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3 years ago

In one or two sentences, describe which is greater: gross pay or net pay.

Business

1 answer:

ArbitrLikvidat [17]3 years ago

4 0

Answer:

Gross pay

Explanation:

Gross pay is before all taxes and deductions. Therefore that value is greater than net pay which is after all taxes and deductions

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Why is active voice generally preferable for business messages?

hram777 [196]

Active voice gives the idea that actions are being undertaken and that things will be able to be completed. The passive voice gives the appearance that the tasks are not of high importance and that they'll only be completed if the time allows or if the person is interested in completing them. Active voice allows for the belief that the task is important and the result will be high-priority to the listener(s).

4 0

3 years ago

During the year, Mark reports $90,000 of active business income from his law practice. He also owns two passive activities. From

andrezito [222]

Answer:

b. $90,000 with a $10,000 loss carryover

Explanation:

Given that

Active business income = $90,000

From Activity A, the income earns = $20,000

From Activity B, the loss incurs = $30,000

So by considering the above information, the Adjusted gross income should be

The $90,000 should be recorded

Plus, the $10,000 loss should also be carryover

The $10,000 loss is come from

= $20,000 - $30,000

= -$10,000

8 0

3 years ago

The following information is provided for Sacks Company before closing entries. Cash $ 12,000 Supplies 4,500 Prepaid rent 2,000

RideAnS [48]

Answer:

b. $78,500

Explanation:

Assets

Equipment $65,000

Cash $12,000

Supplies $4,500

Prepaid rent $2,000

Total Assets $83,500

Equity and Liabilities

Common stock $68,000

Retained earnings $10,500

Total Equity $78,500

Accounts payable $5,000

Total Equity and Liability $83,500

*Working

Net Profit = Service revenue - Salaries Expenses - Miscellaneous expenses

Net Profit = $30,000 - $4,500 - $20,000 = $5,500

Total retained Earning = $8,000 + $5,500 - $3,000 = $10,500

5 0

3 years ago

I need help! It’s for a test.

Vilka [71]

I think is D

Is the most obvious out of the others

7 0

2 years ago

Read 2 more answers

May 31, Novac Corp. Has net sales of $415,000 in cost of goods available for sale of $286,000 compute the estimated cost of the

BabaBlast [244]

Answer:

$24,550

Explanation:

Computation for the estimated cost of the ending inventory

Net Sales = $415,000

Gross Profit rate= 37%

Cost of goods Sold = 100%- 37% = 63%

Cost of Goods Sold =$415,000*63% = $261,450

Cost of Goods Available for sale = $286,000

Using this formula

Estimated Cost of Ending Inventory= Cost of goods available for sale - Cost of Goods Sold

Let plug in the formula

Estimated Cost of Ending Inventory = $286,000-$261,450

Estimated Cost of Ending Inventory = $24,550

Therefore the estimated cost of the ending inventory is $24,550

5 0

3 years ago