Answer:
The net income of the firm for the year is $531,960
Explanation:
Income before tax of Sandifer Manufacturing Co. (taxable income) = Revenues - Cost of goods sold - Operating expenses = $4,580,000 - $3,321,000 - $453,000 = $806,000
Tax liability equal to 34 percent of the firm's taxable income.
The amount of tax the firm had to pay = $806,000 x 34% = $274,040
Net income = Income before tax - Tax liability = $806,000 - $274,040 = $531,960
Answer:
Deluxe should report a liability for un-redeemed coupons of 799,875
Explanation:
Estimated coupons to be redeemed
597,750
(797,000 * 75%)
Less: Coupons redeemed <u> 420,000
</u>
Coupons un-redeemed 177,750
X Cost per Coupon <u> 4.50 </u>
Liability for un-redeemed Coupons <u>799,875 </u>
Answer:
Sell two to three food products together as a package to increase sales.
Explanation:
In most of the supermarkets, the concepts of the combo are used that means many supermarkets merge few products in one packet so than the company sales would be increased
Since in the question it is mentioned that Gary who runs a supermarket for many years. He deals in perishable and seasonal products
In order to cover the aspects of distribution, option B is correct as it is directly linked to the supermarket sales
<span> B. When used, both take money directly out of a bank account.</span>
