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3 years ago

The first step in the budgeting process is the preparation of the

Business

1 answer:

lesantik [10]3 years ago

8 0

I believe its <span>the preparation of the tax</span>

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A ___________ is established when an individual confers legal title to property to another person or institution to manage the p

swat32

Answer:

personal trust

Explanation:

3 0

3 years ago

This assignment requires the application of your understanding of how the federal budget deficit affects economic variables.

SVEN [57.7K]

The impact of a federal budget deficit on interest rates and the trade balance is that it can bring about the inflow of foreign financial capital as well as a better exchange rate.

<h3>How can budget deficit have effect on trade balance?</h3>

When there is a stronger exchange rate there will be a little bit difficult for all the exporters that want to sell their goods to foreign countries, and at this time the imports will become cheaper.

In this case, trade deficit will definitely bring about an inflow of foreign financial capital as well as a good exchange rate.

Learn more about budget deficit on:

brainly.com/question/1083134

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1 year ago

Samantha, who is single and has MAGI of $36,000, recently was employed by an accounting firm. During the year, she spends $1,650

jek_recluse [69]

Answer:

a) $0

b) $4,000

Explanation:

No deduction will be allowed to samantha for the amount spent on CPA exam review course.

So, Samantha can deduct $0.

Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.

So, Samantha can deduct $4,000.

Hope this helps!

7 0

2 years ago

The number one reason for failure of new business is

Ipatiy [6.2K]

The number one reason for failure of a new business is poor management.

Hope that helped! (:

4 0

3 years ago

The Terme Corporation is contemplating the purchase of new equipment, which may potentially increase revenues by 25%. Currently,

vekshin1

Answer:

The increase in gross profit is $12,374.93

Explanation:

The increase in sales due to purchasing this new equipment is 25% of current sales figure of $750,000

increase in sales=$750,000*25%=$187,500

variable cost on the increase in sales is 55%=$187500 *55%=$103,125

The annual depreciation charge on the new equipment=cost of the new equipment-salvage value/useful life

cost of the new equipment is $357,500.37

salvage value is $0

useful life of the new equipment is 5 years

annual depreciation charge=($357,500.37-$0)/5=$ 71,500.07

Increase/(decrease) in annual gross profit=$187,000-$103,125-$ 71,500.07 =$12,374.93

4 0

3 years ago