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3 years ago

Which is NOT a major expense category?

Business

2 answers:

bija089 [108]3 years ago

8 0

Answer:

Explanation:

Food. Because you can get a Burger for a dollar..

Anestetic [448]3 years ago

5 0

Answer:

The answer is: C) electricity

Explanation:

Electricity is part of the Utilities and Services category (electricity, gas, water, cable, internet), it is not a category by itself. Some people include utilities and services under housing, but that is a mistake since housing expenses usually include rent or mortgage payments, house insurance, property taxes, maintenance and repairs.

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FORco, a country F corporation, wants to open a sales office in the United States. FORco does not form a U.S. subsidiary, but in

wariber [46]

Answer:

C. Subject to 30% withholding tax under the Branch Interest Withholding tax rules.

Explanation:

Options are <em>"A. No interest withholding as the interest is deemed paid by the foreign corporation, since the U.S. branch is not a U.S. corporation. B. No interest withholding tax since the recipient of the interest is a foreign corporation. C. Subject to 30% withholding tax under the Branch Interest Withholding tax rules. D. Subject to 15% withholding tax under the Branch Profits tax rules. Reset Selection"</em>

The interest payment will be subject to 30% withholding tax under the Branch Interest Withholding tax rules. Interest paid by a branch's U.S. trade or business, is considered U.S. source income and is subject to U.S. withholding tax at a rate of 30%, unless the tax is reduced or eliminated by a specific treaty or Code provision.

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2 years ago

Dash of Style, a leather products company in the U.S, imported leather goods worth $ 10,000 from China. When the consignment rea

navik [9.2K]

Answer:

.... the company had to pay a tax on the imports.

Explanation:

8 0

3 years ago

Read 2 more answers

List and explain the four factors of production, stating their reward.

mojhsa [17]

The four main factors of production are land, or the physical space and natural resources, labor, or the workers, capital, or the money and equipment, and entrepreneurship, or the ideas and drive, which are used together to make a successful attempt at selling a product or service according to traditional economic ...

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3 years ago

Emma Jones Company has the following information available: Account 12/31/2019 12/31/2018 Accounts Payable $76,500 $80,000

leonid [27]

Answer:

B. No.

Explanation:

The formula to compute the quick ratio is shown below:

Quick ratio = (Quick assets) ÷ (current liabilities)

where,

For 2018

Quick assets = Accounts Receivable, net + Cash and Cash Equivalents + Short minus Term Investments

= $49,000 + $70,000 + $44,000

= $163,000

And, the current liabilities = Accounts Payable + Income Taxes Payable

= $80,000 + 5,000

= $85,000

Now put these values to the above formula

So, the ratio would equal to

= $163,000 ÷ $90,000

= 1.81 times

For 2019

Quick assets = Accounts Receivable, net + Cash and Cash Equivalents + Short minus Term Investments

= $42,300 + $43,700 + $27,000

= $113,000

And, the current liabilities = Accounts Payable + Income Taxes Payable

= $76,500 + 2,000

= $78,500

Now put these values to the above formula

So, the ratio would equal to

= $113,000 ÷ $78,500

= 1.43 times

No, as it shows declining from 2018 to 2019

3 0

2 years ago

Accounts receivable, equipment, the building itself, and the land on which the building stands are examples of:

emmainna [20.7K]

Answer: Assets

Explanation:

Assets are something that a business owns that is able to bring in money or is a store of value.

All the above mentioned items are considered assets as they fit this description.

Accounts receivable is a current asset which means it has a duration of a period or less.

Equipment, building and land are all fixed assets as they have a duration of more than one period.

8 0

3 years ago