Answer:
False
Explanation:
Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.
Answer:
$685
Explanation:
Data provided in the question:
Cost of inventory at the beginning of the year = $210
Cost of merchandise purchased = $635
Inventory at the end of the year = $160
Now,
cost of goods sold for the year
= Beginning inventory + Cost of merchandise purchased - Ending inventory
or
Cost of goods sold for the year = $210 + $635 - $160
or
Cost of goods sold for the year = $685
Answer:
400,000 gallon's of fuel oil
200,000 gallon's of gasoline
Explanation:
Constraint 1: you must produce at least 2 gallons of fuel oil for every gallon of gasoline
So for every three gallons you must have 2 fuel oil and one gasoline.
Thus 600,000/3 = 200,000
200,000 × 2 = 400,000 fuel oil 200,000 × 1 = 200,000 gasoline
Constraint 2: is that at least 150,000 gallons of fuel oil must be produced. 400,000 is greater than 150,000
Answer:
Explanation:
The journal entry is shown below:
Not realized gain or loan A/c Dr $300,000
To Estimated liability on purchase of raw material $300,000
(Being the difference is recorded)
The difference is computed by
= Purchase value of raw material - market value of raw material
= $1,500,000 - $1,200,000
= $300,000
A good marketing plan helps managers make strategic decisions and provides a framework for effective implementation and control.
<h3>What are implementation and control?</h3>
- One of many strategic controls available to the company to help direct the strategy's execution is implementation control. Implementation control aims to ensure that results are being delivered while maintaining strategy execution on course as planned.
- The process of putting plans into practice to achieve the desired outcome is known as strategy implementation. In essence, it's the art of accomplishing things. Every organization's ability to carry out choices and crucial procedures effectively, consistently, and efficiently determine how successful it will be.
- Implementation control typically establishes performance standards, assesses actual performance, and identifies the reasons why these standards weren't met. Implementation controls also include timelines, budgets, and milestones.
- Security measures can also be categorized in different ways based on how they are implemented. Technical, managerial, and operational are the three main categories for implementation.
A good marketing plan helps managers make strategic decisions and provides a framework for effective implementation and control.
To learn more about implementation and control, refer to:
brainly.com/question/14273000
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