Based on the amount the taxpayer was allocated in 2022, the amount of self-employment tax that the taxpayer would owe is $25,245
How to find the self-employment tax?The self-employment tax that a person owes is often based on three things which are their self-employment income, the social security taxes to be paid, and the Medicare taxes. This means that the self - employment taxes charged to people are often for the benefit of the less fortunate in the United States.
In the year 2022, the Social security tax for those who are self - employed is 12.4%.
The Medicare tax for those who are self - employed comes to 2.9%.
The total self - employment tax is therefore:
= 12.4% + 2.9%
= 15.3%
The amount of self-employment tax that the taxpayer would owe in 2022 is:
= 15.3 % x 165,000
= $25,245
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the integration of the marketing mix with efforts to influence consumer demand is known as . multiple choice question. internal marketing capacity management interaction management customer experience management
The integration of the marketing mix with efforts to influence consumer demand is known as: B. capacity management.
What is a marketing mix?A marketing mix simply refers to the choices about product attributes, communication strategy or promotion, place or distribution strategy, and pricing strategy that a business organization (company or firm) offer to its targeted markets.
The four (4) Ps of marketing mix.This ultimately implies that, a marketing mix is primarily made up of four (4) Ps and these include the following;
Products (P).Price (P).Place (P).Promotions (P).In Economics, capacity management simply refers to a terminology which is typically used to describe an integration of the marketing mix with efforts by a business organization (company or firm) in order to influence consumer demand of its products.
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a minority prospect walked into best properties real estate and requested to see a specific house in a minority neighborhood. the broker can lawfully assume the prospect is
A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document.
A sales and buy agreement contains what?A buy and sell agreement is used to formalize the intentions of the parties and the conditions that will control the transaction. You can specify details such as the item or property, the cost of the item or property, the terms for the item's delivery, and the date of the item's delivery.The Purchase and Sale Agreement will be drafted by the seller's representative or lawyer (P&S). This is the official contract to buy the house, which is the more legally binding document. It is a typical document of the "cookie cutter" variety.A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document.To Learn more about Sale and Purchase Agreement refer to :
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the price of a bottle of pepsi is $4.00, the price of a hotdog $8.00, and the price of an order of nachos is $12.00. what is the relative price of a nachos in terms of bottles of pepsi?
The relative price of nachos in terms of bottles of Pepsi is calculated to be 3 if the price of a bottle of Pepsi is $4.00 and the price of an order of nachos is $12.00.
The relative price of a product can be described as the quantity of some other product that can be exchanged for a specified quantity of the given product.
Relative price is expressed as the ratio between the prices of two goods or services.
As the price of an order of nachos is $12 and the price of a bottle of Pepsi is $4; therefore the relative price of nachos in terms of bottles of Pepsi can be calculated as follows;
relative price = 12 / 4
relative price = 3
Therefore, the relative price of nachos will be 3 in terms of bottles of Pepsi.
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whenever the president of the local public university promotes the institution, he emphasizes the university's price (much lower than neighboring private colleges) and high quality. he is positioning the institution based primarily on
The President of the local public university is positioning the institution based primarily on the value proposition.
What is value proposition ?A value proposition is a short sentence that expresses the advantage of your product or service that you guarantee to provide for your clients. In the end, it's what draws your ideal buyer to your goods. A value proposition explains what your company does better than the competition and the benefits of working with you or purchasing your goods.
A strong value proposition satisfies three requirements:
It is particular: What particular advantages would your target customer get?It is customer-focused: How will your product alleviate their suffering or enhance their quality of life?How is it exclusive and desired at the same time? How well does it draw attention to your competitive advantage and distinguish you from rivals?To know more about, value proposition, visit :
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g in the solow growth model, increases in capital output and the amount of output used to replace depreciating capital. a) increase; increase b) decrease; increase c) decrease; decrease d) increase; decrease
In the Solow growth model, if investment is less than depreciation, the capital stock will decrease and output will decrease until the steady state is attained.
If investment is less than depreciation, the capital stock will contract and output will fall. A greater rate of consumption per worker is referred to as the "golden rule" of capital stock.
The Solow Growth Model's repercussions Long-term growth is nonexistent. The Solow Growth Model predicts conditional convergence if countries have the same g (population growth rate), s (savings rate), and d (capital depreciation rate), then they have the same steady state and will converge.
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Complete Question:
In the Solow growth model, if investment is less than depreciation, the capital stock will ______ and output will ______ until the steady state is attained. decrease; increase decrease; decrease increase; increase increase; decrease
natalya reports profits when cash is received and records expenses when they are paid. she is using a. cash-basis accounting. b. accrual-basis accounting. c. liquid assets. d. a statement of cash flows.
Natalya reports profits when cash is received and records expenses when they are paid. She is using a cash basis accounting
A common accounting method known as cash basis identifies expenses and revenues at the time cash is received or paid out. In contrast, accrual accounting records expenses as they are incurred, regardless of when cash is collected or paid, and recognizes income at the time the liability is incurred.
Cash basis accounting is less accurate than accrual accounting in the short term because transactions that are recorded on a cash basis have an impact on a company's books as soon as consideration is exchanged.
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which of the following accurately describes the relationship between social service programs and the business cycle? social service programs act completely independently of the business cycle. social service programs can help with recessions but do not slow inflation. social service programs can help with inflation but do not alleviate recessions. social service programs tend to intensify recessions and inflationary periods. social service programs help alleviate cyclical unemployment and inflation.
Answer:
E) Social service programs help alleviate cyclical unemployment and inflation.
Answer: social service programs help alleviate cyclical unemployment and inflation.
Explanation: During a business cycle, the economy goes through periods of expansion and contraction. These fluctuations can lead to changes in unemployment rates and inflation levels. Social service programs, or public assistance, such as unemployment benefits, universal healthcare, and welfare programs, are designed to provide support and assistance to those in need who may qualify for these services, especially in times of economic hardships.
During recessions, social service programs can help alleviate cyclical unemployment by providing financial assistance to those who have lost their jobs. This helps individuals meet their basic needs and reduces the negative impact of unemployment on the economy. Additionally, social service programs can help with inflation by providing support to low-income individuals, which can stimulate consumer spending and mitigate the effects of rising prices, especially on basic essentials like food and clothing.
A focus group was formed to provide opinions for a target market.what type of data is being collected from the focus group ?
The type of data that is being collected from the focus group is a: primary data.
The types of data.Generally speaking, there are two (2) main types of data and these include:
Primary dataSecondary dataWhat is a primary data?A primary data simply refers to a type of data or information which typically comprises only raw information that are first-hand and original in nature. This ultimately implies that, a primary data describes a personal experience, opinion, or witness of an event (occurrence).
In conclusion, some example of primary data sources include the following;
SurveysObservationsExperimentsQuestionnairesInterviewsFocus groupsRead more on primary data here: brainly.com/question/26711803
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nancy works for northrop grumman corporation. she is assigned to a group of employees who work on solving quality issues the company is facing. nancy participates in a(n)
Based on the fact that Nancy is assigned to a group of employees who have to solve the quality issues being faced by the company, Nancy is participating in a Quality circle.
What is a Quality circle?A Quality circle in a company refers to a department that is formed to solve any issues that the company has with the quality of the goods or service that it is providing to its customers. The people in this department are often drawn from different department so as to create a diverse pool that can come up with different solutions to whatever quality issues the company is facing.
Some of the solutions that a Quality circle might come up with include sourcing better materials or giving employees better training. Nancy is in a team that is in charge of solving any quality problems the Northrop Grumman Corporation has so she must be in a Quality circle.
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during the year, wright company sells 520 remote-control airplanes for $120 each. the company has the following inventory purchase transactions for the year. date transactionnumber of unitsunit costtotal cost jan. 1 beginning inventory40 $62 $2,480 may 5 purchase300 65 19,500 nov. 3 purchase250 70 17,500 590 $39,480 calculate ending inventory and cost of goods sold for the year, assuming the company uses fifo.
A business has choices when it comes to how to value its inventory. With a periodic inventory system, where the cost of goods sold and ending inventory are determined at the end of the period, the weighted-average approach is applied. Using this method, an average cost per unit is calculated and allocated to both sold and unsold inventories.
Average Weighted Cost per Unit
This is how the weighted-average cost per unit is determined:
Total cost of inventory / Total units in inventory equals weighted-average cost per unit.
Weighted-average cost per unit equals $38,610 divided by 530 units for a unit price of $72.8491.
Cost per unit on a weighted average is $72.8491.
Average Weighted Cost of Goods Sold
The following formula is used to determine weighted-average cost of goods sold:
Cost of products sold = Weighted-average cost per unit * Number of units sold
Cost of goods sold equals $72.8491 per unit times 500 sales, which comes to $36,424.55.
The weighted-average technique results in a cost of goods sold of $36,424.55.
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Yuan wants to analyze his idea for an entrepreneurial venture using a structured approach that looks at various aspects of the proposed venture and how viable they are. This is known as ________.
Yuan wishes to assess his concept for a business Entrepreneurship in an organized manner that considers the viability of its numerous components. A feasibility study is what this is.
Entrepreneurship is the process of producing or removing economic value. With this definition, entrepreneurship is considered as change, typically involving risk above and above what is typical when beginning a business, and maybe involving values other than just economic ones. An entrepreneur is a person who starts and/or invests in one or more enterprises, taking on the most of the risks and reaping the majority of the benefits.
The term "entrepreneurship" refers to the act of starting a business. The entrepreneur is frequently viewed as an innovator, a source of novel concepts, products, services, and/or business models. The process of creating, establishing, and operating a new business has been the focus of more specific definitions of entrepreneurship.
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The goal of the accounts receivable methods is to adjust the allowance for doubtful accounts balance so that?.
The adjusted balance is equal to the estimate of uncollectible accounts receivable. An allowance for doubtful accounts is a contra-asset account that nets against the total receivables presented on the balance sheet to reflect only the amounts expected to be paid.
There are three exclusive kinds of allowances. Those three varieties of allowances encompass: non-taxable, in part taxable, and taxable. Reimbursement: fee made by using the agency to the employee to cowl expenses is referred to as repayment.
Even as all will pay are taxable, maximum allowances are tax-exempt. The number one allowances for maximum individuals are BAS and BAH, which can be tax-exempt. Conus COLA is one allowance this is taxable. A law change mandated that each allowance created after 1986 could be taxable.
An allowance is an amount of cash given or allotted typically at everyday intervals for a particular purpose. Within the context of children, mother and father might also offer an allowance (British English: pocket money) to their toddler for his or her miscellaneous non-public spending.
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symbols in organizational culture represent . multiple choice question. objects or actions that convey an organization's most important values to others narratives based on true events which are repeated to emphasize particular values activities that celebrate important occasions and accomplishments in the organization's life
Symbols in organizational culture represent objects or actions that convey an organization's most important values to others.
Symbols are possibly the most crucial issue of a lifestyle. Symbols are gadgets, not always bodily, that hold meaning for the contributors of the corporation.
The means of the symbol expresses in some methods the values the corporation holds critical.
They offer identification, generally shared values, and provide visibility to tradition.
They're the signs and symptoms of your brand. It's one issue to keep in mind that symbols (plus myths and rituals) express a logo.
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jason needed help with his construction job and called on his cousin jeff to assist. jason told jeff that window trim needed to be cut and installed and detailed how to turn on the saw, how to make adjustments to it, how to use it to make the cuts, and how to turn it off. which method of informing is jason using?
Method of informing is jason using the verbal method of informing.
What is Method ?
The scientific method is an empirical way of collecting knowledge that has characterised scientific advancement since at since the seventeenth century It entails thorough observation and applying severe scepticism to what is seen, given that cognitive preconceptions can alter how the observation is interpreted. It entails developing hypotheses based on such observations through induction; testing hypotheses by experimental and measuring system statistical testing of inferences made from the hypotheses; and refining (or eliminating) hypotheses based on experimental findings. These are scientific method principles, as opposed to a set of processes that must be followed by all scientific endeavours.
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in the presence of a 10% noncontrolling interest, how much inter-entity gross profit remaining in ending inventory should be eliminated in consolidation?
Inter-entity gross profit remaining in ending inventory should be eliminated in consolidation is 100%.
What is consolidation?The term consolidation comes from the Latin consolidatus, which means "joined he into one body". Whatever the context, consolidation means combining a larger set of items into one smaller number.For example, a traveler can pack all his luggage into one big bag.gross consolidation means combining various debts, such as credit card bills and other loan payments, into one loan or monthly payment. If you have multiple credit card accounts or loans, consolidation is a way to simplify or reduce your paymentsNature or State of Fusion Specific : Fusion of two or more bodies by dissolving existing bodies and forming a single new body.Debt consolidation means combining various debts, such as credit card bills and other loan payments, into one loan or monthly payment.If you have multiple credit card accounts or loans, gross is a way to simplify or reduce your payments.To learn more about consolidation from the given link :
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which factors predicts how local firms in emerging economics will respond to multinational competitors? competitive assets and industry pressures to globalize formal and informal institutions market dominance and market fragmentation cooperation and signaling
Globalization pressure is the factor which predicts how the local firms in emerging economics will respond to multinational competitors.
The term "globalization" is used to describe how trade and technology have increased connectivity and interdependence around the world. The resulting economic and societal developments are also included in the scope of globalization.
Globalization gives businesses in industrialised countries a competitive advantage. Globalization also benefits developing nations since they often have a lower cost of living, which attracts employment.
There are many causes of globalization, but some of the most significant ones are expanded commerce, increasing labour and capital mobility, and enhanced technology.
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a winery wants to know more about sales channels, product outlets, and even whether these channels are motivated. what type of research would the winery use to answer these questions? distribution research pricing research product research promotion research
Since Winery wants to know about sales channels, product outlets, and even whether these channels are motivated, he should do distribution research. Correct option is (a).
In order to help management, make more informed decisions, distribution research refers to the data collection and analysis on a product or brand's sales and availability through various sales outlets. A brand's or company's in-depth distribution research reveals details about its distribution network, market shares and share, total sales, how well the competitor is doing business, and the seasonality of demand.
A crucial tool for comprehending and analyzing the market situation and assisting in the elimination of any major weaknesses that may be existing is marketing and distribution research. Research on distribution can shed light on the following:
improved knowledge leads to better channel management for salesappropriate distribution segmentation across marketing channelsMiddlemen' functions in the selling processA sales channel's centers of influence must be recognizedShare of the market of the company in a particular sales channelLearn more about distribution research here:
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During what stage of the new-product development process does a marketer develop a prototype for alpha or beta testing?.
During marketing testing stage of the new-product development process does a marketer develop a prototype for alpha or beta testing.
Definition of market testingMarket testing describes research that can help maketers understand how well a particular product is performing, given a specific market location or audience.
While similar to product testing, market testing focuses on how a product can perform in a market environment rather than on the structure or effectiveness of the product itself. Companies can hire market testing professionals to help launch new products or to analyze and adjust marketing strategies for existing products.
Strategy type of market testingThere are various market testing strategies that researchers can use to learn about a product. Some specific types of market testing include:
1. Focus groups
To create a focus group, marketers gather a small group of people to discuss certain aspects of a product, service, or marketing to gain insight and make improvements based on their feedback.
Researchers can create focus groups at random or by selecting certain types of individuals to represent customers.
2. A/B testing
Also known as split testing, A/B testing involves comparing two versions of the same product or advertising strategy to learn which is more effective for the target audience.
3. Small-scale product launch
Also known as a regional rollout, this type of market testing involves launching a product into a selected test market in a specific city or region to see how they react.
Researchers can then use the feedback they receive to improve a product or marketing plan before attempting a wider launch.
4. Eye track testing
Eye track testing can help researchers understand where a person is looking when viewing a website page or advertisement. This can help them learn which visual ad elements are getting the most attention so they can use them more often.
5. Incrementality testing
To perform incrementality testing, the advertiser creates a group of test subjects and a group of control subjects. They then showed the test subjects' ads and compared the conversion rates for the test group with the control group to learn about the effectiveness of the advertising campaigns.
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Which text style makes the text look slanted?
A.
Bold
B.
Capitalization
C.
Footer
D.
Italic
Answer:
italic
Explanation:
because you can just tell it does lol
Answer:
Explanation:
Comment
Italic is the name given to fonts that are on about a 15 degree slant with the vertical. It looks like this when it is printed out.
bart has the following income and expenses for his schedule c: total revenue $ 102,480 wages (46,000 ) payroll taxes (3,519 ) payroll tax penalties (300 ) license fee (200 ) supplies (5,300 ) cell phone (588 ) meals (3,000 ) internet service (780 ) what is bart's self-employment income
The income of Bart is $44,593 as per the given schedule
Wages are certainly deductible, as are payroll taxes. Licensing Fees are deductible as are supplies and utilities related to the business. The utilities would be the cell phone bill and internet service. Meals are deductible but only 50% of them. Therefore of the $3,000 meal total, only half of that, or $1,500 is deductible. To calculate the total self-employment income we will take the total revenue figure and deduct the dollar amounts of the allowable expenses listed above.
Revenue = $102480
Wages = ($46000)
Payroll taxes = ($3519)
License fees = ($200)
Supplies = ($5300)
Cell phone = ($588)
Meals = $3000*50% = ($1500)
Internet services = ($780)
Computing the income:
$102,480 - $46,000 - $3,519 - $200 - $5,300 - $588 - $1,500 - $780
= $44,593
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paltrowski company issued 1 million shares of no-par common stock with a stated value of $2. the issue price was $54 per share. which journal entry is prepared?
The journal entry that is prepared is debit Cash $50 million, credit Common Stock $2 million, and credit Paid in Capital in Excess of Stated Value Common $48 million.
What is the balance sheet?The balance sheet contains the stockholder's equity. It is said to be the sum of the company's remaining assets after all obligations have been paid. Common share and retained earnings balances are included in shareholder equity.
Debit Cash = $54 million,
Credit Common Stock = $2 million,
Credit Paid-in Capital in Excess of Stated Value (Common) = $52 million.
So, the journal entry will be
Debit Cash $50 million, credit Common Stock $2 million, and credit Paid in Capital Exceeding Par Common $48 million.
The issue price divided by the number of shares equals market value. Market value is equal to $50 divided by one million, which equals $50 million.
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The complete question is:
"Paltrowski Company issued 1 million shares of no par common stock with a stated value of $2 per share. The issue price was $50 per share.
Which journal entry is prepared?
A. debit Cash $50 million, credit Common Stock $2 million and credit Paid in Capital in Excess of Par Common $48 million
B. debit Cash $50 million, credit Common Stock $2 million and credit Paid in Capital in Excess of Stated Value Common $48 million
C. debit Cash $50 million and credit Common Stock $50 million
D. debit Cash $50 million and credit Retained Earnings $50 million"
The push model is also called ________ which means the production process begins with a ________ that is simply an educated guess as to anticipated customer demand.
The push model is also called make to stock which means the production process begins with a forecast that is simply an educated guess as to anticipated customer demand.
What exactly is customer demand?
Consumer demand is defined as the willingness and ability of consumers to purchase a variety of goods and services in a fixed length of time or at a specific point in time. Effective demand is not simply a desire to buy something; it must be preceded by ability to pay. To put it simply, purchasing power is required to turn desire into effective demand. Purchasing power is determined by specific customer revenue (or disposable savings) in relation to the current price level. Consumer sovereign power is the fundamental principle of free market theory, with private consumption acting as the dominant market force. If there were no demand, there would be no sales, revenue, or profit.
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g define the process of accommodation in the mechanism of focusing by the eye. what factors lead to age-related changes in accommodation and what is the visual result of these changes?
The accommodative ability changes greatly because of age-related changes in the eye, including a decrease in the elasticity of the lens and the degeneration of the Zonular fibers and the ciliary muscles surrounding the lens.
The process of accommodation, or focusing on near objects, happened by a concerted action of the ciliary muscle on the zonule fibers which hold the lens in place. The ciliary muscle can be described as a ring of smooth muscle that, upon contraction, relaxes the tension on the zonular fibers and allows the lens to become more spherical.
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g identify which offering process is typically used for municipal debt securities? group of answer choices a. brokered b. competitive c. direct listing d. negotiated
The negotiated municipal bonds typically used for municipal debt securities. In place of competitive bidding, a negotiated sale occurs when the issuer and a small number of bidders negotiate the conditions of a transaction.
What is negotiated bonds ?A negotiated sale is a method of offering municipal bonds or other similar financial instruments in the fixed-income market where the issuing entity and a chosen underwriter negotiate the terms of the issue rather than having multiple underwriting groups competitively bid on the issue to determine its terms.
The interest rate, call features, and issue purchase price are some of the key issues that an issuer needs to discuss in a negotiated sale. This method of selling a new issuance of securities is often referred to as a negotiated underwriting.
In a negotiated sale, the financing for the issuance will be handled by the underwriter, who will be chosen by the issuing organisation prior to the sale date. As the underwriter collaborates with the business to market the offering, lower quality concerns typically gain the most from this type of underwriting strategy.
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1. the u.s. treasury offers some of its debt as treasury inflation indexed securities, or tiis (more commonly known as tips, an acronym for treasury inflation protected securities), in which the price of bonds is adjusted for inflation over the life of the debt instrument. tips bonds are traded on a much smaller scale than nominal u.s. treasury bonds of equivalent maturity. what can you conclude about the liquidity premiums of tips versus nominal u.s. bonds?
We can you conclude that the liquidity premium for a TIPS bonds is usually smaller than inflation compensations in nominal U.S. bond yields of equal maturity.
Treasury Inflation-protected Securities (TIPS) are bonds that offset the consequences of inflation by using adjusting the cost of the primary.
Tips are installation to protect you towards inflation. unlike other Treasury securities, in which the major is fixed, the important of a recommendations can move up or down over its time period. whilst the guidelines matures, if the foremost is better than the original quantity, you get the multiplied amount.
If inflation were to provide way to deflation, important and interest fee payments on pointers could alter downward. hints are also challenge to hobby price threat, much like different bonds. meaning while interest fees rise, the marketplace price of bonds is possibly to fall.
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Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. what's the best way for kendra to end her email to her manager?
The best way for kendra to end her email to her manager is: A. Please review the memo and let me know if you have any changes by 3 p.m. today.
Who is a manager?A manager can be defined as someone whose duty is to plan, supervise, control and coordinate the day to day activities of a business operation so as to ensure smooth running based on the fact that effectively managing a business operation can enables the company to achieve their set goals.
Memo can be defined as the way of sending out an official message in which the message or email is address to a person that is either within an organization or a person outside an organization.
Based on the given scenario since she has to submit the memo to the client before the end of the day the best thing is to tell her manager to review the memo as the manager may have something to add or remove from what is in the memo.
Therefore the correct option is A.
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The complete question is :
Kenda needs her manager to review the memo she wrote so that she can send it out to her clients before the end of the day. What's the BEST way for Kendra to end her email to her manager?
Please review the memo and let me know if you have any changes by 3 p.m. today.
Here's the memo I want to send clients today.
Please review the memo for any spelling or grammatical errors.
the decision-making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result is termed a .
The decision-making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result is termed as decision tree.
What is decision tree and the decision involving graphically displaying alternatives is termed as what?Decision tree is a significant tool used for classification and categorization for various kind of tasks and include regression tasks also.A decision tree for if or else conditions would be better for the understanding values and further processing.Decision tree is significant and plays a pivotal role for the data analysis and algorithms are also used in decision tree and ID3 is one of the algorithm used in decision tree.Here the decision tree is depicted as the technique involving graphically displaying alternatives considering in a decision and the outcomes expected as a result .The decision tree is named so because the data, decisions in decision tree is represented like a tree model or like the structure of tree.Hence decision tree is the decision making technique that involves graphically displaying alternatives considered in a decision and the outcomes expected as a result .To know more about decision visit:
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if two restaurant managers disagreed about which restaurant should get additional funds to pay for extra staff on the restaurant floor, what would be the source of their conflict? resource constraints organizational structure differing values differing task goals
Differing process goals would be the root of their disagreement if the owner and one of the restaurant managers got into a fight over whether it was more crucial to concentrate on filling chef positions or ensure that the wait staff in the restaurant performed well.
In general, the term "conflict" refers to any major debate and disagreement about a significant issue; hence, when two persons or groups are engaged in conflict, restaurant they are engaged in a severe argument or lack of agreement over specific issues managers.
A process objective in a business is a goal that specifies the procedures to be followed in order to promote quality results. They frequently concentrate on accomplishing something rather than achieving a goal, such as preventing outside interference, which is typically seen as entirely the employee's responsibility in order to meet.
As a result, interpersonal conflicts can arise when different process goals are set, especially restaurant when those goals have more to do with communication techniques used to resolve conflicts and guide decision-making managers.
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allegheny company ended year 1 with balances in accounts receivable and allowance for doubtful accounts of $48,000 and $1,950, respectively. during year 2, allegheny wrote off $3,300 of uncollectible accounts. using the percent of receivables method, allegheny estimates that the ending allowance for doubtful accounts balance should be $3,400. what amount will allegheny report as uncollectible accounts expense on its year 2 income statement?
The uncollectible accounts expense on its year 2 income statement is $4,750.
= Ending balance + write off balance - opening balance
= $3,400 + $3,300 - $1,950
= $4,750
When a customer misses a payment, a charge for uncollectible accounts is recorded in the books. When it is known for certain that a customer won't pay, this expense may be recognized. In order to match an expense to a corresponding sale within the same reporting period, even while the specifics of the default are unknown, a more conservative way is to charge an anticipated amount to expense when a sale is made. Bad debt expense is another name for uncollectible accounts expense.
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carey opens a law office in chicago on january 1, 2021. on january 1, 2021, carey purchases an annual subscription to a law journal for $170 and a 1-year legal reference service for $1,500. carey also subscribes to chicago magazine for $54 so she can find great places to take client's to dinner and review the best 50 lawyers in chicago list published each year. calculate carey's deduction for the above items for the 2021 tax year. $fill in the blank 1
If carey also subscribes to chicago magazine for $54 so she can find great places to take client's to dinner and review the best 50 lawyers in chicago list published each year. carey's deduction on for the above items for the 2021 tax year is : $1724
Determining carey's deductionUsing this formula
Deduction = Annual subscription + Legal reference service + Chicago magazine
Where:
Annual subscription = $170
Legal reference service = $1500
Chicago magazine = $54
Let plug in the formula
Deduction = $170 + $1500 + $54
Deduction = $1724
Therefore the deduction is the amount of $1724.
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