Answer:
B. Income Tax Expenses
Explanation:
The Purpose of the Income Statement in Financial Statement Preparation is to ascertain the profit or loss of a business entity for a particular year. Usually, the format is as follows:
1. Gross Profit= Sales- Cost of Goods sold(Opening Inventory + Purchases- Closing Inventory)
2. Net Profit/ Net Loss = Gross Profit + Other Revenues and Gains - Expenses for the period.
However, income tax expense is only calculated when the net profit has been ascertained. It is usally referred to as net income before tax. It is based on this figure, that the income tax expense is then calculated based on prevailing income tax percentage.
Every other part of the income statement covers a section, but all sections should be calculated and concluded before the income tax expense can be calculated and then subtracted to arrive at the final income tax.
<span>Crop rotation. Crop rotation is growing a series of dissimilar or different types of crops in the same plot in sequenced seasons. Peas, like other legumes, are nitrogen fixing crop. They recover depleted nitrogen and other nutrients squeezed out by the organic corn, making nitrogen available to the soil for use again. This practice takes advantage of the uniqueness of each crop make use of diverse natural and ecological resources present in the soil to maximize yield and increase output. The organic corn requires a lot of nutrient for root growth and with repeated use, the available nutrients has gotten depleted. Planting legumious crops which are good nitrogen-fixers will help to recover lost nutrient.</span>
Answer:
The answer is: No, he can't discriminate.
Explanation:
The Civil Rights Act of 1866 defined citizenship without distinction of race or color, and stated that all citizens are equally protected by the law.
So the owner of the house (as well as everyone else in this country) is prohibited by law to discriminate potential buyers on the basis of race.
Answer:
3.55 years
Explanation:
The payback period is the length of time it takes for Beyer Company to recoup the initial investment of $370,000.
In other words, the number of years for the net cash flows of the project to equate the initial investment amount of $370,000 as shown in the attached excel file for Beyer company's payback computation
Answer:
number of periods = 8 years.
Explanation:
We know,
Future Value = Present value × 
Here,
Present value = PV = $2,500
Future value = FV = $3,500
Interest rate (Compounding) = 5% = 0.05
We have to determine how many years (Periods) it will take, n = ?
Putting the values into the above formula,
$3,500 = $2,500 × 
or, = $3,500 ÷ $2,500
or, n log 1.05 = 1.4
or, n × 0.17609 = 1.4
or, n = 1.4 ÷ 0.17609
Therefore, number of years = 7.95 or 8 years.
