Torres Co. forecasts merchandise purchases of $15,800 in January, $17,600 in February, and $21,200 in March; 60% of purchases are paid in the month of purchase and 40% are paid in the following month. At December 31 of the prior year, the balance of Accounts Payable (for December purchases) is $26,000. Prepare a schedule of cash payments for merchandise for each of the months of January, February, and March.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Which are the best examples of costs that should be considered when creating a project budget?

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?