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Studentka2010 [4]
3 years ago
8

Executive agencies are generally located under one of the cabinet-level departments within the executive branch. true

Business
1 answer:
Andrej [43]3 years ago
5 0
<span>It is true that executive agencies are located within the executive branch, generally under one of the cabinet-level departments. Therefore, they are also called as cabinet-level agencies.

With advice and consent from the US Senate, the administrative head of an executive agency is appointed by the President, and they can also be discharged by the President at any given point for any reason.

The Food and Drug Administration (FDA) and the Federal Aviation Agency (FAA) are perfect examples of an Executive agency.
</span>
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For the past year, Momsen, Ltd., had sales of $46,382, interest expense of $3,854, cost of goods sold of $16,659, selling and ad
Ivenika [448]

Answer:

Net income= $11,412.2

Explanation:

Giving the following information:

sales of $46,382

interest expense of $3,854

cost of goods sold of $16,659

selling and administrative expense of $11,766

depreciation of $6,415

t=0.35

We need to use the following formula:

Net income= (sales - COGS - selling and administrative expense - interest expense - depreciation) - tax + depreciation

First, we deduct Depreciation to decrease the tax base, but because it is not an actual payment, we have to sum it after tax.

Sales= 46,382

COGS= (16,659)

Gross profit= 29,723

Selling and administrative expense= (11,766)

Interest=(3,854)

Depreciation= (6,415)

EBT= 7,688

Tax= (7,688*0.35)= (2,690.8)

Depreciation= 6,415

Net income= $11,412.2

6 0
3 years ago
Kiev, the manager of an accounting department, helps his cfo in framing the financial policies of his company. in this scenario,
cestrela7 [59]

Kyiv, the manager of an accounting department, helps his CFO in framing the financial policies of his company. in this scenario, Kyiv is carrying out the leadership role of a(n) strategy developer.

The definition of a manager is someone who is responsible for overseeing and motivating employees and directing the progress of an organization. Examples of managers include those responsible for customer service, handling customer disputes, and supervising and monitoring customer service representatives.

A good manager can lead a team and help it grow while maintaining complete control over the business and its performance. These people are the ones who can always adapt to new situations, encourage others to reach their full potential, and achieve their highest goals. A manager is an organizational representative who is responsible for managing the work of a group of employees and taking necessary actions when necessary.

Learn more about managers here

brainly.com/question/24708179

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5 0
1 year ago
Suppose that 10 years ago you bought a home for $110,000, paying 10% as a down payment, and financing the rest at 8% interest fo
skad [1K]

Answer: $11,000

Explanation:

The solution to this problem is not tedious or complicated

Solution;

Amount is = $110,000

Percentage of down payment is given as = 10%

To get the amount of the down payments we find the 10% of $110,00

10% of $110,000 is = 10÷100

=0.1

We multiply it by the amount which is 0.1×110,000= $ 11,000

3 0
3 years ago
A manufacturing firm is deciding whether to invest in a new printer that needs an initial investment of $150,000. This will incr
AnnyKZ [126]

Yes the firm should the 1 percent decrease of the capital won’t effect too much. So yes.

3 0
3 years ago
On November 10 of the current year, Flores Mills sold carpet to a customer for $8,000 with credit terms 2/10, n/30. Flores uses
frez [133]

The appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.

<h3 /><h3>Journal entry</h3>

The correct entry to record the transaction is:

November 17

Debit Cash $7,840

(98%×$8000)

Debit Sales discount $160
(2%×$8000)

Credit Account receivable $8,000

Therefore the appropriate journal entry to record the transactions is: Debit Cash $7,840; Debit Sales discount $160; Credit Account receivable $8,000.

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3 0
2 years ago
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