He for sure was a mechanical revolutional pioneer!
Answer:
Net Income is $17,000
Explanation:
A sole proprietor is not taxed as a business entity but all the income and expenses should be reported on the income tax return. On schedule C all the details of profit and loss should be submitted with Form 1040.
Net profit calculation to report on Schedule C is as follow:
Net sales - $80,000
Cost of goods sold <u>($40,000)</u>
Gross Income $40,000
Operating expenses <u>($20,000)</u>
Operating Income $20,000
Employee payroll taxes <u>($3,000)</u>
Net Income <u> $17,000 </u>
Answer:
B. $0
Explanation:
The International Financial Reporting Standards (IFRS) specifically Internal Accounting Standards (IAS) 18 on revenue specifically states that where there is a barter transaction that is the exchange of goods or services, the transaction will not be recognized as one generating revenue when the goods or the services being exchanged are similar in nature. If it is not recognized as a revenue generating transaction then no revenue will be recognized as well
Since Kelly Corp barters goods with Ace Corporation established to be similar in nature , then according to IFRS Kelly cannot recognize any income on the transaction.
Answer:
The correct answer is letter "A": A podcast.
Explanation:
Podcasts are recordings in which speakers talk about certain topics in the form of an interview providing explanations, details, and information that could be of interest to the target audience. Podcasts do not require the interaction between the speaker and the audience and can be accessed by individuals from different devices as long as the speaker and the audience share the same platform.
Thus, <em>podcasts can replace the teleconferences in the case providing employees access to the updated information regardless of the time zone.</em>
Answer:
Injunction
Explanation:
An Injunction is a court order requiring a person or a group of persons to desist from carrying out certain activities. If the person or group of persons desist from obeying the injunction, the individual(s) are in contempt of the court
Types of injunctions
- Permanent Injunctions
- Temporary restraining orders
- Preliminary injunctions.
The striking workers are affecting the activities of the company they work for. The next step the company is supposed to take is to take legal actions to stop the striking workers. this can be achieved with an injunction
