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2 years ago

Why is it important to file your income taxes before tax day? provide two reasons.

Business

2 answers:

Lana71 [14]2 years ago

8 0

Answer:

There are several reasons to complete tax returns early rather than waiting until Tax Day: More accurate returns potentially resulting in larger refunds. Less competition for appointments with tax preparers. More time to plan for tax payments. Less chance of tax fraud.

Explanation:

:) DO YOUR TAXES!!! lol

pishuonlain [190]2 years ago

6 0

Because if you file the, store tax day then there is less stress when it comes to filling them out. Also if you just fill them all out the day of then you might become more frantic and forget things.

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Cushion Sports accepted a credit card account receivable in exchange for $5,000 of services provided to a customer. The credit c

Andrew [12]

Answer:

increase assets and equity by $4,750

Explanation:

Based on the information given we were told that they accepted an account of a credit card account receivable for the exchange of the amount of $5,000 of the services that was provided to a customer in which the credit card company charges 5% service charge, Based on this if we are to Record the transaction in the company's accounting records the effect on the accounting equation will be:

Increase assets and equity by $4,750

Calculated as :

$5,000-($5,000*5% Service charge)

$5,000-$250

=$4,750

4 0

2 years ago

Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he wi

jarptica [38.1K]

Answer:

sag

Explanation:

not sure

6 0

2 years ago

Big Dom’s Pawn Shop charges an interest rate of 27 percent per month on loans to its customers. Like all lenders, Big Dom must r

Bad White [126]

Answer:

a. 324%

b. 16.61%

Explanation:

a. The computation of the APR is the annual rate of interest which is shown below:

= Interest per month × number of months in a year

= 27% × 12 months

= 324%

b. And, the effective annual rate would be

= (1 + interest rate per month) ^ Number of months in a year - 1

= (1 + 27%) ^ 12 -1

= 1.27 ^ 12 -1

= 17.6053 - 1

= 16.61%

7 0

3 years ago

In the us economy the money supply is controlled by the

Evgesh-ka [11]

The money supply is controlled by the Government. Its spending or changing taxes.

Hope this helped. Have a great day! :D

5 0

2 years ago

has an inventory of 500 obsolete remote entry keys that are carried in inventory at a manufacturing cost of $ 80 comma 500. Prod

Slav-nsk [51]

Answer:

Remote enter keys shall be further processed in order to decrease the amount of loss by $11,000.

Explanation:

As in the given case,

Number of units = 500

Carrying cost = $80,500

Cost per unit = 80,500/500 = $161

In case of scrap for the price of $4,000

Scrap price per unit = $4,000/500 = $8

Thus, loss per unit in case of scrap = $161 - $8 = $153

In case inventory is further processed

Total cost = $80,500 + $19,000 = $99,500

Cost per unit = $99,500/500 = $199

Revenue earned = $34,000

Revenue per unit = $34,000/500 = $68

Thus, loss per unit in case of further processing = $199 - $68 = $131

Therefore the inventory shall be processed in order to save the total loss of $153 - $131 = $22 per unit

Total loss saved = $22 $\times$ 500 = $11,000

3 0

3 years ago