Answer:
a. Office Supplies Expense a/c Dr. $750
Explanation:
We are provided that office supplies are recorded as an expense, in that case entry will be:
Office Supplies Expense A/c Dr.
To Cash A/c
After this, there is a valuation of closing balance of supplies in hand.
As per books = $4,000
As per inventory of supplies in hand = $4,750
The difference = $4,750 - $4,000 = $750
This will be recorded in Office supplies expense as in this account only the supplies are recorded.
Therefore correct option is
a. Office Supplies Expense a/c Dr. $750
Answer:
Answer for the question : Stan's tax for 2018 =105+240 = $345.
"Unearned Income of Minor Children and Certain Students (LO 6.4) Brian and Kim have a 12-year-old child, Stan. For 2019, Brian and Kim have taxable income of $52,000, and Stan has interest income of $4,500. No election is made to include Stan's income on Brian and Kim's return. Click here to access the income tax rate schedules and the trust and estate tax rate schedules.a. For purposes of the tax on a child's unearned income, calculate Stan's taxable income.b.Calculate Stan's earned taxable income."
is explained in the attachment.
Explanation:
Answer:
The effective annual rate on loan would be 8.24%
Explanation:
Formula for Effective annual rate ( EAR ) -
(1 + APR / Number of compounding periods in a year) ^ (Number of compounding periods in a year) - 1
where, the APR IS 8% ,
Number of compounding periods - 4 quarters
So now putting these values in the formula -
(1+8% / 4) ^4 - 1
= (1 + 2%) ^4 -1
= (1 + .02)^4 -1
= (1.02)^4 - 1
= 1.08243216 - 1
= .08243216
Now multiplying this by 100 to make it in percentage
= 8.24% ( approximately )
Answer:
I guess the interest rates are 9.10% and 7% per year.
a) $173,369.67
b) $217,212.31
Explanation:
the total distributions received by Ms. Frank are:
year distribution
1 10000
2 11000
3 12000
4 13000
5 14000
6 15000
7 16000
8 17000
9 18000
10 19000
11 20000
12 21000
13 22000
14 23000
15 24000
16 25000
17 26000
18 27000
19 28000
20 29000
21 30000
22 31000
23 32000
24 33000
25 34000
Using excel, I calculated the present value of this annuity using the different discount rates (using present value function)
a) $173,369.67
b) $217,212.31
Answer: A. A QR code that is scanned and decodes information directly on the phone
Explanation:
This is the best option as QR codes are usually inserted into print media to give more information about something when they are scanned. They can even be used to give discounts.
Human technology has not reached the point where either pop-ups, interactive content, or image projections can appear on print media so options B through E are wrong.
