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4 years ago

Below are cash transactions for Goldman Incorporated, which provides consulting services related to mining of precious metals

Business

1 answer:

dangina [55]4 years ago

4 0

Answer:

Net cash used in investing activities = ($55,500)

Explanation:

Cash flows from Investing activities

Transaction Amount

Cash used for purchase of mining equipment -$68,000

Cash provided from sale of equipment +$22,000

purchased in c. above

Purchase of company vehicle. -$9,500

Net cash used in investing activities -$55,500

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Figure your taxable income, subtract the sum of lines 8 and 9 from line 7, and then enter that number here

Anna71 [15]

Answer:

22532

Explanation:

For this one you dont look at the w2 form. you have to look at the form you are filling out go up to question number 7 and 8 you will subtract those to answers that was filled in 34732-12200= 22532

sorry for the long explanation I was currently working on this and then I read the problem so many times but I feel slow so hope this helps

5 0

3 years ago

Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The a

hjlf

Answer:

Income statement for the company under variable costing

Sales (80,000 units x $45) $3,600,000

Less Cost of Sales

Beginning inventory $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale $1,900,000

Less Ending inventory (20,000 x $19) ($380,000) ($1,520,000)

Contribution $2,080,000

Less Period Costs

Fixed Manufacturing Overhead ($600,000)

Selling and administrative expenses - Fixed ($400,000)

Selling and administrative expenses - Variable ($180,000)

Net Income / (loss) $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

= $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

5 0

3 years ago

Katherine is developing a forecast for her company's next year's sales of an organic fertilizer to retail gardening nurseries. s

Furkat [3]

She is engaging in Bottom-up Forecasting.

<h3>What is Bottom-Up Forecasting?</h3>

Bottom-up forecasting is a high-level prediction of micro-level inputs to estimate revenue for a particular year or group of years. Revenue teams, for example, frequently utilize this strategy to forecast the company's future performance based on individual sales or rep performance.

Bottom-up forecasting is analogous to assessing the health of a complicated system, such as a vehicle, by examining its most fundamental components, such as its engine components.

The essential distinction between top-down and bottom-up methodologies is the perspective used to conduct your analysis. Bottom-up forecasting is excellent for assessing the impact of certain performance measures on revenue. However, in order to truly grasp the health of a complicated firm, we must examine it from several perspectives.

In a top-down study, we estimate aggregate demand. This style of evaluation considers past performance to forecast future performance.

Therefore, Katherine is developing a forecast for her company's next year's sales of organic fertilizer to retail gardening nurseries. she is assembling the sales estimates for her company's product by adding together the territory estimates provided by her salespeople. she is engaging in Bottom-Up forecasting.

For more information on Bottom-up Forecasting, refer to the given link:

brainly.com/question/14683037

#SPJ4

3 0

2 years ago

Nike has just introduced a new product. To encourage successful adoption, the firm must first _____. A. make sure the consumer i

KATRIN_1 [288]

Answer:

Option B

Explanation:

When any new product arrives in market, the consumers are not much interested because they don't know the benefits of the product. Through many types of advertisements when the manufacturing company shows benefits of product and motivates the consumers to try the product as it is better than the other products in the market, there are chances that consumers will successfully adopt the new product of the company.

5 0

4 years ago

As of 2018, U.S. tax law limits the tax deduction for interest payments to 30 percent of: Multiple Choice

frutty [35]

Answer:

EBIT

Explanation:

As of 2018 US Tax law limits the tax deduction for interest payments to 30 percent of EBIT.

The Office of Tax Policy develops and implements tax policies and programs, reviews regulations and rulings to administer the Internal Revenue Code.

4 0

3 years ago