Greenspan Supply does not segregate sales and sales taxes at the time of sale. The register total for March 16 is $11,880. All sales are subject to a 8% sales tax. Compute sales taxes payable. Sales taxes payable

Answer:

obstacles - provide a challenge

The source of financing for a new car would probably have the best terms is a collateral loan from a bank. Thus, option first is correct.

Collateral is an asset or kind of tangible wealth owned by the borrower, such as a home, cattle, or automobile. Banks make loans to borrowers on the basis of these assets. The collateral acts as a kind of security for the lender.

Banks are one of the most common forms of automobile finance, with around 40% of all car purchasers obtaining a loan from them. Because each bank analyzes risk differently, interest rates might vary significantly.

A bank collateral loan would most likely offer the finest conditions for financing a new automobile. As a result, option one is correct.

Learn more about loan here:

https://brainly.com/question/11794123

#SPJ1

Answer:

A

Explanation:

Answer:

A

Explanation:

I got it right on edg 2021

Answer:

An incentive is something that motivates or encourages a person to take a specific action. Incentives can be positive, such as a reward or a benefit, or negative, such as a punishment or a cost. Incentives can be used to influence behavior and decision-making, and they are often used in economic and business contexts to motivate employees, consumers, or other stakeholders. Incentives can take many forms, including financial rewards, recognition, privileges, or other benefits.

Type of audit report for each company and its reason for issuance: Auditors are responsible for evaluating a company's financial statements to ensure that they are accurate, truthful, and adhere to accounting standards. They give an audit report based on their audit, which can be classified into different types.

The Pills Ltd and Portions Ltd audit reports are analyzed below: Pills Ltd audit report: The Pills Ltd auditor has given an unqualified audit report. The audit report was issued because the auditor was able to obtain enough convincing evidence about the financial statements' accuracy and reliability.

The company's financial statements represent the organization's financial condition as of 31 December 2022, as well as its cash flow and operations for the year ended. The audit report issued by the auditor is a positive signal to the company that its financial statements are accurate and complete, which will increase the company's reputation and market value.

Portions Ltd audit report: The Portions Ltd auditor has given a qualified audit report. The auditor issued a qualified report because of the company's overvaluation of its fixed assets. Even though the company's financial statements are accurate and represent the company's financial position, the auditor still issued a qualified report.

This is because the auditor discovered an issue with the financial statement's accuracy, and even if it is a minor one, the auditor must disclose it. A qualified report is a warning that something in the financial statements is inaccurate, which might influence the company's reputation and market value.

Overall, an unqualified audit report is a sign that a company's financial statements are correct, whereas a qualified audit report signifies that something in the financial statements is inaccurate or misleading. The audit report has a significant influence on a company's reputation and market value.

Additionally, it is advised to have an unqualified audit report to demonstrate that the financial statements are accurate. Disclaimer report effect on a company: A disclaimer of opinion is a kind of audit report in which the auditor cannot express an opinion due to insufficient or unclear financial statements information.

A disclaimer report is a signal that the auditor has been unable to obtain enough evidence to support their opinion. As a result, a disclaimer of opinion may cause investors and other stakeholders to lose faith in the company's financial statements, reducing the company's credibility.

Additionally, it may reduce a company's reputation and market value because investors may assume that something is wrong with the company's financial statements. Therefore, it is strongly suggested to avoid a disclaimer of opinion as much as possible to avoid negative impacts on the company's reputation and market value.

For more questions on: financial statements

https://brainly.com/question/14615122

#SPJ8  

Answer:

$15,950

$15,950

Explanation:

Here is the full question :

On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years and after four years it can sell the equipment for $2,000. Matthews Band uses straight-line depreciation but realizes at the start of the second year that this equipment will last only a total of three years. The salvage value is not changed. Compute the revised depreciation for both the second and third years.

The step to answering this question :

1. calculate the depreciation expense using the initial useful life

2. calculate the book value for year 2

3. calculate the depreciation expense for year 2 and 3 using the revised useful life and year 2 book value

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

1. ($65,800  - $2000) / 4 = $15,950

Book value = $65,800 - $15,950 = $49,850

($49,850 - $2000) / 3 = $15,950

The depreciation expense in year 2 and 3 would be $15,950

Option A is the correct answer. Indirect taxation is the situation where taxes are imposed on products or services and not directly on individuals. Therefore, the example of indirect taxation in the situation given is when stores charge sales tax on each purchase and give that money to the government.

Stores charge sales tax on each purchase and give that money to the government is an example of indirect taxation.Indirect taxation is a method of taxation in which individuals are not taxed directly, but instead, the tax is paid through an intermediary.

The tax is generally imposed on products or services. This tax, which is passed on to the customer as part of the price of the good or service, is then collected by the seller and forwarded to the government.

Sales tax, excise tax, and customs duty are all examples of indirect taxes.

Therefore, Option A is the correct answer.

For more question on taxes

https://brainly.com/question/28798067

#SPJ8

Answer:

The monthly mortgage payments go up or down from year to year.​

Explanation:

In the adjustable-rate mortgage, monthly mortgage payments go up or down from year to year.​

A mortgage is often known as a mortgage loan. It is a contract between the borrower and a mortgage lender that permits the borrower to buy or refinance a home without having to pay the entire amount upfront.

Monthly mortgage payments on an adjustable-rate mortgage fluctuate from year to year according to the payment of installments of the mortgage.

​

Therefore, option D is correct.

Learn more about the mortgage, refer to:

https://brainly.com/question/15074748

#SPJ2

Answer:

add a responsible business partner that add income to your sales and together you can achieve your success

Answer: companies

Explanation: because she has a beautiful work job

If the CEO of Beautify wanted to develop a new line of skincare products specifically for people with sensitive skin, she might appoint a product development team or a specialized research and development (R&D) team to oversee the process.

Appointing a product development team or an R&D team would be a suitable approach for developing skincare products tailored to individuals with sensitive skin. This team would typically consist of experts in the field, including cosmetic chemists, dermatologists, and skincare specialists. Their role would involve conducting research, analyzing market trends, formulating product ingredients, and testing the efficacy and safety of the skincare line.

By assembling a dedicated team, the CEO can ensure that the specific needs and concerns of people with sensitive skin are addressed throughout the product development lifecycle. This team would focus on creating formulations that are gentle, hypoallergenic, and free from potentially irritating ingredients. They would also conduct thorough testing to validate the effectiveness and compatibility of the products with sensitive skin.

To know more about product development

https://brainly.com/question/13755110

#SPJ2

Answer:

1 of, relating to, or typical of the whole of mankind or of nature. 2 common to, involving, or proceeding from all in a particular group. 3 applicable to or affecting many individuals, conditions, or cases; general. 4 existing or prevailing everywhere.

Simple interest is only paid on the principal, or initial deposit. Hence Option (B) is correct.

Simple Interest refers to the interest on a principal amount over a certain period of time. Its formula is as under:

Simple Interest = Principal × Interest Rate × Time

The total amount accumulated or repaid at the end of the period is calculated by adding the simple interest to the principal:

Total Amount = Principal + Simple Interest

On the other hand, compound interest refers to calculating interest on a principal amount that takes into account the accumulated interest from previous periods. Its formula is as under:

A = P(1 + r/n)^(nt)

Thus, simple interest is on the original principal, while compound interest considers the accumulated interest from previous periods.

Learn more about Interest here:

https://brainly.com/question/30393144

#SPJ1

The option that best explains the preparation of a statement of owner's equity for a service business and the statement of owner's equity for a merchandising business is option A. Only a service business includes net income and beginning capital.

This is a statement of owner's equity is a one-page report showing the difference between total assets and total liabilities, resulting in the overall value of owner's equity over a period of time.

With this in mind, it can be seen that the correct answer to the given question is option A as explained above.

Read more about equity here:

https://brainly.com/question/30397975

#SPJ1

Answer: Reminders alert you to upcoming calendar items such as appointments and meetings. By default, reminders occur 15 minutes before the start of these calendar items.

Explanation:

Explanation:

what's the question I'm waiting to hear it

Answer:

A. 2017 $61,400

2018 $49,400

B. $1,650,800

Explanation:

A. Calculation to Determine the equity income to be recognized by Killearn during each of these years.

2017 EQUITY INCOME

Equity Income =(25%*$634,400)-($ 1 per share April 1 Cash dividend+$ 1 per share October 1 Cash dividend*$110,000)

Equity Income =$158,600-($2per share*110,000)

Equity Income =$158,600-$220,000

Equity Income =$61,400

2018 EQUITY INCOME

Equity Income =(25%*$682,400)-($ 1 per share April 1 cash dividend+$ 1 per share October 1 cash dividend*$110,000)

Equity Income =$170,600-($2per share*110,000)

Equity Income =$170,600-$220,000

Equity Income =$49,400

Therefore the equity income to be recognized by Killearn during 2017 is $61,400 and 2018 is $49,400 .

b. Computation for Killearn's investment in Shaun Company's balance as of December 31, 2018

Original Investment at Cost $1,540,000

( 110,000*14per share)

Add 2017 Profit shared (Net of Dividend) $61,400

Add 2018 Profit shares (Net of Dividend) $ 49,400

2018 Investment Value $1,650,800

($1,540,000+$61,400+$ 49,400)

Therefore Killearn's investment in Shaun Company's balance as of December 31, 2018 will be $1,650,800

Answer:

The amount of the $1 tax that is paid by sellers is $0.40.

Explanation:

The amount of tax paid by the sellers can be calculated using the following 2 steps:

Step 1: Calculation of the tax burden of the seller

This can be calculated using the following formula:

Tax burden of the seller = Elasticity of demand / (Elasticity of demand + Elasticity of supply) ............... (1)

Where;

Tax burden of the seller = ?

Elasticity of demand = 2

Elasticity of supply = 3

Substituting the values into equation (1), we have:

Tax burden of the seller = 2 / (2 + 3) = 2 / 5 = 0.40, or 40%

Step 2: Calculation of the amount of the $1 tax that is paid by sellers

This can be calculated using the following formula:

Tax paid by the sellers = Tax amount * Tax burden of the seller .................. (2)

Where;

Tax amount = $1

Tax burden of the seller = 40%

Substituting the values into equation (2), we have:

Tax paid by the sellers = $1 * 40% = $0.40

Therefore, the amount of the $1 tax that is paid by sellers is $0.40.

Additional note:

The answer above clearly demonstrates what obtains in economics that when supply is more elastic than demand, sellers will bear less of the tax burden, and when demand is more elastic than supply, sellers will bear more of the tax burden.

From the question, the fact that the elasticity of supply is 3 and the elasticity of demand is 2 (in absolute value) indicates that supply is more elastic than demand. This makes the sellers to bear only 40% of the tax burden while the buyers bear the remaining 60%.

Answer:

A.

Explanation:

it’s so people can understand what you are saying some people like adults might not understand everything you are sending if you don’t use online netiquette.

The income tax expense is $120k

The DTA year-end balance is $10k

The DTL year-end balance is $40k

The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.

1. To calculate the income tax expense, we need to first calculate the taxable income.

Taxable Income = $400k

Tax rate = 30%

Income tax expense = Taxable Income * Tax rate

Income tax expense = $400k * 30% = $120k

2. The DTA (Deferred Tax Asset) year-end balance can be calculated as follows:

Beginning Balance DTA = $10k

Future deductible amounts = $50k

Origination amount for the deductible amount = $50k * 30% = $15k

Reversing amount for the deductible amount = $15k

DTA year-end balance = Beginning Balance DTA + Origination amount - Reversing amount

DTA year-end balance = $10k + $15k - $15k = $10k

3. The DTL (Deferred Tax Liability) year-end balance can be calculated as follows:

Beginning Balance DTL = $40k

Future taxable amounts = $30k

Origination amount for the taxable amount = $30k * 30% = $9k

Reversing amount for the taxable amount = $9k

DTL year-end balance = Beginning Balance DTL + Origination amount - Reversing amount

DTL year-end balance = $40k + $9k - $9k = $40k

4. The originating/reversing amount for the future taxable amount and the future deductible amount of the current year have already been calculated in questions 2 and 3. The origination amount for the future taxable amount is $9k, and the reversing amount is also $9k. The origination amount for the future deductible amount is $15k, and the reversing amount is also $15k.

Learn more about income tax here: https://brainly.com/question/23687799

#SPJ1

Answer:

Earnings per year = $28,600 per year

So, Biweekly Pay = $28,600 *2/52 = $1,100

Summary

Gross Name = Tricia Grey

Martial Status = Single

No. Withholding = 1

Period Salary = $1,100

Regular Earnings = $1,100

Gross Earnings = $1,100

Answer:

Explanation:

Plato Users

Production methods are standardized with no opportunity for individual initiative is known as lack of autonomy.

A production process is a way to use economic resources, such as labor, expensive machinery, or land, to create goods and services for customers.

The manufacturing process typically addresses how to effectively and productively produce goods for sale so that clients can receive them fast without compromising the product's quality.

Depending on their manufacturing objectives, production volumes, and technology tools or software systems, organizations can use a wide range of production methods.

Making broad-based production decisions that have an impact on the productivity levels of product development and sales is a crucial component of the job of a manufacturing manager. Choosing the best production method frequently depends on the kind of technology you have access to.

For instance, without the right technology to track, categorize, or manufacture these products appropriately, you might not be able to adhere to a clear mass production structure if you receive a lot of orders for the same product.

Learn more about Production methods, here

https://brainly.com/question/14337394

#SPJ5

Answer:

In a typical workday he defines product, plan releases, recruit world class talent, coordinate activities with peer groups, ensure customer satisfaction, meet with customers in various parts of the world and in various disciplines.

Explanation:

I got a 100 on edge :)

Due to crop damage or transportation issues, Florida cold snaps may impair orange juice supplies.

When New England becomes hotter in July, fewer people want to fly to the Caribbean.

Due to transportation issues or manufacturing facility damage, Middle East wars may impair gasoline supplies.

Generally, When a cold snap hits Florida, the supply of orange juice may be disrupted due to damage to crops or transportation difficulties. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of orange juice. The demand for orange juice may also increase due to its perceived health benefits or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.

b. When the weather turns warm in New England every summer, the demand for hotel rooms in Caribbean resorts may decrease as fewer people are interested in traveling to a warm destination. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of hotel rooms. The supply of hotel rooms may also increase as more resorts offer discounts and promotions to attract travelers. This increase in supply would shift the supply curve to the right, further contributing to the decrease in the equilibrium price.

c. When a war breaks out in the Middle East, the supply of gasoline may be disrupted due to transportation difficulties or damage to production facilities. This decrease in supply would shift the supply curve to the left, leading to an increase in the equilibrium price of gasoline.

The demand for gasoline may also increase as a result of increased military activity or as a result of consumers stockpiling it in anticipation of further supply disruptions. This increase in demand would shift the demand curve to the right, further contributing to the increase in the equilibrium price.

The demand for used Cadillacs may decrease as consumers reduce their spending on non-essential items or as a result of decreased consumer confidence. This decrease in demand would shift the demand curve to the left, leading to a decrease in the equilibrium price of used Cadillacs.

Read more about supply-and-demand

https://brainly.com/question/14741584

#SPJ1

Answer:physiological

Explanation:

According to Maslow's hierarchy of needs, the Physiological category of needs is this condition. Thus, option A is correct.  

According to Maslow's theory, a model of motivation, a person's conduct is determined by 5 categories of basic human needs. These needs include that physiology, safety, belongingness, respect, and self-actualization.

The base of Maslow’s model of requirements is biological requirements for human survival. They seem to be the things a man needs the most in order to live. Linda chooses to go shopping since she needed fresh produce. shopping.

They encompass the requirements for food, clothing, comfort, rest, and healthcare. At about this level, a human's drive stems from their survival instinct. Therefore, option A is the correct option.

Learn more about Maslow's hierarchy of needs, here:

https://brainly.com/question/18069252

#SPJ2

While interacting with others in a virtual space, to be fully human means for instance such as in a classroom, means having the qualities and characteristics inclusive to humanity, even though the medium of communication being virtual.

It involves identifying and embracing our shared humanity and engaging in meaningful connections with other people like friends family colleagues, even though miles apart and can only see by virtual screens.

Emotional connections, sharing knowledge, expression ,communication collaboration cooperation are the various forms. Therefore, virtual experiences though lack sensory and physical aspects of face-to-face interactions, they still provide a platform for human connection, learning, and growth.

To know more about virtual interaction,

brainly.com/question/31455408

brainly.com/question/32326690

The probability of successfully completing the makeup exam decreases to 0.20.

In most cases, the probability is the ratio of the total number of outcomes in that sample space to the number of favorable outcomes. Probability of an event is expressed as P(E) = (Number of favorable outcomes) (Sample space). Simply put, probability is the likelihood of something occurring. We can discuss the probabilities—how likely certain outcomes are—when we are uncertain about an event's outcome. Statistics is the scientific study of probabilistic events. A number that indicates how likely an event is to occur is known as the probability of the event in science. It is expressed as a number between 0 and 1 or as a percentage using percentage notation between 0% and 100%. The higher the probability, the more likely the event is to occur. It is impossible for an event to occur; the probability of an event occurring is 1.

To learn more about probability visit :

https://brainly.com/question/30034780

#SPJ1

Answer:

Productivity improves safety and quality. Carelessness is often what begets safety issues. With the appropriate (and productive) safety processes, safety can be improved, and quality can be improved as well. The more productive employees are, the less likely they are to cut corners on things like safety processes

Answer:

Cost of goods manufactured schedule for Case1

Opening Work In Process                  $1,000

Add Total Manufacturing Costs       $16,000

Less Ending Work In Process          ($3,000)

Cost of goods manufactured           $14,000

Income statement for Case 1

Sales                                                                                              $24,500

Less Sales discounts                                                                     ($2,500)

Net Sales Revenue                                                                       $22,000

Less Cost of Goods Sold

Beginning Finished Goods Inventory                 $3,300

Add Cost of goods manufactured                     $14,000

Less Ending Finished Goods Inventory            ($3,400)          ($13,900)

Gross Profit                                                                                     $8,100

Less Operating expenses                                                           ($2,500)

Net Income                                                                                    $2,500

Current assets section :

Inventory :

    Raw Materials                                      $600

    Work In Process                               $3,000

    Finished Goods                                $3,400

Receivables (net)                                 $15,000

Prepaid Expenses                                    $400

Cash                                                      $4,000

Total Current Assets                          $26,400

Explanation:

Part b

Cost of Goods Manufactured = Opening Work In Process + Total Manufacturing Costs - Ending Work In Process

Part c

Income statement shows the Profit earned during the reporting period

Profit = Gross Profit - Operating expenses

Part d

The current assets section will include assets of a short term nature (not exceeding a period of 12 months). For a manufacturing company, it is important to show each inventory balance in the inventory categories of Raw Materials, Work In Process and Finished Goods among other items.

Note : Current Assets are shown in their order of liquidity in the Balance Sheet as above.

Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.

The three lease options available to Beverly Mills are as follows:

Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile

Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile

Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile

Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.

For more such questions on allowance

https://brainly.com/question/14191260

#SPJ8