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During 2014, the Hills were employed by Hogwarts State University. Dr. Hill taught math and communications classes as an adjunct professor, and Mrs. Hill was employed as a campus librarian. Dr. Hill is highly educated—he holds a doctorate in communication. As he explained to you, individuals holding such terminal degrees bear a lifelong burden of “developing knowledge, finding knowledge, exploring, [and] essentially self-educating”. Dr. Hill is seeking a new tax preparer, doing some comparison shopping, and has come to you with the following unreimbursed employee business expenses: Home Internet expenses of $945 because the Internet access contributed to increasing his “general knowledge” and that Mrs. Hill was ill and required the use of the Internet to work from home. Cellular phone expenses of $2,288, they have copies of their statements showing the paid the expenses. Computer equipment expenses of $1,719 which Dr. Hill claims is necessary for their jobs as education and library professionals. Professional library consisting of books, CDs, and DVDs at a cost of $1,956 which according to Dr. Hill are expenses ordinary and necessary to their jobs because they must expand their “general knowledge”. DirecTV subscription expenses of $2,258.87 which was necessary to expand their general knowledge. Dr. Hill wants your opinion on these unreimbursed employee expenses to help him decide which tax preparer engage.
The sales mix (as a percent of total dollar sales) of its three product lines is: birthday candles 30%, standard tapered candles 50%, and large scented candles 20%. Illustrate w hat is the weighted-average contribution margin ratio?
How much money will there be in an account at the end of 7 years if ?$2000 is deposited at 5?% interest compounded quarterly question markquarterly? What is the amount at the end 7 years?
One element that is NOT part of the standard cost is. An adjusting entry to convert an asset to expense consists of
A chair manufacturer has two divisions: framing and upholstering. The framing costs are $200 per chair and the upholstering costs are $300 per chair. The company makes 10,000 chairs each year, which are sold for $600. What is the profit of each divis..
Explain how using the format account name/debit or credit/dollar amount and (2) explain how the Accounting Equation is impacted.
Brooks Corp. is a medium-sized corporation specializing in quarrying stone for building construction. The company has long dominated the market, at one time achieving a 70% market penetration. Prepare the appropriate adjusting entries for Brooks as o..
There were 14,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month?
Match the following terms with their definitions Vary in proportion to changes in activity levels Remain the same in total dollar amount as the level of activity changes Where a business's revenues exactly equal costs A specific activity range over w..
Pilot company has the following information available for 2012 and 2013: 2012 2013 property, plant and equipment $4,500,000 $3,600,000. If you were performing a trend analysis on this information, you would say the property, plant and equipment has?
This cost remains constant overall volume levels within the productive capacity for the planning period. This cost is combined amount of all the other costs.
Prepare a table of entities and activies. - Draw a context diagram - Draw a physical data flow diagram - Prepare an annotated table of entities and activities.
assume that you have $200,000 invested in a stock that is returning 14%, $300,000 invested in a stock that is returning 18%, and $400,000 invested in stock that is returning 15%. illustrate what is the expected return of your portfolio?
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