Business, 03.03.2020 18:28 puremousetail
Donald was killed in an accident while he was on the job in 2015. Darlene, Donald's wife, received several payments as a result on Donald's deaths. What is Darlene's gross income from the items listed below? a. Donald's employer paid Darlene and amount equal to Donald's 3 months' salary ($60,000) which is what the employer does for all widows and widowers of deceased employees. b. Donald had $20,000 in accrued salary that was paid to Darlene c. Donald's employer had provided Donald with group term life insurance of $480,000 (twice his annual salary), which was payable to his widow in a lump sum. Premiums on his policy totaling $12,500 had been included in Donald's gross income under 79 d. Donald had purchased a life insurance policy (premiums totaled $250,000) that paid $60,000 in the even of accidental death. The proceeds were payable to Darlene, who elected to receive installment payment as an annuity of $30,000 each year for a 25 year period. She received her first installment this year
Answers: 2
Business, 21.06.2019 15:40
There is a cost associated with each source of financing. discuss the cost of debt, preferred stock, common stock, and retained earnings in detail. which source of financing is typically less expensive? why? why do financial managers try to determine the optimal capital mix? be specific.
Answers: 1
Business, 22.06.2019 14:20
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
Business, 22.06.2019 15:20
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
Donald was killed in an accident while he was on the job in 2015. Darlene, Donald's wife, received s...
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