A firm decides to provide support services for its products for which its customers will pay extra. These services are not offer

Response:

True

Explanation:

Microsoft matrix and its competitors. There exist two methods to utilize the technology. Microsoft and its competitor may act concurrently. The equilibrium strategy can be derived through the payoff matrix. Both companies adopt a pure strategy. The pure strategy criteria include max-min and min-max. The max-min strategy signifies selecting the worst-case scenario from among the best outcomes, while min-max is about choosing the optimum outcome from all the worst ones.

Answer:

A frequent workflow mistake that may result in duplicate charges in QuickBooks Online is:

Creating duplicate transactions.

Explanation:

This typically happens due to a mix-up before entries are finalized. It can be performed by a manager or someone from the procurement team. Therefore, it’s crucial to have the accounts checked at two distinct intervals by different departments: accounting first, followed by finance. This ensures everything is accurate.

Answer:

a. HORIZONTAL METHOD

INCOME STATEMENT

Date    Income           $          -        Expenses         $       =    Net Income

1 Nov    -                   -                          -                    -                   -

b. adjustment

31 for each  rent           5,300                 -                      -                  5,300

Month

c. BALANCE SHEET AS OF 31 DEC

                Assets        =      Equity     +     Liabilities

+ bank $84,800                    -                   prepaid expenses +$84,800

Explanation:

At the point of 1 Nov, there were no transactions recorded in the income statement since the revenue has yet to be realized; only the balance sheet shows + bank $31800 and + income received in advance (a liability) $31800

Each month's rent amounts to $31800/ 6 months =$5300

18 months rent totals to 95400

The unearned amount by December would then equal: 18 months - 2 months earned

                                       = 95400- 10600

                                       =$84,800

Response:

For the year 2010

Degree of combined leverage equals 3.82

For the year 2011

Degree of combined leverage equals 4.11

Clarification:

The degree of combined leverage of the company is computed using the formula provided:

Degree of combined leverage = Contribution margin / EBT

Where

Contribution margin is calculated as:

Contribution margin = Sales - Variable Costs

EBT (Earnings before tax) is calculated as:

EBT = EBIT - Interest

Now, calculate accordingly using the formula:

For 2010:

Contribution margin: $700,000 - $406,000

= $294,000

EBT = $119,000 - $42,000

= $77,000

Degree of combined leverage: $294,000 / $77,000

= 3.82

For 2011:

Contribution margin: $760,000 - $448,000

= $312,000

EBT: $122,000 - $46,000

= $76,000

Degree of combined leverage: $312,000 / $76,000

= 4.11

Answer:

The Total Gross Income amounts to $41,210.

Explanation:

Continuation of the inquiry: Estimate Jamie Lee's ongoing tax obligation by filling out the form below. Utilize the standard deduction value from 2016 ($6,300) and personal exemption amount ($4,050). Every answer must provide a value for the task to be deemed complete. Enter "0" for any categories not used.

Solution:

Calculating Gross Income

Details Amount 

Salary                                        $37,800

($3,150 * 12 months) 

Interest Income from        $210 

Savings Accounts 

($160+$50) 

Raffle Prize Winnings        $3,200 

Total Gross Income          $41,210