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2 years ago

One of the appeals of a sole proprietorship is that business expenses are

Business

2 answers:

mihalych1998 [28]2 years ago

6 0

i think the answer is b

mezya [45]2 years ago

4 0

B!
it makes everything so much less complicated to only have to file once instead of having to do an entire second report. just declare income for both as your own since you own everything!

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Q.1.2.2 Explain the implications on Airbnb should South Africa implement a command economy.

icang [17]

Answer:

Throughout the next part, the description of the question is detailed.

Explanation:

Airbnb had already expanded fast throughout South Africa but since its inception throughout 2015.

It received criticism from the established accommodation sector, like certain other innovative companies.
Throughout order to assess Airbnb's impact, Creation story intelligence was requested for separate research to evaluate Airbnb's commercial importance.

5 0

3 years ago

Time series data gathered monthly for the last 48 months produced the following trend equation: Sales 7380- 33t, where t is the

Aneli [31]

Answer:

c. start looking for a new job.

Explanation:

c. start looking for a new job.

It is C because with each increasing month the sales revenue would decrease indicating a continuous loss in income. Therefore it is better to look for a new job as the authorities would be firing the sales director who has given a continuous decrease of sales in the past four years (48 months)

8 0

3 years ago

Maben Company was started on January 1, Year 1, and experienced the following events during its first year of operation: Acquire

cupoosta [38]

Answer:

Total Assets $84,800

Explanation:

Calculation for Maben TOTAL ASSETS

1 Cash increased $ 32,000

2 Cash increased $ 38,000

3 Cash increased by cash revenue $ 50,000

4 Cash decreased by expenses paid ($ 46,000)

5 Cash decreased by the amount of dividend ($ 1,200)

6 Cash received from issue of stock $ 22,000

7 Cash paid to reduce liability ($10,000)

8 Does not have effect on Total Assets $ -

9 It will not be considered for accounting $ -

TOTAL ASSETS $ 84,800

Therefore the amount of total assets that Maben would report on the December 31, Year 1, balance sheet will be the amount of $84,800.

6 0

2 years ago

Which of the following statements is correct? Multiple Choice

nikitadnepr [17]

Answer: D -LIFO results in a higher net income than FIFO when costs are falling.

Explanation:

The LIFO and FIFO are methods of accounting for inventory.

LIFO means last in, first out. It means the last inventory purchased is the first inventory sold.

FIFO means first in,first out. It means older inventories are sold off first.

During period of rising prices, LIFO results in lower net income because the Cost of Goods Sold is higher. Inventories cost more during periods of rising prices.

When prices are falling , the LIFO method results in a lower cost of goods sold and therefore a higher net income.

4 0

3 years ago

Alamo Inc. had $240 million in taxable income for the current year. Alamo also had a decrease in deferred tax assets of $26 mill

Sloan [31]

Answer:

The total income tax expense was $138,000,000

Explanation:

Total income tax expense

Decrease in deferred tax assets $26,000,000

+Increase in deferred tax liabilities $52,000,000

+Income tax payable $60,000,000

Total income tax expense $138,000,000

Workings

Income tax payable = 25% * $240,000,000

Income tax payable = $60,000,000

8 0

3 years ago