Maureen Smith is a single individual. She claims one exemption of $4,050 for herself and claims a standard deduction of $6,350. Her salary for the year was $68,800. What is her taxable income? ?
A. $53,728
B. $58,400
C. $44,384
D. $43,800
E. $56,064
Answer: B
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On January 1, $362,400 of par value bonds with a carrying value of $388,000 is converted to 60,400 shares of $5 par value common stock. The entry to record the conversion of the bonds includes all of the following entries except:
A. Debit to Premium on Bonds Payable $25,600. B. Debit to Bonds Payable $362,400. C. Credit to Paid-In Capital in Excess of Par Value, Common Stock $86,000. D. Debit to Bonds Payable $388,000. E. Credit to Common Stock $302,000.
LG, a consumer electronics manufacturer, recently introduced a 55" Internet-capable, 3D OLED (Organic Light Emitting Diode) HDTV. As its marketing manager, you have used lifestyle analysis in the past, particularly the VALS system, to help you profile your customers. Which of the following VALS profiles would be the most likely target market for this product?
A. Survivors B. Innovators C. Experiencers D. Believers E. Achievers
Use the following information to prepare the schedule of cost of goods manufactured for Graffstone Company for the month ended June 30.Work in Process inventory, May 31 $12,600Work in Process inventory, June 3016,500Direct materials used during June21,000Direct labor used during June31,000Factory overhead:? Indirect material6,400 Indirect labor9,200 Factory rent12,000 Factory depreciation15,000 Factory utilities18,400
What will be an ideal response?
Which of the following is a disadvantage of retail storage with customer pickup?
A) Returnability is easier than other options given that pickup location can handle returns. B) Inventory cost is higher than all other options. C) Transportation cost is lower than all other options. D) Facilities and handling costs are lower than other options.