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3 years ago

The accounting procedures for sole proprietorships are the same as for partnerships except

Business

2 answers:

Serhud [2]3 years ago

8 0

The answer is C for the revenue section according to the lesson text.

Kryger [21]3 years ago

4 0

I think the answer would be D.

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A generation ago, workers tended to work for three to four employer(s) during their working years. Group of answer choices True

Sergio [31]

I believe your answer is true

8 0

2 years ago

What is the margin of safety (in sales) when a business has sales of $485,000, sales of $225,000 at break-even point, and unit s

lilavasa [31]

Answer:

Margin of safety= $260,000

Explanation:

Giving the following information:

Sales= $485,000

Break-even point in dollars= $225,000

<u>To calculate the break-even point in sales dollars, we need to use the following formula:</u>

Margin of safety= (current sales level - break-even point)

Margin of safety= 485,000 - 225,000

Margin of safety= $260,000

5 0

3 years ago

Winona contracted with XtremeCast, a broadcast media firm, to cohost an Internet-streaming sports program. Winona and XtremeCast

Dimas [21]

Answer: Yes. Winona was an independent contractor

Explanation:

Based on the analysis and the information that have been provided in the question, we can say that Winona was an independent contractor.

An independent contractor is an individual who works for someone else and gets paid for the work done by the employer but it should be noted that the person is not under the control of the employer. .An independent contractor is termed an agent and not employed by the company he or she is working for.

8 0

3 years ago

Never, Inc., earns book net income before tax of $500,000. In computing its book income, Never deducts $50,000 more in warranty

goldenfox [79]

Answer:

c.$10,500

Explanation:

The computation of the deferred income tax asset is shown below:

= Warranty expense for book purposes × U.S tax rate

= $50,000 ×21%

= $10,500

For computing the deferred income tax asset reported, we simply multiply the warranty expense with the U.S tax rate.

Hence, we ignored the net income before tax as it is an irrelevant part which is given in the question

8 0

3 years ago

Consider an investment in which a developer plans to begin construction, of a building that will cost $1,000,000, in one year if

NeTakaya

Answer:

$300,000

Explanation:

Calculation to determine what would the land value be at the completion of the construction, under the real options approach

First step is to calculate the property worth

If NOI =$160,000

Capitalization rate = 10%

Property will worth =$160,000/10%

Property will worth =$1,600,000

Land value = $1,600,000 - $1,000,000 = $600,000

Second step is to calculate the property worth $

If NOI =$80,000

Capitalization rate = 10%

Property worth=$80,000/10%

Property worth =$800,000

Land value of $800,000 will be 0 reaosn been that the property cost is lower than the construction cost Base

Now let calculate the land value

Land value = 50%($600,000) + 50% ($0)

Land value = $300,000

Therefore what would the land value be at the completion of the construction, under the real options approach is $300,000

6 0

2 years ago