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4 years ago

The oldest retail setting, located in the community's downtown area, is referred to as

Business

1 answer:

Nimfa-mama [501]4 years ago

5 0

The oldest retail setting is referred to as the Central Business District.

Hope this helps!

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In its first year of operations, Roma Company reports the following. Earned revenues of $47,000 ($39,000 cash received from cust

Elina [12.6K]

Answer:

Net Income

Cash basis $10,800

Accrual basis $20,500

Explanation:

Computation of Roma company’s first-year net income under both the cash basis and the accrual basis of accounting will be:

Cash basis Accrual basis

Revenue $39,000 $47,000

Expenses $28,200 $26,500

Net Income $10,800 $20,500

Cash paid $20,950

Add Prepaid cash $7,250

=$28,200

Therefore first-year net income cash basis will e $10,800 and accrual basis will be $20,500

6 0

4 years ago

The xyz clothing company wants to create and build brand awareness. it would use _____ advertising.

enyata [817]

<span>Informative advertising educates audiences about a product, service or brand, which increases their awareness. This type of marketing helps companies reach new target demographic markets by appealing to their interest, creating memorable impressions and calling on potential customers them to take action to either learn more or make a purchase.</span>

8 0

4 years ago

What is the incremental percentage paid on income taxes called?

Westkost [7]

What is the incremental percentage paid on income taxes called The marginal tax rate

For better understanding, lets explain marginal tax rate

Marginal tax rate is simply referred to as the increase in taxes as a percentage of the increase in income. That is the change in the tax payment is divided by the change in income.

Marginal tax rate = Change in taxes due/change in taxable income

from the above, we can therefore say that the answer What is the incremental percentage paid on income taxes called marginal tax rate

Learn more about marginal tax rate from:

brainly.com/question/23568955

7 0

3 years ago

Winter Gear, Inc. business on January 1, 20X1. The company used the actual write-off of the receivable for the recorded bad debt

ahrayia [7]

Answer:

The deferred value of the tax is $3,768

Explanation:

As per the book, the debt is given as 2% of the Credit sales thus

Credit sales * 2% = 678000 * 2% = $13,560

As per the data, the write off for the tax payment is given as

Actual write off = $1,000

Now the tax rate is given as 30%

So the deferred tax asset is given as

Deferred tax asset for 20x1 =(Debt-Writeoff)*Rate

Deferred tax asset for 20x1 = (13560 - 1000) * 30% = $3,768

Deferred tax asset for 20x1 = $3,768

8 0

3 years ago

Read 2 more answers

A customer redeems 1,000 shares of ABC Fund on Wednesday, June 14th. Under the provisions of the Investment Company Act of 1940,

Colt1911 [192]

Answer:

Wednesday, June 21st

Explanation:

In this scenario, since the customer redeemed the shares on Wednesday, June 14th then he must be paid before Wednesday, June 21st. This is 7 days after the redemption. According to section 22 article (e) of the Investment Company Act of 1940, all companies are prevented from postponing the date of payment for more than seven days as stated below.

(e) No registered investment company shall suspend the right

of redemption, or postpone the date of payment or satisfaction upon

redemption of any redeemable security in accordance with its terms

for more than seven days after the tender of such security to the

company or its agent designated for that purpose for redemption

7 0

4 years ago