Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.
Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
Answer:
B. There was an improper cutoff of sales at the end of the year.
Explanation:
Sales cuttoff focuses on whether sales are properly reccorded for a particular period.
Answer: $22,000
Explanation:
The total revenue to be recognized by Italian Fine Dinning Inc. is the standalone selling price for the franchise services which is $88,000.
As this contract is for a four year period, Italian Fine Dinning Inc will have to recognize the above revenue over a period of 4 years.
Revenue in December 2020 will therefore:
= 88,000 / 4
= $22,000
Answer: b.Give more specific information, including dates and names.
Explanation:
The things that are needed to be changed in order to make the message appropriate for both the supervisor and the legal team is to give more specific information, including dates and names.
One doesn't need to show more outrage or use a friendly tone. This is a professional settings and a serious issue hence, a friendly tone should not be used. Rather, the person should give more information such as the name of the worker, the date that it occured and possibly the time as this will be of immense benefit to the legal team which will be used in following up on the issue.
Answer:
See below.
Explanation:
Solve for bottles at $50:
10 × 50
$500 per week
Solve for bottles at $45:
11 × 45
$495
Mr. Porter would make more money by sticking with selling 10 bottles a week at $50 each. This is because the latter requires him to sell one extra bottle and he will still lose $5.
