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SCORPION-xisa [38]
3 years ago
15

Trent and kim divorced on september 1, 2017. as part of the divorce decree, beginning in september, trent was to make payments t

o kim of $1,000 a month for the balance of the year for recent medical expenses; child support payments of $1,000 per month, and $1,500 a month for the mortgage payment on a jointly-owned home. kim and the children will continue to live in the home. what is the amount that trent can deduct as alimony for 2017?
Business
1 answer:
Ymorist [56]3 years ago
5 0
What is an alimony? By the end of the the four months, in all, he owes $14,000 I am pretty sure
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At December 31, 2017, before any year-end adjustments, Macarty Company's Prepaid Insurance account had a balance of $2,700. It w
Whitepunk [10]

Answer:

The adjusted balance for Prepaid Insurance is $1,200. Whereas, the expired Insurance that is to be charged to Profit or Loss Statement is $1,500.

Explanation:

The Double Entry to Record the Expired Resource (Insurance) is:

Insurance Expense (Dr.)                   $1,500

             Prepaid Insurance (Cr.)                              $1,500

This implies that the adjusted balance for Prepaid Insurance is 2,700 - 1,500 = $1,200.

Thanks!

6 0
3 years ago
Read 2 more answers
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,300 of direct materials, $6,966 of di
storchak [24]

Answer:

Total cost of goods manufactured = $113,645

Explanation:

As for the information provided:

Opening Work in Process = Direct materials + Labor + Overheads

= $2,300 + $6,966 + $10,076 = $19,342

Adding all the cost for the period

Raw material = $39,800 used in production

Direct labor cost = $25,010

Overheads to be applied on predetermined rate = 2,400 \times $19.40 = $46,560

Total cost incurred including beginning work in process = $130,712

Less: Closing Work in process = $17,067

Total cost of goods manufactured = $113,645

4 0
3 years ago
In an establishment that serves alcohol for on premise consumption and gets less than 50% of its gross receipts from alcohol sal
KATRIN_1 [288]

Answer:

A. True

Explanation:

As we know that the license is been provided that serves alcohol for on-premise consumption and gets less than 50% of its gross receipts from alcohol sales, a cashier can be less than 18 years as well, according to the establishment. The establishment clearly mentions that it acquires less than 50 percent of its total receipts and a cashier can be less than 18 years. The given statements are true.

7 0
3 years ago
Why is education considered as foundation of any proffession.
olchik [2.2K]

Answer:

because you need to know certain things to be able to understand and properly do a job

Explanation:

3 0
3 years ago
______ refers to a set of unspoken guidelines that employees share in various work situations. Organizational theory Organizatio
mr_godi [17]

Organizational culture refers to a set of unspoken guidelines that employees share in various work situations.

<h3><u>Explanation:</u></h3>

The set of expectations that an organisation has towards its employees, the experiences, values to act as a guide to the behaviour of the employees and the experience are encapsulated in the organisation culture. It is the set of guidelines that helps the employees to conduct themselves within and outside the organisation.  

It can be considered as a set of values, beliefs and assumptions that shapes the behaviour of the employees of an organisation. It is the one through which the image of an organisation is projected. It helps the employees to work the way the organisation expects from them.  

3 0
3 years ago
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