Andrea, who is 28 and single, has adjusted gross income of $50,000 and itemized deductions of $5,500. In 2013, Andrea will have a taxable income of: a. $50,000 b. $44,500 c. $40,000 d. $39,600
Tax Question: Which of the following would be considered "constructively received?" i. interest credited to a savings account ii. a check received after banking hours iii. a paycheck received from employer, when employer does not have funds in the bank to cover the check a. I only b. II only c. III only d. I & II o
Answer the following nine questions regarding claiming dependents: 1. What is the age limitation for a student and a non student? 2. What is the income limitation for a dependent? 3. Who is a qualified child? 4. Who is a qualifying relative? 5. Can a married child ever be claimed as a dependent? 6. How do multiple suppor
Please help with writing a research paper that examines an issue of current relevance to public policymaking. As you consider topics, remember that this policy paper should contain a comprehensive assessment of the intended policy and its potential consequences. You should think of yourself as a staff person who must advise a
Hello, Can you provide direction with the below questions: Lesson 7 has to do with pending changes. The effects of implementing a change are usually dealt with retrospectively or prospectively. 1) Explain briefly the difference between those two methods of applying an accounting change. First give a definition of th
The T&M company wants to expand internationally. The marketing department suggests starting with specialty stores in Italy since a survey indicates that American quality towels are appreciated in Italy. The current price is about 20% higher than comparable towels marketed in that country. The marketing manager says that the c
Computations and analysis are part of the allocation process. So is an organization's understanding of activities, identification of appropriate activities, a system for tracking, and using the information. Let's try to apply ABC to Netflix and provide the CFO with some advice. Provide a list of five of the company's most i
- Explain/discuss the value of the stage-gate process of new product development - What is a project charter and a contract book? Explain/discuss their purpose and how they are related to each other?
1) ISH AB = $40 ISH % ownership = 50% CSH AB = $100 CSH % ownership = 50% CEP= $0 AEP = 100 Dates of Distributions: 4/1/10, 12/1/10 On April 2, 2010 (one-fourth of the way through the year), D Corp makes a distribution of $100 to Shareholders. A $100 distribution is declared on 12/1/2010, payable on 12/31/201
I am looking for an outline with starter points for the following. Please include references where I can find information. Thanks. In recent years, there has been an effort to develop a common set of accounting standards for nations and firms doing business around the world. Discuss how the effort for a global set of accounti
1. What is the difference between a general control and an application control? 2. What internal controls can be implemented using information systems to safeguard an organization's electronic assets?
Pushdown accounting: 1. Refers to the establishment of a new accounting and reporting basis in an acquired company's parent's financial statements 2. Is where the purchase price is "pushed down" on the acquirer's financial statements and used to restate the carrying value of its assets and liabilities 3. Refers to th
I need help with the attached information in the excel sheet based on the following information: Sand, Mell, and Rand are partners who share incomes and losses in a 1:4:5 ratio. After lengthy disagreements among the partners and several unprofitable periods, the partners decided to liquidate the partnership. Before the liquid
1) When a corporation distributes a dividend the most common form of distribution is a cash dividend. Dividends account will be increased with a credit. Retained Earnings account will be directly increased with a debit. Dividends account will be decreased with a debit. 2. An ac
Uzi Company received a charter granting the right to issue 200,000 shares of $1 par value common stock and 10,000 shares of 8% cumulative and nonparticipating, $50 par value preferred stock that is callable at $80 per share. Selected transactions are presented below. 2011 Feb. 19 Issued 45,000 shares of common stock at par f
Please explain thoroughly how to compute a company's goodwill so that I can understand for the future.
How can a manager improve productivity and reduce non-productive time?
Suppose the Baseball Hall of Fame in Cooperstown, New York, has approached Active-Cardz with a special order. The Hall of Fame wishes to purchase 50,000 base-ball card packs for a special promotional campaign and offers $0.37 per pack, a total of $18,500. Active-Cardz's total production cost is $0.57 per pack, as follows: Var
Corbertt Pharmaceuticals manufactures an over-the-counter allergy medication. The company sells both large commercial containers of 1,000 capsules to health-care facilities and travel packs of 20 capsules to shops in airports, train stations, and hotels. The attached information has been developed to determine if an activity- b
Mark or Make is a bourbon distillery. Sales have been steady for the past three years and operating costs have remained unchanged. On January 1, 2037, Mark or Make took advantage of a special deal to prepay its rent for three years at a substantial savings. The amount of the prepayment was $60,000. The income statement items (ex
There are several potential problems that can occur from the improper use of standard costs. Labor quantity standards and efficiency variances assume that production is labor-paced. However, output in many companies is determined by the processing speed of machines. Also, too much emphasis on meeting the standards may overshadow
Kindly summarize the following article: 5 Keys to Survival After the Recession: Reduce Overhead Costs & Maintain Quality by Ashley Jernigan Website: http://unitherm.com/blog/manufacturing/5-keys-to-survival-after-the-recession-reduce-overhead-costs-maintain-quality-2/
Problem 1. Betsy receives a salary of $50,000 from her employer (a retail clothing store) and several fringe benefits. Her employer pays premiums of $300 for her $40,000 group term life insurance coverage and pays $2,400 for medical insurance premiums. Her employer provides dependent care facilities (where she places her youn
In detail, please explain how great a problem is the current account deficit in the United States? Synthesize the opinions of professionals in the finance industry.
Janie graduates from high school in 2012 and enrolls in college in the fall. her parents pay $4,000 for her tutiion and fees. a. assuming janie's parents have agi of 170,000, what is the american opportunity credit they can claim for janie? b. assume her parents have agi of 75,000, whats the american opportunity credit they ca
1. What are the permanent and temporary differences? 2. What is NOL? Why does it occur? 3. What are the allocation methods? 4. What are the deferred tax assets and deferred tax liability? 5. What is the earnings conservatism ratio?
What is the problem with using dollars as part of a productivy measure?
Discuss whether U.S. GAAP under SFAS No. 115 or the requirements of IAS No. 25 are more consistent with the following concepts: i. Conservatism ii. Comparability iii. Relevance iv. Neutrality v. Representational faithfulness vi. Physical capital maintenance
Problem 1. When Keith created a new corporation as the sole shareholder, he was advise by his accountant to treat 50% of the amount invested as a loan and 50% as a purchase of stock. What are the advantages and disadvantages of this structure as compared with treating the entire investment as a purchase of stock? Problem 2.
The Thomas Company is in the process of developing a revolutionary new product. A new division of the company was formed to develop, manufacture, and market this product. As of year-end (December 31, 2010), the product has not been manufactured for resale; however, a prototype unit was built and is in operation. Throughout 20