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Ghella [55]
3 years ago
10

Anne owns a business that trades in perishable commodities. Which property would Anne be interested to invest in? office buildin

g land warehouse showroom
Business
1 answer:
Evgesh-ka [11]3 years ago
8 0
I believe a Warehouse is the most likely answer.
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Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense,
romanna [79]

Answer:

Cortina Company

Indication of the type of adjustment and the status of the accounts before the adjustment:

Type of adjustment (prepaid           Status of the accounts before the

expense, accrued revenue, etc.)      adjustment:

a. Usage adjustment                        Supplies Overstated by $1,200

b. Accrued Revenue                        Service Revenue understated by $700

c. Accrued Expense                         Interest Expense understated by $300

d. Earned Revenue                          Rent Revenue understated by $1,100

                                                          and Deferred Revenue overstated by

                                                          the same amount.

Explanation:

Cortina Company must recognize all revenue and expenses, whether cash has exchanged hands or not, provided they have been earned or incurred within the stated accounting period.  This is in accordance with the accrual concept and the matching principle of generally accepted accounting principles.

5 0
3 years ago
This is the story of Goodies Gift Shop in its third year of operation in Small Town USA. Amelia Goodies, the owner, runs the sho
Anastasy [175]

Answer:

1. Her return on investment is 20%

2. $40,000

Explanation:

1. We have Return on Investment = Net income from the Investment / The invested amount.

The net income is clearly stated in the Question which is the after-tax profit at $20,000.

The invested amount of Amelia is the amount she invested in Goodies Gift Shop which is illustrated as net worth ( owner's equity) at $100,000 in the Balance Sheet (Year 2).

As we have Return on Investment =  20,000/100,000 = 20%

2. We have the projected pre-tax profit = Projected margin - total overhead = 250K - 200K = $50,000

   The after-tax profit = pre-tax profit x (1- tax rate) = 50K x (1-20%) = $40,000

3 0
3 years ago
Large companies such as Walmart, IBM, and Ford are classified as A. S-corporations. B. C-corporations. C. limited liability comp
Lostsunrise [7]
Large companies such as Walmart, IBM, and Ford are classified as C Corporations.  C Corporations offer liability protection for their shareholders. Each shareholder is only financially liable for the amount he has invested in the company.  I<span>ts profits are taxed separately from its owners under sub chapter </span>C<span> of the Internal Revenue Code.</span>
6 0
3 years ago
Read 2 more answers
On November 1 of year 0, Jaxon borrowed $38,000 from Bucksnort Savings and Loan for use in his business. In December, Jaxon paid
andreev551 [17]

Answer:

$570

Explanation:

The computation of the interest deduction is shown below:

= Interest paid × number of months ÷ (total number of months in a year)

= $3,420  × 2 months ÷ 12 months

= $570

The interest which is deducted in year 0 under the cash method of accounting is $570

And, the two months is calculated from the November 1 to December 31

We simply apply the interest paid formula.

4 0
3 years ago
The costs and risks associated with doing business in a foreign country are typically?
shutvik [7]

The costs and risks associated with doing business in a foreign country are typically lower in economically advanced and politically stable democratic nations.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Business is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a for-profit or non-profit organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

Learn more about business here:brainly.com/question/24553900

#SPJ4

6 0
1 year ago
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