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Readme [11.4K]
3 years ago
9

A partnership is subject to federal income taxes. a. True b. False

Business
1 answer:
Artemon [7]3 years ago
4 0
The answer is false              
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Why might a business be willing to pay a worker more than minimum wage?
Sonja [21]

Answer:

I believe the answer is, "The worker is more productive than others."

6 0
2 years ago
All of the statements are correct except: Multiple Choice flexible budget performance reports provide more useful information to
damaskus [11]

Answer:

To generate a favorable overall revenue and spending variance, managers must take actions to increase the prices of inputs. Incorrect

Explanation:

For the statement to be termed as correct, it has to be; <em>To generate a favorable overall revenue and spending variance, managers must take actions to protect selling prices, increase operating efficiency, and reduce the prices of inputs.</em>

3 0
4 years ago
A company had net income of $930,000 in 2016. Depreciation expense is $104,000. During the year, Accounts Receivable and Invento
enyata [817]

Answer:Cash provided by operating activities= $818,000

Explanation:

Cash Flow from operating activities is the amount of cash generated from the inflows and outflows of the business activities in a company.

Cash Flow from operating activities in 2016

Net income                                                $930,000

Add

Depreciation                                               $104,000

Loss on sale of equipment                        $ 12,000

Prepaid expenses decrease                      $ 8,000

Deduct

Accounts receivable increase                       -$ 60,000

Inventory increase                                           -$160,000

Accounts payable decrease                            -$16,000

Cash provided by operating activities          $818,000

4 0
3 years ago
Petter Jansen purchased 100 shares each in Sygnette and Joey Stores a year ago. He paid $62.85 and $121.15 per share respectivel
yawa3891 [41]

Answer:

2.58%

Explanation:

holding period return (HPR) = [(ending value - initial value) + dividends received] / initial value

  • initial value of Petter's portfolio = (100 x $62.85) + (100 x $121.15) = $18,400
  • ending value = (100 x $59.80) + (100 x $127.35) = $18,715
  • dividends received = 100 x $1.60 = $160

HPR = [($18,715 - $18,400) + $160] / $18,400 = $475 / $18,400 = 0.0258 = 2.58%

7 0
3 years ago
Selected current year company information follows: Net income $ 16,753 Net sales 720,855 Total liabilities, beginning-year 91,93
a_sh-v [17]

Answer:

the total asset turnover is 2.65 times

Explanation:

The computation of the  total asset turnover is shown below;

As we know that

Total assets turnover is

= Net sales ÷ average of total assets

= $720,855 ÷ ($91,932 + $206,935 + $111,201 + $133,851) ÷ 2

= $720,855 ÷ $271,959.50

= 2.65 times

Hence, the total asset turnover is 2.65 times

7 0
3 years ago
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