The difference between what the total sales should have been, given the actual level of activity for the period, and the actual total sales is a: Variance.
<h3>What is a variance?</h3>
Variance refers to the difference between the expected sales realizations and the actual sales results. This is often common in business as businessmen tend to make projections for the future.
Sometimes the reality is far from what they believed will happen and this is what is referred to as variance. Variance also occurs in different life activities. Sometimes, individual projections are not realized and this is what is known as a variance.
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Answer:
$80,000
Explanation:
Calculation to determine what Elk's taxable income is:
Using this formula
Taxable income=Operating income-Operating expenses
Let plug in the formula
Taxable income=$370,000-$290,000
Taxable income=$80,000
Therefore Elk's taxable income is:$80,000
The answer is Clean Water Act. It is a U.S. federal law that
controls the discharge of pollutants into the nation's surface waters. This act
was initially known as the Federal Water Pollution Control Act. Also, this act
is managed by the U.S. Environmental Protection Agency (EPA), which arranges
water quality standards, handles implementation, and helps state and local
governments advance their own pollution control plans. The federal government delivered
billions of dollars in grants to back the building of sewage treatment
facilities around the country. This act also necessitate businesses to apply
for federal documents to discharge pollutants into water courses, as well as to
decrease the amount of their discharges over time.
The right answer for the question that is being asked and shown above is that: "B. Shirley's car will appreciate in value." Shirley qualifies for a $12,000 auto loan and chooses a 36-month loan term versus a 60-month loan term. The shorter term of the loan affect Shirley is that her<span> car will appreciate in value.</span>
Answer:
The correct answer is $24,500.
Explanation:
According to the scenario, the given data are as follows:
Total Account receivable = $100,000
Amount collected = $70,000
So, if there is sufficient taxable income, then assume tax rate to be 35%.
So, we can calculate the Gains tax by using following formula:
Gain tax = Amount collected × Tax rate
By putting the value, we get
Gain tax = $70,000 × 35%
= $24,500.
