Answer: Donors(people donating for the progress of the society).
Explanation:
The solution or answer to this exam or problem or question can be seen or found in the first sentence of the question, that is;
"Total Accounting has developed new software for nonprofit organizations that allows them to send DONORS receipts via text or email".
Take note of the capitalized word, " donors" because that is the simplest answer to the question.
Therefore, the software was built and designed for people that are going to be donating or giving back to the society. The software is built in such a way that the Total Accounting marketing team can track who donors are.
Answer:
c. $64 million
Explanation:
For computing the revenue recognized, first we have to determine the percentage which is shown below:
= Cost incurred in 2014 ÷ expenses incurred
= $48 million ÷ $120 million
= 40%
And, the contract price is $160 million
So, the revenue recognized would be
= Contract price × percentage
= $160 million × 40%
= $64 million
Answer:
Option A: Must be calculated on earned income as well as adjusted gross income in some cases
Explanation:
Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.
Earned income are simply wages, self-employment income, and eligible disability pay.
The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.
Answer: price competition
Explanation:
The type of competition would Funke and Dumphy likely engage in after the decrease in demand is price competition.
Price competition simply means when the companies in a particular industry lower their prices afsubst the prices of identical products in order to boost demand and sales.
Since there's a reduction in demand, Dumphy and Funke will engage in price competition to boost sales.
