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3 years ago

Were taxes are recorded on the income and expense statement

Business

1 answer:

podryga [215]3 years ago

8 0

Answer:

Debit side of the income and expense statement

Explanation:

Tax is an expense. An expense should be recorded on the debit side of the income and expense statement.

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Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p

Eddi Din [679]

Answer: $2650

Explanation:

Using the specific identification method, its ending inventory (after the December 24 sale) will be:

Units for sale = 5 units

Units sold = 1

It should be noted that the unit that was sold was the one that was bought on July 9th.

Ending units will now be:

= $800 + ($2 × $900) + $950 - $900

= $800 + $1800 + $950 - $900

= $3550 - $900

= $2650

6 0

3 years ago

The sata/600 standard is also known by what other name?

jolli1 [7]

The SATA/600 standard is also know as SATAIII or SATA 6Gb/s.

SATA (Serial Advanced Technological Attachment) is a standard that is developed to connect any optical drivers or storage devices to the computer.

SATAIII is the third generation of SATA and can run at 6GB/s.

6 0

3 years ago

Bill Dukes has $100,000 invested in a 2 stock portfolio; $75,000 is invested in Stock X and the remainder is invested in Stock Y

Marta_Voda [28]

Answer:

A. 1.30

Explanation:

In order to find portfolio beta we will multiply each individual stock's beta with its weight in the portfolio. Stock X has a weight of 75%(75,000/100,000) and a Beta of 1.5. Stock Y has a weight of 25%(25,000/100,000) and a Beta of 0.7.

Portfolio Beta = (1.5*0.75)+(0.70*0.25)=1.3

3 0

3 years ago

The standard deviation of return on investment A is 10%, while the standard deviation of return on investment B is 5%. If the co

ahrayia [7]

Answer:

The answer is 60.

Explanation:

The First step in solving the example given, is to recall the following steps to be taken

The standard deviation of return on investment A =10%

The standard deviation of return on investment B =5%

The co-variance of returns both on A and B =.0030

The next step is as follows

co-variance = correlation

.0030 (.05 x .10) = 60

Therefore the correlation coefficient between the returns of A and B is 60

8 0

3 years ago

Katie was notified in November that she will be receiving a $75,000 bonus. This is her first year as an executive and she is thr

LekaFEV [45]

The answer is Yes, Katie have a taxation issue assuming that there is an immediate vesting policy in place for her employer's deferred comp plan

The term impact is used to describe the immediate consequences or initial imposition of a tax. The tax impact first affects the taxable person. Therefore, those who are eligible to pay taxes to the government are in effect. The

cascade tax effect is also known as "taxable". This effect occurs when goods are taxed at all stages of production. Such goods are taxed until they are finally sold to consumers. This means that subsequent transfers of goods will be taxed, including the tax levied on the previous transfer.

Learn about tax here:brainly.com/question/3380200

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5 0

2 years ago

Were taxes are recorded on the income and expense statement ​

Were taxes are recorded on the income and expense statement