Many tax professionals and advisors recommend adjusting your W4 allowance so that YOUR TAX PAYMENT WILL EXACTLY MATCH YOUR TAX LIABILITY.
The W4 form is used to claim allowances which one is entitled to. The number of allowance which one claims depends on one's status. Most people under pay or over pay their tax payment as a result of the number of claims that they make. Experts suggest that individuals should adjust their W4 allowance in such a way that over payment and under payment of tax will be avoided.
Answer:
$45,600
Explanation:
Particulars Amount
Redding capital $18,000
Potential loss of non-cash Assets (138,000*20%) <u>$27,600</u>
Maximum amount contributed by Redding, Capital <u>$45,600</u>
So, the maximum amount that Redding might have to contribute to this partnership because of the deficit capital balance is $45,600.
Answer:
Those local hospitality businesses can be said to be Cooperators.
Explanation:
Co-operation: <em>Cooperation is an art, which is not so easy to be mastered.</em> The primary <em>purpose </em>of the <em>cooperation </em>is to gain <em>mutual benefit.</em> Yet because not everyone can understand the true sense of forming alliances (even if some do understand), it is difficult for them to create or manage those alliances because there are several factors which affect the relationships between associates. So, to have healthy and strong cooperation there is a need to get a grasp over those influencing factors.
<em>Now</em> there are reasons to believe that what the analysis implies (that there is a close relationship between these 2 industries) is true. Although how? let's get into those reasons.
- Both industries come in the same domain that is of consumption.
- Both can do their business separately without cooperating.
- But still, if they do cooperate they can get more than they do get separately.
An example to have a close look on the relationship: Consumer A has to go to 2 different places to get these 2 different services or products, consumer B just go to the one place and get all the service as well as get the product if he desires. So, Which one would be more satisfied? Consumer B for sure.
Answer:
Savings in fixed costs= 30,800
Explanation:
Giving the following information:
Prockets Inc. just eliminated a product that had yearly sales of $120,000, yearly variable expenses of $48,000, and yearly fixed expenses of $92,000. By dropping the product, Sprockets increased its company-wide yearly net income by $10,800.
Loss= 120,000 - 48,000 - 92,000= -20,000
By dropping the product:
Savings in fixed costs= 20,000 + 10,800= 30,800
These are some of my personal benifits of strategic management process:
It allows organizations to be proactive rather than reactive. A strategic plan allows organizations to foresee their future and to prepare accordingly.
It sets up a sense of direction.
It increases operational efficiency.
It helps to increase market share and profitability.
It can make a business more durable.
I hope it helped you!
