<span>A person who pays $4,500 in real estate property taxes and is in the 28 percent tax bracket, would reduce the amount paid for federal income taxes by
</span><span>$1,260</span>
Answer:
a) I used an excel spreadsheet to record the T-accounts
the closing entries would be:
Dr Sales revenue 12,100
Dr Purchase discounts 48
Dr Interest revenue 600
Dr Gain on sale of land 1,500
Cr Income summary 14,248
Dr Income summary 8,512
Cr Cost of goods sold 6,450
Cr Sales returns 1,680
Cr Sales discounts 242
Cr Distribution costs 140
Dr Income summary 5,736
Cr Retained earnings 5,736
b) Ross Company
Income Statement
For the year ended December 31, Year 2
Revenues:
-
Sales revenues $12,100
- Sales returns ($1,680)
- Sales discounts ($242) $10,178
Cost of goods sold <u>($6,450)</u>
Gross profit $3,728
Expenses:
-
Distribution costs ($140) <u>($140)</u>
Operating income $3,588
Other sources of income:
-
Gain on sale of land $1,500
- Interest revenue $600 <u>$2,100</u>
Net income before taxes $5,688
Answer:
1 is correct guy for my bea
Answer:
They should conduct a market research, since probably they are targeting the wrong market segment.
Explanation:
A market research, if done correctly, should allow them to gather information about who are their potential customers (target market) and what do they need or want.
The correct answer is Canada, the United States, and Mexico
Explanation:
The North American Free Trade Agreement or NAFTA was an economic alliance between three important countries: Canada, the United States, and Mexico (main countries in North America). Additionally, the purpose of this alliance was to facilitate trade between these countries, and in this way promote the development of the economy in these territories. In terms of history, all countries signed for the agreement in 1992, but the alliance was official only in 1993 because of the opposition of some citizens and groups. Thus, in 1992 Canada, the United States, and Mexico signed this agreement.
