Answer:
$1,531,286.40
Explanation:
The computation is shown below:
Given that
Acquisition cost of an asset = $5,400,000
Sale value of an asset = $1,700,000
Tax rate = 22%
So the after tax salvage value of the asset is
= $1,700,000 - ($1,700,000 - $5,400,000 × (11.52% + 5.76%)) × 22%
= $1,531,286.40
Refer to the MACRS table for the depreciation rate i.e 11.52% and 5.76%
Answer:
The correct answer is letter "D": the beginning balance of owner's equity.
Explanation:
The statement of owner's equity reports the changes in a company's capital balance during a certain period. Thus, the transactions that increased or decreased stakeholder's equity is portrayed in this section. In the statement of owner's equity, the income earned during the current period is added to the beginning capital balance and the owner's equity withdrawals are deducted.
<em>The statement of owner's equity shows at its head the Beginning equity balance -initial money invested in the company over a period.</em>
The best thing that Marla should do in this type of problem is letter d, investigate the market. It is because in doing business especially to the field that she is going to take on, it is best to assess and evaluate the decision and the outcome of it. It is best to make sure if she could benefit from it and could be a potential as she runs the business.
Answer: Brand manager
Explanation:
The decentralized system is one of the type of organizational firm that basically managing all the operations and the functions of the firm. The decentralized system helps in taking the various types of effective and major decisions in an organization.
The main responsibility of the brand manager in the decentralized system is that it helps in adopting the various types of strategies for the purpose of achieving the given target in an organization by maintaining the brand integrity.
According to the given question, the brand manager is basically responsible for managing the overall sales management, planing, budgeting and also the total performance of the company profit.
Therefore, Brand manager is the correct answer.
Answer:
<u>Slapshot Company</u>
<u>Income statement for the month of June</u>
Sales ( 1,890 x $360) $680,400
Less Costs of Sales ($378,000)
Gross Profit $302,400
Selling Costs :
Commissions $68,040
Other Selling Expense $64,700
Administrative Expense $53,800 ($186,540)
Net Income $115,860
Explanation:
The Income statement shows the <em>Profit</em> earned during the reporting period. This is determined as Gross Profit (Sales - Cost of Sales) minus the Operating Expenses.
