When an owner withdraws $60 cash for personal use, the recording for this accounting transaction of the equation will be done by decreasing the cash account and increasing the withdrawals account.
What is the significance of accounting transaction?An accounting transaction can be referred to or considered as a transaction that affects at least two accounts of the firm who undertakes such transaction.
Drawings for personal use lead to an increase in the withdrawals account, and ultimately will lead to a decrease in the cash reserves of the firm. The above recording for the transaction will be done similarly.
Therefore, the significance regarding an accounting transaction has been aforementioned.
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a customer paid \$53.00$53.00dollar sign, 53, point, 00 for a jacket after a 666 percent sales tax was added. what was the price of the jacket before the sales tax was added?
The price of jacket is $50.
We are given the sales tax percentage and the total price of jacket. So, let us assume the original price of jacket be x. Now, forming the equation to find the value of x.
x + 6% of x = 53
Rewriting the equation -
x + [tex]\frac{6x}{100}[/tex] = 53
Taking LCM on Left Hand Side we get -
[tex]\frac{100x + 6x}{100}[/tex] = 53
Now, performing cross multiplication and taking as numerator on Right Hand Side of equation
106x = 53×100
Performing multiplication on Right Hand Side of the equation
106x = 5300
Shifting 106 as denominator on Right Hand Side of the equation
x = [tex]\frac{5300}{106}[/tex]
Performing division to find the value of x which is the cost of jacket
x = 50
Hence, the price of jacket before addition of sales tax is $50.
The complete question is -
A customer paid $53.00 for a jacket after a 6 percent sales tax was added. What was the price of the jacket before the sales tax was added?
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bravo company had a beginning accounts receivable account balance of $540. during the period bravo' sold goods on account for $2,360. ending accounts receivable had a $630 balance. how much was collected on account during the period
The collected on account during the period will be $1,150.
What is account?
The entry of a transaction in a financial statement is referred to as a “account.” The account has been updated to reflect the debit and credit transactions. Assets, liabilities, revenue, equity, and expenses are all types of financial activity.
Determining the bravo company is:
Beginning Account receivable = $380
Add sales on account = $1,400
Total Account receivable = Beginning Account receivable + Add sales on account.
Total Account receivable = $380 + $1,400
Total Account receivable = $1,780.
Less Ending Account receivable $630
Amount collected = Total Account receivable - Less Ending Account receivable.
Amount collected = $1,780 - $630.
Amount collected = $1,150.
As a result, collected on account during the period will be $1,150.
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the products produced on the prairies went mostly to which market? overseas overseas to people in the western territories to people in the western territories to other farmers to other farmers to people in the cities to people in the cities
The products produced on the prairies went mostly : to people in the cities.
What is the province of the prairie?
The northern Great Plains region of North America is home to the Canadian provinces of Manitoba, Saskatchewan, and Alberta, collectively known as the Prairie Provinces. They make up Canada's primary wheat-producing region and are a significant supplier of petroleum, potash, and natural gas.
A prairie is a sizable, open grassland region that is primarily covered in sedges, savannas, and shrublands. Vegetative items are the most prevalent in supermarkets. Because cities are unable to produce these products in big quantities, the answer to the question above is "A. to the people in the cities."
Question:
The products produced on the prairies went mostly to which market?. . A.. to people in the cities. . B.. to other farmers. . C.. to people in the western territories. . D.. overseas.
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type the correct answer in the box. spell all words correctly. what will help you improve performance and strive for a better career? improving performance and striving for a better career is an example of .
Improving performance and striving for a better career is an example of work ethics.
Following corporate policies, communicating effectively, accepting responsibility, being accountable, being professional, and having faith in and respect for your coworkers at work are all examples of ethical workplace behavior. These illustrations of moral behavior guarantee the highest level of output at the workplace.
Work ethic is a set of principles based on self-control and diligence. It has an impact on how you manage your obligations and how seriously you treat your work. You are motivated and prepared to act professionally in school and later at work if you have a strong work ethic.
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A decrease in the price of a complementary good will cause its complement’s equilibrium price to ______________ and the equilibrium quantity to ______________.
A decrease in the price of a complementary good will cause its complement’s equilibrium price to decrease and the equilibrium quantity to decrease.
Complementary goods are those that are consumed together. Substitutes are goods that can be consumed in place of the original. Prices of substitute goods or complementary goods also cause the demand curve to shift. When the price of a complementary good falls, the quantity demanded of one rises and the requirement for the other rises. When the cost of a substitute good falls, the quantity demanded for that good rises, but the demand for the good for which it is substituted falls.
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an open systems view argues that your customers have options. they can, and will, buy from your rivals if you don’t meet their needs efficiently and effectively.
An open systems thesis argues that your consumers have options. they can, and will, buy from your opponents if you don’t meet their needs efficiently and effectively. True. The bullwhip effect claims that variations in need magnify as they move upstream toward suppliers.
The bullwhip effect
The bullwhip effect is a supply chain spectacle describing how small changes in demand at the retail level can cause progressively larger changes in demand at the wholesale, distributor, manufacturer, and raw material supplier ranks. The effect is named after the physics interested in cracking a whip.
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a comprehensive performance measurement tool that reflects the measures critical to the success of the firm's strategy and provides a means for aligning performance measures to the strategy is
a comprehensive performance measurement tool that reflects the measures critical to the success of the firm's strategy and provides a means for aligning performance measures to the strategy is the balanced scorecard.
What is the balanced scorecard?
A balanced scorecard is a strategy performance management tool, or a well-structured report, that managers may use to keep track of how the employees under their supervision are carrying out their duties and the results of those decisions.
Therefore,
a comprehensive performance measurement tool that reflects the measures critical to the success of the firm's strategy and provides a means for aligning performance measures to the strategy is the balanced scorecard.
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company a has a beta of 0.70, and company b's beta is 1.20. the required return on the stock market is 11%, and the risk-free rate is 4.25%. what is the difference between a's and b's required rates of return? (hint: first find the market risk premium, and then find the required returns on the stocks.
Option E, or 3.38%, is the difference between the required rates of return for A and B.
The relationship between systematic risk and expected return for assets, particularly stocks, is known as the Capital Asset Pricing Model (CAPM). The CAPM is frequently used in finance to value risky securities and calculate expected returns for assets based on their risk and cost of capital.
The beta for Company A is 0.70.
The beta for Company B is 1.20.
The required stock market return is 11.00%,
4.25% is the risk-free rate.
A risk premium of 11% minus 4.25% equals 6.75%.
You can input the returns of 8.975% for A and 12.35% for B to find them in the CAPM.
What is the Rate of Return?The net gain or loss on an investment over a predetermined period of time is known as a rate of return. The initial cost of the investment is used to calculate the rate of return.
Thus, 3.38% is the answer
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Faculty is a/an
A. Continuous variable
B. Ordinal variable
C. Nominal variable
D. Interval variable
E. Ratio variable
Answer:
a
Explanation:
I hope I'm right a ag g dh g d dg g f d d gi j f d j ynrbr
after the price ceiling is implemented, there is neither a shortage nor a surplus. a shortage. both a shortage and a surplus. a surplus.
After the price ceiling is implemented, Quantity demanded is greater than quantity supplied, thus there is a shortage.
What is supposed by using a price ceiling?
A price ceiling keeps a fee from rising above a sure degree the “ceiling”. A charge ground continues a rate from falling under a sure stage the “floor”. We will use the demand and deliver framework to apprehend price ceiling. In lots of markets for goods and services, demanders outnumber providers.
What's price ceiling with appropriate example?
A price ceiling is the most amount a producer can sell their right or service for. That is normally mandated by means of government on the way to make sure clients can have the funds for the relevant goods and offerings. Examples consist of, meals, rent, and power products which can also become unaffordable to consumers.
What is the effect of price ceiling?
When price ceiling is ready underneath the market rate, producers will start to gradual or prevent their production technique inflicting less supply of commodity within the market. On the other hand, call for of the consumers for such commodity increases with the autumn in fee.
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is based on the idea of an insured individual purchasing coverage of a set of benefits, utilizing individual medical services, and paying the healthcare provider for the services rendered while is defined as when - an insured individual pays a fixed, prespecified amount in exchange for services
Fee for service is built on the notion that an insured person purchases coverage for a number of advantages.
What is an insurance?A excellent strategy to stop financial loss is through insurance. It is a risk management strategy that is primarily employed to protect against the threat of a potential loss.
A business that offers insurance is known as an underwriter, insurer, insurance firm, or insurance carrier. A policyholder is a person or business that obtains insurance, whereas an insured is a person or thing that the insurance policy protects. Although the words "policyholder" and "insured" are sometimes used interchangeably, they are not always the same because there are some situations in which extra insureds who did not purchase the insurance may be protected.
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jackie’s landlord told her she has to pay her rent by the 1st (instead of the 5th) this next month, or she will be evicted. jackie is worried about how she will get the money on time. this demand is for jackie.
In the given question, Jackie is worried about how she will get the money on time, this demand is a stressor for Jackie.
What is a stressor?A chemical or biological agent, environmental factor, outside stimulus, or event that is thought to put an organism under stress is referred to as a stressor. Demands and the stress they cause Tasks that demand effort to complete on the mental, emotional, or physical levels are called demands.
Some stressors are simple to recognize, such as work pressures, relationship issues, a busy schedule, or financial worries.
Hence, In the given question, Jackie is worried about how she will get the money on time, this demand is a stressor for Jackie.
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To complete the measurement process, companies need to update balances of assets, liabilities, revenues and expenses for changes created by entries. True or false?.
To complete the measurement process, companies need to update balances of assets, liabilities, revenues, and expenses for changes created by entries.
The statement is true.
An adjusting entry is honestly an adjustment in your books to higher align your revenues, economic statements along with your earnings and charges, typically — however no longer always — on an accrual foundation. Adjusting entries are made at the give up of the accounting length. this could be at the give-up of the month or the stop of the year.
Adjusting entries are important because they ensure that your enterprise activities are correctly recorded and that you aren't paying for charges earlier than they happen. simply put, your economic statements provide correct statistics.
Modifications entries fall beneath 5 categories: gathered revenues, collected prices, unearned sales, pay as you go fees, and depreciation.
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lisa lives next to a vacant plot that belongs to carol. carol has never visited the plot in the last 20 years during which period, lisa has taken care of it by fencing the plot and mowing the grass. if this continues, lisa will be able to claim ownership of land based on: multiple choice a quitclaim deed. adverse possession. easement. fee simple absolute.
Lisa lives next to a vacant plot that belongs to Carol. Carol has never visited the plot in the last 20 years during which period, Lisa has taken care of it by fencing the plot and mowing the grass. if this continues, Lisa will be able to claim ownership of land based on adverse possession.
Adverse possession, every so often colloquially described as "squatter's rights", is a criminal principle in the Anglo-American not unusual law below which a person who does no longer have criminal title to a chunk of assets generally land (real assets) may additionally accumulate prison possession based on continuous ownership or occupation of the property without the permission of its prison owner. The ownership by means of a person is not unfavorable if they may be in ownership as a tenant or licensee of the felony proprietor.
What's the rule of thumb of adverse possession?
It was determined: “adverse possession lets in a trespasser – a person guilty of a tort, or maybe a crime, in the attention of the regulation – to advantage felony title to land which he has illegally possessed for 12 years.
What are the necessities of adverse possession?
Someone who claims adverse possession have to show: (a) On what date he got here into possession, (b) What became the character of his ownership, (c) Whether the factum of possession become regarded to the opposite party. (d) How lengthy his ownership has persevered, and (e) His possession became open and undisturbed.
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the identification process of an online financial services company requires that new users must complete an online interview with their security team. the completed recorded interviews are only required in the event of a legal issue or a regulatory compliance breach. what is the most cost-effective service to store the recorded videos?
A. M. Glacier (an extremely low-cost storage service that provides secure, durable, and flexible storage for long-term data backup and archival.)
A broad category of more specialized operations, such as banking, investing, and insurance, is referred to as financial services. While financial products are the real items, accounts, or investments that these companies offer, financial services are only the activity of financial services corporations and their professionals.
What are the financial services' roles?
An economy's ability to operate depends on the provision of financial services. Without them, people with money to save could find it difficult to connect with those who need to borrow from them, and vice versa. And without financial services, people might not purchase as many products and services because they would be so focused on saving to cover risk.
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tyler's event planning company hired a new marketing assistant who focuses only on long-term organizational goals and objectives, ignoring the functional or operational level aspects of planning. for having a successful marketing planning experience, in which concept should the new assistant be trained?
The new assistant should be trained on the following concept
Stay Strategic, but also Stay on top of the TacticalThe process of determining a company's purpose for being, identifying objectives targeted at attaining its full potential, and developing progressively distinct duties to achieve those objectives is known as organisational planning. A proper organisational plan comprises four phases: strategic, tactical, operational, and contingency
Why is planning crucial in a company?Planning, in particular, aids in critically evaluating the aim to determine its viability. By estimating when the business will be able to reach its goal, it helps decision-making and enables for creating a time range. It also specifies how to assess performance in relation to the objectives specified, as well as who will be in charge of doing so..To learn more about Organizational Planning, Click the links.
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two 20-year bonds are indentical in all respects except that one allows the issuer to call the bond in return for $1,000 cash at any time after five years, while the other contains no call provisions. will the yield to maturity on the two bonds differ? if so, which will be higher? why?
The yield on the bond with the call provision will be higher. The call option gives the issuer a valuable option and investors will demand compensation for this option in the form of a higher yield. For example, suppose the interest rate declines in year six. The price of the non-callable bond will rise as the holder earns an above market current yield, while the price of the callable bond will remain at $1,000 in anticipation that the issuer will call the bond and refinance at the new lower rate. Holders of the callable bonds will demand a higher yield to compensate for such eventualities.
What is a bond?
A bond is an investment security in which an investor lends money to a company or government for a specified period of time in exchange for periodic interest payments. When the bond matures, the bond issuer returns the investor's money.
How do bonds work?
I-Bonds accrue monthly interest from the first day of the month in which they are issued. Interest accrues (added to the bond) until the bond reaches 30 years or until the bond is redeemed, whichever comes first. Interest is compounded semi-annually.
What are bonds and types of bonds?
Bonds can be classified into four types: corporate bonds, municipal bonds, government bonds and agency bonds. Bond prices are inversely proportional to coupon rates. When interest rates rise, bond prices fall, and when interest rates fall, bond prices rise.
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International integration is most difficult for ______________. These regions, which some call the "bottom billion," are located in the east, central, and west africa, central asia, and the pacific islands.
International integration is most difficult for countries in regions that are divided, removed from world markets, and lack the economic size.
International integration implies the adoption of policies by separate countries as if they were one unit. The degree of integration is commonly tested by seeing whether interest rates or share prices or the costs of products are the identical in several national markets. If we define integration as providing equal economic opportunities, however unequal the initial endowments and achievements of members of the integrated area, the globe was more integrated at the tip of the nineteenth century than it's today.
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explain how a market economy determines who will receive the benefits from what is produced and sold.
Market economies determines who will receive the benefits from what is produced and sold by using the forces of supply and demand to determine the appropriate prices and quantities for most goods and services in the economy.
What is a market economy..??"A market economy is one in which the allocation of resources and the prices of goods and services are determined by market forces, primarily supply and demand. Market economies have little government intervention, allowing private ownership to determine all business decisions concerning how a business is run."
There are two other modern economic models:
1. Command Economy
2. Mixed Economy
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the theoretically correct method to determine the cost of debt involves solving the present value of a stream of cash flows equation for .
Entire annual interest costs should be calculated, find this number on your income statement if your company releases financial statements.
What is cost of debt?
The cost of a company's money, or from the perspective of an investor, "the needed rate of return on a holdings firm's organizational securities," is what economists and accountants refer to as the cost of capital. It is employed by businesses to assess new initiatives.The entire amount of interest that a business pays over the course of a loan or other type of debt is referred to as cost of debt.
Therefore,
The theoretically correct method to determine the cost of debt involves solving the present value of a stream of cash flows equation for:
Entire annual interest costs should be calculated. You may typically find this number on your income statement if your company releases financial statements.
Add up every loan you have.
To calculate the cost of debt, divide the first number (total interest) by the second one (total debt).
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muhammad yunus, founder of the grameen bank, was highly successful in his use of applying social incentives through group responsibility in order to maximize loan repayment rates. this success created an incentive for other banks to:
Muhammad Yunus, The Grameen bank founder, was highly successful in applying social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Since Professor Muhammad Yunus founded Grameen Bank in 1976, several economists have analyzed the Grameen Bank's success in trying to eradicate poverty in Bangladesh, either theoretically or empirically. He used social incentives through group responsibility to maximize loan repayment rates and created an incentive for other banks to offer similar loans to the poor.
Social incentives refer to a wide variety of interpersonal motivations and rewards that encourage people to act in a socially valued and approved manner. Projecting a positive reputation and social image, obtaining social acceptance, and moving up the social hierarchy are all examples of social incentives.
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isabella is writing her resume she doesnot have much work experience she think she should leave an empty section resume is this a good ideas
She should stress her talents and experience earned above the specific job itself or the amount of time worked.
What is a resume?
A succinct description of one's background and credentials: an updated resume I sent a cover letter, work samples, and my resume for the internship.
Therefore,
Isabella is writing her resume she doesnot have much work experience she think she should leave an empty section resume is this a good ideas:
She should stress her talents and experience earned above the specific job itself or the amount of time worked because leaving an empty space in her resume could distract the reader.—
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Megha is a taekwondo expert who starts her own martial arts training academy. She conducts taekwondo classes for women and teaches them the art of self-defense. Megha can be regarded as a(n)
As Megha, who is a taekwondo expert that starts her own martial arts training academy, also conducts taekwondo classes for women and teaches them the art of self-defense, then, Megha can be regarded as an entrepreneur.
Who is an entrepreneur?This refers to the individual that starts and runs a business with limited resources, planning and responsible for all the risks and rewards of their business venture. Their business idea often entails a new product or service rather than an existing business model.
Because of the features possessed by an entrepreneur, therefore, Megha can be regarded as an entrepreneur because of her taekwando classes.
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in general, the cost and value of your tangible, personal, and real assets tend to with your age, income, and wealth, all other things remaining constant. the value of your financial and liquid assets, on the other hand, tends to be a function of economic conditions and your investment returns.
It is correct to say that the value of your tangible, personal and real assets tends to be constant with your age, income and wealth. Your financial and liquid assets, on the other hand, tend to be a function of economic conditions and the returns on your investments.
What are tangible, financial and liquid assets?Tangible assets are those physical goods that you acquire to satisfy a need, such as a car. Financial assets, on the other hand, are related to investments, capable of generating financial returns according to their valuation in the market, such as stocks and bonds.
Liquid assets are those that guarantee the availability of money in a simple way, such as a checking account.
Therefore, it is essential that the individual knows how to manage his assets through financial education to allocate his resources according to his needs and objectives.
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sebastian (24) will use the single filing status. his only income during the year consisted of $20,000, which was his net profit from a lawn mowing business. what is sebastian's self-employment tax?
⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒⇒
Answer:2826
Explanation:
As a manager, colin realizes that there is no single formula for making easy decisions. In reality, business decisions he has to make involve uncertainty and risk. This describes the ______ model of decision making.
Answer: the RATIONAL model of decision making is the main model that considers risks and alternatives! Hope this helps!
bcd sportswear has introduced initiatives to attract millennial shoppers, who typically avoid department stores. these include themed pop-up shops, shop-in shops featuring new fashion designers, and concept shops
This is the example of (B) a market-oriented organization that recognizes that different customers want different benefits.
What is a market-oriented organization?A market-oriented organization takes a customer-centered approach, which means that the consumer base's most pressing concerns, immediate needs, and personal preferences must be researched. The strategy must be centered on the consumer base's values, culture, and other behavioral characteristics. Amazon is an example of a market-driven organization. It has consistently added processes and features that clearly address consumer concerns and desires as it has grown and developed. Many consumers, particularly city dwellers, are concerned about having packages delivered when they are not at home.So, in the given situation BCD sportswear company is an example of a market-oriented organization that recognizes that different customers want different benefits.
Therefore, this is the example of (B) a market-oriented organization that recognizes that different customers want different benefits.
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The complete question is given below:
BCD Sportswear has introduced initiatives to attract millennial shoppers, who typically avoid department stores. These include themed pop-up shops, shop-in-shops featuring new fashion designers, and concept shops.
This is the example of _______.
a. a market-oriented organization targets its products at "everybody"
b. a market-oriented organization recognizes that different customers want different benefits
c. most people are not attracted to an average product marketed to the average customer
d. a sales-oriented organization carefully divides the market into groups of people who are similar
nation aga can produce either 3 units of good x or 1 unit of good y with one hour of labor, while nation kaza can produce either 4 units of good x or 2 units of good y with one hour of labor. assuming that labor is the only input, mutually beneficial exchange can take place between aga and kaza if
Mutually beneficial exchange can take place between Aga and Kaza due to their comparative advantages in producing different goods.
Aga has a comparative advantage in producing good X (3 units per hour) compared to Kaza's 4 units. On the other hand, Kaza has a comparative advantage in producing good Y (2 units per hour) compared to Aga's 1 unit.
By specializing in their respective strengths and trading the surplus, both nations can increase their overall output and consumption. This trade allows them to maximize their efficiency and gain from the benefits of specialization, leading to a win-win scenario for both Aga and Kaza.
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grace discovered an error on her 2020 tax return; she was eligible for the other dependent credit but neglected to claim it. she would have received a larger refund if she had claimed the credit. grace requested an extension that year, and she did not file the original return until september 1, 2021. the latest grace can amend her 2020 return and claim the credit is:
She would have received a larger refund if she had claimed the credit. grace requested an extension that year, and she did not file the original return until September 1, 2021. the latest grace can amend her 2020 return and claim the credit is September 1, 2024.
If you need to the credit make a change or adjustment on a go back already filed, you may document an amended go back. Use form 1040-X, Amended U.S. individual earnings Tax go back, and comply with the instructions. normally, for a credit score or refund, you should document shape 1040-X within three years after the date you well timed filed your authentic return or within 2 years after the date, you paid the tax, whichever is later.
If you used TurboTax online, surely log in on your account and select Amend a go back that changed into filed and normal. in case you used our CD download product, signal lower back into your go back and pick Amend a filed go back. You have to document a separate shape 1040-X for each tax return you are amending. there may be no charge to record an amended return 1040X. you'll should record it on paper print, sign, and mail on the grounds that IRS might not receive e-filed amended returns.
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some jobs pay a commission plus a bonus at the end of the year. the bonus may be a percent of the salesperson's total commission. madelyn carr is a sales representative for a luxury home builder. she receives 7% commission on all sales. at the end of the year, she receives a bonus of 5% of her commission. what is her gross pay for a year in which she had sales totalling $412,454?
Some jobs pay a commission plus a bonus at the end of the year. the bonus may be a percent of the salesperson's total commission.
a) If Sales equal $6412454,
Gross Pay equals $471315.369.
Gross Pay equals $30315.369
if Sales are $412454.
c) If sales equal $316250,
gross pay is equal to $23244.375.
This inquiry is straightforward. Madelyn's salary consists of a commission and a bonus. Sales commissions are 7%, while bonuses are 5% of commissions. Therefore:
a) Her gross salary will consist of the following if her sales are $6412454:
Gross Pay is equal to $6412454 x 7% plus ($6412454 x 7%) x 5%.
$448871.78 plus $22443.589 is the gross pay.
$471315.369 is the gross pay.
I'm going to additionally figure out the gross pay for her sales, which comes out to $412454, just in case there's a typo in the question.
Gross Pay = $412454 * 7% + ($412454 * 7%) * 5%.
$28871.78 plus $1443.589 is the gross pay.
= $30315.369 Gross Pay
b) Should she make $316250 in sales,
the following will be included in her gross compensation:
Gross Pay equals $316250 x 7% plus ($316250 x 7%) x 5%.
$22137.5 plus $1106.875 is the gross pay.
$23244.375 is the gross pay.
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