Based on the fact that Sam and Dave decided to pay themselves half of the net income, Dave will have to pay income and social security tax on $50,000.
What will happen to Sam and Dave?When an LLC is formed, it is taxed on a pass-through basis which means that its income is treated as income of its partners as sole proprietors.
This means that the $100,000 net income will be treated as income for the Sam and Dave. Both of them will therefore pay income and social security taxes on $50,000 each which will be their share.
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If a customer buys good or services amounting to R3 000 from a business that uses only traditional cash registers, would a cash slip be appropriate as a source document? What would distinguish this document from a full tax invoice?
Answer:
yes
Explanation:
because source document serve as proof of a transaction having occurred
A company receives $10,000 in cash for services yet to be performed. Using the accrual method, what's the correct entry to record the transaction? (A) Debit cash $10,000, credit accounts receivable $10,000 (B) Debit cash $10,000, credit sales revenue$1 0,000 (C) Debit sales revenue $10,000, credit cash $10,000 (D) Debit cash $10,000, credit unearned revenue $10,000 (E) Debit cash $10,000, credit accounts payable $10,000
Answer:
credit accounts receivable $10,000 (B)
The correct entry to record the transaction is (D) Debit cash $10,000, credit unearned revenue $10,000.
What is the accrual method of recording transactions?With the accrual method, transactions, that is revenue or expenses, are recorded when they occur not when payment is received or made.
The accrual method follows the matching principle. The matching principle requires that expenses are matched to the revenue that they generate.
Thus, the correct entry to record the transaction, where a company receives $10,000 in cash for services yet to be performed, is (D) Debit cash $10,000, credit unearned revenue $10,000.
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Briefly describe nine other driving forces that impact the motor vehicle industry most.
Some of the driving forces of the motor vehicle industry include:
Economic conditions. Consumer taste. Governmental regulations. Technological advances. Labor force skill. Supply chain management. International Competition. Political competition. Environmental risks. Which forces affect the motor vehicle industry?Economic conditions affect sales of motor vehicles as well as consumers changing their taste in the type of vehicles they want.
Government regulations such as those relating to environmental risk can also play a big part and political competition amongst nations can lead to supply chain disruption for motor vehicle manufacturers.
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How much does it cost to manufacture a normal pair of goggles?
Answer:
For basic, single lenses, it's $113. That means the total will run you on average about $351 for a complete pair of glasses.
Explanation:
Once you have this, you can most likely begin creating your slide presentation.
A. An outline of the material you want to cover in your slide presentation.
B. The date and location of your slide presentation.
C. The best colors and size to use for your fonts.
D. A good collection of images
Answer:
A. An outline of material you want to cover in your slide presentation.
Answer:
A.
Explanation:
Please answer quickly will mark BRAINLIST
Answer:
Sorry if I get this wrong, but I believe it is A. Like I said, sorry if I got it wrong
Answer:
I also think its option A.
If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of?
The duration gap is calculated by subtracting the duration of the liabilities from the duration of the activity of the financial entities. Thus, in this case, the net worth of 1.8 percent of its assets.
What do you mean by Duration Gap?Duration Gap refers to the term used by funds, banks, pensions, or many financial institutions to estimate the risk because of changed interest rates.
Also, if we have a negative duration gap means that the market value of equity will increase when interest rates rise.
Thus, in this case, If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of 1.8 percent of its assets.
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18) Sum, Average, and Count are examples of ________.
A. categorical statistics
B. reporting criteria
C. summary calculations
D. summary statistics
Answer:
Summary calculation
Explanation:
The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.Option C is correct
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[tex] \sf{\green{C. \:Summery \: calcilations}}[/tex]
The end of summary calculation refers to summary statisticsBut here we have to calculate things like sum ,mean, average etc.Carla vista co. received proceeds of 5585020 on a 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of 530000, pay interest annually on December 31, an have a call price of 104. Carla vista uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021
The bond's carrying value was $489,560 when Carla Vista Company received proceeds of $55,85,020 on a 10-year, 8% bond issued on January 1, 2019.
What is amortization?Amortization is the process of repaying a debt in equal installments over a period of time.
A portion of each payment is applied to the loan principal, while the remainder is applied to interest.
Computation of Carrying value of Bond:
According to the information given in the case,
First, the premium amount must be computed. This sum is calculated as follows:
Premium Amount = Face value of Bond – Proceeds received
Premium Amount = $530,000 – $558,5020
Premium Amount = -$505,5020
Now it's time to figure out the annual amortization value, which may be done by doing the following:
Annual amortization = Premium Amount/Time period
Annual amortization = -$505,5020/10
Annual amortization = -$505,502
Then, the carrying value of the bond will be:
Carrying value of bond = face value – unamortized discount
Carrying value of bond = $530,000- (-$505,502×8%)
Carrying value of bond = $489,560
Therefore, the carrying value of the bond is $489,560.
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May someone pls help and fast???
Answer:
Its the SAT (Scholastic Aptitude Test)
And for Tamara, she should ask Ben politely to lower his voice
In the Trial Balance:
a. Total of both debit and credit should be equal.
b. Total of debit side can be greater than credit side.
c. Total of debit side will be less than credit side.
d. Total of debit side and credit can be different.
Correct answers will be mark as brainliest
Don't answer if you don't know
Answer:
Option A
Explanation:
Debit is for increasing expenses and assets Where as credit decreases them.As per Newtons third law every action has a equal and opposite reaction
So every debit have a equal credit in trial balance.Opt A is correct
Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.
a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.
b. College students rush and buy discount furniture to take advantage of an unexpected price drop.
c. College students purchase many more energy drinks during finals week than during the rest of the semester.
d. Students eat out more often as the federal government increases how much grant money it provides students.
a. College students reduce how much detergent they use for each load of laundry in response to higher detergent prices.
(demand curve)
b. College students rush and buy discount furniture to take advantage of an unexpected price drop.
(Shift of a demand curve)
c. College students purchase many more energy drinks during finals week than during the rest of the semester.
(Demand curve)
d. Students eat out more often as the federal government increases how much grant money it provides students.
(Shift or a demand curve)
PLS HELP!!!
Teachers are probably not the favorite of the people they arrest and imprison, so being able to handle the negativity thrown at them on a daily basis is important.
A. True
B. False
Answer:
False.
Explanation:
I took the career test (answer proof!!)
Question 13:
(screenshot)
your welcome :3
Dont have a good day, have a great day!! ^-^
Match each term in Column A with its definition in Column B.
(Column A) 1. favorable balance of trade 2. tariff 3. subsidy 4. customs inspection 5. “infant” industry 6. quota 7. foreign-currency controls. (Column B) a limit on the total amount or value of a
product that may be imported
b. limits on the amount of another nation's
money that an importer may buy to
purchase imports
c. an excess of exports over imports
d. an investigation to determine if goods entering the country are legal and if they are
subject to a tariff
e. a tax on imports
f. an industry that is in the early stages of de-
velopment in a country
g. a government payment to support an individual, a firm, or an industry.
Matching of items implies that one is merging or connecting or aligning items that share things or meanings in common together for a significant alignment. Read below about these matching.
What are the correct matching of these items?The correct matching of these items are as given below;
Favorable balance of trade: an excess of exports over importsTariff: a tax on importsSubsidy: a government payment to support an individual, a firm, or an industry.Customs inspection: an investigation to determine if goods entering the country are legal and if they are subject to a tariff“Infant” industry: an industry that is in the early stages of development in a countryQuota: a limit on the total amount or value of a product that may be importedForeign-currency controls: limits on the amount of another nation's money that an importer may buy to purchase imports.Therefore, the above matching is the correct matching of items.
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Explain the difference between what health insurance covers and what long term disability insurance covers
Answer:
In essence, health insurance benefits enable employees to seek needed medical care. Disability insurance replaces a portion of employee income when they can't work because of an illness or disability. For the most part, disability insurance will not replace all of someone's income.
Explanation:
The Long term disability insurance protects you during lengthy of disability when you’re unable to work (for example, if you are injured.) It is sometimes described as income replacement insurance, as it will pay you a monthly amount that replaces your regular paycheck while you are not working.
To make insurance more affordable and protect the insurance company from paying out too much in claims, insurers will pay an insurance premium.
These Insurance premiums are paid to cover for healthcare, automobiles, home, life etc. Insurance companies earn this premium but also represents a liability from which they are able to pay for claims made against insurance policies.
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Wheat is an example of this market structure.
A. perfect competition
B. a monopoly
C. an oligopoly
D. monopolistic competition
Answer:
perfect competition
Explanation:
The wheat industry is a very competitive market. It has many sellers and producers.
Y return goods to X. Which document will Y send to X?
A. Credit note
B. Debit note
C. Invoice
D. Receipt
Correct answers will be mark as BRAINLIEST
Answer:
Debit note
Explanation:
Y is returning means the actual owner is XHence X is crediting Y si giving means Y is debiting.So Y needs debit note .Option B
Answer:
B. debit note
Explanation:
On returning the goods, Y provides X with the debit note along with the goods. This is because the money paid by Y should be debited by X.
I a carry trade you borrow in low interest rate currencies and invest in high interest rate currencies. Returns are exclusively due to appreciation of the high interest rate currencies. True or false
If you engage in a carry trade and borrow and invest based on the interest rates of currencies, returns are based on the difference in rates so this is FALSE.
What does a Carry trade involve?A carry trade involves borrowing in a currency where the interest rates are low and then investing in a place where the rate is high.
The returns/ profits come from the difference in interest rates because you would be borrowing at a low rate and gaining returns at a high rate.
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2. Explain the four characteristics of the price system.
3. Why is the price system an efficient way to allocate resources?
4. How do prices serve as signals and incentives to producers to enter a
particular market? to leave a certain market?
5. How does the story of Dell Inc. demonstrate the effects of
competitive pricing? in book of economics 174-178 pg.
High-school
Answer:
1-The four characteristics of the price system are that it is neutral, market driven, flexible, and efficient. It is neutral because prices do not favor the producer or the consumer because the they both make choices that determine the equilibrium price.
2-Why is the price system an efficient allocator of economic resources? Prices are neutral, which means they are equally fair to both consumers and producers. They are flexible which means they can adapt to changing economic conditions. Prices are familiar which means that everyone understands how they work.
3-how do prices serve as signals and incentives to producers to leave a particular market? it showed that when a strong competitor offers similar products for lower prices other producers must also lower their prices. Less efficient companies were driven from the market.
4-demonstrates the effects of competitive pricing because it shows how the company strategically lured customers away from rival producers while still making the highest profit.
Explanation:
:)
What does this part of the safety manual indicate about the use of ladders?
Ladders can be used only on a limited basis.
Workers must take care to handle ladders correctly.
Workers must wear the proper gear when using ladders.
Ladders can be used only on certain levels of the warehouse.
Answer:
B
Explanation:
I PUT IT ON BABY
When using ladders, employees must be properly outfitted. As a result, choice (C) is the best way to respond.
What is head gear?Any article of clothing worn on the head is referred to as headgear, headwear, or headdress. Examples include hats, helmets, turbans, and many other styles. Headgear is worn for a variety of reasons, such as social customs, ornamentation, protection from the elements, or for religious or cultural reasons.
Helmets are made to prevent injuries to the head and occasionally the neck. They often provide protection from blows and are stiff. In combat, on construction sites, and in many contact sports, helmets are a common sight (most commonly being associated with American football).
They are required by law in the majority of the United States for anyone operating a variety of vehicles, including motorcycles, and occasionally extend to bicycles and skateboards.
Hence, option (C) is accurate.
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what is the definition of conformance
An hourly employee works 40 regular hours during a pay period. His base pay
is $12 per hour. He receives no other payments. What is his gross pay for the
period?
A. $440
B. $400
C. $520
D. $480
Answer:
D
Explanation:
buying a house is most likely a long-term goal for a person of which of these ages?
Answer:
A - "15 y/o"
or
B - "19 y/o"
(There are two types of this question for just choose which one is on it)
The AICPA's Statements on Standards for Tax Services (SSTS) allows the tax accountant to lie or be a party to a lie on a tax return
True or False
True
False
Answer:
i think the answer is false
Explanation:They can not lie about a accountant
I am not 100% that this is the answer
Discuss the role of industrial relations in an industrial society
1. One advantage to mass production is?
PLEASE ANSWER FAST
Only certain employers are required to create a safe workplace, give safe tools and equipment to workers, maintain those tools, warn employees of any potential dangers, and create safety training and procedures.
A. True
B. False
differentiate between bad debt and doubtful debt
answer and explanation :
A bad debt is a specifically-identified account receivable that will not be paid and so should be written off at once, while a doubtful debt is one that may become a bad debt in the future and which it may be necessary to create an allowance for doubtful accounts.
In title theory states what clause is unique to the mortgage?
Answer:
Since a defeasance clause conveys title upon satisfaction of the loan, these types of clauses are typically only used in title theory states where the bank holds ownership of the home until the mortgage is paid off.
Sally is explaining what a career ladder is to her friend. . How could she BEST explain a career ladder?
A.
It emphasizes that it’s a long, hard climb to succeed in any career.
B.
It compares positions to the rungs of a ladder that can be climbed to reach a goal.
C.
It means that the right tool makes it easier to advance in an academic or career plan.
D.
It reminds people not to settle for jobs that don’t match their interests or goals.
A career ladder can be best explained as a process where the position top the rungs of a ladder that can be climbed to reach someone's career goals.
What is a career ladder?A career ladder can be explained as a progress or promotions that a person makes while gaining skills and experiences in their workplace, which leads to their promotion in the organization.
Hence, option B is the best explanation of a career ladder.
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