Select all that apply. Who may receive a Form 1099K Tina is reimbursed for shared meals with friends and family. reimbursement was 900 James and Anna rent a room in their house through Airbnb. They rented for 100 days and received 12.500 Zadora sells handmade jewelry through Etsy. they sold 1895 in jewelry. Roger sold a bike to their neighbor for $50
Q: The board of directors of Mountain Hotels has declared a dividend of $1,500,000. The company has…
A: The dividend is declared to all the shareholders from the retained earnings of the business. The…
Q: 1. Millennium Bakery has its operations in producing bakery and confectioneries for 10 years in the…
A: Please see the answer below as fallows: Answer: The Millenium Bakery's information system will…
Q: Which financial statement would you look at to understand a company's revenues, cost of goods sold,…
A: The purpose of financial statements is to provide information about a company's operations and…
Q: The December 31, 2022 statement of financial position of Xu Company showed Accounts Receivable…
A: The net accounts receivable balance is calculated by reducing Adjusted balance of Accounts for…
Q: Stephanie's Designs has 1,500 shares of 6%, $50 par value cumulative preferred stock issued at the…
A: In case of cumulative Preferred Stock, any amount of dividend will first be paid to preferred stock…
Q: Q2. From the given information, calculate: (A) P/V Ratio, (B) Fixed Ratio, (C) Break-even Point and…
A: P/V Ratio :— It is the ratio between contribution margin and total sales. Break Even Point (BEP)…
Q: The trial balance of Klopp and Co does not agree and a suspense account has been opened. Cash paid…
A: The control account represents the ledger balance. The suspense account is a temporary account…
Q: Every day in April the company purchases $750 of supplies on terms net/30 days. The Accounts…
A: Lets understand the basics. When any transaction of sales or purchases are happen then there is…
Q: You are a senior auditor and you are asked to audit the cash balance under U.S. auditing standards.…
A: Auditing is a process of examining the financial statements and internal control system of an…
Q: The allocation base of the company is machine-hours and the estimated amount of the allocation base…
A: Fixed Manufacturing Overhead: P848,820 fixed machine hours: 43,000 machine hours manufacturing…
Q: on January 18th 2021 Maureen purchased a put option for $600 the option expired on August the 2nd 20…
A: Put options gives you the opportunity to sell the stock on the expiration of period but there is no…
Q: On the first day of the fiscal year, a company issues an $416,000, 10%, 5-year bond that pays…
A: Bonds:Bonds is a long-term debt issued by the government and companies to raise funds for their…
Q: Bioware Company reports cost of goods sold of $42,200. Its comparative balance sheet shows that…
A: Answer Particulars Amount Cost of goods sold…
Q: Kai Inc. started its business operations on January 1, 2022. Kai Inc. established an allowance for…
A: When a firm sales goods on credit, it is not always possible to recover all the cash from its…
Q: The Model Company is to begin operations in April. It has budgeted April sales of $70,000, May sales…
A: A company's cash is the amount of money it has on hand. On the balance sheet, it is classified as a…
Q: 7 What will a contingency note contain? Review Later A circumstance where a company may…
A: Introduction:- A contingent liability is a liability or a potential loss that may occur in the…
Q: 2. Applications of green, lean manufacturing techniques coupled with value stream mapping can make…
A: Please fallow the answer below: Solution : Use the trial-and-error procedure based on a PW…
Q: Bart Golf Co. uses titanium in the production of its golf clubs. Bart anticipates that it will need…
A: An partial income statement can be created by experts and used as a financial record by a company to…
Q: Which of the following types of employee benefits are not covered by AASB 119/IAS 19?
A: The correct answer is: (D) Share- based payments. Because AASB 119/AS 19 are related to employee…
Q: ompany has the following purchases and sales during February. Using the FIFO periodic inventory…
A: There are many methods of the inventory valuations and based on that cost of goods sold calculations…
Q: Use the following information from XYZ Company's balance sheet to answer the next six questions:…
A: Return on Assets :— It is calculated by dividing net income by average total assets. Return on…
Q: Ma3 The Foxworthy Corporation uses a periodic inventory system and the LIFO inventory cost method…
A: When a company liquidates its stock, it sells its newest stock last. When a company uses the…
Q: S, K and P are in a Partnership business as Machinery Manufacturers. They share Profits as 4:3:3.…
A: Comment - We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: In the equity method, the journal entry required to record the amortization of the excess amount…
A: Equity method is used by the investor company when the percentage of investment in the investee…
Q: Required: 1. Estimate ending Inventory for 2022 using the conventional retall method. Note: Amounts…
A: Retail inventory method is used by retailers to find the estimated ending inventory balance. This…
Q: At December 31, the records of Seacrest Enterprises provided the following selected and incomplete…
A:
Q: I have questions about whether purchased funds are recorded as an asset or liability on a bank's…
A: Whether purchased funds are recorded as an asset or liability on a bank's balance sheet depends on…
Q: A random variable that can assume only a finite number of values is referred to as a(n)
A: The correct answer is: (D) Discrete random variable Yes, this is true. A Discrete random variable…
Q: Wildhorse Company has a December 31 fiscal year end. Selected information follows for Wildhorse…
A: The revenues, expenses, and profitability of a company are shown on an income statement over time.…
Q: Hogan Industries had the following inventory transactions occur during 2022:…
A: Inventory valuation method includes: FIFO Method LIFO Method Weighted average cost method FIFO…
Q: Listed below are the following August 31, 2021 accounts and information for the Moses Bosco Company.…
A: Out of the profit earned by the business entities some of the profit is distributed to the…
Q: Employee Chris worked 2,000 hours in Green Company in 2021 as members of qualifying targeted groups,…
A: Please fallow the answer below a) Calculation of WOTC Category of company. Calculation of Work…
Q: If the ending inventory is reported at $357, what inventory method was used?
A: It has been given in the question that a company is using the periodic inventory system which…
Q: Mini-Exercise 16-8 (Algo) Payback period and accounting rate of return LO 16-9, 16-10 Lakeside…
A: PAYBACK PERIOD Payback Period is on the Important Traditional Capital Budgeting Method. The payback…
Q: The total profit P(x) (in thousands of dollars) from the sale of x hundred thousand automobile tires…
A: Profit equation = P(x) p(x) = - x3 + 12x2 + 99x -200 x >= 5 Therefore, the value of x will be…
Q: Additional data: 1. Depreciation expense was$18,600. 2. Dividends declared and paid were$17,340. 3.…
A:
Q: WHat is the employee discount under retail using the LIFO retail method
A: LIFO is the inventory valuation method which assumes that the inventory purchased last is issued or…
Q: The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 16%, its…
A: After tax cost of debt :— It is calculated by deducting tax on before tax cost of debt from before…
Q: Prepare the journal entry to record Autumn Company's issuance of 63,000 shares of no-par value…
A: (A) Debit cash $1,827,000 credit common stock $1,827,000 (B) Debit Land $1,827,000 credit…
Q: Shirley Incorporated has three divisions, King, West and Gold. All common fixed costs are…
A: When a segment is dropped, its assigned fixed costs are still incurred. When that portion is cut,…
Q: Meyda Company's bank statement for the month of June showe balance per bank of €10,336. The…
A: Bank reconciliation statement, it's the statement which is prepared to tally the cash balances as…
Q: Neville has an annual salary of $90,000. He contributes 27.5% of his pre-tax income to his mortgage…
A: An individual taxpayer uses the tax formula for computation of the tax due or to be refunded. Gross…
Q: in 2024, the marion company purchased land containing a mineral mine for $1,500,000. Additional…
A: Book Value of any asset means the value obtained after subtracting the depreciation amount from the…
Q: Example 1: A company that produces a perfumes daily, the variable cost (product cost) per unit is…
A: The X-Axis denotes the number of Units and the Y-Axis shows the Cost and Revenue Amount. The…
Q: 3 Date 02/01/2023 Transaction Pay Phoenix Insurance $600 for 6 months of liability insurance using…
A: Every journal entry has two aspects; debit and credit. An asset or expense account is debited to…
Q: Question 27 Fundamentally, the identification of a performance shortfall becomes an exercise in…
A: Performance analysis is the process of observing the operation and evaluating the information…
Q: Better Biscuits is planning to make and sell a new cookie and expects the following cash flows at…
A: Time Value of Money :— According to this concept, value of money in present day is greater than the…
Q: The Brite Beverage Company bottles soft drinks into aluminum cans. The manufacturing process…
A: The activity costs associated with these activities for the period are as follows:Activity…
Q: Which of the following foreign taxes is not a creditable foreign tax for U.S. tax purposes? Multiple…
A: The following foreign taxes is not a creditable foreign tax for U.S Tax purposes: - Value- added tax…
Q: Stryker Industries received an offer from an exporter for 15,000 units of product at $17.50 per…
A: The variable cost per unit remains constant and total fixed costs remain constant at every level of…
Select all that apply. Who may receive a Form 1099K
Tina is reimbursed for shared meals with friends and family. reimbursement was 900
James and Anna rent a room in their house through Airbnb. They rented for 100 days and received 12.500
Zadora sells handmade jewelry through Etsy. they sold 1895 in jewelry.
Roger sold a bike to their neighbor for $50
I want answer within one hour. Thanks
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Ms. Daphnee Rosagas needs 5,500 on August 19, 1991 for her children's school expenses. She plans to repay the money on December 6, 1991. What size of loan should she request from the Employees Credit Cooperative if the interest in advance is 6 3/8% (Simple Discount)Last year Nate opened a savings account with a deposit of $17,250. The account was in the name of Nate and Derrick, joint tenancy with the right of survivorship. Derrick did not contribute to the account, but this year he withdrew $5,750. Required: a-1. Has Nate made a complete gift? a-2. What is the amount of the complete gift, if any, and when was the gift made? Complete this question by entering your answers in the tabs below. Req A1 Req A2 What is the amount of the complete gift, if any, and when was the gift made? Amount of complete gift At the time of withdrawalLola Tinidora, 63 years old, was treated by her grandchildren Alden, Allen, and Ellen to Max's restaurant during the grandparent's day and their total bill is P2, 240. How much is the discount on senior citizen? a. P100 d. P400 b. P160 C. P200
- Lola Tinidora, 63 years old, was treated by her grandchildren Alden, Allen, and Ellen to Max's restaurant during the grandparent's day and their total bill is P2,240. How much is the discount on senior citizen? How much is the VAT? a. P240 b. P180 c. P100 d. P60Selecting a Bank. Julie wants to open a bank account with $43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of $500. Which bank should Julie choose? Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Free Free Other bank 5 free, then $1.15 per use $1.40 per use $1.40 per use $1.40 per use Checking: Minimum deposit $100 $28 $1 $1 Minimum balance required to avoid fees* N/A N/A $500 N/A Monthly fees $8.66 $10.11 $15.88 $3.61 Check-writing charges 15 free, then $0.85 per check 10 free, then $0.85 per check Unlimited Each check $0.43 * N/A means monthly fees apply irrespective of account balances. Based on the information given in the chart, which bank should Julie…Can Olivia and Anthony Afford This Home Using the Monthly Income Loan Criterion? Next week, your friends Olivia and Anthony want to apply to the Fourth Global Bank for a mortgage loan. They are considering the purchase of a home that is expected to cost $125,000. Given your knowledge of personal finance, they’ve asked for your help in completing the Home Affordability Worksheet that follows. (Note: When completing the form, round each dollar amount to the nearest whole dollar.) To assist in the preparation of the worksheet, Olivia and Anthony also collected the following information: • Their financial records report a combined gross before-tax annual income of $125,000 and current (premortgage) installment loan, credit card, and car loan debt of $1,823 per month. • Their property taxes and homeowner’s insurance policy are expected to cost $3,125 per year. • Their best estimate of the interest rate on their mortgage is 7.5%, and they are interested in obtaining a 15-year loan.…
- Dave and Ellen are newly married and living in their first house. The yearly premium on their homeowner's insurance policy is $450 for the coverage they need. Their insurance company offers a discount of 5 percent if they install dead-bolt locks on all exterior doors. The couple can also receive a discount of 2 percent if they install smoke detectors on each floor. They have contacted a locksmith, who will provide and install dead-bolt locks on the two exterior doors for $50 each. At the local hardware store, smoke detectors cost $7 each, and the new house has two floors. Dave and Ellen can install the smoke detectors themselves. a. Assuming their insurance rates remain the same, how many years will it take Dave and Ellen to earn back in discounts the cost of the dead-bolts? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Recovery period b. How many years will it take Dave and Ellen to earn back in discounts the cost of the smoke detectors? (Do not…Claire needs to borrow $5000 to pay for NHL season tickets for her family. She can borrow from the credit union (36 monthly payments of $151.54 each). Find the APR for each loan. The APR for the finance company loan is? The APR for the credit union is?Two friends, Savvy Sally and Debtie Debbie, decide to make Saturday special and plan a fun family dinner twice a month. Sally packs a picnic lunch and spends every other Saturday in the park; that night, she deposits $100 in an online mutual fund savings account which pays 8% interest. Debbie takes her family out to eat every other Saturday and puts the charge of $100 on her credit card. Her credit card interest is 20% based on her credit score rating of "Prime". Part A: Based on the first scenario: Answer the following question utilizing the Future Value of Annuity calculator: If Sally’s account compounds monthly, calculate how much Sally will have in her savings account: In 10 years? In 20 years In 30 years? In 40 years? Part B: Based on the second scenario: Answer the following question utilizing the Credit Card Interest Calculator: For just one year of spending $100 on dinner every other Saturday, how much would Debbie pay in interest for her credit card balance of…
- Shay Manning rents an apartment in Chicago and carries $40,000 insurance on her personal belongings. She selects the $1,000,000 liability with a deductible of $1,000 for each claim and carries an identity theft/fraud protection of $24. Shay's credit is rated as bad as she has a recent bankruptcy on her record. Find her annual premium using the given table. E Click the icon to see a hypothetical table of Estimated Annual Renters Insurance Premium Rates. The annual premium is $ (Simplify your answer. Type an integer or a decimal.)What kind of obligation are the following? 1.1. Rosalie agreed to pay her tuition fee in five monthly installments. 1.2. Gino promised to give Rhino a puppy husky four months from now. 1.3. Ivy is buying a pair of headlights for her car but requested that she will buy one piece at a time because her money is insufficient for both pieces. 1.4. The parents donated a farm lot to their children Josie, Jojo, and Joey. 1.5. The teacher opted for “blended” teaching where she can meet students face to face for 10 hours and give them e-learning materials for 40 hours.You drive a 4 year old truck valued at $15,000. You have a $70,000 personal automobile policy with $ 12,000 per person medical payments coverage and both collision ($500 deductible) and comprehensive coverage. Your neighbor drives a five-year old SUV valued at $10,000Your neighbor has a 25/50 / 15 automobile policy with $15,000 in medical payments coverage and both collision ($200 deductible) Early one morning your neighbor was driving down the street while you were driving the opposite way to drop your friend off at her house and your neighbor swerved into your lane and struck your vehicle. Below you will find the damage caused by the accident: Your Bodily Injury: $7,000 Your friend's Bodily Injury: $25,000 Your Car: $8,500 Neighbor's Bodily Injury: $ 3,000 Neighbors Car: $9,000 Using the information above, find the following a ) How much will your policy pay for your bodily injury? Type your answer b ) How much will your policy pay for your friend's bodily injury? Type your answer…