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andreev551 [17]
2 years ago
13

1. Why is it extremely important to read the fine print of your W-4 form?

Business
1 answer:
elena-14-01-66 [18.8K]2 years ago
4 0

Answer:

The reason that makes the read of the W-4 extremely important is that:

It determines how much tax your employer will withhold from your check. Explanation:

The reason behind this answer is that in the first place the W-4 format is a required format of the tax return process. It allows you to understand the amount of money that your employer withholds so you can figure out how much money you can deduct and what will be your possible return if you read it well.

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Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $18,000. Budgeted cash receipts total
romanna [79]

Answer:

$30,000 excess

Explanation:

Beginning cash balance + Budgeted receipts - Budgeted disbursements + excess/deficiency = desired ending balance

$18,000 + $175,000 - $174,000 + $X = $49,000

$19,000 + $X                                       = $49,000

$X                                                         = $49,000 - $19,000

$X                                                         = $30,000

5 0
2 years ago
At the beginning of the current fiscal year, the balance sheet for Davis Co. showed liabilities of $256,000. During the year lia
Likurg_2 [28]

Answer:

$209,600

Explanation:

Calculation of the net income (or loss) for the year

Stockholders’ equity = Total Capital + Net Income - Dividend

Therefore the Net Income will be:

Using this formula

Net income= Stockholders’ equity + Dividend - Total Capital

Where,

Stockholders’ equity =$343,200

Dividend =$20,000

Total Capital =$153,600

Let plug in the formula

Net income= $343,200 + $20,000 - $153,600

Net income= $209,600

Therefore the net income (or loss) for the year will be $209,600

4 0
2 years ago
Suppose Luther Industries is considering divesting one of its product lines. The product line is expected to generate free cash
erik [133]

Answer:

$61,127,596

Explanation:

formula for the value of operations =

[Free Cash Flows (1 + growth rate)] / (WACC - growth rate)

where

We have D/E = 2 or D=2*E  (debt-equity ratio)

Tax = T=35%,

Ks=10%,

Kd =7%

Kd*(1-T) = 7%*(1-35%) = 4.55%

WACC = Kd*(1-T)*(D/(D+E)) + Ks*(E/(D+E))

WACC = 4.55%*(2E/3E) + 10%*(E/3E)

WACC = 4.55%*(2/3) + 10%*(1/3)

WACC = 6.37%

Value of Ops = 2000000*(1+3%)/(6.37%-3%)

Value of Ops = $61,127,596

to be profitable it must receive for the product line $61,127,596

6 0
2 years ago
Which investment has the least amount of risk?
exis [7]

Answer:

A. standard deviation = $500, expected return = $5,000

Explanation:

For analysis which investment involved the least amount of risk we need to determine the coefficient of variation i.e. shown below:

As we know that

Coefficient of variance = standard deviation ÷ expected return

A = $500 ÷ $5,000 = 0.10

B = $700 ÷ $500 = 1.40

C = $900 ÷ $800 = 1.125

D = $400 ÷ 350 = 1.143

As it can be seen that investment A has the leas amount of risk hence, the same is to be considered

5 0
2 years ago
Cocoa nibs from Nigeria last year was supplied at $9 per 10 pounds. This year the demand has increased and that same supply of N
Juliette [100K]

Answer:

The supply of Nigeria cocoa nibs will increase this year.

Explanation:

last year Nigeria supplied at $9 per 10 pounds but this year its supplying at $12 per pounds, this means that the Nigerian nibs quantity will have to increase to cover up for the demand of its goods.

3 0
2 years ago
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