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3 years ago

11

After the end of the year, you can expect to receive a form from your employer stating how much you earned and how much you paid

in taxes for the year. This form is the _____.

1 answer:

Crazy boy [7]3 years ago

5 0

This form is known as the W-2 Form

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Trudy owed Sam $40 for a book she purchased from him. Trudy mowed Betty's yard for $40 and agreed with Betty that Betty would pa

Sveta_85 [38]

Answer:

C. Sam will win because Trudy cannot avoid her obligations through a delegation.

Explanation:

If Sam sues Trudy for the $40 she owes him for the book then, Sam will win because Trudy cannot avoid her obligations through a delegation.

4 0

3 years ago

TOMS is a shoe company that, since its inception, has given away one pair of shoes to someone in need for every pair purchased b

Dafna11 [192]

Answer:

Socially responsible

Explanation:

A socially responsible company is one that seeks to identify as well as relieve the social needs in its business environment.

A major social problem or need around the world is the lack of clean drinking water and birthing services. Thus, by proffering solutions to this problem loyal customer of TOMS shoe company could notice that the company takes seriously its responsibility to the society.

3 0

3 years ago

use the accounting equation to solve for the missing information. 2. did jacob's overhead doors report net income or net loss?

vichka [17]

Total assets 44900

Less: Liablities 14,550

Total Owner's equity 30,350

Less: Owner's capital 30,670

Add: Drawings 7,500

Less: Revenues 8,850

Expense 1,670

Assets =Liabilities +Owner's-Drawings+Revenues-Expense capital

44,900 = 14,550 + 30,670- 7,500 + 8,850 - 1,670
2. Jacob states a profit of $7,180

Net Income = Revenues – Expenses
= 8850–1670 = 7180

Equipment, real estate, raw materials, and inventories are examples of tangible assets. Intangible assets include things like royalties, patents, and other intellectual property.

The amount earned by an individual or corporation after costs, allowances, and taxes is referred to as net income. Net income in 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.

To know more info about Assets visit:
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7 0

1 year ago

Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, ne

weqwewe [10]

Answer:

1a. Current ratio = Current assets / Current Liabilities

Current year = $224,517 / $120168 = 1.88 : 1

1 years ago = $175,652 / $70,310 = 2.50 : 1

2 years ago =$134,088 / $44,840 = 2.99 : 1

1b. The Current ratio worse over three years period

2a. Acid test ratio = (Cash + Investment + Account Receivables) / Current liabilities

Current year = ($29,328 + $0 + $83,351) / $120,168 = 0.94 : 1

1 year ago = ($32,285 + $0 + $57,663) / $70,310 = 1.28 : 1

2 year ago = ($34,323 + $0 + $45,764) / $44,840 = 1.79 : 1

2b. The Acid test ratio are worse over three years period

8 0

3 years ago

The perfectly competitive firm produces that quantity at which a.marginal revenue is greater than marginal cost. b.the largest g

Katena32 [7]

Answer:

Option (c) is correct.

Explanation:

The perfectly competitive firm produces at a point where the marginal revenue is equal to the marginal cost because it the profit maximizing point for the competitive firms. Under the perfectly competitive market conditions, the price is determined by the two forces: demand and supply of the goods.

The firms under this market condition, faces a perfectly elastic demand curve which implies that the buyers are free to buy any quantity of goods.

4 0

3 years ago