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Nataliya [291]
3 years ago
15

All sources of income are known as which of the following?

Business
2 answers:
Ierofanga [76]3 years ago
6 0

A. Gross Income

Hope this helps

Oksanka [162]3 years ago
4 0
I think the correct answer from the choices listed above is the first option. All sources of income are known as gross income. It is an <span>individual's total personal </span>income<span>, before accounting for taxes or deductions. Hope this answers the question. Have a nice day.</span>
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Kansas Enterprises purchased equipment for $73,500 on January 1, 2021. The equipment is expected to have a five-year service lif
saveliy_v [14]

Answer:

The answer is $17,640

Explanation:

Equipment was bought on Jan. 1, 2022 for $73,500. This is the historical cost of the asset.

Residual value is $6,450. This is the amount the equipment is being expected to sell for at the end of its useful life.

Useful life is 5 years.

To know the percentage to be used for the depreciation, we have:

100percent / 5 years

= 20 percent

Double-declining is 40 percent(20 percent x 2)

Depreciation for 2021 is

$73,500 x 40 percent

= $29,400.

Carrying amount at the end of 2021 which will also be for the beginning of 2022 is $44,100 ($73,500 - $29,400)

Depreciation for 2022:

$44,100 x 40 percent

$17,640.

Therefore, the depreciation for 2022 is $17,640.

3 0
3 years ago
WaterwayCorporation had net credit sales of $13100000 and cost of goods sold of $9070000 for the year. The average inventory for
Kaylis [27]

Answer:

The inventory turnover for the period is 5

Explanation:

Inventory turnover is the ratio which stated that how many times the company replaces as well as sells the stock of goods during a specific year or period.

The formula for computing the inventory turnover is as:

Inventory turnover = Cost of goods sold / Average inventory

where

Cost of goods sold (COGS) = $9,070,000

Average inventory = $1,814,000

Putting the values above:

Inventory turnover = $9,070,000 / $1,814,000

Inventory turnover = 5

4 0
3 years ago
Question 3: Economic value-added (EVA) Net operating profit before taxes is $1,800. Total assets (invested capital) are $8,500,
posledela

Answer:

- $454

Explanation:

Net Operating Profit after tax = Net operating profit before tax - tax rate

                                                  = $1,800 - 20%

                                                  = $360

Economic Value Added:

= Net Operating Profit after tax - (Capital Invested × Weighted average cost of capital )

= $360 - [($8,500 - $1,100) × 11%]

= $360 - ($7,400 × 11%)

= $360 - $814

= - $454

7 0
2 years ago
During a visit to new york city, noah is approached by steve guttenburg, who asks noah if will accept a free button from him. no
hodyreva [135]
Steve has used the foot-in-the-door <span>technique to induce compliance.
A foot in the door technique is a persuasion technique that makes a person to agree to do a small favor and asking that person to do a bigger favor after the small favor is done. According to research, </span><span> The foot-in-the-door technique succeeds owing to a basic human reality that social scientists call "</span>successive approximations<span>".</span>
7 0
2 years ago
What is tax payable????????
alukav5142 [94]
<span>It's like a type of a</span><span> account in the current liabilities section of a </span><span>company's um I think balance sheet.</span>

3 0
3 years ago
Read 2 more answers
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