Answer:
(A) estimated annual costs and expected annual activity
Explanation:
The formula to compute the predetermined overhead rate is shown below:
Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours or estimated machine hours)
It is always calculated on the estimated amount and estimated annual activity i.e direct labor hours or machine hours
So the correct option is a.
<span>Separate maintenance payments and alimony are deductible
by the party creating the payments and are includible in the gross income of
the party getting the payments. Therefore, income is shifted from the income
earner to the income beneficiary, who is better able to pay the tax on the amount
received.</span>
The main difference is a preferred stock gives no voting rights to shareholders and a common stock does.
Preferred shareholders have priority over a company’s income.
Answer:
Loan Account
DR loan Note Account with $150,000
DR Loan Interest Expenses with $3,000
CR Cash/Bank Account with $153,000
Explanation:
the interest payable on the loan as at Dec 31 = $150,000 *6% *4/12 = $3,000
Answer:
The correct answer is:
c. $18,000
Explanation:
According to the information provided, it is possible to determine that for Juan it would be necessary to file a return due to the fact that his gross income was at least $ 18,000 and that by the end of the year he was under 65 years old. It is necessary to take into consideration different facts to be legally required to file a federal tax return such as the filing status, age and gross income mainly.
