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snow_lady [41]
3 years ago
11

What is the difference between gross pay and net pay? gross pay describes your pay after deductions; net pay is before gross and

net pay are the same net pay describes your pay after deductions; gross pay is before none of the above?
Business
1 answer:
kobusy [5.1K]3 years ago
8 0
<span>Net pay describes your pay after deductions; while gross pay describes your pay before tax deductions. Net pay is your "take home" pay after tax has been deducted while gross pay describes your gross income (I.e the amount prior to tax withholdings). Quite basically, Gross pay is the amount of money an employees receives before any taxes and deductions are taken out it. While Net pay is the amount received after taxes and deductions have been taken.</span>
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Kodak was once the largest supplier of photographic film. In 2004 it was dropped from the Dow Jones Industrial Average after hav
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Answer:

Option B Threat of substitute products

Explanation:

Kodak didn't considered technological advances and the growing strength and demand of substitute products which played a vital role in the strenthning position of Sony and other digital camera industry players. The technological advances technologically outdated Kodak and led to decrease in sales with higher percentage.

4 0
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Select all that apply. Which traits do all employers desire in employees? honesty only occasional tardiness loyalty cooperation
tresset_1 [31]
Honesty
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<span>responssibility
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8 0
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butalik [34]

It is called networking.

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6 0
1 year ago
Aug. 1 Madison Harris, the owner, invested $6,500 cash and $33,500 of photography equipment in the company in exchange for commo
inna [77]

Answer:

The Journal entries are as follows:

(i) On August 1,

Cash A/c Dr. $6,500

photography equipment A/c Dr. $33,500

               To common stock                        $40,000

(To record the issuance of common stock for cash and photography equipment)

(ii) On August 2,

Prepaid insurance A/c Dr. $2,100

           To cash                               $2,100

(To record the cash paid in advance for insurance)

(iii) On August 5,

Office supplies A/c Dr. $880

           To cash                       $880

(To record the cash paid for office supplies)

(iv) On August 20,

Cash A/c Dr. $3,331

     To photography fees earned $3,331

(To record the photography fees earned)

(v) On August 31,

Utilities A/c Dr. $675

      To cash A/c        $675

(To record the cash paid for utilities)

8 0
3 years ago
Revenue and expense data for the current calendar year for Tannenhill Company and for the electronics industry are as follows. T
Dmitry_Shevchenko [17]

Answer:

Explanation:

A common sized income statement is a method of financial statement that express every line item on a financial statement as a percentage of sale for the ease of financial analysis

                             Tannenhill's              %        Industry average

Revenue               2,480,000             100                  100%

Cost of Goods      1,587,200                64                    70

Gross profit           892,800                  36                  30

Selling expenses    545600                 22                    17

Admin expenses     198400                  8                       7

Total ope. Expe.       744000                30                    24

Ope. Income             148600                 6                      6

Other Revenue          49600                  2                      2

                                   198400                 8                      8

Other Expenses         24800                  1                        1

PBIT                             173600                7                       7

Income Tax                  74400                 3                       5

Net Income                  99200                4                       2

7 0
3 years ago
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