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2 years ago

Question 15 of 20

Business

1 answer:

stepladder [879]2 years ago

3 0

Answer:

Explanation:

i believe it could also be c

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Current assets are illiquid. True False

kakasveta [241]

Answer:

true

Explanation:

8 0

4 years ago

On January 1, 2020, Novak Corp. had inventory of $56,500. At December 31, 2020, Novak had the following account balances.

salantis [7]

Answer:

Gross Profit ⇒ $296,500

Operating expenses ⇒ $153,500

Explanation:

Gross Profit;

= Net sales - Cost of Goods sold

Net sales = Sales revenue - sales discounts - sales returns and allowances

= 807,000 - 6,000 - 10,900

= $790,100

Cost of Goods sold

= Opening balance + Purchases + Freight-in - Purchase discounts - Purchase returns and allowances -closing balance

= 56,500 + 509,500 + 4,800 - 8,000 - 2,700 - 66,500

= $493,600

Gross Profit = 790,100 - 493,600

= $296,500

Operating Expense

Net Income = Gross profit - operating expenses

143,000 = 296,500 - operating expenses

Operating expenses = 296,500 - 143,000

= $153,500

6 0

3 years ago

Bill and Edna are married and file a joint tax return in 2021. What is their applicable threshold for the Â§ 199A pass-through d

gladu [14]

Considering the situation described above, the applicable threshold for the A 199A pass-through deduction is "$326,600."

This is according to the IRS (Internal Revenue Service), which stated that for the taxable year 2021, the amounts is given as:

Married Filing Jointly Threshold: $326,600;

Phase-in Range: above $326,600 up to $426,600;

All others Threshold: $163,300;

Phase-in Range: above $163,300 up to $213,300.

Therefore, given that Bill and Edna are filing jointly as a married couple, then the applicable threshold for the A 199A pass-through deduction is "$326,600."

Hence, in this case, it is concluded that the correct answer is "$326,600."

Learn more about tax returns here: brainly.com/question/2135349

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3 years ago

Help practicing for wise

Drupady [299]

Answer:

I think D

Explanation:

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3 years ago

Define how employers evaluate workers’ performance. Describe some of the potential appraisal goofs that can arise during this pr

ladessa [460]

I think the appropriate answer is that employer's rating on their employees depend on the system of appraisal they are using. For instance, some would use the standard higher to lower rating of the employer and employee but others, 360 ratingsThank you for your question. Please don't hesitate to ask in Brainly your queries.

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4 years ago