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3 years ago

S.O.S <>

Business

1 answer:

Naddika [18.5K]3 years ago

7 0

I would set up an organization to help homeless people it would be called (More homes less Homeless)

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Amanda is trying to decide whether to get a job after graduation or to spend another year in school to get her master's degree.

Alenkinab [10]

Answer:

36,000

Explanation:

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3 years ago

Mark or Make is a bourbon distillery. Sales have been steady for the past three years, and operating costs have remained unchang

schepotkina [342]

Answer:

a. No allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 0 0 0

Revenue after Rent paid 140,000 139,000 141,000

Less: Corporate Taxes at 30% 42,000 41,700 42,300

Net Income $98,000 $97,300 $98,700

Considerations for No Allocation

- Taxes are to be deducted from Gross Profit.

- Rent not to be deducted from Gross Profit.

b. Comprehensive Allocation

2019 2020 2021

Gross Profit on Sales 350,000 349,000 351,000

Less: Operating Expense 210,000 210,000 210,000

Gross Revenue 140,000 139,000 141,000

Rent (Prepaid) 60,000 60,000 60,000

Revenue after Rent paid 80,000 79,000 81,000

Less: Corporate Taxes at 30% 24,000 23,700 24,300

Net Income 56,000 55,300 56,700

Considerations for Comprehensive Allocation

- Taxes are to be deducted from Gross Profit.

- Rent is to be deducted from Gross Profit.

c. No allocation distorts Mark or Make’s Net Income for all three years. This is because if Rent is not allocated taxes will be calculated on Gross Revenue. That is to say, Rent is a Non-Operating Expense and hence is to be deducted from Revenue to Calculate the Taxes. When Revenue is reduced, obviously, the taxes will be reduced. Hence, less income is seen in Comprehensive Income Statement and more Revenue is seen in Simple - Non Comprehensive Statement.

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3 years ago

You receive three credit scores: 680, 705, 695. what is your average credit score?

Nataly_w [17]

The correct answer is 693.33333333.

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3 years ago

You're responsible for managing your company's social media accounts. your colleague tells you about how a lot of businesses are

Ann [662]

If the pinterest account is helpful in promoting the content of the company and it is reliable for having to give a high reputation of the company that I would put into consideration the offer of my colleague if it meant of having to promote the company's name and reputation.

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3 years ago

Explain the meaning of personal account,real account and nominal account,give five examples each

zysi [14]

Answer:

<h3>An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest Account</h3>

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3 years ago