The US internal revenue service taxes the taxable income of corporations as well as the taxable investment income of the firms’ shareholders' double taxation of dividends.
Revenue is the entire quantity of income generated by means of the sale of products or services related to the organization's number one operations. Revenue, additionally known as gross income, is regularly known as the "top line" as it sits at the pinnacle of the income declaration. Profits, or net earnings, are an agency's general profits or income.
In accounting, revenue is the entire quantity of profits generated by using the sale of goods and services related to the primary operations of the business. commercial sales will also be known as income or as turnover. Some corporations get hold of sales from interest, royalties, or different expenses.
Whilst comparing sales vs income you have to understand that “sales” refers to the total amount of cash a company generates before getting rid of any fees. “income”, then again, is equal to sales minus the fees of doing commercial enterprise, which include depreciation, hobby, taxes, and other expenses.
Learn more about revenue here brainly.com/question/16232387
#SPJ4
Answer:
The statement is: False.
Explanation:
Managers must <em>make decisions based on facts and support data</em> -such as the accounting books of the company- since those sources provide <em>objective information</em> on what is happening in regards to the organization. Even if they might be allowed to follow their instinct in taking risky investment decisions, a <em>study </em>must be made before taking a step forward to analyze what the best output could be.
Thus, guessings and personal points of view are not enough for managers to conduct business.
PART I
Answer:
The business idea is that of a Bakery that specializes in pastry that is mixed with fruits.
Explanation:
SWOT
Strengths
- Unique Value Proposition which is healthier bread and cake recipes
- 20 years experience in baking which translates to strong industry knowledge
Weaknesses
- Insufficient Equipment to go with
- Weak or zero visibility for new business
Opportunities
- Little or no competition as the recipes are unique to me
- Huge demand for healthier pastry especially in my current location
Threats
- The industry is heavily regulated and may be shut down if there are compliance issues
- One competition that knows what they are doing and combines pastry with healthy drinks such as smoothies. We don't do smoothies.
Part II
Answer:
The persons I would give the business plan to are:
- An angel investor who I met on LinkedIn who supports small businesses and start-ups
- My banker of over 20 years
- I would give the business plan to my family members because they are the easiest people to raise funds from and also because family, can decide to contribute in cash or in-kind with no interest required.
- I would give the business plan to an angel investor because their funds are cheaper than those of the banks though a little more difficult to come by
- Banks always have the funds but the funds come at a higher cost than the first two.
Cheers
