Income Taxes Using appropriate headings and subtotals prepare a multiple-step consolidated income statement.
An Income tax is a tax imposed on people or entities in admire of the income or profits earned by way of them. income tax generally is computed because the manufactured from a tax price instances the taxable earnings. Taxation fees can also vary by using the kind or characteristics of the taxpayer and the type of profits.
Consolidated Income statement
Particulars Amount
Net Sales $ 5,864. 6
Less: Expenses
Cost of Products sold = $ 3,6594.4
Gross Profit = $2,205.2
Less: Operating expenses
Selling general, and administrative expenses $ 1,515.3
Other expenses $ 432.7
Operating Income = $ 275
Less: Non-operating expenses
Interest and other non-operating expenses $ 104.7
Income before Taxes = 152.5
Less: Income Tax expense $ 17.9
Income after Taxes = $134.6
Less: Loss on sale of Discontinued Operations
(net of income taxes) $9.4
Net Income $ 125.2
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Answer:
Fixed cost
Explanation:
Variable costs are costs that change with change in the quantity of the goods or services produced by the business. For example the cost of raw materials.
Fixed costs are costs that do not change with change in the quantity of the goods or services produced by the business. For example interest payments.
In the given question, payment of $10 per pound has to be made no matter what the production level for the year, so this is an example of <u>fixed cost</u>
Answer:
B)
Explanation:
Reese can recover from Alex.
There are rules to follow when making sales. If the buyer agent with minority buyers in his car approaches a scheduled showing only to see a Confederate flag flying from the front porch, the agent should;
- Consult with the buyers and determine whether they want to proceed.
<h3>What is the response of a listing agent who approaches a potential listing?</h3>
The response of a listing agent who approaches a potential listing only to find a Confederate flag flying from the front porch is that;
- He should ask the seller if the flag stands for his racial prejudice and later ask that it should be removed.
Real estate agents are known to be business people and so thy are not social engineers. But if the agent believes the flag stand for racist attitudes that will hinder or enter the transaction and result in lowering of interest in the property, it is best to stop the listing.
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