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For 2015, Beatrice qualifies for the earned income credit. She has a daughter who is 7 years old. Her earned income and adjusted gross income for 2015 are $6200.
a) Calculate the amount of her 2015 earned income credit
b) Calculate the amount of Beatrice's 2015 earned income redit assuming her earned income for 2015 is $8500 and her adjusted gross income is $10,000.
Optimal Price. Last week, Discount Food Stores, Inc. reduced the average price on the 22 ounce size of Dishwashing Liquid by 1%. In response, sales jumped by 8%. Calculate the point price elasticity of demand for Dishwashing Liquid. Calculate the opt..
peter harris has been told that tech logistics plc is a fast growing company and he seeks your advice on whether or not
types of cost information need to be reported to support different managerial purposes and decisions. What types of cost information are reported to support managerial purposes and decisions?
journalizing the transactions involving stock issues and purchases.garner corporation is authorized to issue 1000000
Guilbault Midwifery’s cost formula for its wages and salaries is $2,340 per month plus $154 per birth. For the months of June, the company planned for activity of 115 births, but the actual level of activity was 112 births. The actual wages and salar..
Accompanying the bank statement was a credit memo for a short-term note collected by the bank for the company.
Prepare a schedule of Net Cash Flow by month for the six month period beginning in March, using the template provided and the data above indicating the timing and amounts that must be borrowed or the amounts that can be re-invested or used in the ..
You are the payee teacher is the maker of promissory note: What are your proceeds, discount rate and discount period?
A company had been selling its product for $32 per unit, but recently lowered the selling price to $21 per unit. The company's current inventory consists of 230 units purchased at $28 per unit. The market value of this inventory is currently $ $19 pe..
Does the operating activities of the company's most recent statement of cash flows include cash flows from revenues that were accrued at the end of the most recent reporting period? Which of the companies balance sheet accounts represents expenses th..
Discuss how legitimacy is managed through reporting by the two companies (in Item 3 above) from the perspectives of Stakeholder Theory and Legitimacy Theory
Foyert Corp requires a minimum $30,000 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $3..
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