Answer:
A balance sheet for Weismuller publishing for December 31 2021 was prepared and recorded in the explanation section below
Explanation:
Solution
COMPANY: WEISMULLER PUBLISHING Balance Sheet At December 31 2021 Assets
Current assets:
Cash and cash equivalents ($91,000 + $43000) $134000
Short term investments ($166,000 - $43000) $123000
The net accounts receivable ($186,000 =$29,000) $175,000
Inventory $298,000
Prepaid expense [174,000-(14600/2)] $101,000
The total current assets $813,000
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A person's taxable income is calculated by deducting all allowable deductions and tax-free expenses from their gross total income, which is a rather straightforward formula.
When applied to a person, it is represented as, Formula for Calculating Taxable Income: Gross Total Income - All Exemptions - All Deductions
Income subject to tax: $19,606
$41,821 in taxable income
9,838 Taxable Income
The amount of income used to determine how much tax an individual or business owes the government in a specific tax year is known as taxable income. Knowing one's total taxable income is crucial because it makes calculating the final amount of tax that will be paid or refunded much simpler.
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Answer:
Federal takes are money you earn from working at a job.
Explanation:
An asset that you put money into with the hope that it will grow or appreciate into a larger sum of money. a person can also make financial investments in stocks and mutual funds, which can appreciate in value and pay dividends.
Answer:
Average fixed cost is $1
Explanation:
Given that
Total cost = 10000
Variable cost = 5000
Output = 5000
Recall that
Total cost = fixed cost + variable cost
Fixed cost = total - variable
Fixed cost = 10,000 - 5000
FC = 5000
Also,
Average Fixed cost = fixed cost / output
Thus = 5000/5000
= $1
Therefore, Average Fixed cost is $1.
Also note that
Average variable cost, AVC = $1
Average Total cost, ATC = $2