During the year 2021, Geralyn Corporation, an S Corporation, Incurs the following transactions: Net Income From Operations - $104,000; Long-Term Capital Gain From Sale Of Securities - $10,000; Short-Term Capital Loss From Sale Of Securities - $3,000. Geralyn Corporation does not distribute any Dividends to its sole shareholder, Renella, during the year of 2021. As a result, Geralyn must recognize: a Ordinary Income of $104,000, Long-Term Capital Gain of $10,000 and Short-Term Capital Loss of $4,000. b Ordinary Income of $104,000, Long-Term Capital Gain of $10,000 and Short Term Capital Loss of $3,000. c Ordinary Income of $108,000. d Ordinary income of $104,000 and Long-Term Capital Gain of $5,000.
Answers
The correct answer is: a) Ordinary Income of $104,000, Long-Term Capital Gain of $10,000, and Short-Term Capital Loss of $4,000.
As an S Corporation, the income and losses of Geralyn Corporation pass through to its shareholders and are reported on their individual tax returns. In this case, the transactions incurred by Geralyn Corporation in 2021 include:
Net Income from Operations: $104,000 (reported as ordinary income).
Long-Term Capital Gain from Sale of Securities: $10,000 (reported as long-term capital gain).
Short-Term Capital Loss from Sale of Securities: $3,000 (reported as short-term capital loss).
Since Geralyn Corporation did not distribute any dividends to its sole shareholder, Renella, during the year, the income and losses are passed through to Renella without affecting the character or amount. Therefore, Renella must recognize the same amounts on her individual tax return:
Ordinary Income: $104,000
Long-Term Capital Gain: $10,000
Short-Term Capital Loss: $3,000
Hence, option a) is the correct answer.
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Related Questions
The economy of texas grew rapidly in the 1990s and was.
Answers
In the 1990s, the economy of Texas saw massive growth which was based on a diversified model.
Economy of Texas Quite diversified Major sectors range from energy production to mining and service production.A lot of the growth in Texan economy was seen in the 1990s and this led to more people moving to Texas and a heavy investment in the state. This led to Texas having the huge economy it has now.
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Outline TWO benefits of using the FIFO system for Mcdonald’s
Answers
There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;
What is FIFO?
FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.
Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.
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Give 2 advantages of a corporation?
Answers
2 advantages of a business corporation include...
personal liability protectionbusiness security and perpetuityHope this helps!! Good luck with your work :))
Brainliest? I'm trying to rank up please UvU
Answer:
Limited Liability
In a corporation, the owners of the company are only liable for the amount of money which they have invested through purchasing shares. This means that if the company goes bankrupt and has no money left to pay back the creditors and lenders, the money invested by its shareholders into the company (by purchasing its shares) will be used to pay back the creditors and lenders. Hence, the shareholders will lose the amount invested. Creditors and lenders, however, have no claim on the personal properties and assets of the owners. This is what limited liability means: limited up to the extent of the amount invested.
Easy Availability of Capital
In a corporation form of business organization, it is relatively easy to raise huge sums of capital through the public. Since the total money a company wishes to raise is divided into thousands and lakhs of shares, the price of each share comes out to be very small. A small price allows a number of people to purchase the shares of the company. Hence, it becomes easy to raise a big amount for a corporation by dividing it into smaller units.
Explanation:
Please mark Brainliest, it really helps.
why is foreign employment important ?
Answers
Answer:
Foreign employment can be important for a number of reasons, including:
Economic growth: Foreign employment can bring in significant amounts of foreign currency to a country, which can help to boost the economy.
Poverty reduction: Foreign employment can provide individuals and families with higher wages than they would be able to earn in their home country, which can help to reduce poverty.
Career development: Foreign employment can provide individuals with opportunities to gain new skills and experiences, which can help to improve their career prospects.
Cultural exchange: Foreign employment can also provide an opportunity for cultural exchange, which can help to promote understanding and tolerance between different countries and cultures.
Remittances: Foreign workers often send money back to their home country, known as remittances, which can be a major source of income for families and communities.
Human Development: Foreign employment can provide individuals with better access to education, healthcare, housing and other essential services, which can improve their overall quality of life and human development.
All in all, Foreign employment can have a positive impact on the economy and society by providing people with better living conditions, opportunities and increasing the GDP.
Answer:
Explanation:
Here are three primary reasons why foreign employment is beneficial for your business.
1.More innovation
A foreigner, being from a different country and culture will bring new ideas and ways to challenges. These insights can be used to enhance processes and systems.
Availability to global markets
2.Access to global markets
Numerous firms leverage the links their overseas employees have to their native nations. Consider a corporation with a German employee that desires to explore the German or European market. The employer is in an ideal position to request insight or even contacts from the German employee in order to create partnerships in Germany.
3.Better fulfilling working atmosphere
Most individuals like learning from their peers. Foreign workers have so much to give their coworkers in this aspect. Not only from a financial standpoint, but also from a personal and cultural standpoint. This makes the workplace more engaging and rewarding for every employee.
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jay and amile go trick-or treating. initially, jay gets skittles and amile gets a kit-kat. neither of them has to pay anything for this candy. their valuation of each good is given in the table below. they decide to trade. what is the new total economic surplus?
Answers
The trade has created additional value and increased the overall economic surplus.
To calculate the new total economic surplus, we need to first determine the individual surpluses of Jay and Amile before the trade.
Jay's surplus = Valuation of Skittles - 0 (since he didn't have to pay for it) = $4 Amile's surplus = Valuation of Kit-Kat - 0 (since he didn't have to pay for it) = $3 Before the trade, the total economic surplus is $7 ($4 + $3). After the trade, Jay and Amile will both have a higher surplus if they trade the candy they received. Jay values Kit-Kats at $6 and Amile values Skittles at $5, so they both stand to gain from the trade.
New surplus for Jay = Valuation of Kit-Kat (after trade) - Valuation of Skittles (before trade) = $6 - $4 = $2 New surplus for Amile = Valuation of Skittles (after trade) - Valuation of Kit-Kat (before trade) = $5 - $3 = $2 The new total economic surplus is $8 ($2 + $2 + $4), which is higher than the initial total economic surplus of $7. So the trade has created additional value and increased the overall economic surplus.
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why indigenous technologies are better than modern technology
Answers
Answer:
Indigenous technologies are better than modern technology because of the following reasons ;
1) It creates new employment opportunities .
2) It is much cheaper than imported technology.
3) It helps in the technological progress of developing countries which brings economic growth in nation .
4) It leads to greater encouragement for focused research.
5) It is affordable , sustainable band environment friendly.
Mel prints 1200 leaflets to advertise her new business.
The cost is £250 + 20% VAT. What is the cost of 1 leaflet
Answers
Answer:
$0.25
Explanation:
The cost of 1200 leaflets is $250 plus 20% VAT
the VAT charges is
=20% of $250
=20/100 x 250
=0.2 x 250
=$50
The total cost of 1200 leaflets
= $250 + $50
=$300
1200 leaflets cost , $300
one leaflet will cost
=$300/$1200
=$0.25
Parent corporation owns all of subsidiary corporations stock in addition parent corporation owns $100,000 of subsidiary corporation's bonds. When subsidiary corporation is completely liquidated
Answers
Answer:
In this case, when the subsidiary corporation is completely liquidated they have to pay the $100,000 in the subsidiary corporation's bonds.
Explanation:
The reason behind this answer is that in case the subsidiary corporations decide to liquidate all of their assets in any case. They still have a debt to the parent corporation of $100,000. So, after they liquidate they have to take some of the money to pay the debt issued of those bonds. No matter what, or the parent company can write a lawsuit against them for not doing so.
Case Study Up selling and Cross selling
"But I don't want to sell anything—that's not why I became a CSR!" exclaimed Hillary. Hillary was reacting to a recent service department meeting, where her manager told CSRs that they were to begin up selling and cross selling products as a part of taking phone orders starting next week. As an incentive, the top two CSRs in product sales will get a $150 gift certificate to a first-class restaurant in town and be recognized in the monthly newsletter. Unfortunately, it appears that Hillary is not the only CSR who is upset.
1- For this case, brainstorm a multi-step strategy to promote this new sales approach with CSRs. You will need to be detailed in your strategy.
2-Evaluate also the manner in which Hillary's organization announced this added responsibility.
Answers
A multi-step strategy to promote this new sales approach with CSRs would be Educate CSRs, Provide CSRs with a clear understanding, Offer incentives to encourage CSRs, Integrate the new sales approach into the CSR’s performance metrics, Foster a positive and collaborative work environment.
Step 1: Educate CSRs about the benefits of up selling and cross selling. This can be done through a training session that explains how this new approach will increase revenue for the company and lead to better customer satisfaction.
Step 2: Provide CSRs with a clear understanding of the products being offered for up selling and cross selling. Provide them with a brochure or a list of products and explain the benefits of each.
Step 3: Offer incentives to encourage CSRs to embrace the new sales approach. In addition to the current incentive, offer additional bonuses or commissions based on sales performance.
Step 4: Integrate the new sales approach into the CSR’s performance metrics. Provide regular feedback to CSRs on their sales performance, along with coaching and support to help them improve.
Step 5: Foster a positive and collaborative work environment. Encourage team members to share best practices, successes, and challenges. Celebrate successes and recognize individual and team achievements.
Evaluation of the manner in which Hillary's organization announced this added responsibility:
It appears that the organization did not adequately prepare CSRs for this new sales approach. The announcement was made in a service department meeting, without any prior communication or training. This lack of preparation has resulted in resistance and reluctance from many CSRs.
The organization should have taken a more proactive and collaborative approach to introduce this new initiative. This could have included communicating the benefits of up selling and cross selling, and providing training and support to help CSRs feel more comfortable with the new approach.
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Baskin's pretax accounting income in 20X2 is $100,000. Baskin receives cash rental payments in advance for $20,000 in 20X1 and $30,000 in 20X2, which are taxed in the year of receipt. It is expected the rent will be recognized for financial reporting purposes as $25,000 in 20X3 and $25,000 in 20X4. The income tax rate is 40%. What is the amount in the deferred tax asset account at the end of 20X3?
a.) $20,000
b.) $8,000
c.) $12,000
d.) $10,000
Can you show me how to do this with a t- account?
Answers
The amount in the deferred tax asset account at the end of 20X3 is $10,000.
So the correct answer is D.
How to determine the deferred tax assetTo calculate the deferred tax asset at the end of 20X3, we first need to determine the temporary difference between the taxable income and the accounting income for rent received in advance.
Here's how to do it with a T-account:
In 20X1:
Taxable income (cash basis): $20,000
Accounting income (accrual basis): $0
Temporary difference: $20,000
In 20X2:
Taxable income (cash basis): $30,000
Accounting income (accrual basis): $0
Temporary difference: $30,000
In 20X3:
Taxable income (cash basis): $0
Accounting income (accrual basis): $25,000
Temporary difference: -$25,000
Total temporary difference at the end of 20X3: $20,000 + $30,000 - $25,000 = $25,000
Now, we need to calculate the deferred tax asset by multiplying the total temporary difference by the income tax rate:
Deferred tax asset = Total temporary difference × Income tax rate
Deferred tax asset = $25,000 × 40%
Deferred tax asset = $10,000
So the amount in the deferred tax asset is $10,000 (option d).
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Social Security and Medicare taxes are two types of
taxes.
O A. employment
O B. sales
O C. property
D. income
Answers
Answer:
Income taxes
Explanation:
Those are two type of income taxes and i know this because my grandma gets those lololol..no joke though
Suppose that the slope of a line tangent to the total cost curve at point X is steeper than the slope of a line tangent to the total benefit curve at point X, then: net benefit is maximized. net benefit would be increased by reducing the amount of the activity. net benefit would be decreased by reducing the amount of the activity. net benefit would be increased by increasing the amount of the activity.
Answers
If the slope of a line tangent to the total cost curve at point X is steeper than the slope of a line tangent to the total benefit curve at point X, then net benefit would be **decreased by reducing the amount of the activity**.
The slopes of the tangent lines represent the marginal cost and marginal benefit at that point. If the slope of the total cost curve is steeper than the slope of the total benefit curve, it indicates that the cost of producing an additional unit of the activity is increasing at a faster rate than the benefit derived from it.
In this scenario, reducing the amount of the activity would decrease the costs associated with it. Since the cost is increasing at a higher rate than the benefit, reducing the activity would result in a decrease in the net benefit. Thus, net benefit would be decreased by reducing the amount of the activity.
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A major cause of the ___ that broke in 1873 was the expansion of more factories, railroads, and mines than existing markets would bear.
Answers
A major cause of the panic that broke in 1873 was the expansion of more factories, railroads, and mines than existing markets would bear.
The expansion of these industries was fuelled by a wave of speculation and investment, but the problem was that there was limited demand for the goods and services they produced. As a result, many of these businesses went bankrupt, leading to a chain reaction of failures and layoffs.
This, in turn, caused a contraction of the money supply and credit, making it harder for businesses and consumers to borrow money and causing prices to fall.
The expansion of these industries also led to overproduction, which created a glut of goods in the market and further decreased prices. This made it difficult for businesses to sell their products and led to a decrease in profits, which contributed to the wave of bankruptcies and layoffs.
The panic of 1873 was a major turning point in US history and served as a cautionary tale about the dangers of unchecked expansion. It showed the importance of balancing economic growth with stability and the need for regulations to prevent such crises from happening again in the future.
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jason's company has always emphasized that every employee is an important part of the company's success and does not highlight individual achievements. by emphasizing the group, jason's company will most likely
Answers
Every employee is a crucial component of Jason's company's success, and the organization does not emphasize individual accomplishments. By placing a strong emphasis on the group, Jason's business will probably deter staff from switching jobs.
How can you stop workers from quitting?Give your staff arduous tasks to do.
Show them that you care.
Provide a lot of commentary.
What is the most typical explanation for employees quitting a company?Lack of recognition, unclear direction, and a negative corporate culture are at the top of the list. Genuine relationships between managers and their staff are essential for high employee retention rates. They achieve this by regularly soliciting employee feedback and by upholding the principles of transparency and trust.
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Money you pay up front to reduce the amount you will owe is called a
A. fixed loan
B. late payment
C. down payment
D. short-term loan
Answers
Answer:
down payment
Explanation:
A down payment is money paid upfront in a financial transaction, such as the purchase of a home or car. Buyers often take out loans to finance the remainder of the purchase price.
Answer:
down payment
Explanation:
Write any five methods of getting information of foreign employment and discuss any one of them.
Answers
Answer:
May it will help you
Explanation:
1) Notice board
2) Book of introduction
3) Institutions work working under the ministry of labour
4) Authority of human resources
5) Manifestos of training institutions
6)Web site
7) Newspapers
8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.
They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.
9)Radio and television
Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.
Who is Foreign employment?
Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.
Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.
Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television
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ANSWER ASAP-- In one year, Corey earned $25,000 from his employer and a $300 capital gain from the sale of an investment. Corey doesn’t qualify for any deductions, but he can claim the lifetime learning credit.
Corey’s adjusted gross income is BLANK
and his total tax due will be (decreased or increased)
by the credit.
Answers
Answer:
Corey’s adjusted gross income is $25,300 and his total tax due will be decreased by the credit.
Explanation:
Add what Cory earned and his capital gain to make $25,300
Cory claimed the lifetime learning credit which decreases his total tax due
Which leadership style works best with groups whose members have a relatively equal status and who know each other well because they have worked together for an extended period
Answers
The leadership style that works best with groups whose members have a relatively equal status and know each other well is a democratic or participative leadership style.
A democratic or participative leadership style is characterized by involving group members in decision-making processes, considering their input, and fostering collaboration. This style is particularly effective in groups where members have a relatively equal status and a strong familiarity with each other due to extended periods of working together.
In such a context, group members likely possess valuable knowledge, expertise, and insights. A democratic leader recognizes and respects the collective expertise of the group, encouraging open communication and active participation from all members. This leadership approach helps foster a sense of ownership, trust, and mutual respect among the group, leading to increased motivation, engagement, and commitment.
By involving group members in decision-making, a democratic leader taps into the collective intelligence and facilitates consensus-building, which is especially beneficial when working with a cohesive group that has a shared understanding and trust in each other's abilities.
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Identify each statement as either true or false. In the United States, banks keep the entire value of all customer deposits in the bank vault to meet customer withdrawals. Banks typically loan out a portion of customer deposits. Bank runs occur when many customers attempt to withdraw deposits from a bank at the same time and the bank is unable to pay all customer withdrawals. The Federal Deposit Insurance Corporation (FDIC) protects bank depositors from bank failure. The fractional reserve banking system requires all banks to keep the total value of customer deposits in their vaults to prevent bank runs.
Answers
Answer:
false
true
true
true
false
Explanation:
Fractional banking is a banking system where a portion of customer's deposits is kept as reserves while remaining portion is lent out. The amount kept as reserves is determined by the required reserve ratio set by the Central bank.
If the required reserve ratio is 10% and $100 is deposited, reserves would be $10 and $90 would be lent out
Fractional banking is practiced in the US
Bank run is when depositors withdraw their monies from the bank due to fear of the bank failing.
The Federal Deposit Insurance Corporation (FDIC) was established after the great depression. Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers. In the case a bank fails, customers are assured that they would not lose their monies deposited
what kind of pigouvian tax or subsidy could be used to correct the externality? a. tax of $3 b. subsidy of $3 c. subsidy of $2 d. tax of $2
Answers
The kind of Pigouvian subsidy that could be used to correct the externality is a subsidy of $3. Option B is correct.
A Pigouvian tax or subsidy is used to correct market failures caused by negative or positive externalities. In this case, a positive externality is present, and the government can use a Pigouvian subsidy to incentivize the consumption of the product, thus increasing the positive externality.
A subsidy of $3 would effectively reduce the price of the product, making it more affordable for consumers, and thus encouraging them to consume more of it, resulting in an increase in the positive externality. On the other hand, a tax of $2 or $3 would discourage the consumption of the product, resulting in a decrease in the positive externality.
Option B holds true.
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Which of the following statements would be considered pros of globalization?
Increased competition between countries
Increased immigration of unskilled workers
Increased public funding for education and immigration of those citizens with education
Increased consumption of wide variety of goods leading to increased production
Answers
Answer:
increased consumption of wide variety of goods leading to increased production.
Explanation:
im sorry if i get it wrong
Q09: Business Processes include which of the following? Workflow Controls Timing, Time Fences All choices Data Objectives
Answers
Business processes include workflow controls, timing, time fences, data objectives .Workflow Controls Timing, Time Fences All choices Data Objectives
Business processes refer to the systematic series of activities or steps that organizations undertake to achieve specific objectives. These processes encompass various elements, including workflow controls, which involve defining and managing the flow of tasks and information within the organization. Timing is crucial in business processes as it involves scheduling activities and ensuring they occur at the right time. Time fences are predetermined points in time that establish deadlines or limits for specific activities or decisions. Data objectives involve defining the desired outcomes and goals related to data management and utilization within the business processes.
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Briefly discuss the following with examples:
Risk Response
Risk Strategy
Risk Culture
Should the organization focus more on internal rather than external risks? Justify your answer briefly.
Answers
Risk Response refers to the actions taken by an organization to address or mitigate identified risks. It involves developing strategies and implementing measures to minimize the impact or likelihood of potential risks. Here are some examples of risk response:
1. Avoidance: This strategy involves eliminating the risk by not engaging in activities that could lead to it. For example, a company may choose not to enter a new market with high political instability to avoid potential risks associated with it. 2. Transfer: This strategy involves shifting the risk to another party, typically through insurance or contractual agreements. For instance, a business may transfer the risk of property damage to an insurance company. 3. Mitigation: This strategy focuses on reducing the impact or likelihood of a risk. For example, implementing fire safety measures in a building to reduce the risk of fire.
Risk Strategy refers to the overall approach and framework adopted by an organization to manage and respond to risks. It involves setting objectives, establishing policies, and allocating resources to effectively address risks. A risk strategy guides decision-making and ensures consistent risk management practices across the organization. Risk Culture refers to the shared values, beliefs, and attitudes within an organization regarding risk management. It encompasses the organization's risk appetite, awareness, and the extent to which risk management is embedded in its processes and decision-making.
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compute the degree of operating leverage (dol) for each company. (2) which company is expected to produce a greater percent increase in income from a 10% increase in sales?
Answers
Company A is expected to produce a greater percent increase in income from a 10% increase in sales. This is because Company A has a higher DOL, which means that a small increase in sales will result in a larger increase in operating income compared to Company B.
To compute the degree of operating leverage (DOL) for each company, we need to first calculate the contribution margin for each company. The contribution margin is calculated by subtracting the variable costs from the sales revenue. Let's assume that Company A has sales revenue of $1,000,000 and variable costs of $500,000. Therefore, the contribution margin for Company A is $500,000. Similarly, let's assume that Company B has sales revenue of $800,000 and variable costs of $400,000. Therefore, the contribution margin for Company B is $400,000.
Next, we need to calculate the fixed costs for each company. Let's assume that Company A has fixed costs of $200,000 and Company B has fixed costs of $100,000. Now, we can calculate the DOL for each company using the following formula:
DOL = Contribution Margin / Operating Income
Operating Income = Sales Revenue - Variable Costs - Fixed Costs
Using this formula, we can calculate the DOL for Company A as:
DOL (Company A) = $500,000 / ($1,000,000 - $500,000 - $200,000) = 1.67
Similarly, we can calculate the DOL for Company B as:
DOL (Company B) = $400,000 / ($800,000 - $400,000 - $100,000) = 1.33
Now, to determine which company is expected to produce a greater percent increase in income from a 10% increase in sales, we need to calculate the percentage increase in operating income for each company using the following formula:
Percentage Increase in Operating Income = DOL x Percentage Increase in Sales
Let's assume that both companies experience a 10% increase in sales. Therefore, the percentage increase in sales for both companies is 10%.
Using this information, we can calculate the expected percentage increase in operating income for Company A as:
Expected Percentage Increase in Operating Income (Company A) = 1.67 x 10% = 16.7%
Similarly, we can calculate the expected percentage increase in operating income for Company B as:
Expected Percentage Increase in Operating Income (Company B) = 1.33 x 10% = 13.3%
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Identify two of Tumi Manufacturers complies with the
Answers
Two of the laws that Tumi manufacturers comply with are
Labor lawsEnvironmental laws.What is corporate social responsibilityThis is the responsibility of an organization to the the area where they operate.
The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.
Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.
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By 2030, what will Elon Musk's, net worth will be?
Answers
On November 1, 2021, Taylor signed a one-year contract to provide handyman services on an as-needed basis to King Associates, with the contract to start immediately. King agreed to pay Taylor $5,880 for the one-year period. Taylor is confident that King will pay that amount, but payment is not scheduled to occur until 2022. Taylor should recognize revenue in 2021 in the amount of:_________
a. $0.
b. $640.
c. $1,920.
d. $3,840
Answers
We need to consider the revenue recognition principle. Taylor should recognize revenue in 2021 in the amount of $0.
To determine the revenue that Taylor should recognize in 2021, we need to consider the revenue recognition principle. According to the revenue recognition principle, revenue should be recognized when it is earned and when there is reasonable certainty of its collection.
In this scenario, Taylor signed a one-year contract with King Associates on November 1, 2021, to provide handyman services on an as-needed basis. The contract is set to start immediately, but payment is scheduled to occur in 2022. The agreed-upon payment for the one-year period is $5,880.
However, revenue should only be recognized when it is earned and there is reasonable certainty of its collection. In this case, although Taylor is confident that King will pay the agreed-upon amount, the payment is not scheduled to occur until 2022. Therefore, there is no reasonable certainty of collection in 2021.
According to the accrual accounting principle, revenue should be recognized when it is earned, which typically occurs when goods or services are delivered. In this scenario, Taylor has not yet provided any handyman services, as the contract is set to start immediately after signing on November 1, 2021.
Based on these considerations, Taylor should not recognize any revenue in 2021. The correct answer is option a. $0.
It's important to note that revenue recognition may vary depending on the specific circumstances and accounting standards applied. However, in this particular scenario, where the services have not been provided and there is no reasonable certainty of collection in 2021, recognizing revenue in that year would not be appropriate.
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consider the term marginal utility. which word is the best synonym for marginal?
Answers
Additional word is the best synonym for marginal utility.
Explain.
Utility in economics refers to the pleasure or advantage obtained from using a thing. A good or service's marginal utility quantifies how much consumers enjoy or are satisfied after increasing or decreasing their use by one unit. Three different kinds of marginal utility exist.The general rule in economics is that marginal utility equals total utility change divided by change in quantity of goods. The equation looks like this: Total utility difference / difference in the amount of commodities equals marginal utility.To know more about Utility here
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Manuel operates equipment that moves natural gas through pipelines. Manuel is a Gas Compressor. Pipefitter. Power Dispatcher. Surveyor.
Answers
Answer:
Gas Compressor Operator
Explanation:
A gas compressor operator works with steam or internal combustion engines to compress and transmit gases through pipelines.
He or she directs various control nodes and adjust valves in the compressor engines, pumps, and other related equipment. They monitor pressure, temperature gauges, and other safety components to ensure the safe passage of gases in the pipelines.
Answer:
A gas person
Explanation:
Which of the following is an example of an intergovernmental organization?
a. Bank of Africa
b. Mid Florida Bank
c. The World Bank
d. Royal Bank of Canada
Answers
Answer:
C the world bank
Explanation: