The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.
Debit Credit
Prepaid Insurance $ 3,600
Supplies 2,800
Equipment 25,000
Accumulated Depreciation—Equipment $ 8,400
Notes Payable 20,000
Unearned Rent Revenue 9,300
Rent Revenue 60,000
Interest Expense –0–
Salaries and Wages Expense 14,000
An analysis of the accounts shows the following.
1. The equipment depreciates $250 per month.
2. One-third of the unearned rent was recognized as revenue during the Quarter.
3. Interest of $500 is accrued on the notes payable.
4. Supplies on hand total $850.
5. Insurance expires at the rate of $300 per month.
Instructions
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense.

For Benita's 2021 return, the most favorable filing status is married filing jointly.

When only one spouse makes a living or has the largest income, filing jointly with your spouse is frequently the best option.

If both couples earn incomes that are substantial and unequally distributed, however, you may be better off filing separately.

Married Filing Jointly: What Is It?

Married couples can file their taxes together by choosing the filing status known as married filing jointly. A married couple can report their individual incomes, deductions, credits, and exemptions on the same tax return while filing their taxes as a married couple.

Filing Separately vs. Jointly by Married People

Your combined total tax obligation is frequently lower when you file as married filing jointly than it would be if you and your spouse had each filed separately. Couples are enticed to file jointly by the Internal Revenue Service (IRS) by a number of tax benefits that don't apply to other filing statuses.

Learn more about married filing here:

https://brainly.com/question/24535935

#SPJ13

True. You should consider the interest threshold while selecting a savings account.

Interest thresholds are the maximum amount that you can keep in your savings account, also referred to as the threshold limit. This means that it is important to choose an account that holds the threshold at an amount that is convenient and suitable to your needs.

The other criteria that need to be taken into account while choosing a savings account are:

Simple financial transactions are one benefit of a savings account, as well as interest payments, ATM and debit card services, chequebook and passbook services, net banking and mobile banking, and a minimum average balance.

Learn more about a savings account here: https://brainly.com/question/4089097

The decision would be to reject the null hypothesis. The value of the p value is seen to be less than that of the significance

The hypothesis is

H0: u ≥ 8

h1 : U < 8

a. find the critical value

degree of freedom = 18 - 1

= 17

t critical = -1.333

the decision rule is that if t ≥ -1.333, then you have to reject the null hypothesis. If it is the other way , you have to fail to reject the null hypothesis.

Using minitab, the test statistic for the test is given as -1.41, while the p value is given as 0.088. The test result from the Minitab output is added as an attachment to the question.

c. The decision would be to reject the null hypothesis. This is due to the fact that the p value is less than the level of significance that was stated at 10 percent.

Read more on statistics here:

https://brainly.com/question/15980493

#SPJ1

It can handle as per three main steps to creating diversity plans, Assessment of diversity, Development of the diversity plan and Implementation of the plan.

Here are our four suggestions for luring the top applicants:

1) First, develop a strong employee value proposition (EVP).

2) Ensure that any chances for advancement or development are advertised.

3. Make sure your staff are promoting you because they are your best brand ambassadors.

4) Promote the principles of your company.

To know more about recruiting strategy refer to:

https://brainly.com/question/15561608

#SPJ13

The monetary policy as a sequence focused on banks having more reserves it does not happen in a sequence when the increasing reserves doesn't lower the interest rates.

A Monetary Policy is a type of policy adopted by a monetary authority of a nation to control the interest rates to be paid for very short-term borrowings in an attempt to reduce inflation or the interest rates and to ensure the price stability and value of a nation's currency.

Monetary Policy is a type of modification for the supply of money or decreasing money supply .The Monetary policy contributes to the stability of the Gross Domestic Product. Monetary Policy is often associated with the interest rate and credit available.

Liquidity Trap refers to a situation in which the increase in the money supply does not increase the interest rates income and hence does not stimulate economic growth. Liquidity trap is an extreme effect of monetary policy.

To know more about Liquidity Trap and Monetary Policy, visit

https://brainly.com/question/22936911

#SPJ4

$7200, is the maximum amount they may be eligible to receive for the Child Tax Credit and the credit for other dependents. Thus, option (d) is correct.

What is tax?

The term tax refers to the government charge the extra money for goods and services. The tax is also called as financial charge. The amount of tax are collect to government account as spent on public welfare.

Determine the child tax credit are:

Maximum amount for child tax credit = 3600 per child in 2021 year

Maximum child tax credit = 3600×2=$7200.

As a result, $7200, the maximum amount they may be eligible to receive for the Child Tax Credit. Therefore, option (d) is correct.

Learn more about on tax, here:

https://brainly.com/question/16423331

#SPJ1

Since Wyatt's divorce was finalized on September 30, and Wyatt has not remarried and Wyat is his qualifying child, his most advantageous filing status is: D. head of household.

Taxation can be defined as the involuntary fees that are levied on individuals or business firms by the government of a particular country, so as to generate revenues that can be used to fund public projects, institutions and activities.

According to the Internal Revenue Service (IRS) of the United States of America, there are five (5) main filing statuses and these include the following:

In this scenario, the most beneficial filing status for Wyatt a citizen of the United States of America who is divorced but not remarried with a qualifying child is head of household because it is primarily for unmarried taxpayers with dependents.

Read more on head of household here: https://brainly.com/question/21747089

#SPJ1

Answer:

Explanation:

To calculate the break-even point in units use the formula: Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales dollars using the formula: Break-Even point (sales dollars) = Fixed Costs ÷ Contribution Margin.

If, as a manager, you were to give the sales staff and including the authority to decide whether to issue refunds or replace the merchandise, you would be using the technique of job enrichment.

Job enrichment refers to the process of adding motivators to the existing roles in order to increase the satisfaction and productivity for the employee. Thus, this is done through increasing the skill, autonomy, and task variety, by also providing feedback.

So, if as a manager, you are given the opportunity to decide whether to issue refunds or replace the merchandise, you would be using the technique of job enrichment. As, this technique aims to reduce boredom due to monotonous and repetitive tasks.

Hence, job enrichment is a technique used to motivate employees.

To learn more about job enrichment here:

https://brainly.com/question/13565272

#SPJ1

Laila can sue Noor in a federal court due to federal question jurisdiction. A court having original, appellate, and advisory jurisdiction was formed in India in 1937 as per the terms of the Government of India Act 1935.

It operated up until 1950, when the Supreme Court of India was established. Despite the fact that Delhi served as the Federal Court's headquarters, a separate Pakistani Federal Court was founded in Karachi following India's partition. The Federal Court of India has the option of appealing to the jurisdiction Committee of the Privy Council in London. Any legal conflict involving the Central Government and the Provinces fell within the exclusive original jurisdiction of the Federal Court.

To learn more about Federal Court, click here.

https://brainly.com/question/1384353

#SPJ1

The stock is worth $35 if the investors require 11 percent return.

A dividend may be regarded as a payment that is made from a company's profits. Companies have the option to regularly reward their shareholders by disbursing dividends, which are often made in cash but occasionally in shares. Companies frequently decide to start paying dividends when their profits are regularly higher than what management can profitably reinvest in the company.

Three different types of dividends are frequently paid by businesses:

To solve the question :

P = D × (1 + g) / (R – g)

Price of stock as of today :

P = D (1 + g) / (R – g) = $2 (1+0.05) / (0.11 – 0.05)

= $35

To know more about, dividends, visit :

https://brainly.com/question/28908408

#SPJ4

Simple interest = $904.88

R =9.25%.

Time=3.5.

Thus to get the amount borrowed it will be;

P= Simple interest÷ (Rate × Time).

P=$904.88÷(9.25%×3.5).

So, P = 2794.994

Therefore,The money borrowed is; $ 2794.994

What is Simple Interest?

Simple interest can be calculated by multiplying the principal by the time, rate, and time period. "Simple Interest = Principal x Interest Rate x Time" is the formula. The simplest formula for calculating interest is this one.

To know more about Simple Interest

https://brainly.com/question/20690803

#SPJ9

1a) The plantwide overhead rate for Precision Manufacturing Inc. is $3.13 per direct labor dollar.

1b) The unit product cost for each product using the plantwide overhead rate is as follows:

                              EX300       TX500

Unit Costs             $14.37        $27.05

2a) The activity rates are as follows:

Machine (Machine hours            $1.30

Set up (Setup hours)                   $400

Product-level (No. of products $50,125

General factor (DL dollars)         $0.37

2b) The unit product cost for each product using the activity rates is as follows:

                              EX300        TX500

Unit Costs             $12.13          $37.77

3) The conventional and activity-based costing assignments differ because of the different cost driver bases used in allocating overhead.

Whereas the conventional costing method uses a single cost driver to allocate overheads to products, the activity-based costing technique employs multiple activity cost drivers.

PMI Products                                 EX300            TX500          Total

Direct materials                          $366,325      $162,550       $528,875

Direct labor costs                       $120,000       $42,500        $162,500

Overhead allocated:

Plantwide rate                           $375,600      $133,025 ($42,500 x $3.13)

Total Cost                                  $861,925      $338,075      $1,196,700

Annual production units              60,000          12,500

Unit Costs                                    $14.365       $27.046 ($338,075/12,500)

PMI Products                                 EX300            TX500          Total

Direct materials                          $366,325      $162,550       $528,875

Direct labor costs                       $120,000       $42,500        $162,500

Overhead allocated:

Activity-based costing rate          241,525      $267,100       $508,625    

Total Cost                                   $727,850     $472,150

Annual production units               60,000         12,500

Unit Costs                                      $12.131        $37.772 ($472,150/12,500)

Plantwide overhead rate = $3.13 ($508,625/$162,500)

Machine (Machine hours       $1.30 ($198,250/152,500)

Set up (Setup hours)                 $400 ($150,000/375)

Product-level (No. of products $50,125 ($100,250/2)

General factor (DL dollars)         $0.37 ($60,125/$162,500)

Activity Cost Pool and Measure      Rate     EX300        TX500

Machine (Machine hours                $1.30   $117,000     $81,250 ($1.3 x 62,500)

Set up (Setup hours)                      $400     30,000     120,000 ($400 x 300)

Product-level (No. of products) $50,125     50,125        50,125 ($50,125 x 1)

General factor (DL dollars)            $0.37    44,400         15,725 ($0.37 x $42,500)

Total allocated overhead costs             $241,525    $267,100

Learn more about activity-based costing at https://brainly.com/question/14907462

#SPJ1

Activity cost pools                 Manufacturing    EX300      TX500        Total

(and activity measures)             Overhead

Machine (Machine hours         $198,250        90,000     62,500     152,500

Set up (Setup hours)                  150,000               75           300             375

Product-level (No. of products  100,250                 1                 1                 2

General factor (DL dollars)          60,125    $120,000   $42,500   $162,500

Total                                        $508,625

Raisin growers, milk producers, and pork processors are examples of companies that have jointly supported promotional campaigns designed to build primary demand for their products. They have engaged in positive sum

Generally, When resources are expanded in some way and a method is developed in which the wants and requirements of all parties involved are fulfilled, there will be a positive sum.

This will occur when there is a positive sum. One illustration of this would be the situation in which two different parties benefit monetarily by their participation in a competition, regardless of which one wins.

The concept of a "negative-sum game" refers to a set of circumstances in which the overall sum of wins and losses is negative rather than zero, and the only option for one party to preserve the status quo is to take something away from the other side.

Read more about positive sum

https://brainly.com/question/12634360

#SPJ1

Tigerstan has higher GDP of $3000

The most widely used indicator of an economy's size is its gross domestic product (GDP). The standard measurement of the value added produced via the production of goods and services in a nation over a specific time period is the gross domestic product (GDP). As a result, it accounts for the revenue generated by that manufacturing, or the total amount spent on finished goods and services (fewer imports).

Formula for GDP per capita = GDP/ population

GDP per capita of Pandastan = 5000000000/2000000 = $2500

GDP per capita of Tigerstan = 3000000000/1000000 = $3000

Hence, Tigerstan has hogher GDP of $3000

To learn more about GDP, visit:

https://brainly.com/question/15682765

#SPJ4

The value of the next-best option when a choice is made is known as the opportunity cost, according to Andrea Caceres-Santamaria, senior economic education specialist at the St.

To Learn more About opportunity cost refer to:

https://brainly.com/question/1549591

#SPJ4

The Plan-Do-Check-Adjust, or the PDCA, problem-solving technique is useful when there is an improvement in a new project or implementation of a change.

A PDCA technique can be referred to or considered as the management process under which a manager develops a plan, acts according to the plan, checks the results or outcomes of the act, and finally makes the required adjustments in the plan in order to achieve organizational goals.

Therefore, the significance regarding the PDCA technique has been aforementioned.

Learn more about the PDCA technique here:

https://brainly.com/question/13262573

#SPJ1

Introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called test marketing.

Test marketing is described as the process of marketing methodology in which consumer responses to a product or service are tested. The testing is done by only releasing the products in the test markets before introducing the product or the service to the wider market base. It is important to mention that this method is an effective process to judge how customers perceive the product or the service and how the product performs.

When a new product is introduced in a final form to only a limited number of markets. It allows a producer to assess the performance of the product, and how the customers think about it. Such customer insights are valuable for the company.

It can be concluded that introducing a new product in its final form to a geographically limited market to see how well the product sells and to get reactions from potential users is called test marketing.

To know more about, test marketing, check this link:

https://brainly.com/question/7200804

#SPJ4

Globalization out of the following business trends affects HR management. The correct option is B.

Globalization has far-reaching implications for the practice of human resource management in general. Globalization, for some, increases demands to take the best, transferrable set of HRM practices that may expand globally. It is a force that affects individuals all across the planet.

Because of globalization, an organization's scale increases its chances of attracting the attention of people from all over the world. To that end, an increase in their current employees will come from all over the world, each with their own culture and habits.

Learn more about globalization here:

https://brainly.com/question/15283031

#SPJ1

Process performance monitoring is made possible by statistical process control (SPC) charts, which are basic graphical tools.

To Learn more about  SPC Charts refer to :

https://brainly.com/question/14267981

#SPJ4

Answer:

inventory maintenance

Explanation:

This ensures there is apt bookkeeping as well as checked stock.

The journal entry to record the "book-to-physical" adjustment for Home Hardware is as follows:

Debit Cost of goods sold $252

Credit Inventory $224

Credit Book-to-physical adjustment (inventory shortage) $28

The book-to-physical adjustment is the computed difference between the inventory amount in the general ledger and the dollar value of the physical inventory.

The difference arises from shortages due to either pilferage or unrecorded sales.

For instance, after purchasing 12 shovels on Jan. 24 without recording any sales thereafter, how come the inventory count yields 10 shovels only?

Jan. 1 Beginning inventory    30    $7     $210

Jan. 2 Sales                            -8    $8

Jan. 16 Sales                         -12    $8

Jan. 18 Purchases                   4    $7       $28

Jan. 19 Sales                         -12  $18

Jan. 24 Purchases                 12   $7       $84 $322

Jan. 31 Ending inventory      14

Inventory count                    10

Shortage/Unrecorded sales 4

Cost of goods sold $252 (46 - 10 x $7)

The cost of goods sold (recorded) = $224 ($7 x 32)

Cost of ending inventory = $70 (10 x $7)

Book-to-physical adjustment = $28 ($7 x 4)

Cost of goods sold $252

Inventory $224

Book-to-physical adjustment (shortage) $28

Learn more about book-to-physical adjustments at https://brainly.com/question/13327692

#SPJ1

answer is attached to this ☝️☝️☝️☝️

hope it helps you

Answer:

future value = $9596.50

Explanation:

FV = PV[1 + (i/12)]^12n

The annual dividend is $3.59.

Dividend = $96.52 × .0372 = $3.59

To know more about, dividends visit :

https://brainly.com/question/28392301

#SPJ4

In order to improve the causality of a study, all variables should be taken into account.

Causality is based on the assumption that the value of an interdependent variable is the cause of the value of a dependent variable.

To attain a reliable level of certainty of achievement, all variables must be considered. When one variable is deleted, the complete test is altered, and the dependability of the hypothesis is jeopardized.

According to the findings, an individual's entrepreneurial identity impacts whether they participate in primarily effective or causal action.

When the variables are taken into consideration, this is important for the study.

Learn more about caudality on:

https://brainly.com/question/25288454

#SPJ1

There are several ways to figure out if a behavior or action is wrong or right and some of them include:

The best way to know when an action or behavior is wrong is by looking at the consequences of the action or behavior. When a behavior hurts others who have done nothing to cause harm to others then it is most likely wrong. For instance, bullying a person with physical violence.

Another way to know a wrong action or behavior is looking at if it is unfair or unjust to certain people. For instance, if you see someone discriminating against a certain ethnicity then this behavior is wrong as it is unjust to that ethnicity.

We should also look at how our actions or behavior show respect to those around us. Respect is the hallmark of human society and if we are not respectful to others, this is wrong. We also need to respect authorities as well to avoid legally wrong actions and behavior.

Find out more on wrong actions at https://brainly.com/question/27818926

#SPJ1

Being in the 28% tax bracket the bond will provide an equivalent taxable yield of 8.68%. So, the appropriate answer choice is option (c).

The return required by a taxable bond to match the yield of an equivalent tax-exempt municipal bond is known as the tax-equivalent yield. In general, tax consequences are a challenging, significant, and frequently ignored component of any financial strategy. Investors might benefit from the tax-equivalent yield computation, especially those in higher tax brackets. The yield on a taxable bond that an investor would need to earn in order to match the return on a comparable tax-free municipal bond is known as the tax-equivalent yield.

Since municipal bonds typically have low expected returns, the true impact of investing in them to save on taxes is frequently difficult to fully quantify. The computation aids the investor in choosing between taxable and tax-free investments, like tax-free municipal bonds. This knowledge is essential since it might be challenging to match municipal bonds' tax-free benefit with other investments.

To know more about taxable bonds, visit :

https://brainly.com/question/18917324

#SPJ4

Statistical process control is a technique used by many companies to identify areas for improvement.

This is further explained below.

Generally, The use of statistical tools to monitor and regulate the quality of a manufacturing process is known as statistical process control or statistical quality control.

This helps to guarantee that the process functions effectively, therefore creating more items that correspond to the specifications while simultaneously reducing the amount of waste.

In conclusion, Statistical process control is a method that a lot of businesses utilize to figure out where they can make some changes for the better.

Read more about statistical process control

https://brainly.com/question/20892066

#SPJ1

Statistical process control is a technique used by many companies to identify areas for improvement.

What is companies?

Companies are legal entities that are legally registered in accordance with the Company Act. The companies are the main motive of the earning the profit. The companies are the making the profit to run the business.

The use of statistical methods to supervise and regulate the quality of a manufacturing process is referred to as statistical process control. The lower level of waste is a benefit in company of statistical process control. The comparison is made on a daily basis.

As  a result, the Statistical process control is a technique used by many companies to identify areas for improvement.

Learn more about on companies, here:

https://brainly.com/question/24630720

#SPJ1