f an asset was purchased on January 1, Year 1, for $140,000 with an estimated life of 5 years, what is the accumulated depreciation at December 31, Year 4

Answer:

Jessica thinks that she might have made a mistake on her tax return and paid more tax than she needed to. Complete the statements describing what Jessica can do.

Jessica can hire

to check her tax return. If a mistake is found, Jessica can file Form

to have the IRS correct the mistake and refund any excess taxes she paid.

I guessed and got it right checked on my quiz

Jessica paid more tax than she needed to because she made a mistake on her tax returns. Here's a list of things she can do to correct her mistake:

A) Wait for IRS correction.

What is IRS correction?

IRS, or the Internal Revenue System, might rectify the miscalculation and notify Jessica about the same through a letter. In that case, IRS will intimate Jessica about the changes along with the list of steps she needs to follow to fix the mistake.

B) Fill out the 1040X form.

What is Form 1040X?

In case Jessica doesn't want to wait for IRS to fix the mistake, she can correct it by herself. Jessica can apply to rectify her mistake through form 1040X. It is the only form she can file to correct the previous mistake on her tax returns. The form can be downloaded as a pdf and is easy to fill. It acts as a rectification to form numbers 1040, 1040A, 1040EZ, 1040NR, and 1040NR-EZ. She should not apply for a new 1040. However, Jessica should keep a copy of 1040 with her.

There are three columns in form 1040X. Jessica needs to sum up the original 1040 in the first column. In the second column, Jessica needs to highlight the modification. Jessica will have to write the amount she originally had to pay.

How should Jessica support her claims?

Jessica should explain her situation clearly in part three of the form. She should also attach the relevant documents to support her claim.

How to get a refund?

Jessica must file the 1040X in two to three years to receive a refund on her overpayment.

Read more about how to correct mistakes on tax returns here: https://brainly.com/question/18977403

#SPJ2

The total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.

To find the total interest the Montgomerys will pay over the course of the loan, we can calculate the monthly payment and then subtract the principal borrowed.

First, we need to calculate the monthly payment using the loan amount, interest rate, and loan term. We can use the formula for calculating the monthly payment on an amortizing loan:

Monthly payment =\(P * r * (1 + r)^n / ((1 + r)^n - 1)\)

Where:

P = Principal amount borrowed = $107,000

r = Monthly interest rate = Annual interest rate / 12 = 7.50% / 12 = 0.625%

n = Total number of payments = 30 years * 12 months/year = 360 months

Plugging in the values, we have:

Monthly payment = $107,000 * 0.00625 * (1 + 0.00625)^360 / ((1 + 0.00625)^360 - 1)

             ≈ $750.20

The monthly payment of principal and interest is approximately $750.20.

To find the total interest paid, we can multiply the monthly payment by the total number of payments and subtract the principal borrowed:

Total interest paid = (Monthly payment * Total number of payments) - Principal borrowed

                 = ($750.20 * 360) - $107,000

                 ≈ $270,072 - $107,000

                 ≈ $163,072

Therefore, the total interest the Montgomerys will pay if they pay the loan on schedule is approximately $163,072.

None of the provided answer options match the calculated value. However, based on the calculation, the closest option is OA. $162,254.80.

for more such question on interest visit

https://brainly.com/question/29415701

#SPJ8

Answer:

Dr amortization expense  $6,900

Cr Accumulated amortization       $6,900

Explanation:

The adjusting journal on 31  December is to reflect the amortization charge of $6,900 in both accumulated amortization and amortization expense accounts.

Find attached t-accounts,note that amortization expense account would not have a closing balance as the amount of amortization is written to income statement

The investment method picked will determine the level of risk that comes with using the $100,000 inheritance to purchase a second property in the mountains in ten years.

Generally speaking, making investments in stocks, mutual funds, or real estate might yield greater profits but also entail greater risk than holding the money in a certificate of deposit or a low-risk savings account. A high-risk investing plan might not produce the expected returns, particularly over a short period of time, and market volatility might lead to a loss of wealth. In addition, variables including changes in real estate valuations, interest rates, and regional economic situations might have an impact on real estate investments. Also, there is always a chance of unanticipated occurrences, such a job loss or a medical emergency, which may have an impact on a person's financial condition and capacity to continue investing in order to achieve their objective.

To Know more about Risk Visit:

brainly.com/question/17284407

#SPJ9

Using the appropriate tool from the Accountant Tools menu, the 4  options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C  and F:

In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.

This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.

Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.

Learn more about QuickBooks Online from

https://brainly.com/question/24441347
#SPJ1

See full question below

Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?

Classes

Customers

Products and Services

Locations

Tax Code

Account

Suppliers

The amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).

Kai and Ivy can obtain a home equity credit line of $67,500. The tax-deductible interest would depend on their itemized deductions.

Kai and Ivy Harris have an appraised value of $180,000 on their home and a mortgage balance of $90,000. An S&L is willing to lend money at a loan-to-value ratio of 75 percent.

They are inquiring about the size of the home equity credit line they may get and the amount, if any, that is tax-deductible interest if their house originally cost $200,000.

Therefore, the amount of equity they have in their home is $90,000 ($180,000 appraisal value - $90,000 mortgage balance).

They can borrow up to 75 percent of the appraised worth of their home, or $135,000 ($180,000 x 0.75).

Since they still owe $90,000 on their mortgage, they can borrow up to $45,000 ($135,000 - $90,000) in equity on their home and qualify for tax-deductible interest.

The amount of interest that qualifies as tax-deductible is determined by the IRS.

They can be charged interest on up to $45,000 in debt secured by their house under current tax law, assuming they use the home equity credit line for home improvements.

For more such questions on equity

https://brainly.com/question/30397975

#SPJ8

Answer:

I think the answer is job board websites

Explanation:

Answer:

Meta job search engine Web sites

Explanation:

I looked up each one of the possible answer's and Meta job search engine web sites makes the most amount of sense. I guess Job board web sites when I took the quiz and got it wrong so I know for sure that it isn't that one.

Answer:

1. c. Operating cash flow = 50,000

2. b. Net income=$115,000

Explanation:

1. The Cashflow for the year is calculated by adding the balances from the Financing, Investing and Operating Activities in the following manner;

Cash Flow for the year = Opening Balance + Operating Activities + Investing Activities + Financing Activities

Operating Activities = Cash Flow - Opening Balance - Investing Activities - Financing Activities

= 25,000 - 55,000 - (-250,000) - 170,000

= $50,000

2. Net Income is calculated from Operating Activities in the following manner;

Net Income = Operating Cashflow + Increase in Inventory - Increase in Accruals - Depreciation

= 50,000 + 100,000 - 25,000 - 10,000

= $115,000

Answer:

18

Explanation:

1.50x12=18

Maintaining a(n)positive attitude is a life skill that can help you be a productive and well-rounded person.

Having a positive attitude means being optimistic about situations, interactions, and yourself. human beings with high quality attitudes continue to be hopeful and notice the great even in difficult conditions.

For instance, wonderful attitudes can consist of: it is searching for adversity in the attention and guffawing. Getting what you get, and not pitching in shape. Playing the surprising, even when it's no longer what you desired in the beginning.

“You could display a fine mindset through the words you use,” Sweeney stated. “become a 'sure' person and attempt new things to look the way you do. deliver a while and ask co-people how you can assist them out if you have a free second. Volunteer to take the lead on new assignments.

Learn more about attitudes here: https://brainly.com/question/25379849

#SPJ1

Purchase an existing bakery from a business that closed due to declining sales and try to revive it is most likely to yield a competitive advantage.

The term "competitive advantage" describes elements that enable a business to produce goods or services more effectively or at a lower cost than its rivals. When compared to its competitors in the market, these factors enable the producing unit to produce more sales or margins. Any benefit that gives a business an edge over rivals, enabling it to gain more clients and expand its market share, is referred to as a competitive advantage. Three main types of a competitive advantage exist: Having the ability to produce goods or render services at a lower price than rivals.

To know more about competitive advantage visit:

https://brainly.com/question/5647002

#SPJ4

Answer:

The primary goals of macroeconomic policy are to promote economic growth, maintain price stability, achieve full employment, and maintain a stable balance of payments.

Economic growth is measured by the increase in a country's GDP over time. The pandemic significantly affected economic growth, as many countries experienced sharp declines in GDP due to lockdowns and reduced economic activity. Governments responded by implementing fiscal and monetary policies to support businesses and individuals during the crisis, including stimulus packages and low interest rates.

Maintaining price stability may also prevent inflation and ensure the purchasing power of a currency. Inflation was a concern during the pandemic due to supply chain disruptions and increased demand for certain goods. Central banks adjusted monetary policies to address inflation, such as raising interest rates.

Achieving full employment is a key macroeconomic objective. It promotes social stability and reduces income inequality. The pandemic has caused job losses and increased unemployment rates in many countries. Governments have responded with job creation programs and other measures to support workers during the crisis.

Maintaining a stable balance of payments ensures that a country's international trade is sustainable. The pandemic has disrupted global trade and caused a decrease in international tourism, leading to a decline in foreign currency reserves. Governments have implemented policies to address these challenges, such as increasing exports and reducing imports.

Overall, the pandemic has significantly affected the macroeconomic objectives of governments worldwide. Policy adjustments address the challenges posed by the crisis and promote economic recovery.

Explanation:

The journal entry for declaring a $9,000 dividend to be paid in the coming month is:

Date                   Account Title                                      Debit          Credit

XX-XX-XXXX    Retained earnings                           $9,000

                          Dividends Payable                                               $9,000

The Retained earnings account will be debited to show that the account is decreasing. This is because dividends are taken from the retained earnings of a company.

The dividends payable account will be credited with $9,000 to show that the company now owes its shareholders $9,000. This will then be debited next month to show payment.

In conclusion, retained earnings are debited, and dividends payable are credited.

Find out more on dividends declared at https://brainly.com/question/25845157

#SPJ1

Answer:

a

It's the fastest way

Answer:

Option A.

That is the easiest and quickest way to delete the whole text

Answer:

B. Unearned Revenue and a credit to Service Revenue.

Explanation:

The adjusting entry is given below:

Unearned revenue $1,000

         To Service revenue $1,000

(Being service revenue is recorded)

Here unearned revenue is debited as it decreased the liabilities and credited the service revenue as it increased the revenue

Therefore the option b is correct

Answer: Negotiate the lowest annual percentage rate.

Explanation:

The options include:

a. Negotiate the longest maturity.

b. Negotiate the smallest payment.

c. Negotiate the lowest annual percentage rate.

d. Negotiate the smallest down payment

For Karen to shop for the lowest cost loan, it should be noted that the lowest annual percentage rate will be negotiated.

Negotiate the longest maturity, smallest payment and the smallest down payment doesn't determine the lowest cost loan.

Answer:

Qualified retirement plans give employers a tax break for the contributions they make for their employees. Those plans that allow employees to defer a portion of their salaries into the plan can also reduce employees' present income-tax liability by reducing taxable income.

Provides a way to accumulate substantial retirement income.

Those are some reasons, hope they helped!!

Explanation:

Answer:

Explanation:

Most benefits of sending a cover letter along with your resume include recruiters. My and Your resume is factual, are cover letter is personal. It demonstrates your interest. Show you've done your research. Give them a taste of who you are. These are the benefits of sending in your cover letter along with your resume.

A successful data-driven market segmentation program depends on the "use of transactional and event data", "a common definition of market segments", "and the development of a centralized CRM database" but it does not depend on "the rejection of tradiitional marketing research techniques".

The correct option to the given question is option a.

Traditional marketing research techniques, such as surveys, focus groups, and interviews, have long been used to gather insights about consumer behavior and preferences. While these techniques may have limitations, they still play a valuable role in understanding customer motivations and attitudes. Data-driven market segmentation programs can benefit from a combination of both traditional and data-driven research approaches. The use of transactional and event data is crucial for a data-driven market segmentation program. This type of data provides valuable information about customer behaviors, purchase patterns, and interactions with the business.

Having a common definition of market segments across all areas of the business ensures consistency and alignment in marketing efforts. This allows for targeted and personalized messaging that resonates with each segment. It also facilitates coordination between different departments, such as marketing, sales, and customer service, leading to a more cohesive and effective customer experience.

Finally, developing a centralized and accessible CRM database is essential for managing and analyzing customer data. It enables the integration of data from various sources, such as transactions, interactions, and demographic information, into a single platform. This centralized database provides a comprehensive view of customers, enabling more accurate segmentation and personalized marketing initiatives.

For more such questions on market segmentation , visit:

https://brainly.com/question/15357678

#SPJ8

In the given transaction, the following statements are correct which are:

Thus, the correct option is (A, D, F).

The amount owed to a business for products or services that have been delivered or utilized, but for which consumers have not yet made payment is known as accounts receivable, or AR. Accounts receivable are shown as a current asset on the balance sheet.

The accounts receivable turnover ratio or days sales outstanding can be used to assess a company's AR health.

A turnover ratio analysis can be performed to forecast when the AR will be received.

Here,

The journalized transaction are as follow:

Therefore, the correct option is "A, D, F".

To know more about the Accounts Receivable, visit:

https://brainly.com/question/32156363

#SPJ12

This is an incomplete question, the complete question is:

On Jan. 20, ABC Co. received $98 in full payment of a $100 customer account. (The customer took advantage of a 2% discount for early payment.) Show how to journalize the transaction into the cash receipts journal by selecting all of the correct actions below. (Check all that apply.)

A. $2 is entered into the Sales Disc. Dr. column.

B. $100 is entered in the Cash Dr. column.

C. The customer's name is entered into the Account Credited column.

D. $100 is entered into the Accounts Receivable Cr. column.

E. $100 is entered into the Sale Cr. column.

F. $98 is entered in the Cash Dr. column.

Based on the question above, the correct answer goes thus:

In conclusion,we can conclude that a chart can show, Comparison, Distribution, Composition and Relationship.

Learn more about Chart here: https://brainly.com/question/14323743

Answer:

Segmentation, targeting, positioning in the Marketing strategy of Vaseline – Vaseline Petroleum Jelly targets the families particularly the ones that have children. Demographics for the brand include 18-60 years old Female preferably with children, Single females who are career driven and are always on the go.

According to the marketing idea and philosophy, a company should make an effort to achieve both its objectives and the demands and requirements of its clients. Meeting client demands and wants is also the greatest strategy to achieve organizational goals.

The process of developing, communicating, and delivering goods to consumers in order to meet their needs and desires is referred to as marketing. Finding and meeting these demands is the goal of marketing philosophy. Depending on their needs, every firm employs a distinct marketing philosophy.

In order to keep the business profitable, we must completely focus on the demands of the consumer, according to the definition of marketing philosophy. Everything unrelated to the intended audience will be pushed to the side.

Learn more about marketing here:

https://brainly.com/question/13414268

#SPJ1

Answer:

A strategy describes how the ends (goals) will be achieved by the means (resources). Strategy can be intended or can emerge as a pattern of activity as the organization adapts to its environment or competes. It involves activities such as strategic planning and strategic thinking.

Answer:

In business, a strategy refers to a plan of action designed to achieve a specific goal or set of goals. It is a way of thinking about and approaching a problem or challenge in order to reach a desired outcome.

Who and how does it become implemented?

Strategies can be developed at various levels within a business, including at the corporate level (overall business strategy), at the business unit level (strategies for specific products or markets), and at the functional level (strategies for specific departments or functions within the organization).

Effective business strategies take into account the internal and external factors that can impact the organization, including its resources, capabilities, and the competitive environment. They also consider the long-term direction of the business and how it will differentiate itself from competitors in order to achieve a competitive advantage.

Types of business strategies:

There are many different types of business strategies that organizations can use, including growth strategies, cost leadership strategies, differentiation strategies, and focused strategies. Each type of strategy involves a different approach to achieving competitive advantage and can be more or less suitable for different organizations depending on their specific goals and circumstances.

The statement ''A misconception is a misunderstanding.'' is True. A misconception refers to a misunderstanding or a mistaken belief about something.

It is a cognitive error where an individual holds an incorrect understanding of a particular concept, idea, or situation. Misconceptions can arise due to various factors such as incomplete information, misinterpretation of information, cultural influences, biases, or a lack of critical thinking. Misconceptions can be found in various domains, including science, history, language, and everyday life. They can persist even in the presence of contradictory evidence or when confronted with accurate information. Correcting misconceptions is important as they can lead to flawed decision-making, misinformation spreading, and hinder personal and intellectual growth.

Addressing misconceptions requires effective communication, education, and the promotion of critical thinking skills. By challenging and correcting misconceptions, individuals can develop a more accurate understanding of the world around them, make informed judgments, and engage in meaningful discussions based on reliable information.

For more questions on misconception

https://brainly.com/question/17220434

#SPJ8

Resourcefulness is the trait that represents the ability to find solutions and achieve goals even with limited resources.

Resourcefulness is a valuable trait that empowers individuals to overcome limitations and achieve their goals even when faced with limited resources. It involves the ability to think creatively, adapt to changing circumstances and make the most of available assets.

Resourceful individuals are adept at finding innovative solutions, leveraging their existing resources efficiently and identifying alternative approaches when necessary. They possess a problem-solving mindset that allows them to navigate challenges and constraints effectively often leading to successful outcomes despite the scarcity of resources.

Read more about Resourcefulness

brainly.com/question/17251417

#SPJ1

Answer:

noun

1.

a book or other collection of financial accounts of a particular type.

"the total balance of the purchases ledger"

Similar:

book

account book

record book

register

registry

log

records

archives

books

balance sheet

financial statement

2.

a flat stone slab covering a grave.

Explanation:

Can you please answer this

https://brainly.com/question/17736683

Answer:

a book or other collection of financial accounts of a particular type.

Explanation:

i looked up the definition