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3 years ago

Gordon is over 65. how does that affect his tax return?

1 answer:

7 0

Gordon is over 65, his age "increases his standard deduction", according to the IRS, people over 65 years of age are included in the deductions program, both for those who are single or married, only the amount varies a little, depending on their marital status, in the first case the amount to deduct is $ 1250 and the second is $ 1550.

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Soriano Company had net sales of $300,000 for the month (after returns and allowances of $1,500 and sales discounts of $3,250).

Yanka [14]

Answer:

Ending Inventory $ 64,000

Explanation:

To define the final inventory of the company it's necessary to find the cost of good of the period.

As the company had a 43% of gross profit, it means that for every dollar of sales we have 0,43 dollar of Gross Profit, with this value is possible to know the total cost of the goods sold during the period, that it's the difference between Sales Revenue and Gross Profit.

Total Sales Revenue had to be the net value after returns and discounts as it's detailed.

Income Statement

Sales revenue $ 300,000

Cost of goods sold -$ 171,000

Gross Profit $ 129,000 43%

Beginning Inventory $ 60,000

Purchases $ 175,000

Cost of goods sold -$ 171,000

Ending Inventory $ 64,000

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3 years ago

30 POINTS!<br><br> PLEASE HELP ME. CAREER RESEARCH!<br><br> JUST FILL IT IN.

horsena [70]

Answer:

Please find below the links of each site and its description

Occupational outlook handbook outlook Option B

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3 years ago

Vista components has found it needs to reorganize including a significant trim of its middle management, the action will likely

DENIUS [597]

Flattening the organization and empowering employees, allowing them to get close to the customer.

There are various legal types of organizations such as corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charitable organizations, non-profit organizations, partnerships, cooperatives, and educational institutions.

Hybrid Organization An entity that operates simultaneously in both the public and private sectors, carries out public missions, and develops commercial market activities.

Volunteer Associations are organizations made up of volunteers. Such organizations, including informal clubs and coordinating bodies, should establish jurisdictions, including informal clubs and coordinating bodies, with goals in mind that can be expressed in manifestos, mission statements, or in ways that reflect their activities in an informal way.

Depending on the circumstances, we may be able to operate without legal process. Remember, every action of an organization, legal or illegal, reflects its goals.

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1 year ago

To obtain a change of the zoning for a particular property, for example, from residential to commercial, a property owner would

FrozenT [24]

Answer: Zoning Map Amendment?

Explanation:

Zoning Map Amendment is an official document showing that there is a change in the way the land or property is divided into zones within a district and also the way it is being used either for industrial, residential or business purpose.

It is also known as Rezoning, this process can only begin if requested by town council, town manager or the owner of the property, this is done through application which has to be submitted 30days ahead to the committee meeting.

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3 years ago

____________ is when suppliers allow a business to take possession of needed goods and pay for them at a later date or in instal

lys-0071 [83]

Trade credit

Small firms may be able to get finance in the form of trade credit from their suppliers. Suppliers enable the company to obtain the products and services it requires and pay for them later or in installments.

<h3>What is the meaning of trade credit?</h3>

A business-to-business (B2B) agreement known as trade credit allows customers to make purchases of goods without paying in cash upfront and to make payments to suppliers at a later date. Businesses that use trade credits typically give customers 30, 60, or 90 days to make payment, with the transaction being documented by an invoice.

Trade credit can be compared to a form of 0% financing because it increases an organization's assets while deferring payment for a certain amount of products or services to the future and requires no interest payments throughout the repayment period.

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1 year ago