Answer:
The investor will most likely to report taxable income from the bond annually until maturity
Explanation:
Original issue discount tax requires that the investor make provision for part of original issue discount in his taxable income every tax year until maturity. The interest is not payable until it accrued and it is calculated as difference between the bond's par value and its original issue price.
Answer:
The correct answer is (a)
Explanation:
The U.S is considered as one of the major global economies in the world which controls the international trade market. Some of the top organisations and business are working in the US which is depicted by the total sales revenue that is around 2 trillion. The corporation is a type of business that accounts for the majority of sales revenue in the US because corporations are responsible for collecting 60% of the total revenue in the US.
Loan investment account.. can be either side of the account depending on how the accountant set up the system
Answer:
Enrique
a) Accounting profit = $114
b) Economic profit (loss) = ($136)
Explanation:
a) Data and Calculations:
Monthly Rent = $1,600
Cost price of flowers = $2 per bunch
Selling price of flowers = $3 per bunch
Operations are for 7 days (8 hours daily) = 56 hours
Quantity of flowers sold per day = 100 bunches
Quantity of flowers sold per week = 700 (100 * 7)
Employee hours = 5 * 3 + 2 * 8 = 31 hours
Hours worked by Enrique = 25 (56 - 31)
Employee wages = $186 ($6 * 31)
Opportunity cost: Enrique = 25 * $10 = $250 per week
Accounting profit:
Sales revenue ($3 * 700) = $2,100
Cost of sales ($2 * 700) = 1,400
Gross profit $700
Expenses:
Rent ($1,600/4) = 400
Employee wages = 186 586
Accounting profit = $114
Economic profit:
Accounting profit $114
Opportunity cost 250
Economic loss = $136
I believe the correct answers are
1. A) define a mission statement
2. C) Guerilla marketing