2. Vel Corporation had the following information on December 31, 2020:
- Assess = $350,000
- Liabilities = $100,000
- Stockholder's Equity:
Contributed Capital = $200,000
Retained Earnings = ?
On December 31, 2020, Vel Corporation's Retained Earnings is:
Group of answer choices
A) $250,000
B) $50,000
C) $150,000
D) Cannot be determined from the information.
In: Accounting
Examine the second plan to increase the current minimum wage of $8.70 by 2.1% per year.
Write a formula to model what the federal minimum wage, W, should be t years after 2020.
What would minimum wage be in 2025? Round to the nearest cent.
In what year will minimum wage be at least double the 2020 value?
In: Statistics and Probability
In 2020, Peterson Corporation incurred research costs as follows:
|
Materials and supplies |
$60,000 |
|
|
Personnel |
65,000 |
|
|
Indirect costs—allocated |
80,000 |
|
|
$205,000 |
These costs relate to a product that Peterson expects to market in
2021. It is estimated that these costs will be recouped by December
31, 2023. How much of these costs could be capitalized in 2020?
|
$205,000 |
|
$125,000 |
|
$80,000 |
|
$0 |
In: Accounting
Margarita, a single taxpayer, operates a sole proprietorship that reports $100,000 of qualified business income after deducting salaries of $300,000 in 2020. The sole proprietorship is not a specified service business. Assume her taxable income before the QBI deduction is $160,000. Margarita's QBI deduction for 2020 is:
a.$-0-.
b.$60,000.
c.$20,000.
d.$32,000.
In: Accounting
ABC receives 500000 dollar on december 31, 2019 when it issue a 10 year 6% mortgage note payable to finance the construction of a building. the terms provide for monthly installement paymenets.
prepare a journal entries required for the first 2 installment payment on january 31, 2020 and febuary 29, 2020. if the blended monthly payment is $4861.
In: Accounting
1- Identify the Epidemiological triangle, and explain the elements.
2- What are communicable diseases, give examples and explain the role of the nurse.
3- Describe Intrinsic and extrinsic factors for infectious agents, provide examples.
4- Explain the purpose of Healthy people 2020 and its benefits.
5- Why is Cardiovascular disease a targeted condition for Healthy People 2020?
In: Nursing
1- Identify the Epidemiological triangle, and explain the elements.
2- What are communicable diseases, give examples and explain the role of the nurse.
3- Describe Intrinsic and extrinsic factors for infectious agents, provide examples.
4- Explain the purpose of Healthy people 2020 and its benefits.
5- Why is Cardiovascular disease a targeted condition for Healthy People 2020?
In: Nursing
Based on your knowledge on income elasticity of demand, normal good and inferior good, discuss the demand for luxury cars and bread (khubs) before February 2020 and after February 2020. Given today’s economic situation, would you advice the government to build more luxury car manufacturing plants or build green houses to produce food?
In: Economics
Which of the following taxpayers may claim the standard mileage rate?
Kamila, a sole proprietor, drove her new automobile 3,199 miles for business in 2020. She kept a contemporaneous record of her mileage.
Merlin, a sole proprietor, drove his 2018 automobile 15,832 miles for his business in 2020. He has been using actual expenses since he put the vehicle into service.
Joyce is a volunteer at the American Red Cross in her community. She estimates she drove at least 2,000 miles during 2020 for her volunteer work.
Sally, a reserve member of the Armed Forces, moved 1,956 miles to be closer to her aging parents.
In: Accounting
QUESTION 2 The government of Ghana through the Minister of Finance presented the 2020 Budget statement to Parliament in November 2019.The Coronavirus Disease 2019 (COVID -19) pandemic that has hit the world has impacted on global economy including Ghana, thus affecting our macroeconomic targets in the budget statement presented in November 2019. The Minister of Finance presented a statement to Parliament on the economic impact of COVID – 19 pandemic on the economy of Ghana and the way forward at the end of March, 2020. Discuss five (5) key impact of the COVID-19 on the achievement of our fiscal policy targets for the year 2020 by comparing the original budget statement to the one presented after COVID- 19.
In: Accounting