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Tamiku [17]
2 years ago
12

a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stires departments must ma

ke decisions on how to address this problem and improve efficiency in stores operations. afvise the store manager of key considerations that should be made when choosing the most suitable type
Business
1 answer:
yarga [219]2 years ago
3 0
Because you need to figet this out on your own ok it’s not that hard
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Q 4.24: At the end of March, Paul’s Painting hired five temporary employees to work on a project that began on April 5 and ended
Nookie1986 [14]

Answer:

At the end of March, Paul’s Painting hired five temporary employees to work on a project that began on April 5 and ended on April 28. Paul’s received 100% of the total payment for the project on May 3. In this situation, both cash basis accounting and GAAP require that Paul’s recognize the employees’ total salary expense in April.

Explanation:

A collection of accounting rules and standards usually followed, for financial reporting is known as GAAP (generally accepted accounting principles) .

For businesses, GAAP needs accrual accounting.

Accrual accounting operates on the basis of matching both revenue and expenses. Revenues and the related expenses occur concurrently, though the cash transaction concerning thereto might happen in some other period.

In the situation given in the question, the revenue from the project is earned in April, subsequently, the salary expense related to that work should also be recognized in the same period due to an accrual basis.

7 0
3 years ago
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Ramon funds small businesses that he believes have the potential to grow large. when these companies are still in their initial
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<span>The fact that Ramon funds small businesses that he believes have the potential to grow large and when these companies are still in their initial stages and need investment, he buys their stocks at a low price and later sells them at higher prices when they are successful means that Ramon is a venture capitalist. The term venture capitalist in economics describes a person who i</span>nvests in a business venture, providing capital for start-up or expansion. 
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3 years ago
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Thornton, Inc., had taxable income of $128,267 for the year. The company's marginal tax rate was 35 percent and its average tax
valentinak56 [21]

Answer:

$30784.08

Explanation:

Taxable income can be refer to as the amount of income used to calculate how much tax an  organisation owes to the government in a particular tax year.

Thornton Inc. had taxable income of $128,267 for the year

The company's marginal tax rate is 35 percent

The company's average tax rate is 24 percent

To know how much did the company have to pay in taxes for the year, we multiply the Taxable income by the Company Average tax rate for the year.

=$128,267 * 24%

=$128,267 * 0.24

=$30784.08

Thornton Inc will pay $30784.08 for the year.

8 0
3 years ago
Ted dies with assets consisting only of long-term investments. He leaves $5,000,000 to his children and the remainder to his wif
WITCHER [35]

Answer:

B) $9,500, 000

Explanation:

The tax basis for Ted's estate is $9,500,000, ans since it falls under the current federal estate tax exemption($11,400,000), his wife and children do not have to pay any estate taxes.  If Ted's family sells the assets before the six month alternate valuation is effective, then their tax basis will be the same as Ted's estate ($9,500,000).

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3 years ago
Specific statements detailing what the organization intends to accomplish over a short period of time are call
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Specific statements detailing what the organization intends to accomplish over a short period of time are called objectives. Objectives are stated by the company to keep goals on track and allow the organization to monitor their growth and completion. By keeping objectives open to everyone within the organization, it makes it easier for employees to stay on task and make sure by the end of the period, everything is done.

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