,250

Inconclusion  the amount of Alison's qualified research expenditures for the tax year is $251,250 and Alison's incremental research activities credit is $20,250.

Learn more about qualified research expenditures here:brainly.com/question/8174418

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Most often, they must balance the needs of the stakeholders with the need to make profits
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3 years ago
Is the standard deviation of the sample a good estimate of the variation of salaries of TV personalities in​ general? A. ​No, be
Elenna [48]

Answer:

A.

Explanation:

According to my research on standard deviations, I can say that based on the information provided within the question No, because the sample is not representative of the whole population. This would not be the case if the samples included the entirety of the TV personalities population, which would then make the statistics accurate.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
The question, "What are the distinguishing characteristics of effective leaders?" sparked which approach to the study of leaders
Sergio [31]

Answer:

behavioral approach to the study of leadership

Explanation:

In simple words, The behavioral approach is only concerned with what managers do and what they behave. The behavioral approach broadened the science of leadership to encompass the activities of leaders toward followers in diverse settings by moving the study of leadership to leader behaviors. Monitoring and analyzing a leader's movements and behaviors in response to a given circumstance is central to behavioral leadership theory.

7 0
2 years ago
The before-tax income for Culver Co. for 2017 was $101,000 and $84,100 for 2018. However, the accountant noted that the followin
valentina_108 [34]

Answer:

Corrected income before tax year 2017 = $65,690  

Corrected income before tax year 2018 = $102,467

Explanation:

According to the scenario, computation of the given data are as follow:-

 

Particular                                            Year 2017 ($) Year 2018 ($)    

Income before tax                                            101,000    84,100    

Corrections      

1. In 2017, unearned sales                           -36,200      

Sales added in 2018                                                      36,200    

2. In 2017, understated ending inventory    9,500      

In 2018, overstated opening inventory                      -9,500    

3. Add-wrongly charged interest expenses    13,800            13,800    

Less-actual interest expenses      

In 2017 ($230,000-$14,000)×7%=$216,000×7% -15,120      

In 2018, bond of carrying amount

       =$216,000+($15,120-$13,800)=$217,320      

In 2018, Actual interest expense=($217,320×7%)    -15,212    

4 Add-wrongly charged depreciation expenses      

In 2017=($8,100×10%)                                           810      

In 2018,=($8,100-$810)×10%+$8,500×10% =                      1,579    

Less-actual expenses for repairs                          -8,100    -8,500    

Corrected income before tax                         65,690   102,467    

     

4 0
3 years ago
Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:
MrMuchimi

Answer:

The net income will increase by $6,712 if the subcomponent is purchased.

Explanation:

Giving the following information:

Swifty Corporation incurs the following costs to produce 9900 units of a subcomponent:

Direct materials $8316

Direct labor 11187

Variable overhead 12474

Fixed overhead 16200

Total cost= $48,177

An outside supplier has offered to sell Swifty the subcomponent for $2.85 a unit.

Swifty could avoid $3000 of fixed overhead by accepting the offer.

We need to calculate the total cost of buying the subcomponent:

Buy:

Total cost= 9,900*2.85 + (16,200 - 3,000)= $41,415

The net income will increase by $6,712 if the subcomponent is purchased.

8 0
3 years ago
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