Answer:
The answer is a.
Explanation:
I can safely say that in order to have an exact value of an average of $ 700, it is because an initial survey had to be made of people in 50 condominiums that allowed finding several sample means and finally finding the total sample mean, this data allows determining an exact average of reliable values supplied by respondents in the sample.
Answer:
A $64,000 1
B $60,000 2
C -$24,000 3
Explanation:
As we know that
The cash flow statement records three types of activities i.e operating activities, investing activities, and the financing activities
Since we have to determine the rank based on cash from operating activities
The rank is shown below:
A $64,000 1
B $60,000 2
C -$24,000 3
Answer:
The correct option for Harold to do after he has received the cost of the annuity is to include the entire amount of each annuity payment in gross income
Explanation:
As the cost of the annuity has been received by Harold and whatever he is receiving afterwards is the income. Thus he will include the complete value in the gross income and the taxes will be calculated accordingly.
Answer:
Pretax income= $122,500
Explanation:
Giving the following information:
Fixed costs= $72,500
Variable costs equal to 40% of sales.
Sales= $325,000
<u>To calculate the pretax income, we need to use the following formula:</u>
Pretax income= contribution margin - fixed costs
Pretax income= 325,000*(1-0.4) - 72,500
Pretax income= $122,500
