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3 years ago

Do all states have income tax

Business

2 answers:

DanielleElmas [232]3 years ago

8 0

Answer:

No, the states that don't are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming.

Explanation:

Aloiza [94]3 years ago

5 0

Answer:

not all of them

Explanation:

Most Americans file a state income tax return and a federal income tax return. The states with no income tax are Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. If you live in one of those seven states, or New Hampshire or Tennessee, you may not need to file a state return.

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“EBIT is generally considered to be independent of financial leverage, because EBIT is the result of a firm’s operating effectiv

Arturiano [62]

Answer:

The answer is below

Explanation:

EBIT is known as an accounting measure to determine the profit level of a firm. It is an acronym of Earnings Before Interest and Taxes.

EBIT is generally considered to be independent of financial leverage because EBIT is the result of a firm’s operating effectiveness.

This is true because, EBIT is based on the firm's level of sales and cost of operation, of which financial leverage has no effects on it.

However, with excessive debt levels, EBIT might be influenced by financial leverage.

This implies that even though the financial leverage of a firm has no direct influence on EBIT, in a situation whereby a firm is operating at huge deficits, every aspect of the film will be concerned. This will include staff, customers, investors, and operational activities, thereby affecting the firm's sales and cost of operation. As a result, this will ultimately affect the firm's EBIT.

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2 years ago

in 2006, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What wa

Nonamiya [84]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

The rate of increase for these automobiles between the two time periods is 75 percent.

Below is the solution:

($28,000 – $16,000) / $16,000 = .75 (75 percent)

5 0

2 years ago

The result of the accounting process is several financial statements. The income statement, the balance sheet, and the statement

Volgvan

Answer: Please refer to Explanation

Explanation:

Income Statement

Profitable Company - Bottom line in surplus

Unprofitable Company - Bottom line in Deficit

The Bottomline in the Income statement refers to the Net Profit after all adjustments and deductions have been made. This is the figure that is taken to Retained Earnings and therefore funds the business. If the Bottomline is in Deficit that means the company made a loss and by definition are Unprofitable. The reverse is true.

Balance Sheet

Profitable Company - Financially healthy.

Unprofitable Company - Financially failing.

The Balance Sheet shows the health of a company by checking it's assets vs it's Liabilities and Equity. If it is shown for instance that there is too much debt in the company or that Current Liabilities are more than Current Assets, this shows that the company is not healthy and this is usually a symptom of an Unprofitable company. However a balance sheet showing strong Net Assets and a good Debt - Equity balance is considered healthy and is related to a Profitable Company.

Statement of Cashflow.

Profitable Company - Inward flow of cash

Unprofitable Company - Outward flow of Cash

The Statement of Cashflow (SCF) shows the actual amount of cash that a company has and spends. Other statements can include amounts for which cash has not been paid yet due to the Accrual system in Accounting. The SCF only deals with cash. A Profitable Company will have more cash coming in than going out because it would mean they are making profits as well as being in a strong financial position.

An Unprofitable Company on the other hand will show more cash leaving than coming in. This Outward flow of cash will signify that the company is spending more than it gets which is the sign of unprofitability.

3 0

3 years ago

Suppose that the production function faced by a 30-weight ball bearing producer is given by Q- 4KL, where MP = 2K2 and MP = 2K L

Delicious77 [7]

Answer and Explanation:

The answer is attached below

6 0

2 years ago

Sanchez Company's output for the current period was assigned a $419,000 standard direct labor cost. The direct labor variances i

skad [1K]

Answer:

the actual total direct labor cost for the current period is $425,285

Explanation:

Reconciling Standard Cost to Actual Cost

Standard Cost $419,000

Add Unfavorable direct labor rate variance $10,475

Less Favorable direct labor efficiency variance ($4,190)

Actual Cost $425,285

3 0

3 years ago