What are the important guidelines for Selecting a MARR?

Q: What are the responsibilities of an originator?

A: The originator's responsibilities are: Originator communicates with all borrowers of mortgage loans…

Q: Tipton Company purchases land for $560,000 with a note payable for the same amount. The company also…

A: 1. Journal Entries - Journal Entries are the primary record of the transaction entered into by the…

Q: A project has the following cash flow with a discount rate of 12%: Annual cash flows: Year 0 $ Year…

A: The payback period is used to calculate the time the project takes to recover its initial…

Q: How do adjustments and preferences affect AMTI?

A: AMTI refers to alternative minimum taxable income. The AMT was made effective and implemented with…

Q: How to choose a Benchmark?

A: Investors select a market index (or a mix of indices) as the portfolio's benchmark. An index…

Q: Brummel Company plans to develop a shopping center. In the first quarter, the following amounts were…

A: Cost of Land includes: Cost of contract price Legal fees Title search Insurance, and past due taxes…

Q: Angie Pereira and Ferro Schwartz are employees of Free Star, Inc. In February 2025, Angie's gross…

A: The correct answer is option - a credit to FICA- OASDI taxes payable for $1729.80

Q: Illustrate the Guidelines for Selecting a MARR?

A: It places a base gainfulness prerequisite on the discount rate, or MARR, which a venture or…

Q: Tipton Manufacturing has a machine that cost $125,000 when new and has accumulated depreciation of…

A: The question is based on the concept of Financial Accounting.

Q: A coal mine cost $1,006,000 and is estimated to hold 60,000 tons of coal. There is no residual…

A: The question is based on the concept of Depreciation Accounting.

Q: Cassie Company discards a piece of equipment that cost $120,000, has a life of 5 years, and no…

A: Accumulated Depreciation-Equipment at the end of the 5th year = $120,000 Original cost of the…

Q: Sales revenue for a sporting goods store amounted to $535,000 for the current period. All sales are…

A: The question is based on the concept of Financial Accounting.

Q: On January 1 of the current year, Talbert Services received $36,000 in advance of performing the…

A: Journal entry to record the advance receipt for the performance of services in future is recorded in…

Q: R150 000 is invested at a compound interest rate that is compounded quarterly. After 6 years the…

A: An annuity is a financial product or investment contract that provides a series of regular payments…

Q: Lawrence, an employee of Light, Inc., has gross salary for March of $4,000. The entire amount is…

A: FICA taxes payable are liabilities that arise on gross salary. Payroll Tax Expense is an expense for…

Q: Oliver Company has acquired a used piece of equipment for $10,000 and paid transportation costs of…

A: When a PPE(Plant property and Equipment) is purchased, Its value is recorded at the cost which is…

Q: Hawthorn Company purchased a piece of equipment for $35,000 and has accumulated depreciation of…

A: Accumulated Depreciation Equipment has been accumulated for $30,000. Original cost = $35,000

Q: Jackson Company pays the collected sales tax of $700 to the state. The journal entry would be: O…

A: Collected sale tax = 700 For collection journal entry will be Cash a/c Dr…

Q: Dan Jones and Pat Smith are two employees of Lone Star, Inc. In January 2025, Dan's gross pay was…

A: Salaries Expense is an expense for the business that has been increased. FICA Medicare Taxes…

Q: Keith, an employee of Sunbeam, Inc., has gross salary for May of $10,000. The entire amount is under…

A: The correct answer is option - credit to cash for $7135.00

Q: On October 1, 2025, Bella, Inc. took out a cash loan for $50,000 by signing a six-month, 8% note…

A: Loan has been taken out in cash. So cash (asset) has increased. Loan is a liability that has…

Q: where is the evaluate?

A: There are different type of the evidences that needs to be obtained in order to provide the evidence…

Q: The cost of an asset is $1,150,000, and its residual value is $210,000. Estimated useful life of the…

A: There are a few advantages to employing the double declining balance technique of depreciation. One…

Q: On November 1, 2025, Ashton, Inc. purchased merchandise inventory for $30,000 by signing a note…

A: Note Payables = 30000 Maturity period = 6 Months Interest Rate = 2% Interest = 30000*2%*6/12 = 300…

Q: On January 1, 2024, Tyson Manufacturing Company purchased a machine for $40,100,000. Tyson's…

A: The question is based on the concept of Depreciation Accounting.

Q: What is SAVANT Framework and what do you understand about it?

A: SAVANT stands for strategy, anticipation, value-adding, negotiating, and transforming. It was…

Q: On July 1, 2024, Action Printers purchased a printer for $67,000. It expects the printer to last for…

A: In the case of an asset purchased during the year depreciation of an asset under the straight-line…

Q: Polly Manufacturing Company acquired equipment on January 1, 2022, for $527,000. Estimated useful…

A: From January 1, 2022, to January 1, 2026 = 4 years Depreciation has been applied for 4 years.

Q: Johnson Company has ten employees who have each accrued $2,700 in vacation benefits. What is the…

A: A general ledger account called "vacation pay payable" holds the liability that a business has to…

Q: pened Jara's Cleaning Service on July 1, 2019. During July, the follow- re completed. Complete…

A: As  you posted many sub parts in a question we are answering the first 3 sub parts only as per our…

Q: Donald Company has purchased a group of assets for $23,000. The assets and their relative market…

A: The correct answer is option - $13,800