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Annette [7]
3 years ago
14

Which accounts are affected in the closing process under a perpetual inventory system?

Business
1 answer:
diamong [38]3 years ago
8 0
<span> Cost of goods sold, sales returns and allowances and sales discounts </span>
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Zeron Incorporated generated $1,349,600 ordinary income from operations this year. It also recognized $29,200 recaptured ordinar
BaLLatris [955]

$1384,900 is the  Zeron's taxable income. As the $1,349,600 + $29,200 + $21,000 - $14,900 = $1384,900.

<h3 /><h3>What is meant by net income?</h3>

Net income in a company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income for an individual is their "take-home" pay following tax, health insurance, and retirement deductions.

Thus, $1384,900 is the correct answer

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5 0
1 year ago
What is one way the government tries to attain positive externalities?
Jlenok [28]

One way of representing attaining the positive externality by the government is through the promotion of education.

Option D is the correct answer.

<h3>What is an externality?</h3>

When the cost or advantage is received by a third party that is not related to the economic activity, then it is considered an externality.  

A positive externality is the arousal of a positive effect on either production or consumption. The act of penalizing a company for pollution, imposing taxes on citizens earning more than $250,000 and the reduction in rates of interest would all be classified as negative externalities.

Therefore, the encouragement of education by the government is regarded as a positive externality.

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4 0
2 years ago
Which of the following statements is​ correct? A. GDP includes nonmarket production but is not a measure of a​ nation's overall
sergejj [24]

Answer:

B. GDP includes non market production and is therefore a good measure of a​ nation's overall welfare

Explanation:

  • A GDP is a total values of the goods and the services that are produced within a given country border and thus is the most common measure of measuring the country in terms of the size of the economy.
  • Thus can tell the health of the country and is the monetary value of all the goods and services. The non market activities include the production of the food at homes these services don't account for the in-country GDP.
4 0
3 years ago
Buerhle Company needs to determine if its indefinite-life intangibles other than goodwill have been impaired and should be reduc
Vera_Pavlovna [14]

Answer:

Option C Not recoverability test but fair value test

Explanation:

The reason is that the standard on impairment IAS 36 Impairment of Assets says that the assets with indefinite life must tested for impairment every accounting year end. The test only includes whether the fair value of the asset has been decreased or not. This test is helpful by asking questions that asks about the decrease in the life of the asset due to a new legislation, the performance of the asset is fallen (oil is less extracted now than before because the oil is not reachable), etc. The standard does not permits to use Recoverability test as it will come later once the company is sure that the asset fair value has been decreased.

8 0
3 years ago
Two​ countries, A and B​, both are currently in recession. The values of the MPS for A and B are 0.1 and 0.5 respectively. The g
aksik [14]

Answer:

Explanation:

The policy of tax cut will be less effective in country B than in country A since the value of the tax multiplier is lower in country B.

The multiplier effect refers to the increase in final income arising from any new injections.

Calculating the Multiplier Effect for a simple economy

k = 1/MPS

A = 1/0.1 =10

B= 1/.5=2

3 0
3 years ago
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