What to put for type of work authroization?

Sarah owns and operates a retail sporting goods business as a sole proprietor. Her store is located on the ground floor of a two

Soloha48 [4]

Answer:

A. $70,000

Explanation:

From the information given, we discover that

Gross profit from sporting goods business = $100,000

Subtract: other Expenses = 11500

Subtract: Building depreciation expenses (10000 × 55%) = 5500

Subtract: Mortgage Interest (10000 × 55%) = 5500

Subtract: Depreciation on vehicle used for business = 3000

Less: Utilities for Ground Floor = 4500

Net Self employment Income = $70,000

Note that 55% is used for ground floor, it is calculated as 100 - 45% used by tenant, therefore, for business purpose 55% will be taken.

7 0

3 years ago

Read 2 more answers

On January 1, 2018, Lumos Company purchased a machine for $70,200. Lumos uses straight-line depreciation and estimates an eight-

jeka94

Answer:

Gain= $4,200

Explanation:

Giving the following information:

Purchase price (2018)= $70,200

Salvage value= $5,400

Useful life= 8 years

Selling price= $42,000

<u>First, we need to calculate the depreciation expense and accumulated depreciation:</u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (70,200 - 5,400) / 8

Annual depreciation= $8,100

Accumulated depreciation (ending 2021)= 8,100*4= $32,400

<u>If the selling price is higher than the book value, the company gain from the sale. Now, we need to determine the book value.</u>

<u></u>

Book value= purchase price - accumulated depreciation

Book value= 70,200 - 32,400= $37,800

Gain/loss= selling price - book value

Gain/loss= 42,000 - 37,800

Gain= $4,200

6 0

3 years ago

The value of the goods and services Australia purchases from the U.S. are less than the value of goods and services the U.S. pur

Diano4ka-milaya [45]

Answer:

Option (d) is correct.

Explanation:

The information given in the question clearly shows that the value of goods and services U.S imported from Australia is greater than the value of goods and services Australia imported from the U.S. This exchange of goods and services between these two nations also shows that exports of Australia towards U.S. are greater than the exports of U.S. towards the Australia.

Balance of trade or Trade Balance or Net exports:

= Exports - Imports

Since Australia's Exports are greater than its imports, so Australia has a positive net exports and a trade surplus and U.S's Exports are less than its imports, so U.S has a negative net exports and a trade deficit with Australia.

7 0

3 years ago

Income that is available for spending and saving after an individual has purchased the basic necessities of food, clothing, and

Klio2033 [76]

The correct answer is discretionary income.

Discretionary income, in its most basic definition, is the money left over after covering essential expenses including taxes, daily living costs, and household bills.

<h3>What distinguishes disposable income from discretionary income?</h3>

After all federal, state, and local taxes have been paid, your remaining funds are known as disposable income. Contrarily, discretionary income is the money you still have after paying all of your basic living expenses and taxes.

<h3>What is covered by discretionary income?</h3>

The money you have left over from your post-tax salary after paying for necessities like rent, utilities, and food is known as discretionary income. It is what you use to make non-essential purchases during the month (often referred to as discretionary expenses).

To know more about Discretionary income, visit: brainly.com/question/26766185

#SPJ4

6 0

2 years ago

Dave is a close-up magician who is famous for his card tricks. He creates and sells DVDs of his magic tricks. Lately he has been

Katen [24]

Answer:

inbound logistics.

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers. Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

The fundamental principle of supply chain management is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

In this scenario, Dave creates and sells DVDs of his magic tricks.

Lately, Dave has been having some trouble getting his DVDs produced in a timely manner. Thus, of the five (5) primary activities in the value chain, this problem of not producing goods (DVDs) as at when needed by the viewers (end users) is most likely to occur in inbound logistics.

An inbound logistics can be defined as a supply process which relates with receiving, storing or warehousing of raw materials and the distribution of inventory internally.

5 0

3 years ago